Vought headlines the budget clash: White House budget chief weighing Iran-Israel war costs and CFPB funding. Born 1976, ex-CFPB acting director.
The Biden administration has released a budget proposal emphasizing increased defense spending and reduced domestic programs. The plan, aligned with the ongoing Iran conflict, proposes significant cuts to climate, health, and social programs, while boosting military and law enforcement funding. Congress will negotiate the final budget.
On April 3-4, 2026, the White House unveiled a $1.5 trillion budget proposal for fiscal year 2027, marking a 40% increase in Pentagon spending—the largest since World War II. The plan prioritizes military funding to support ongoing operations in Iran, offset by $73 billion in cuts to domestic programs. The proposal faces political resistance amid concerns over rising deficits and social program reductions.
The Pentagon has updated the cost of the war to $29 billion, up from $25 billion, citing refined repair and replacement costs and operational expenses. The update comes as a fragile ceasefire and shifting economic pressures shape public and political response.