Search Everything in One Place

Explore the web, images, videos, news, and more – all in one place.

News

Pete Hegseth tells Senate Iran war has cost $37.5 billion as he seeks billions more: 'Without these funds, we face critical shortfalls'

Secretary of Defense Pete Hegseth speaks at a White House press briefing after a Black Hawk helicopter collided with American Airlines flight 5342 by DCA airport.
Secretary of Defense Pete Hegseth speaks at a White House press briefing after a Black Hawk helicopter collided with American Airlines flight 5342 by DCA airport.

The Pentagon has raised its official estimate for the cost of the U.S.-Israel war against Iran to $37.5 billion, as Defense Secretary Pete Hegseth defended a broader request for nearly $70 billion in supplemental war funding during a Senate hearing. Pentagon Raises Official Iran War Cost To $37.5 Billion On Tuesday, appearing before the Senate Appropriations Committee, Hegseth said the war has cost an estimated $37.5 billion so far, marking an...

The Pentagon has raised its official estimate for the cost of the U.S.-Israel war against Iran to $37.5 billion, as Defense Secretary Pete Hegseth defended a broader request for nearly $70 billion in supplemental war funding during a Senate hearing.

Pentagon Raises Official Iran War Cost To $37.5 Billion

On Tuesday, appearing before the Senate Appropriations Committee, Hegseth said the war has cost an estimated $37.5 billion so far, marking an $8.5 billion increase from the Trump administration’s previous estimate of $29 billion released in May, Al Jazeera reported.

“The estimate we have as of today is $37.5 billion,” Hegseth told lawmakers, adding that the figure includes certain operations and maintenance costs through the end of September, though he did not provide a detailed breakdown.

The updated estimate comes as the Pentagon seeks nearly $70 billion in supplemental funding tied to the Iran conflict as part of President Donald Trump’s proposed $1.5 trillion defense budget.

Calling the funding request essential, Hegseth told senators, “Without these funds, we face critical shortfalls,” describing the supplemental package as an “urgent, necessary” investment in national defense, noted Fortune.

Democrats Challenge Pentagon’s Spending Request

The hearing grew contentious as Democratic lawmakers questioned both the rising cost of the conflict and the administration’s broader defense spending priorities.

Sen. Patty Murray criticized the expansive budget proposal, noting that it also includes funding for National Guard deployments in Washington, D.C., border security operations and military missions targeting alleged drug smugglers in the Caribbean.

“So I’ll be blunt,” Murray said. “The truth is, your request does not make a lot of sense.”

The hearing was interrupted multiple times by protesters, days after the Pentagon announced that three additional U.S. service members had died in the conflict, bringing the total American death toll to 17, while more than 100 troops have been injured since early July.

Political Divide Deepens Over Iran War

Senate Republicans defended the defense package on X, arguing it would boost military pay, improve housing and expand recruiting, while accusing Senate Democrats of blocking the legislation.

Meanwhile, Sen. Chris Van Hollen (D-Md.) wrote on X that the hearing confirmed the Iran conflict is “a war in search of a mission,” adding, “This war must end, NOW.”

Rep. Haley Stevens (D-Mich.) also criticized the administration on X, saying Americans are “paying the price for Trump’s war as costs continue to rise,” while questioning whether the growing military expenditures are making the country safer.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo Courtesy: Joshua Sukoff on Shutterstock.com

This article Pete Hegseth Tells Senate Iran War Has Cost $37.5 Billion as He Seeks Billions More: 'Without These Funds, We Face Critical Shortfalls' originally appeared on Benzinga.com.

Read full story on Benzinga

Related News

More stories you might be interested in.

Bernie Sanders says critics were wrong after report reveals US-China AI talks: 'Better late than never'
Benzinga·1 hour ago

Bernie Sanders says critics were wrong after report reveals US-China AI talks: 'Better late than never'

On Tuesday, Sen. Bernie Sanders (I-Vt) argued that his earlier push for U.S.-China cooperation on artificial intelligence has been validated after reports emerged that Washington and Beijing are preparing for formal AI talks. Sanders Says US-China AI Dialogue Vindicates Earlier Position Sanders took to X and highlighted a reversal by critics who opposed his call for international AI cooperation. “3 months ago, I was told how wrong I was for...

SK Hynix dismisses Intel Ohio buyout report: 'We have no plans for an acquisition'
Benzinga·1 hour ago

SK Hynix dismisses Intel Ohio buyout report: 'We have no plans for an acquisition'

SK hynix Inc SKHY said Tuesday it has neither pursued nor decided to acquire Intel Corp‘s INTC Ohio semiconductor campus, denying a media report that claimed the South Korean memory chipmaker was in talks to buy the site. SK hynix Responds to Korea JoongAng Daily Report SK hynix issued the clarification in a Korea Exchange filing after Korea JoongAng Daily reported that the company was negotiating to acquire the Ohio campus to establish...

China Pharma Holdings stock is trending — CPHI soars nearly 700% on Tuesday, adds 10% after hours
Benzinga·1 hour ago

China Pharma Holdings stock is trending — CPHI soars nearly 700% on Tuesday, adds 10% after hours

China Pharma Holdings, Inc. CPHI shares are trending on Tuesday night. Shares of the pharmaceutical company jumped 9.74% to $8.89 after the bell on Tuesday. This surge in the late trading session follows an intraday rally of 694.12%, where the stock closed at $8.10, according to Benzinga Pro data. CPHI experienced an exceptionally elevated trading session on Tuesday. Volume reached 93.61 million shares, more than 21 times the stock’s average...

Benjamin Netanyahu to make a comeback as Israel's prime minister after October elections? Crypto prediction markets say no
Benzinga·1 hour ago

Benjamin Netanyahu to make a comeback as Israel's prime minister after October elections? Crypto prediction markets say no

Benjamin Netanyahu is not cryptocurrency punters’ favorite to come back to power in Israel, while his main challenger, Gadi Eizenkot, is seen as the frontrunner. A Change Brewing In Israel? Polygon (CRYPTO: POL)-based Polymarket priced in a 37% chance of Netanyahu becoming Prime Minister once again after the October elections, with 51% odds in favor of Eisenkot, the former chief of staff of the Israel Defense Forces. Netanyahu’s odds have stayed...

Top