CBO Tallies Iran War Costs

What happened

The nonpartisan Congressional Budget Office said the U.S. war with Iran had directly cost the Defense Department about $38 billion through Aug. 1 and would keep costing about $2 billion each month of fighting. It said higher energy costs would add about 0.5 percentage points to inflation in early 2027. The CBO tied much of the cost to replacing missiles and warned depleted interceptor stocks could take at least five years to rebuild. A congressional aide said the Pentagon put the cost above $42 billion on Aug. 13.

How each side covered it

From the left

Left-leaning outlets framed the CBO tally as proof of a growing taxpayer burden, while stressing household and military costs. The New York Times centered the budget scorekeeper’s finding that the war had become a major federal expense. The Guardian lingered on weakened readiness, saying defensive missile stocks were so low rebuilding could take years. CNN tied the war to inflation pressure, especially through energy and shipping costs. The Guardian also cast the report as a midterm problem for Republicans.