Johnson Unveils $95 Billion Emergency Bill for Iran War and Trump Election Grants
Updated
Updated · CNN · Jul 15
Johnson Unveils $95 Billion Emergency Bill for Iran War and Trump Election Grants
3 articles · Updated · CNN · Jul 15
Summary
$95 billion is the size of Mike Johnson’s emergency funding plan, with up to $73 billion for the Pentagon and agencies that have been absorbing Iran war costs.
Up to $12 billion would go to farm aid amid Trump’s trade war, and as much as $10 billion to state election grants tied to the SAVE America Act.
No major offsets are included, leaving most of the package to add to the federal deficit after Republicans failed to build support for cuts to healthcare or tax-credit programs.
Pentagon pressure to act before the August recess is colliding with resistance from fiscal conservatives and Iran skeptics, clouding the bill’s path through both the House and Senate.
The proposal emerged from weeks of talks between Johnson and the White House, including a Camp David summit, as Republicans shape a third reconciliation-style agenda bill.