Obama seeks $75.5 bln for Iraq, Afghan wars 2009

President Barack Obama is seeking an additional $75.5 billion for wars in Iraq and Afghanistan for the rest of the current fiscal year in a budget released that reflects plans to pull troops out of Iraq.
HT Image
HT Image
Updated on Feb 26, 2009 11:16 PM IST
Copy Link
Reuters | By, Washington

President Barack Obama is seeking an additional $75.5 billion for wars in Iraq and Afghanistan for the rest of the current fiscal year in a budget released on Thursday that reflects plans to pull troops out of Iraq.

Obama, in his first budget, is also requesting $130 billion for military operations in the two wars for fiscal year 2010 that starts Oct. 1, which would be a decline from the roughly $140 billion he expects will be needed this year.

"The budget recognizes and funds the president's strategy to increase our resources in Afghanistan while responsibly removing combat brigades from Iraq," the document said.

Congress has already appropriated about half of the money that the Obama administration says it will need for Iraq and Afghanistan this year.

The proposed 2010 budget would increase US defense spending by 4 per cent, or $20.4 billion, to $533.7 billion, excluding the cost of the wars or work on nuclear weapons.

Total spending in the Pentagon base budget and for the wars would reach nearly $664 billion in fiscal 2010, if the plan is approved by Congress.

The administration anticipates big savings in the budget over the next few years in a number of areas, including defense spending. Obama aides say the drawdown of troops from the Iraq war will help yield significant budget savings.

But some private analysts are skeptical that a reduction of troops will bring big savings in the near-term because the drawdown from Iraq comes as the administration is boosting troop levels in Afghanistan.

An administration official said the costs of moving personnel and equipment out of a war zone were included in the budget.

Obama plans to give a speech on Friday at Camp Lejeune, a Marine Corps base in North Carolina, in which he is widely expected to announce steps to begin pulling US combat troops out of Iraq.

Close Story

Less time to read?

Try Quickreads

  • G7 leaders during a working lunch to discuss shaping the global economy at Schloss Elmau in Kuren, Germany, on Sunday. 

    G7 leaders mock Putin in jokes about stripping off

    World leaders mocked Russian President Vladimir Putin's tough-man image at a G7 lunch in Germany on Sunday, joking about whether they should strip down to shirtsleeves -- or even less. "Jackets on? Jackets off? Do we take our coats off?" The leaders -- from Britain, Canada, France, Germany, Italy, Japan, the United States and the European Union -- pondered the dilemma. British Prime Minister Boris Johnson interjected: "We've got to show them our pecs."

  • Police are seen outside a township pub in South Africa's southern city of East London.

    At least 20 dead in South African club; cause not yet known

    South African police are investigating the deaths of at least 20 people at a nightclub in the coastal town of East London early Sunday. “At this point we cannot confirm the cause of death,” said health department spokesperson Siyanda Manana. Police Minister Bheki Cele was on Sunday morning expected to visit the scene. The owner of the club, Siyakhangela Ndevu, told local broadcaster eNCA that he had been called to the scene early Sunday morning.

  • France was one of several US allies to condemn the decision, with President Emmanuel Macron denouncing a threat to women’s freedom.

    US Supreme Court decision spurs French government into action

    Politicians representing a parliamentary majority on Saturday voiced support for a bill enshrining abortion rights in France's constitution, after the US Supreme Court revoked the nationwide legal protection for American people to terminate pregnancies. The landmark ruling by the conservative-majority court on Friday overturned almost five decades of constitutional protections for abortion in the United States, allowing individual states to regulate the procedure. Prime Minister Elisabeth Borne said the government would support the bill “wholeheartedly”.

  • President Joe Biden speaks and formally launches the global infrastructure partnership, on the margins of the G7 Summit in Elmau, Germany.

    G7 unveils rival to China’s BRI

    US President Joe Biden announced on Sunday a G7 project to rival China's Belt and Road Initiative by raising some $600 billion for global infrastructure programmes in poor countries. “Together with G7 partners, we aim to mobilise $600 billion by 2027 in global infrastructure investments,” the White House said shortly ahead of a speech by Biden unveiling the proposal.

  • Foreign currency exchange rates for US dollars, Russian rubles and British pounds displayed outside an exchange bureau in Riga, Latvia.

    Russia slides towards default as payment deadline expires

    Russia edged closer to default on Sunday amid little sign that investors holding its international bonds had received payment, heralding what would be the nation's first default in decades. It's largely a symbolic development for now, given that Russia is already an economic, financial and political outcast across most of the world. For Russia, it will mark its first foreign default since the Bolshevik repudiation of Czarist-era debts in 1918.

Story Saved
Saved Articles
My Reads
Sign out
New Delhi 0C
Monday, June 27, 2022