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(CNN) -- England's Nick Dougherty could salvage a disastrous season as he led the European Masters after the first round but has major winners Rory McIlroy and Martin Kaymer as his nearest challengers at Crans-sur-Sierre.

Dougherty, rated one of the most promising golfers on the European Tour, has missed 21 cuts in a row to slip to 791st in the world rankings, but refound his form Thursday with an eight-under 63 in the Swiss Alps.

U.S. Open champion McIlroy and 2010 PGA Champion Kaymer were two shots back after 65s in the morning rounds, sharing second with England's Gary Boyd and Korean Lee Sung.

In a star-studded line-up, world number two and his stablemate and British Open champion Darren Clarke were tied for eighth after 67s. In an unusual twist, the 29-year-old Dougherty was interviewed by his golf presenter wife Diane after his round and admitted he had not been easy to live with during his unexpected slump.

Editor's note: The 240-page final report of the Commission on Wartime Contracting is online at http://www.wartimecontracting.gov/.

Washington (CNN) -- A nonpartisan panel reporting to Congress says the United States is wasting $12 million a day among contracts issued in support of American efforts in Iraq and Afghanistan.

The Commission on Wartime Contracting spent the past three years documenting whether American funding went where it was supposed to. The findings show misdirected money has totaled between $31 billion and $60 billion, and that both the government and the contractors are to blame for fraud and waste.

Commissioner Katherine Schinasi told reporters at a news conference Wednesday that the numbers don't seem to have an impact on people concerned about spending.

To make it easier to grasp the magnitude of the problem, Schinasi said, "we've broken it down to $12 million a day."

"We are wasting $12 million a day," she said, "maybe that will make a difference."

The study looked at contracts from 2001 through the projected end of fiscal year 2011.