Money runs out on U.S. projects in Iraq

The Seattle Times: Nation & World: Money runs out on U.S. projects in Iraq:

"The United States will halt construction work on some water and power plants in Iraq because it is running out of money for projects, officials said yesterday.

Security costs have cut into the funds available to complete some major infrastructure projects that were started under the $18.4 billion U.S. plan to rebuild Iraq. As a result, the United States has had to pare back some projects to only those deemed essential by the Iraqi government.

While no overall figures are yet available, one contractor has stopped work on six of eight water-treatment plants it was assigned."