Reports: Iran War has cost the US more than $38 billion, tell me about this news in (https://www.wdsu.com/article/reports-iran-war-cost-us-more-than-38-billion/73763766)

The news report details the financial, military, and economic toll of the U.S. military operations against Iran, based on findings released by the nonpartisan Congressional Budget Office (CBO) alongside related assessments:

Financial Costs

• Direct Pentagon Spending: The CBO estimates that the U.S. Department of Defense expended over $38 billion between the start of hostilities on February 28 through August 1. Later Pentagon estimates provided to Congress placed the figure above $42 billion.

• Ongoing Expenses: The conflict is projected to cost an additional $2 billion to $3 billion per month, depending on combat intensity.

• Spending Breakdown: The largest share of the expensesroughly $21.7 billionhas gone toward replacing expended munitions, which includes $13.1 billion for missile-defense interceptors and $7.3 billion for land-attack cruise missiles. Other costs include higher fuel usage, increased flight hours, and replacement of lost equipment.

Military Stockpile Depletion

• Both the CBO and a Pentagon Inspector General report raised alarms over severe inventory depletion.

• The U.S. is estimated to have consumed between half and two-thirds of its missile-defense interceptor stockpiles, creating strategic supply shortfalls that could take up to five years or more to replenish.

Economic and Domestic Impact

• Energy Disruptions: Attacks and instability affecting maritime transit in the Strait of Hormuz and the Red Sea have led to increased global fuel prices and energy shipping bottlenecks.

• Inflation: The CBO projects the economic ripple effects will add approximately 0.5 percentage points to headline U.S. inflation heading into early 2027.

• Political Debate: The figures were released following an inquiry by House Budget Committee ranking member Rep. Brendan Boyle, sparking domestic debate over federal spending priorities, particularly as the administration seeks additional supplemental funding from Congress to support the military campaign.