NPR reports<\/a> the request arrives as U.S. forces remain engaged in active combat with Iran, burning through Pentagon reserves at an estimated $1.2 billion per week. A separate emergency war supplemental is expected before Congress in late April or May. The Committee for a Responsible Federal Budget estimated the proposal would add $6.9 trillion to the national debt over 10 years, once interest costs are included. Federal Reserve Chair Jerome Powell warned separately that the debt trajectory \u201cwill not end well if we don\u2019t do something fairly soon.\u201d<\/p>\n <\/p>\n
Democratic Senator Patty Murray said she refuses \u201cto provide a blank check to the Pentagon,\u201d adding the department\u2019s challenge is efficient spending, not funding volume. Republicans control both chambers but need to pass the reconciliation vehicle this year \u2014 with midterm elections approaching in November.<\/p>\n
Market Implications<\/h2>\n
A budget of this scale, built on deficit spending during active military engagement, adds materially to inflation risk across global markets. As escalating military costs and oil supply disruption from the Iran conflict compress monetary policy options, investors in all asset classes \u2014 including digital assets \u2014 are recalibrating. The DeFiance CEO warned months ago that Middle East escalation would hit supply chains and financial markets in ways that would ripple broadly. Meanwhile, surveys show that 72% of financial institutions now classify digital assets as essential \u2014 a baseline that makes crypto markets increasingly sensitive to the macro signals this budget transmits.<\/p>\n
<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
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