U.S. Sent $4 Billion Cash to Baghdad Just Before the War

News Type: Event — Seeded on Wed Feb 7, 2007 11:00 PM EST

Article Source: ABC News

politics, iraq, war, government, usa, america, war-on-terror, budget, baghdad, fiscal-responsibility, asston-of-money

The U.S. Federal Reserve sent record payouts of more than $4 billion in cash to Baghdad on giant pallets aboard military planes shortly before the United States gave control back to Iraqis, lawmakers said on Tuesday.

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Bills weighing a total of 363 tons were loaded onto military aircraft in the largest cash shipments ever made by the Federal Reserve, said Rep. Henry Waxman, chairman of the House of Representatives Committee on Oversight and Government Reform.

"Who in their right mind would send 363 tons of cash into a war zone? But that's exactly what our government did," the California Democrat said during a hearing reviewing possible waste, fraud and abuse of funds in Iraq.

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