The Congressional Budget Office, a government agency that provides non-partisan budget analysis for the US Congress, compiled the figures.

The money includes $604 billion already spent on the conflicts, CBO Director Peter Orszag told the House Budget Committee. It also includes over $400 for interest payments, as the operations have relied heavily on borrowed funds.

The figure would keep 75,000 troops deployed in Iraq and Afghanistan from 2013 to 2017, just over a third of current deployment. The CBO estimates that reducing troop levels to 30,000 by 2010 would save $485 billion.

The figures include military operations, diplomatic operations, veterans' medical care and survivor benefits, among other costs. They do not include the Pentagon's normal spending, estimated at $450 billion for 2007.

The report was released just days after President Bush increased his 2008 defense spending request to $200 billion and urged Congress to approve the funds before it's holiday recess.

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