Jun. 25 at 4:42 PM
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White House requests
$87.6 billion supplemental spending for Iran war, farm aid
Trump wants Congress to sign off on another
$87.6 billion in spending, mostly tied to the Iran war. The catch? He's not proposing spending cuts anywhere else or higher taxes to cover the bill. So the government will likely borrow more money, and critics argue that eventually the Fed ends up helping finance all this, which can add to inflation. In plain English: instead of getting a tax bill in the mail, Americans may get the same bill disguised as higher prices at the grocery store, the gas pump, and just about everywhere else.
The song remains the same. Its already a viscous cycle that is past the point of no return.
Take a look at what 75% to 90% of Americans wallets are saying, it's real disposable income has turned negative for the 1st since 2022. & Warsh is not a Volcker type of guy & in 4-5 wks we all get to hear from him again
https://www.cnbc.com/2026/06/24/iran-war-supplemental-trump-congress.html
