CBO says Iran war driving up inflation, puts price tag at $38 billion

Two independent reports from the Congressional Budget Office and the Pentagon’s inspector general reveal the significant costs of the war in Iran, highlighting shortages in U.S. weapons, supply chain issues, and a financial burden exceeding $30 billion. The reports detail extensive damage to U.S. military bases and equipment, including the destruction of hundreds of buildings and around 60 aircraft, with Reaper drones and manned aircraft among the losses. The Congressional Budget Office estimates the war’s cost at $38 billion, while the Pentagon’s inspector general reports over $33 billion, aligning closely with previous figures. These costs, primarily driven by weapons and airstrikes, are contributing to rising inflation in the U.S. QUESTION: How might the financial and resource strain from the war in Iran impact future U.S. military and economic policies?