Washington — The true price tag of the Iran war is closer to $50 billion, U.S. officials familiar with internal assessments told CBS News, roughly double the public estimate the Pentagon cited in congressional testimony this week. In testimony Wednesday on Capitol Hill, a Pentagon official placed the cost of the Defense Department’s Operation Epic … Read more
Ford Motor said on Wednesday it expects to collect $1.3 billion in U.S. government refunds for tariffs illegally imposed by the Trump administration. The Detroit automaker raised its annual guidance by $500 million, citing the projected one-time tariff boost. In February, the Supreme Court struck down tariffs President Trump authorized last year under the International Emergency Economic … Read more
The Trump administration is spending nearly $2 billion to get energy companies to walk away from U.S. offshore wind projects. Democrats in Congress are investigating. The Republican administration adopted this strategy after federal courts thwarted President Donald Trump’s efforts to stop offshore wind development through executive action. Three agreements have been announced. U.S. Reps. Jared … Read more
A top Pentagon official on Wednesday said that the cost of the ongoing U.S. war with Iran is estimated to be $25 billion so far, as the conflict nears a 60-day mark. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The cost estimate came from acting Pentagon Comptroller … Read more
The cost of the conflict in Iran is about $25 billion at this point, according to an estimate from the acting comptroller Jules Hurst, who revealed the number in testimony before the House Armed Services Committee Wednesday. Hurst is appearing alongside Defense Secretary Pete Hegseth and Chairman of the Joint Chiefs of Staff Gen. Dan … Read more
Pentagon says Iran war has cost $25 billion so far Source link
A group of budget airlines, including Frontier and Avelo, has asked the U.S. government for a relief package amid Spirit Airlines’ negotiations for a loan, a Wall Street Journal report says. CBS News’ Shanelle Kaul has more. Source link
NEWYou can now listen to Fox News articles! FIRST ON FOX: A new pair of reports is shedding fresh light on how teachers unions across the country have quietly poured more than $1 billion into political causes over the past decade, with a top education watchdog warning the spending reflects a growing focus on activism … Read more
The lawsuit seeks to oust Sam Altman and claw back billions, testing legal theories about nonprofit governance. Source link
A federal judge is asking the Justice Department and President Donald Trump’s private attorneys to explain whether his $10 billion lawsuit against the Internal Revenue Service, an agency he oversees as president, is the type of dispute federal courts can consider. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive … Read more