00:00The United States is expected to scale back its request for additional funding for the war with Iran,
00:06according to a report by The Washington Post.
00:08The package is now estimated at between $80 and $100 billion,
00:14less than half of the more than $200 billion the Pentagon had initially proposed.
00:22The White House had earlier said the funding was needed to replenish ammunition
00:27and military supplies depleted by the conflict.
00:30The Pentagon earlier said that the war cost the U.S. more than $11.3 billion in its first week
00:36alone.
00:37Lawmakers from both parties have raised concerns over the spending,
00:41calling on President Donald Trump to clarify the war's objectives and exit strategy.
00:46The conflict has also added to economic pressures at home,
00:50with higher oil prices feeling inflation concerns and market uncertainty.
00:55Following the ceasefire announcement, Donald Trump said big money will be made,
01:00adding that the United States will help ease shipping congestion in the Strait of Hormuz.
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