The numbers come amidst a backdrop of a worsening U.S. financial picture thanks to the spiraling national debt, and the mounting interest payments that are due. In its Feb. 11 report, the CBO projected a gap between expenditures and revenue for FY 2026 of $1.853 billion. The U.S. gets there by spending 33% more than the Treasury collects in taxes. An Iran war that lasts 60 days would hike the deficit by that $65 billion plus $1.4 billion in interest, or around $66.4 billion. That’s an increase of 3.6% that would raise the shortfall’s share of GDP from the forecasted 5.8% to 6.0%. The $66.4 billion would get tacked onto the deficit, and raises the amount we need to borrow, plus interest, year after year.
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