US' estimated tab for Middle East wars since 9/11 is US$4.4t - and rising fast
Brown University research body's estimate of the bill is three times higher than the Pentagon's authorised budget
London
THE cost of US wars in Iraq, Afghanistan, Pakistan and Syria has soared to US$4.4 trillion since 9/11, and has been estimated to rise to US$5.6 trillion in the coming years.
A study by Brown University's Watson Institute of International and Public Affairs has indicated that these costs are a massive burden on the US federal and state budgets and the economy: the estimates are almost three times higher than the Pentagon's authorised US$1.52 trillion spending for Afghanistan, Iraq and Syria during the same period.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Biden vetoes bid to repeal US labour board rule on contract, franchise workers
Economic leaders of South Korea, Japan, China say FX volatility is a risk
US automakers win extension on use of Chinese graphite in EV tax credits
US service sector contracts in April; price pressures up
Thaksin’s daughter calls central bank independence an ‘obstacle’
US jobs growth slows in April; jobless rate up to 3.9%