NEW: Trump’s War in Iran Cost DoD Nearly $40 Billion and Drove Nearly Half of Inflation, According to CBO Report

… <p>The major findings include:</p> <ul class="wp-block-list"> <li>Trump’s war with Iran cost the Department of Defense (DoD) nearly $40 billion as of Aug 1 – without including the cost of damage to “hundreds of buildings and structures at U.S. bases” in the region.&nbsp;</li> <li>The U.S. military will not be able to replace munitions destroyed in the war for at least five years.</li> <li>CBO estimates that more than 40% of inflation from the second quarter of 2026 is a consequence of Trump’s war.</li> <li>CBO estimates that inflation will be 0.5 percentage points higher in the first quarter of 2027 than it would have been without the war—ultimately driving interest rates higher and increasing borrowing costs for American families and businesses.</li> <li>CBO estimates that it will take “at least five years—even if production was increased” to replace the munitions destroyed.&nbsp;</li> …