fiscal policy

Senator Paul criticizes $700B Iran war spending, warning the $2 trillion deficit poses greater economic threat. Proposes 6% annual spending cuts to balance budget in five years.

Foreign investors boost US Treasury holdings to $9.3 trillion, led by Japan's $1.2 trillion. China cuts purchases amid tensions. Demand masks fiscal sustainability concerns as yields near 4.5%.

Senator Rand Paul opposes $1-2 billion daily Iran military spending, arguing national debt poses greater security threat than foreign adversaries, joining Warren and Sanders against $50-200 billion supplemental requests.