BRITNEY RAGES AT KEVIN’S $1M SPREE

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By ELLEN GOODSTEIN

Britney Spears is furious that hubby Kevin Federline is recklessly spending her money to record his debut CD, which he hopes will kick-start his singing career.

A source close to the couple estimates that Kevin, 27, has already spent over $1 million of his wife’s loot with no end in sight.

“Kevin’s like a runaway freight train when it comes to blowing Britney’s money,” the source said.

Britney, 24, has already built Kevin a $400,000 music studio in their Malibu mansion. He used her money to fly in several music producers and each recording session with them costs $40,000. The source also said he has hired a musician at $5,000 a day and is forking out $4,000 to buy the beat or melody for each track.

Kevin’s spending infuriates Britney, says the source. But she’s even more annoyed that she has practically been banned from his recording sessions.

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