U.S. Department of War Seeks $80 Billion for Iran War, Debt Tops $39 Trillion

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According to Bitcoin.com News, Deputy Defense Secretary Stephen Feinberg informed lawmakers earlier this week that the U.S. Department of War requires $80 billion to cover costs of the Iran war and other non-defense bills such as farm and disaster relief. The request marks a reduction from an initial ask of over $200 billion but comes as the four-month conflict nears completion of its phase. U.S. national debt has surpassed $39 trillion, exceeding the nation's GDP for the first time since World War II, a milestone that has reinforced arguments among bitcoin advocates that the cryptocurrency serves as a hedge against currency debasement amid heavy government spending.
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