The Pentagon is requesting $80 billion to cover the costs of the Iran war and related expenses.
PULSE POINTS WHAT HAPPENED: The Department of War is seeking congressional approval for approximately $80 billion to cover the costs of the Iran war. DETAIL: The Department of War’s request was first reported on Thursday by The Wall Street Journal. Deputy War Secretary Stephen Feinberg presented the funding request to lawmakers, highlighting the risk of running out of operational funds within months without congressional action. According to recent Pentagon reports, the cost of the Iran war is already approximately $29 billion, though the true cost may be much higher. In addition to triggering a spike in the price of oil, resulting from the closure of the Strait of Hormuz, a vital chokepoint for global oil exports, the Iran war has…Open
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