Tuesday, August 24, 2004
Iraq Reconstruction

Pentagon Auditors Urge Withholding of Halliburton Payments

In an August 16 memorandum released by Rep. Waxman, the Defense Contract Audit Agency “strongly encourages” the Defense Department to begin withholding 15% of Halliburton’s reimbursements, citing “significant unsupported costs” totaling over $1.8 billion and “numerous, systemic issues” with Halliburton’s cost estimates.