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Cheney's aides defend lack of ties

Vice President Dick Cheney denies having any ties to the energy conglomerate Halliburton Co.

Halliburton Co. won the contract to rebuild Iraq after America's attack on the country.

The reconstruction contracts total over $1.7 billion.

Cheney denied having any ties with the company that employed him prior to his vice presidential campaign.

Democrats pointed out that Cheney still has unexercised stock options with the company, but in 2001 Cheney said he would donate profits minus taxes to three charities.

Cheney's communication director Catherine Martin asserted in a statement the hundreds of thousands of dollars of deferred salary payments the vice president still receives from the company are not ties to Halliburton. She said Cheney took out a $15,000 insurance policy to ascertain he will still be paid regardless of how well Halliburton does or if it stays in business.

-- Compiled by Christine Wallace

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