AFBytes Quarter Rundown — Wednesday, June 24, 10:00 PM ET

Here are the top stories from the last 24 hours. The White House asked Congress for nearly $88 billion in additional funding, mostly for the Iran war. This large supplemental defense spending could increase federal deficits and influence future taxes or borrowing costs for American households. America-first: Direct military spending on Iran tests the balance between domestic and overseas commitments. Household: Increased defense outlays can lead to higher future taxes or reduced non-defense programs. Nat-sec: Funding supports ongoing military operations and alliance commitments in the Middle East. President Trump issued executive orders to address quantum computing risks, responding to rapid technical progress. These orders aim to preserve U.S. technological leadership and protect critical systems from foreign quantum breakthroughs. Future encryption upgrades will raise costs for consumer devices and online services. America-first: Orders aim to protect U.S. technological edge. Household: Encryption upgrades will eventually increase costs for consumer devices. Nat-sec: Quantum computing risks encrypted military and financial communications. The White House submitted an $87.6 billion supplemental spending request for Iran operations and farm aid. This large request adds to federal deficits and may crowd out other discretionary spending or require future revenue measures. Defense outlays influence employment in military-related industries. America-first: Direct funding for military operations strengthens industrial capacity. Household: Larger federal deficits can lead to higher interest rates. Nat-sec: Sustained missile inventories support deterrence and alliance commitments. President Trump stated that NATO allies let down the U.S. by not backing the military campaign against Iran. Disagreements within NATO may influence future defense spending and alliance commitments. Taxpayers face potential costs from extended military operations. America-first: Criticism reinforces emphasis on allies contributing more. Household: Higher defense spending may influence tax or spending priorities. Nat-sec: Alliance cohesion affects deterrence posture. That's the day from where we sit — thanks for spending part of it with us. Stay with us at AFBytes for what's next.