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What the Iran war cost the Pentagon, the economy — and Trump
By Zachary B. Wolf, David Goldman, Kaanita Iyer at KXXV (ABC 25) News
· June 21, 2026
· 9 min read
With an agreement signed and further talks set to commence, the US war with Iran is at a halt, at least for now, and President Donald Trump is telling Americans they have won.YOURE WELCOME! Trump wrote on Thursday in a post on his social media platform, where he also ticked through benefits of hi...
Key takeaway Trump wrote on Thursday in a post on his social media platform, where he also ticked through benefits of his memorandum of understanding to keep negotiating with Iran for the next 60 days.
Why this matters in The Waco
For Waco residents, the financial implications of the Iran war hit close to home, particularly given the city's proximity to major military installations in Texas. The $40 billion price tag of the conflict, as estimated by the Center for Strategic and International Studies, is a stark reminder of the economic burden borne by taxpayers, including those in McLennan County. Furthermore, the Pentagon's request for $80 billion in supplemental funding may have a ripple effect on local budgets, potentially impacting funding for community programs and services. As the city's leaders consider the long-term effects of the war on the local economy, they must also weigh the potential consequences of increased military spending on the community's infrastructure and social services. The war's economic fallout may also be felt in the local job market, where veterans and military families are a significant part of the population.
About this story
Original reporting by KXXV (ABC 25) News . The Waco surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KXXV (ABC 25) News . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: June 21, 2026 ·
Source: KXXV (ABC 25) News ·
Reading time: 9 min
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Frequently asked about this story
What is this story about? With an agreement signed and further talks set to commence, the US war with Iran is at a halt, at least for now, and President Donald Trump is telling Americans they have won.YOURE WELCOME! Trump wrote on Thursday in a post on his social media platform, where he also ticked through benefits of hi...
When was this published? This article was first published on June 21, 2026 by KXXV (ABC 25) News and curated for The Waco readers.
Who reported this story? This story was reported by Zachary B. Wolf, David Goldman, Kaanita Iyer at KXXV (ABC 25) News. To learn more about how The Waco selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The Waco, or browse our daily briefing and topic hubs .
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