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

Why it matters locally: While the direct economic impact on North Dakota is not immediately clear, federal spending on conflicts can influence national economic policies, including those that might indirectly affect the state's industries or federal funding allocations.

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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.