VOL. XLVI

No 2

13-January-2003

IRAQ

Bush Administration Official Lowers Cost Estimate Of Iraq War To $50-60Bn

The director of the Office of Management and Budget, Mitchell E Daniels Jr, said in an interview with The New York Times on 31 December that the estimated cost of a war with Iraq could range between $50bn and 60bn, considerably less than the $100-200bn estimate made last September by Lawrence Lindsay, former chief economic advisor to President George Bush (MEES, 7 October 2002). A...