Trump Admin Spent $5.6B on Iran Strikes, More Funding Needed

0:00From geopolitics to global markets. This is global news today. The Trump administration revealed it's been $5.6 billion on munitions during the first two days of airstrikes against Iran. This information came in a report shared with congressional committees. The strikes began on February 28, alongside Israel, marking a major escalation in the region. lawmakers are worried about the rapid drain on U.S. military stockpiles. The defense industry already faces challenges meeting demand, and this conflict could worsen shortages just as Congress debates more funding. President Trump met with executives from seven top defense contractors on Friday. Meanwhile, the Pentagon is rushing to restock supplies amid the ongoing operations. No official public tally of total war costs has been released yet. Congressional aides note the White House has not detailed expenses so far. Those expected funding requests soon, possibly for $50 billion or more. Some say that figure might even be too low, given the pace of spending.

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