Iran war costs $38 billion as CBO warns of higher inflation, depleted weapons
The nonpartisan agency describes the consequences of the war that will persist.
By Steven Beynon and Lauren Peller, ABC News
The war with Iran has cost the United States at least $38 billion through the end of July and is expected to further push inflation higher for American households, according to a nonpartisan Congressional Budget Office (CBO) assessment released Tuesday.
The CBO also warned that depleted weapon stocks could take a half decade or longer to rebuild, crippling the Pentagon’s ability to respond to another major conflict.
