REPORT: Bush Wasted Hundreds of Millions in Taxpayers' $$ Giving 70% of Katrina Aid to No-Bid Contractors

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The report, a comprehensive overview of government audits on Katrina contracting, found that out of $10.6 billion in contracts awarded after the storm last year, more than $7.4 billion were handed out with limited or no competitive bidding. In addition, 19 contracts worth $8.75 billion were found to have wasted taxpayer money at least in part. It cited numerous instances of double-billing by contractors.

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