‘Billions already wasted in Iraq, billions more could be.’

Federal auditors today told the House Committee on Oversight and Government Reform that the government has wasted $10 billion on “overpriced contracts or undocumented costs.” Of that amount, more than $2.7 billion were charged by Halliburton. The Government Accountability Office warned that “the problem could worsen,” given “limited improvement so far by the Department of Defense.”

UPDATE: Watch video highlights of the hearing HERE.