TEXT OF STORY
Scott Jagow: Congress is still trying to cut a deal to pay for the wars in Iraq and Afghanistan. One thing many Republicans and Democrats agree on is the need to set some limits. John Dimsdale reports from Washington.
John Dimsdale: House and Senate leaders have endorsed a ban on U.S. funding for any Iraqi reconstruction project that exceeds $2 million. Iraq would also have to share the costs of joint military operations and foot the bill for fuel. Former Pentagon official Lawrence Korb says this is the first Congressional restriction on war spending to get bipartisan support.
Lawrence Korb: Whether you’re for the war or against the war, Americans are looking and saying, “These people have plenty of money. Why are we spending it?” And I think, particularly symbolically, is the oil. They’re exporting 2 million barrels a day of oil. So, I think people say, “Hey, this is not quite fair.”
Korb says the spending restrictions should save close to $15 billion a year. But Democratic leaders are trying to add extra unemployment benefits, economic stimulus grants and the President’s request for global food aid. Anti-war Democrats are balking because they want to vote against the spending bill. And the White House is threatening to veto any extra line items.
In Washington, I’m John Dimsdale for Marketplace.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.