  Halliburton was denied additional time to tell the US army where the hell all our tax dollars have gone. The way it works is that government contractors cannot be paid more than 85% of their innvoices until the account for their costs. This rule had already been waived twice for Halliburton and it's subsidiary, Kellog, Brown & Root. A spokeswoman for Halliburton, Wendy Hall, said that company officials thought they had an extension "based on clear oral assurances from senior Pentagon representatives. " She also said "we believe these issues will be resolved in our favor. " Ms. Hall also had to mention this audit question is only gaining media attention because it's an election year.
I love when people just throw that into the mix. It must be part of their "press release templates". However, because of the contracts they have with their subcontractors, Halliburton will withhold payments to them. At least, though, Halliburton was finally called to task for their creative bookeeping in Iraq. Creative bookeeping at our expense mind you. Last week Halliburton was also fined 7.5 million, a mere drop in the bucket for them, by the SEC for their creative account practices that tried to boost its profits back in 1998, when Cheney was CEO.
Cheney was not implicated in the SEC's findings. He was only the CEO. How about this? A former CEO of major defense contractor now a hawkish vice president. That same company now has the 8 billion in contracts in Iraq, some of them being no-bid contracts. One should also note that Halliburton has contributed almost $800,000 in the past 4 years, 95% to republicans.
Like I often say, just follow the money. Halliburton is also the largest recepient of contracts in Iraq. They have also been a company that has been accused by members of congress of overcharging and overspending, most notably Rep. Henry Waxman of California. Rep Waxman has definately been a thorn in the side of the Bush Administationin, the now defunct CPA in Iraq and major contractors such as Halliburton. But it's very difficult work because when a major corporation has ties to the very top levels of government, as Halliburton does, it's going to be hard for others, both in and out of government, to hold them accoutable for there actions. There are people who are against welfare and other programs that assist other people in need , because they claim they are cheats, you know, the "welfare queens".
These same people should be outraged tenfold then that tax dollars are going to big conglomerate corporations like Halliburton, with their offshore tax shelters, that are padding the bill and moving numbers around. 
