Iran war increasing inflation, straining US munitions: congressional report

NEWS SUMMARY

A Congressional Budget Office report released Tuesday found that the six-month war in Iran has cost $38 billion and is projected to increase inflation by 0.5 percentage points by early 2027. The report also estimates that replenishing depleted US munitions stockpiles could take up to five years.

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Report by nonpartisan research body finds that replenishing depleted munitions stockpiles could take up to five years.

Iran war increasing inflation, straining US munitions: congressional report

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