Ten years and $60 billion in taxpayer funds later, Iraq is still so unstable and broken that even its leaders question whether U.S. efforts to rebuild it were worth the cost. That's the finding of a report to Congress by Stuart Bowen, the Special Inspector General for Iraq Reconstruction.
A decade and $60 billion later what does the U.S. have to show for the reconstruction efforts in Iraq? That's the question being answered by the Special Inspector General for Iraq Reconstruction in his final report to Congress.
The report by Stuart Bowen was based upon audits and inspections, as well as interviews with Iraqi and U.S. officials and politicians. Here's the crux of what happened to that money, according to the report:
The House has approved a bill to fund the federal government through the end of September. The $982 billion continuing resolution introduced by Rep. Harold Rogers (R-KY), who heads the Appropriations Committee, would avoid a potential government shutdown on March 27.
Illustration of the High Arctic camel on Ellesmere Island during the Pliocene warm period, aboutthree-and-a-half million years ago. The camels lived in a boreal-type forest. The habitat includeslarch trees and the depiction is based on records of plant fossils found at nearby fossil deposits.
Federal Reserve Chairman Ben Bernanke testifies before the Senate Banking Committee in Washington last month. Some analysts wonder if he and other policymakers have kept interest rates too low for too long.
The stock market's long climb from its recession bottom has some people concerned it may be a bubble about to burst — a bubble artificially pumped up by the Federal Reserve's easy-money policy. That's led to calls — even from within the Fed — for an end to the central bank's extraordinary efforts to keep interest rates low.