Billions can be saved in US defence budget:
Senator John McCain, the top Republican on the Senate Armed Services Committee, said billions of dollars could be saved from the US defence budget by cutting lawmakers' pet projects, known as earmarks, and fixing troubled arms programmes.
The US 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.