News Home
All Categories
Wire Services
 Business Wire
 PR Newswire
 AP Online
 UPI
 UPI Spotlights
 Itar-Tass
 Kyodo
 TechWeb
 Xinhua
Corporate
Industries
Business
Finance
Entertainment
US
Canada
Europe
Africa
Asia
Middle East
Latin America
Caribbean
Australia
Up to 10 Symbols
(separated by spaces)
Company Name
Market Summary Stock Quotes Mutual Funds Investing Tools Market News Portfolio Tracker
DJIA 10,042.16 34.00
NASDAQ 1,949.00 6.68
S&P 500 1,074.14 2.93

Bush: U.S. Expects Overcharge Money Back ( )

RELATED TOPICS
 apo
 bush
 cheney
 contract
 federal
 gasoline
 housing
 investigation
 iraq
 money
 president
     
WASHINGTON, Dec 12, 2003 (AP Online via COMTEX) -- President Bush said Friday the United States will expect Vice President Dick Cheney's former company to pay back money that it is suspected of overcharging the government on contract work in Iraq.

"If there's an overcharge, like we think there is, we expect that money be repaid," the president told reporters.

A Pentagon audit found Cheney's former company may have overcharged the Army by $1.09 per gallon for nearly 57 million gallons of gasoline delivered to citizens in Iraq, senior defense officials say.

"I appreciate the Pentagon looking after the taxpayers' money," the president said. "They felt like there was an overcharge issue."

Bush said the Pentagon put the issue "right out there on the table for everybody to see and they're doing good work. We're going to make sure that as we spend money in Iraq, that it's spent well, it's spent wisely.

"Their investigation will lay the facts out for everybody to see," Bush said.

He spoke with reporters in the Roosevelt Room of the White House as he announced the selection of Alphonso Jackson, a federal housing official, to be the next secretary of the Department of Housing and Urban Development.

By MATT KELLEY Associated Press Writer

Copyright 2003 Associated Press, All rights reserved




Copyright 1995-2003 Stockpoint and its data suppliers. All rights reserved. Quotes are delayed at least 20 minutes. Quote data provided by S&P Comstock. Please read our Terms and Conditions.
News provided by Comtex.