Bloomberg Politics

Hegseth Grilled on Defense Spending as Iran War Drags On

May 12, 2026Center

Lawmakers with oversight of Pentagon spending pressed Defense Secretary Pete Hegseth on Tuesday over the growing costs of the Iran war, as President Donald Trump suggested a fragile ceasefire with Tehran could break down.

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Pentagon Puts Iran War Cost at $29 Billion as Hegseth Deflects on Funding

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May 12, 2026

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The estimate from the Defense Department’s top budget official was $4 billion higher than two weeks ago. Secretary Pete Hegseth declined to say when the administration would request extra money for the Iran conflict.

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Watch live: Hegseth, Caine testify before House on Iran, defense budget

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Watch live: Hegseth, Caine testify before House on Iran, defense budget

Defense Secretary Pete Hegseth and Joint Chiefs of Staff Chair Dan Caine will testify before the House Appropriations Committee on Tuesday morning on the President Trump’s fiscal 2027 $1.5 trillion budget request for the Pentagon. The hearing comes as the fragile U.S.-Iran ceasefire is under pressure, with both sides rejecting proposals to end the war.…

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