Trump's 'Golden Dome' estimated to cost $1.2 trillion, far more than initially said
Summary
President Donald Trump's plan to build a missile defense system called the "Golden Dome" is now estimated to cost $1.2 trillion over 20 years, according to a report from the Congressional Budget Office (CBO). This new estimate is much higher than the $175 billion cost the president mentioned last year.Key Facts
- The "Golden Dome" is a missile defense program intended to protect the U.S. using weapons placed in space and on the ground.
- The program was ordered by President Trump in an executive order during his first week in office.
- The goal is to have the system fully working before the end of President Trump’s term in January 2029.
- The CBO report says the $1.2 trillion estimate is based on limited information from the Defense Department.
- The system is inspired by Israel’s "Iron Dome," which is used to defend against rockets and missiles.
- Congress has already approved about $24 billion for the project in previous spending bills.
- The CBO previously estimated that just the space part of the system could cost up to $542 billion in 20 years.
- Some lawmakers, like Senator Jeff Merkley, have criticized the program for being expensive and benefiting defense contractors.
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