In a stroke of good judgment, the House has decided that oversight of $38 billion in Iraq reconstruction funds is, in fact, something that should be conducted beyond next year. CQ (no link): The House by voice vote cleared S 4046, to extend the term of a special inspector general for Iraq reconstruction until 10 months after 80 percent of Iraq reconstruction funding has been spent -- a threshold expected to be reached in late 2008. A provision of the fiscal 2007 defense authorization law set Oct. 1, 2007, as the end of the inspector general's term. Update: $30 billion figure updated to $38 billion to reflect latest CBO report