Connect with us

Hi, what are you looking for?

Latest News

Johnson: Congress will pass Iran war funding when ‘appropriate’

House Speaker Mike Johnson said Wednesday that lawmakers are waiting for the White House to formally request emergency cash to support the war in Iran, as administration officials reportedly consider seeking up to $50 billion.

In an interview, Johnson said he hadn’t heard yet about a specific funding level but that “we’ll pass a supplemental when it’s appropriate and get it right.”

“We’re waiting on the White House and [the Pentagon] to let us know, but we have an open dialogue about it,” he said when asked whether Congress could pass a $50 billion supplemental funding bill.

Passing any emergency funding will be a major fight on Capitol Hill, with Democrats already decrying the lack of details about how much the military is spending and Republican fiscal hawks wary of more spending. Reuters reported Tuesday that Deputy ‌Defense ⁠Secretary Steve Feinberg has been leading Pentagon work on a roughly $50 billion request.

Asked about a $50 billion request in a separate interview, Majority Leader Steve Scalise said, “Well, we’re nowhere close to that.”

“I mean, yesterday at the briefing, it was brought up that there may be a need for a supplemental,” he added. “But we’re still just in the first few days of this conflict, and there’s no no ask yet from the Department of War for a supplemental.”

Scalise said, “When that time comes, we’ll obviously have very serious conversations because it’s important that the Department of War have the tools they need to keep America safe.”

House Foreign Affairs Chair Brian Mast (R-Fla.) said in an interview that he didn’t know the specific number yet but that he would support an emergency funding bill of tens of billions of dollars.

Enter Your Information Below To Receive Latest News, And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Stock

    The Commodity Futures Trading Commission (CFTC) is stepping in to stop what it calls an “onslaught” of state-level regulation of prediction markets. CFTC Chairman...

    Stock

    Warner Bros. Discovery said Tuesday that it was reopening talks with Paramount Skydance, giving the studio a week to rival Netflix in its bid...

    Editor's Pick

    Key Insights (AI-assisted): Ransomware’s acceleration in automotive and smart mobility signals that connected vehicles are shifting from peripheral to primary targets in cybercriminal business...

    Editor's Pick

    Key Insights (AI-assisted): LoRaWAN’s shift from pilot-scale to utility-grade infrastructure signals that low-power unlicensed LPWAN is consolidating as a core layer in the Massive...