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To: Bucky Katt who wrote (14705)10/17/2003 3:49:52 PM
From: Bucky Katt  Read Replies (2) of 48461
 
House Approves $87 Billion for Iraq




Oct 17, 2:55 PM (ET)

WASHINGTON (Reuters) - The U.S. House of Representatives on Friday approved President Bush's request for $87 billion in new spending for military operations and reconstruction efforts in Iraq and Afghanistan.
The Senate was set to follow suit later on Friday, after defying Bush by voting to convert half of the $20 billion set aside to rebuild Iraq's infrastructure into a loan.

The House easily passed the bill 303-125 after it narrowly rejected a similar loan plan.

With Bush arguing that seeking repayment from Iraq would undermine U.S. efforts to stabilize the country, the issue must be settled when lawmakers negotiate next week to reconcile their versions for the final bill.

Despite the Senate action, Republican leaders said they were confident the provision passed late on Thursday to seek repayment of $10 billion for Iraq's reconstruction would not survive in the final bill.

"I'm very optimistic that the conference report is one the administration is going to be excited about," said Sen. Mitch McConnell of Kentucky, the assistant Senate majority leader.

In the House, Republicans leaders blocked a Republican loan proposal despite arguments from conservatives that Iraq should finance its own rebuilding from its potential oil wealth.

The House then rejected 226-200 a plan by Democrats to convert half of the reconstruction aid into loans.

But showing misgivings over the rebuilding price tag, Republicans shaved $1.7 billion from plans, including new garbage trucks, residential communities, developing a zip code system and restoring marshes drained by Hussein's regime.

The House also shifted $98 million from reconstruction to reimburse U.S. troops for their home leave travel.
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