Economic Shocks Loom As Iran War Escalates

The Department of Defense is preparing to ask lawmakers for additional funding following the joint US-Israeli strikes on Iran. It’s far from clear whether there’s enough support in Congress to pass a supplemental funding bill for the Pentagon, as the vast majority of Democrats decry the White House’s new war against Tehran. But the Defense Department plans to ask Congress for more money anyway. But what will this boost in defense spending mean for current the US deficit? Maya MacGuineas, president of the Committee for a Responsible Federal Budget joins to discuss on Balance of Power. (Source: Bloomberg)