Panel finds widespread waste in wartime spending

Wednesday, August 31, 2011 | 8:15 a.m. CDT; updated 2:15 p.m. CDT, Wednesday, August 31, 2011

WASHINGTON — The U.S. has lost billions of dollars to waste and fraud in Iraq and Afghanistan and stands to repeat that in future wars without big changes in how the government awards and manages contracts for battlefield support and reconstruction projects, independent investigators said Wednesday.