Army: May Not Withhold Halliburton Money (in reversal)

[rawstory]

Found on the liberal Drudge alternative, http://rawstory.com

WASHINGTON (Reuters) - The U.S. Army on Tuesday appeared to reverse a decision to stop paying a portion of Halliburton Co.'s (HAL.N: Quote, Profile, Research) bills in Iraq and gave the company more time to resolve a billing dispute.

"I just got a phone call putting on hold the 15 percent withhold clause implementation and I don't know why or any of the particulars," said Linda Theis, a spokeswoman for the Army Field Support Command in Rock Island, Illinois.

Earlier on Tuesday, the Texas-based company and the Army said the military had decided to implement from Wednesday a 15 percent withholding on future bills for a logistics contract servicing U.S. troops in Iraq and elsewhere.


http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=5999764&src=rss/topNews§ion=news

[Inland]

1. Fact is, Halliburton has failed to account for so many 100s of millions

that a 15% holdback is nothing. Nothing. It wouldn't even be worth doing the math to figure out how it stole it. Write it off and continue to the next big check.

[steely]

2. But but but they just said on the radio !?!

LOL - I can't take any more. - no further comment except the timing was something else.

[lottie244]

3. I saw on TV 50 billion to Halliburton in contracts? The American public

is being bilked to high heaven.