The White House Office of Management and Budget estimates the Pentagon will need another $50 billion in emergency spending during fiscal year 2008 to pay for global war on terror operations. That money is on top of the $110 billion needed in FY-07 to fund U.S. military operations primarily in Iraq and Afghanistan, according to OMB's FY-07 Mid-Session Review released today. The update of the budget contains revised estimates of the budget deficit, receipts, outlays, and budget authority for fiscal...
