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Military Cost

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Iran war price tag swells to about $50 billion, officials say
world3 hours ago

Iran war price tag swells to about $50 billion, officials say

Internal assessments reviewed by CBS News indicate the Iran war's cost is about $50 billion to date, roughly double the $25 billion Pentagon figure cited in congressional testimony, driven mainly by munitions use and replacement costs (including 24 MQ-9 drones) plus uncertain future base construction and higher fuel costs; experts warn total costs will continue rising.

Congress Splits Over Iran War as Pentagon Cites $25B Price Tag
politics16 hours ago

Congress Splits Over Iran War as Pentagon Cites $25B Price Tag

During a contentious House hearing, Defense Secretary Pete Hegseth faced bipartisan grilling over the Iran war, with lawmakers debating its cost—Pentagon officials say about $25 billion so far—and strategy as the Strait of Hormuz remains blocked. The USS Gerald R. Ford is set to return after a record 10 months at sea, and the session highlighted a $1.45 trillion defense-budget request to fund drones, missile defense, and shipbuilding to counter China, drawing mixed praise from Republicans and warnings from Democrats about a potential quagmire and rising domestic costs.