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The Latest Breaking News from CBO

Trump’s Iran war bill hits $45.1 billion and counting

The Pentagon estimates the US conflict with Iran has cost $45.1 billion. This figure surpasses earlier Congressional Budget Office projections for the war. The Pentagon's estimate includes war-related expenses and additional fuel costs. However, it does not cover repairs or indirect military operation costs. The conflict's ongoing nature suggests continued…

The Economic Times

Iran war costs US $45.1 billion; fatalities possibly higher than 18 reported by Pentagon

The human and material cost of America’s war with Iran is proving larger than previously disclosed, with the Pentagon telling Congress that the conflict has cost $45.1 billion so far, while a Washington Post report said the number of US military fatalities may also be higher than the Pentagon’s publicly…

The Times of India

Pentagon’s latest Iran war cost estimate: $43.6 billion

The Iran war has cost $43.6 billion as of this month, the highest official estimate to date, the Pentagon told Congress’ defense oversight panels this week. The cost estimate comes as polls show Americans increasingly oppose the war, partly over its impact on the economy, and the issue is looming…

Roll Call

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Republicans held more than 30 hearings on Benghazi. They haven’t held any specifically on Trump’s Iran war

More than 200 days into the conflict, congressional Republicans have yet to hold single standalone public hearing

The Independent UK

Pentagon Auditors Say the Iran War Has Cost $33 Billion. The Real Price Tag Is Far Higher.

The Congressional Budget Office says the inflationary consequences of the war will be felt well into 2027.

Reason

US House Moves To Pull Forces From Iran as Seven Republicans Join Democrats as Costs Climb Past $38B

The House has again voted to direct Donald Trump to end US hostilities against Iran, while a new estimate puts Pentagon costs at $38 billion as legal and political disputes continue.

International Business Times UK

Trump may insist war in Iran is 'small potatoes'—but it's costing $3 billion a month, on top of $38 billion already spent, reports budget watchdog

These funds reflect the cost of replacing expended munitions and equipment lost in battle, the CBO wrote, as well as increased flying hours, increased fuel costs, and "other operations."

Fortune

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Iran 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

Iran war cost hits $38 billion, forecast to rise $3 billion a month, CBO says

The six-month U.S. war against Iran has cost $38 billion through August 1, with expenses projected to rise by $3 billion monthly, the Congressional Budget Office said. The conflict has depleted munitions stockpiles, raised energy prices and could increase inflation by 0.5% in early 2027, straining US defence readiness and…

The Economic Times

US House votes for third time to end Iran war after $38bn cost is revealed

Damaging budget report estimates cost will grow by $3bn per month and stockpiles of weapons could take five years to rebuild

The Guardian - US

Iran war has cost $38 billion and counting, CBO says

The Iran war directly cost the Pentagon $38 billion through July and is likely to consume $2 billion to $3 billion more per month if recent hostilities in the region continue, the Congressional Budget Office reported Tuesday. The CBO report’s estimate of the war’s direct impact on the federal budget is…

Roll Call

You’re going to pay more for health insurance in 2027 as employers see costs jumping for the fifth straight year

Health insurance costs are rising so fast they could eat into workers’ paychecks next year, according to a survey of 1,800 U.S. employers

Fortune

Trump Wants To Send Americans $5,000 If Republicans Win The Midterms. Questions About The Deficit Arise.

The president tied a new "Trump dividend" to Republicans keeping control of Congress, a payout that would cost more than $1.2 trillion if extended to every adult citizen.

International Business Times

As Treasury shells out $95 billion a month in interest to cover deficits, Trump pitches $1.3 trillion payout to voters if Republicans win midterms

For the past 11 months, the CBO reported yesterday, the U.S. Treasury has spent $1.05 trillion servicing national debt—approximately $95 billion every month.

Fortune

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Latin Times

As U.S. Debt Pierces $40 Trillion, a $6 Billion-a-Day Borrowing Habit Drives Push for Spending Cap

U.S. debt hit $40 trillion this week. A House GOP chairman says daily interest now tops defense spending — and wants states to force a fix.

Reason

Planned New Battleships Come With a High Price Tag and an Uncertain Future

Large warships could prove to be expensive drone sponges without a clear mission.

International Business Times UK

America's Debt Hits $40 Trillion: Over $1T Interest Bill Nearly Matches Defense Spending

US national debt surpasses $40 trillion: find out why annual debt payments now exceed Pentagon spending and what it means for American mortgage rates.

International Business Times

America's $40 Trillion Debt Milestone Is Coming Earlier Than Expected. Interest Costs Are Surging.

The acceleration of the national debt comes partly from an unexpected drop in federal revenue after the Supreme Court struck down President Donald Trump's "Liberation Day" tariffs.

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Benzinga

Rand Paul Blasts $432 Billion Record Deficit as National Debt Nears $40 Trillion: 'Time for Washington to Get Serious'

Sen. Rand Paul (R-Ky.) has demanded action on federal spending after the U.S. government posted a record $432 billion budget deficit for July.

TechRadar

US Navy's new "Trump class" nuclear-powered program could hit $275 billion — with the first ship alone costing an eye-watering $23.4 billion

US Navy's proposed Trump-class program could cost $275 billion while demanding unprecedented shipyard output despite persistent construction delays and rising costs.

Medical Daily

A Stalled Senate Bill Would Add $833 a Month for Veterans Who Need Daily Help

H.R. 6047 would add $833.33 monthly for veterans receiving VA aid and attendance allowances. It passed the House and is stuck in the Senate.

Fortune

Interest on national debt now costs Treasury $3 billion a day, finds the CBO—after U.S. spends $10 billion propping up the currency of its top lender

The CBO reported that net interest on public debt totaled $963 billion between October 2025 (when the fiscal year begins) and July 2026.

Fortune

Trump's $200 billion tariff hit swells budget deficit to $2.1 trillion for 2026, CBO confirms

A major tool for deficit reduction—Trump’s IEEPA tariff regime—is unconstitutional.

Benzinga

Top Economist Says Washington Can’t Fix Its Own Debt Addiction, Calls for Constitutional ‘Debt Brake’ to Stop $40 Trillion Crisis

Johns Hopkins economist Steve Hanke says Washington cannot discipline its own borrowing and argues that only a limited Article V Constitutional Convention focused on fiscal responsibility can halt America’s debt buildup by allowing states to propose a binding "debt brake" amendment.

Medical Daily

A Bipartisan Hepatitis C Elimination Bill Is Stalled in the Senate Over Its Congressional Budget Office Score

A bipartisan bill to expand hepatitis C testing and treatment has stalled in the Senate over a CBO cost estimate its sponsors call disappointing.

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