Iran war has cost US taxpayers $38B — and counting
Chronological coverage
- First seen15 Sept, 18:26
Iran war has cost US taxpayers $38B — and counting
The Congressional Budget Office said the prolonged military campaign will hit $2 billion to $3 billion a month.
POLITICO Europe•Connor O'Brien
Follow-up15 Sept, 18:42Iran War could cost $2 billion per month, Congressional Budget Office estimates
The Congressional Budget Office estimated the war between Feb. 28 and Aug. 1 has directly cost the U.S. about $38 billion.
CBS News
Follow-up15 Sept, 19:21Iran war costs $38 billion as CBO warns of higher inflation, depleted weapons
The war with Iran has cost the US at least $38B through the end of July and is expected to further push inflation higher, according to a nonpartisan CBO assessment.
ABC News
Follow-up15 Sept, 19:58Iran war costs: $38B, plus $2-3B per month going forward, CBO says
The Congressional Budget Office reported it would take “at least five years” to rebuild the US’ munitions inventories.
Breaking Defense•Carley Welch
Follow-up15 Sept, 21:47Iran war cost US $38bn and significantly depleted missile stockpile, report finds
Damaging budget report estimates cost would grow $3bn per month and stockpile could take five years to rebuild The war in Iran has cost the US at least $38bn and left its stockpile of defensive missiles so depleted it could take five years to rebuild, the non-partisan Congressional Budget Office (CBO) has found, in a damaging report less than two months before midterm elections where the war and the cost of living crisis will likely hurt Republicans at the polls. The economic report comes one day after the Pentagon’s inspector general finally released its own first review of the war, saying that the US spent $22.3bn on munitions alone through 30 June, put total spending at $33.4bn and found the fighting had “resulted in strategic inventory shortfalls and revealed industrial base bottlenecks for munitions resupply”. Continue reading...
The Guardian•Joseph Gedeon and Andrew Roth in Washington
Latest16 Sept, 07:40Iran war has cost the US more than $38 billion so far, says Congressional Budget Office
The nonpartisan Congressional Budget Office reports that up to $3 billion more is being spent on the war each month, depending on the intensity of fighting.
Euronews