Hanna Homestead (Research Analyst with the National Priorities Project) and Jennifer Kavanagh (Senior Fellow & Director of Military Analysis at Defense Priorities) found that spending on Operation Southern Spear and Operation Absolute Resolve in Venezuela, the Caribbean, and the Eastern Pacific cost at least $4.7 billion from August 1, 2025-March 31, 2026. Costs will continue to mount as some naval assets and aircraft remain in the region and strikes continue. This estimate is only partial due to lack of information, and does not include long-term budgetary costs such as veterans benefits.
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