North America

White House asks Congress for $87.6 billion in Iran war, farm aid spending

White House budget chief Russell Vought asked House Speaker Mike Johnson for $87.6 billion in supplemental spending, most of it to finance the recent Iran war. The package also includes emergency aid for US farmers. The request lands amid already-strained federal budget negotiations.

A military fighter jet flying under an overcast grey sky
A military fighter jet flying under an overcast grey skyPhoto: Kimheng Mam / Pexels
CNBC Top News1 h ago

White House Office of Management and Budget Director Russell Vought formally asked House Speaker Mike Johnson for $87.6 billion in supplemental spending. The bulk of the money would finance the costs of the recently concluded Iran war.

The package also includes emergency aid for US farmers. The administration argues that both the military operation and pressures on the agricultural sector require additional resources beyond the current budget.

The request arrives amid already-strained federal budget negotiations. If Congress approves the package, it would add to deficit pressure, and lawmakers are expected to debate possible offsets and spending cuts in the coming weeks. Farm-state members are likely to push for the agricultural portion.

GeopoliticsRegulationNorth AmericaCNBC Top News
This article is an AI-curated summary of the original story published by CNBC Top News. The illustration is a stock photo by Kimheng Mam from Pexels and is not from the original story.

Read next