U.S. Spending on Iran Conflict Exceeds $38 Billion, CBO Reports

Why it matters locally: While the report focuses on national spending, Hawaii, as a state with a significant military presence, contributes personnel and resources to U.S. defense efforts, meaning these national expenditures have an indirect connection to the state's residents and economy.

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WASHINGTON – The Congressional Budget Office (CBO) reported that the United States has spent more than $38 billion on the Iran conflict. These costs largely stem from replacing munitions and equipment used or lost during the fighting, the CBO stated. The report specifies that the $38 billion figure does not include several categories of expenses. It omits costs associated with U.S. military personnel killed or injured in the conflict. Additionally, the CBO's estimates do not account for longer-term effects or subsequent financial implications.