Sign in to comment!

Menu
Home

MILITARY

Official: US troop pullout from Afghanistan risks monitoring of billions in civilian projects

The U.S. government's top auditor of spending on Afghanistan's reconstruction is warning Congress that American troop withdrawals this year and next will make it too dangerous to monitor many U.S.-funded projects.

John F. Sopko, the special inspector general for Afghan reconstruction, told the House Oversight Committee on Wednesday that $20 billion in reconstruction money has been appropriated by the Congress but not yet spent.

He said security issues and corruption in the Afghan government make it problematic that the money will be spent wisely.

Sopko said U.S. military security for civilians who oversee reconstruction projects extends only to areas where medical support is within about a 20-minute helicopter flight. As more U.S. troops leave, that so-called security "bubble" will shrink, he said, and the monitoring of projects will decline.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 4.23% up 4.19%  
15 Y Fixed Graph 3.26% dw 3.27%  
30 Y Fixed Jumbo Graph 4.62% dw 4.64%  
5/1 ARM Graph 3.70% up 3.38%  
5/1 Jumbo ARM Graph 4.07% up 4.01%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.29% -- 4.29%  
$50K HELOC Graph 4.04% -- 4.04%  
$30K Loan Graph 5.09% up 5.08%  
$50K Loan Graph 4.52% -- 4.52%  
$75K Loan Graph 4.52% -- 4.52%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.93% -- 2.93%  
36 M Used Graph 3.46% dw 3.47%  
48 M New Graph 3.22% -- 3.22%  
48 M Used Graph 2.99% up 2.98%  
60 M New Graph 3.24% -- 3.24%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.35% -- 0.35%  
1 yr Graph 0.69% up 0.68%  
5 yr Graph 1.39% -- 1.39%