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Pete Hegseth Tells Senate Iran War Has Cost $37.5 Billion as He Seeks Billions More: 'Without These Funds, We Face Critical Shortfalls'

Jul 21, 2026 · 09:56 PM ET· updated 2h ago
Pete Hegseth Tells Senate Iran War Has Cost $37.5 Billion as He Seeks Billions More: 'Without These Funds, We Face Critical Shortfalls'

Pete Hegseth said the Iran war has cost $37.5 billion as he defended a nearly $70 billion Pentagon funding request before skeptical senators.

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Why It Matters

The Pentagon is asking Congress for a lot of money—about $70 billion—to keep up military spending. When the government spends big amounts on defense, it affects what money is available for other things and can matter to some companies that work with the military.

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