Waste, fraud in Iraq war has cost taxpayers $10 billion and counting

WASHINGTON — The U.S. government is at risk of squandering significantly more money in an Iraq war and reconstruction effort that has already wasted, overcharged or poorly tracked $10 billion in taxpayer money, federal investigators said today.

The three top auditors overseeing contract work in Iraq told a House committee that Defense and State department officials condoned or otherwise allowed poor accounting, repeated work delays, bloated expenses and payments for work shoddily or never done by U.S. contractors.