White House Adviser: Iran War Cost Over $12 Billion So Far

Kevin Hassett, chief economic adviser at the White House, said the ongoing war with Iran has cost the United States about $12 billion so far, adding that the administration currently has sufficient funding to continue military operations.

In an interview with CBS, Hassett said the U.S. government still has the weapons and resources needed to carry out the mission, noting that any request for additional funding from the United States Congress would be reviewed by the administration’s budget office “at the appropriate time.”

He added that estimates from the United States Department of Defense indicate the military campaign is expected to last between four and six weeks to achieve its objectives. According to Hassett, the progress of operations is currently ahead of schedule.

“We are roughly in the first two weeks, which gives a clearer idea of when the president may decide that the objectives have been achieved,” he said.

Hassett also downplayed concerns about the impact of the conflict on the U.S. economy, arguing that the country has strong economic momentum and ample oil supplies.

“The United States has a great deal of economic strength and abundant energy resources,” he said, adding that the end of the war could provide a significant positive shock to the global economy.

His remarks come as lawmakers in Congress prepare for the possibility that the administration may seek additional funding for the military campaign, while officials continue to assess the economic and defense requirements associated with the ongoing operations.