US President George W. Bush addresses th

Washington, UNITED STATES: US President George W. Bush addresses the Veterans of Foreign Wars(VFW) on the global war on terrorism 10 January 2006 at the Omni Shoreham Hotel in Washington, DC. The Iraq war will likely cost the United States anywhere between one and two trillion dollars, despite earlier assurances by the White House that these expenses would be manageable, according to a new study co-authored by a Nobel Prize winning economist.The research made public 09 January, by Joseph Stiglitz of Columbia University, a 2001 Nobel Prize laureate and former chief economist at the World Bank, and economy professor Linda Bilmes of Harvard University, argues current official assessments of the war cost fail to consider key expenses likely to dog the US budget for years to come AFP Photo/Paul J. RICHARDS (Photo credit should read PAUL J.RICHARDS/AFP via Getty Images)