White House budget chief Russell Vought won't estimate Iran war cost in testimony

Understand this faster with AI
White House Office of Management and Budget Director Russell Vought told lawmakers he could not estimate the total cost of the Iran war and that the Trump administration hadn't yet come up with a supplemental funding request to send to Congress."We're not ready to come to you with a request; we're still working on it. We're working through to figure out what's needed in this fiscal year versus next fiscal year," Vought told members of the House Budget Committee on Wednesday."Do you have a ballpark? Will it be more than $50 billion?" Rep. Veronica Escobar, D-Texas, asked."I don't have a ballpark for you, congresswoman," Vought said.Professor Linda Bilmes, a public policy professor at Harvard University's Kennedy School, published an analysis this month that found the war could cost taxpayers $1 trillion.Vought was testifying on President Donald Trump's fiscal 2027 budget request, which calls for $1.5 trillion in defense spending — a 44% increase — and a 10% cut to nondefense spending.More than a month into the war, its total cost is still unclear, though the Trump administration is likely to request additional funds from Congress for the ongoing conflict.
The Washington Post reported last week that the White House could seek between $80 billion and $100 billion, down significantly from the $200 billion the Pentagon initially proposed to the White House in March.Defense Secretary Pete Hegseth said at the time, "It takes money to kill bad guys."Got a confidential news tip? We want to hear from you.Sign up for free newsletters and get more CNBC delivered to your inboxGet this delivered to your inbox, and more info about our products and services.© 2026 Versant Media, LLC.
All Rights Reserved. A Versant Media Company. Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Data also provided by
Source Information
Discussion
0 professional contributions
Sign in to join this professional discussion.
Be the first to add a constructive contribution.
