06/01/2008 05:12 am ET Updated May 25, 2011

$15B In US Iraq Spending Unaccounted For

The Pentagon cannot account for nearly 15 billion dollars in payments for goods and services in Iraq, according to an internal audit which members of Congress blasted Friday as a "shocking" accountability failure.

Of 8.2 billion dollars in US taxpayer-funded defense contracts reviewed by the defense department's inspector general, the Pentagon could not properly account for more than 7.7 billion dollars.

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