US President George W Bush has vetoed a Congressional bill that would have linked war funding to a timetable for withdrawal of US troops from Iraq.

Speaking in Washington after signing the veto, Mr Bush said setting a deadline for withdrawal would be “setting a date for failure” in Iraq.

He said the funding was needed to give time for the new strategy of a surge of reinforcements in Baghdad to succeed.

Mr Bush said he would seek a compromise with Congressional leaders.

It is only the second time since taking office that Mr Bush has used the presidential veto.

Earlier on Tuesday, leaders of the Democrat-controlled US Congress signed the controversial bill agreeing to $100bn (£50bn) in further funding on condition US combat troops begin to withdraw this year.

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