Cost of Trump's war exceeds $100 billion — and there's no plan to pay the bill: analysis

A new analysis estimated that President Donald Trump racked up a $103 billion bill for the Iran war in 120 days.According to an analysis by Popular Information, the Trump administration has no plan to pay for the Iran war, and neither do congressional Republicans.The analysis found that over four months, the U.S. spent more than $103 billion on the war in Iran, based on budgetary costs such as operations, personnel, and matériel. It also noted that Russell Vought, the director of the Office of Management and Budget, told the House Appropriations Committee last week that the U.S. has spent $30 billion on the war.According to Popular Information, expenses for weapons such as missiles, interceptors, and bombs total about $46.7 billion, making it the highest cost. The other major expenses included operations such as mobilization, administration, and combat, which cost $28.5 billion, and losses such as damage or destruction of military assets, which cost $20.3 billion, per the analysis."The Trump administration has offered Congress lowball war cost estimates," Popular Information noted. In May, Pentagon comptroller Jay Hurst and Defense Secretary Pete Hegseth testified that the war cost only $29 billion. In April, the estimate was $25 billion.The Trump administration and congressional Republicans are declining to pay for the war costs through tax increases or spending cuts, according to Popular Information, which included a quote from House Appropriations Chair Tom Cole (R-OK) saying, "War is never paid for when you fight it."However, taxes were levied to pay for the costs of World Wars I and II, Popular Information noted.

Trump Backs Ukrainian Strikes Deep Inside Russia

Plus, Iran faces a second day of U.S. strikes, and a wall built to protect a golf course causes an uproar.

It's On: Trump Orders New Strikes on Iran to Protect Ships in Strait of Hormuz

'Let's Just Finish the Job': Trump Confirms Iran Strikes to Likely Come Wednesday Night

Daily on Energy: Ceasefire over, Trump backs Texas transmission, and Arizona mining

WHAT’S HAPPENING TODAY: Good afternoon and happy Wednesday, readers! President Donald Trump announced that the ceasefire in Iran has ended, following the U.S. and Iran exchanging attacks overnight. The president also threatened to continue launching strikes at Iran. The escalation in the Middle East has sent oil prices back up. 🛢️🇺🇲🇮🇷 In other news, the […]

Oil Climbs as Trump Threatens Iran Strikes, Blockade | Bloomberg Businessweek Daily 7/8/2026

Today, Bloomberg's Tyler Kendall reports the minutes from the first FOMC meeting of Kevin Warsh's tenure as Fed chair. Then, Bloomberg Economics senior geoeconomics analyst Adam Farrar breaks down oil market reaction as the US threatens more strikes against Iran and a renewed blockade of the Strait of Hormuz. Plus, Stephanie Roth, chief economist at Wolfe Research, reacts to news that some Fed members initially saw the case to hike rates despite eventually falling in line with fellow committee members in holding rates. Then, Brian Dobson and Greg Pendy from Clear Street discuss their SpaceX buy rating and where they see the stock going. Finally, Bloomberg 'Business of Sports' podcast co-host Vanessa Perdomo-Maglione talks the Unites States' exit from the World Cup and the future of soccer in the US. (Source: Bloomberg)

Trump asks Supreme Court for rehearing over $5M E Jean Carroll civil judgment

Lawyers for Trump filed a rehearing petition after the Supreme Court rejected his appeal of the $5 million E. Jean Carroll civil judgment last week.

'Now you've FORCED us': Homan says NY governor's effort to protect illegal aliens will BACKFIRE in Glenn Beck interview

Border czar Tom Homan said the efforts by Democrats in New York to protect illegal aliens from deportation are going to backfire very soon. During an interview with Blaze Media co-founder Glenn Beck, Homan argued that the sanctuary city policies made everything worse for the public as well as the immigrant community. 'It results in more agents in the streets, it results in more collateral arrests, and it's a community safety issue, when you release a public safety threat back into the public.' He said the Justice Department was filing lawsuits to combat the sanctuary city policies and then held up Minnesota as a successful example of local authorities cooperating with federal law enforcement. "The way we fixed Minnesota, we gained support from the local sheriffs so we can arrest the bad guy in the safety and security of a jail, which is safer for the agent, safer for the alien, and safer for the community," Homan said. He said this led to "unprecedented support" from Minnesota officials and safer detentions and removals. Homan said he tried to explain the same to New York Gov. Kathy Hochul, a Democrat. "I explained this to Governor Hochul. And I said, 'When you force us into the street, we gotta send teams out there to do that.' And when we find the bad guy, which we will, many times they're with others, others that are in the country illegally. May not be a public safety threat, but they're coming too.""It results in more agents in the streets, it results in more collateral arrests, and it's a community safety issue when you release a public safety threat back into the public," he added. When Beck asked how Hochul responded, Homan laughed and said she signed the sanctuary policies despite his warning. "And that's why I told her, 'OK, now you've forced us to send more agents to New York to enforce immigration law, when it would have taken less because you took the efficiencies of the jail away,'" he continued. "And what she's ignoring is the fact, now we can't rent a bed from the sheriff," Homan said. "So every illegal alien we arrest in New York will be immediately put on an airplane and sent out of the state. How does that benefit the immigrant community?""They have no access to their family because we moved them out of state," Homan continued. "So, this wasn't about protecting the immigrant community. This is about her supporting sanctuary policy."RELATED: California Democrat calls for ICE to be abolished after 'record' illegal alien arrestsNew York Gov. Kathy Hochul's attempt to protect illegal immigrants just completely backfired, @RealTomHoman tells me. Here’s what will happen next:“What sanctuary cities are causing, because of their policies, is we're going to flood the zone.I told her, ‘Okay, now you've… pic.twitter.com/Ceg0JnJ3gj— Glenn Beck (@glennbeck) July 7, 2026 He concluded that the administration is forced to respond with a surge into New York. "What sanctuary cities are causing, because of their policies, is we're going to flood the zone," Homan said. "All these new resources are going to be assigned to sanctuary cities because that's where the problem is. We don't have that problem in Florida. We don't have that problem in Texas. The sheriffs and chiefs are working with us," he added.Homan also recently revealed that ICE had arrested a record 10,000 illegal aliens in a five-day period, and the agency was ramping up to increase those arrests even further. Like Blaze News? Bypass the censors, sign up for our newsletters, and get stories like this direct to your inbox. Sign up here!