The White House chief budgeteer Rob Portman told reporters Tuesday that the Administration’s estimate of $110 billion to fund the war in Iraq for Fiscal 2007 is too low. He believes it could go as high—or higher—that last year’s $120 billion. The amount, said Portman, hinges on the new plan the Administration ultimately formulates.
The U.S. military conducted strikes on Iranian targets around the Strait of Hormuz on May 7, as the conflict with Iran flared up again—though officials say the ceasefire remains in effect.