200 Days and $40 Billion Later

September 16, 2026 200 DAYS AND $40 BILLION LATER WASHINGTON, DC — Today, Rep. Val Hoyle (OR-04) released the following statement in response to a new analysis from the nonpartisan Congressional Budget Office (CBO) finding that the war in Iran has directly cost the United States roughly $40 billion. “Today is the 200th day of the President’s illegal and immoral war with Iran. It isn’t just unpopular, it’s expensive,” said Rep. Hoyle. “As costs continue to rise the American people are footing the $40 billion bill. Despite this, House Republicans are calling it quits and sending us home today. It’s unconscionable that we are being sent home as the American people continue to pay the price.” BACKGROUND The war with Iran is increasing what families pay for gas, utilities, transportation and other goods and services. The CBO expects the war to add roughly 0.5 percentage points to inflation in the first quarter of 2027. Inflation has already spiked by 2.3% in the second quarter of 2026 . ### Print Email Share Tweet