Tag: severe financial crisis

  • Trump’s war on Iran is rapidly draining US navy budget, documents and interviews reveal

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    https://www.theguardian.com/us-news/2026/aug/27/trump-iran-war-navy-budget

    US navy sailors on the flight deck of the USS Abraham Lincoln as part of Operation Epic Fury, on 28 February 2026. Photograph: US navy/Getty Images

    {Guardian] Exclusive: Experts and former officials say accounts are running dry, and funding a war with no clear endgame is the main challenge

    Donald Trump’s war on Iran has driven the US military into a severe financial crisis, with the US navy forced to transfer money from its payroll and other sources to cover the costs of combat, according to documents obtained by the Guardian, and interviews with navy officials, contractors and defense analysts.

    The US-Israeli operation, which has depleted US munitions stockpiles and prompted retaliatory Iranian strikes that have wrecked strategic bases across the Middle East, is piling pressure on budgets across the military.

    One Pentagon memo about navy funding seen by the Guardian warns that there are “shortfalls in payroll” accounts due to the department “raiding” them to fund combat operations.

    When Trump started the war on 28 February, it quickly strained the military’s existing budgets – particularly that of the navy, which not only helped launch the initial wave of attacks but was later responsible for an extensive naval blockade. The White House eventually asked Congress for emergency funding to pay for the war efforts, but prospects that the request will be approved are dim amid the unpopularity of the war.

    A navy official who was briefed on how the service is planning to address the shortfalls said money is shifted around in imaginative ways. “The money for payroll,” he said, “was robbed to pay for overseas contingencies and is being backfilled by money that hasn’t been spent. They are backfilling payroll so we get enough money in our paycheck.”

    https://www.theguardian.com/us-news/2026/aug/27/trump-iran-war-navy-budget

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