Fred Business News -U.S. costs for the Iraq war are likely to exceed $110 billion in the 12-month period that ends in September, approaching the record reached in the 2006 fiscal year.

That amounts to more than $2 billion a week spent on the war.

White House Budget Director Rob Portman, speaking at a round table with reporters, also predicted that strong revenue growth would help bring down the overall U.S. budget deficit, offsetting some of the spending on Iraq.

Asked if he thought the deficit ...   more »