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newsMar 22, 20261:30

Trump Seeks $200B for Iran War, Despite Congress Pushback

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U.S. Treasury Secretary Scott Bessent confirms ample funds for the war against Iran, but the military seeks additional cash. President Trump is bolstering forces, and the request is for around two hundred billion dollars. However, lawmakers, including Democrats and some Republicans, are opposing the move due to recent defense boosts and the escalating costs of the war. Meanwhile, the administration has eased sanctions on oil from Iran and Russia to prevent price surges and limit revenue for these nations.

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Trump Seeks $200B for Iran War, Despite Congress Pushback

Global News Today | 2 Min News | The Daily News Now!

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Global News Today | 2 Min News | The Daily News Now!Trump Seeks $200B for Iran War, Despite Congress Pushback. Machine-transcribed; use the interactive transcript above to jump the player to any line.

It's March 22nd. Global news today starts now, AI powered, and always on. US Treasury Secretary Scott Besan says the government has plenty of money to keep funding the war against Iran right now. Still, the military is asking Congress for extra cash to stay well stocked for the long haul. This comes as President Trump builds up forces like he did in his first term. The request is for around $200 billion, but the exact figure isn't said in stone yet. Trump hasn't even sent the formal ask to Congress, and Besan may clear there won't be any tax hikes to cover it. Defense Secretary Pete Hegsiff back the need, pointing to costs from recent actions and what might come next. Lawmakers aren't on board though. Democrats and some Republicans are pushing back hard, especially after last summer's big defense boost of $156 billion tipped into a tax cut package. Early costs from the war's first six days already topped $11 billion, making it the priciest

US conflict since Iraq and Afghanistan. On another front, the administration just ease sanctions on oil from Iran and Russia. Besan says this lets countries like Japan and South Korea buy it instead of just China. It should keep prices from jumping to $150 a barrel and limit extra revenue for those nations. Maybe $2 billion at most. For Russia. As Congress debates the funding and watches oil markets, the focus stays on keeping the military strong without breaking the bank.

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