US Navy in 'Financial Strain', 'Shortfalls in Payroll': 'They Shot All Their Weapons, They Trashed All Their Ships, They Ran Out of Their Money”
5 Articles
5 Articles
The United States Navy is facing a serious financial crisis due to the costs of the war with Iran and has had to reallocate money to pay salaries to finance military operations, according to documents obtained by The Guardian. The conflict would have cost $35.7 billion already, and experts warn that the funds are about to be exhausted.
(Seoul = Yonhap News) Reporter Kang Hoon-sang = As the war with Iran drags on unexpectedly, the U.S. Navy is holding out by 'borrowing' its budget, the British daily The Guardian reported on the 27th...
Trump’s Iran war rapidly draining US navy budget, documents show
US President Donald Trump’s war on Iran has driven the US military into a severe financial crisis, with the US navy forced to transfer money from its payroll and other sources to cover the costs of combat, according to documents seen by the Guardian, and interviews with navy officials, contractors and defense analysts. The US-Israeli operation, which has depleted US munitions stockpiles and prompted retaliatory Iranian strikes that have wrecked …
US Navy faces acute financial strain as Iran war drains military funds: Report
A Pentagon memorandum on Navy funding warned of “shortfalls in payroll” accounts, reportedly incurred due to the diversion of money to fund the war in the Middle East, with the situation described by officials and former military personnel as grim.
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