U.S. Economy
Hegseth claims Iran’s nuclear ambitions ‘obliterated’ after U.S. strikes
Secretary of Defense Pete Hegseth said Sunday that “Iran’s nuclear ambitions have been obliterated,” hours after the United States attacked three major nuclear nuclear enrichment facilities. Hegseth praised President Donald Trump’s order as “focused, it was powerful, and it was clear,” during an early morning press conference. Hegseth said that the late-night mission was “not […]
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Republican Party has nearly five times more cash on hand than the Democrats
Ken Martin speaks at the Democratic National Committee Winter Meeting at the Gaylord National Resort and Convention Center in National Harbor, Md., on Sat., Feb. 1, 2025. Rod Lamkey, Jr. | AP Photo The Republican National Committee has almost five times the cash on hand as its Democratic counterpart, as Democrats seek to regain their […]
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Trump rips into ‘too late’ Jerome Powell after Fed holds rates steady
U.S. Federal Reserve Chair Jerome Powell attends a press conference following the issuance of the Federal Open Market Committee’s statement on interest rate policy in Washington, D.C., U.S., June 18, 2025. Kevin Mohatt | Reuters President Donald Trump ripped into Federal Reserve Chair Jerome Powell on Thursday, calling him “destructive,” after the central bank kept interest rates steady on Wednesday. […]
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Trump deploys additional 2,000 National Guard troops to Los Angeles
A man faces members of security forces outside the Edward R. Roybal Federal building after days of protests against federal immigration sweeps and the deployment of the California National Guard and U.S. Marines, in downtown Los Angeles, California, U.S., June 10, 2025. David Ryder | Reuters President Donald Trump’s administration is ordering an additional 2,000 […]
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Oil analysts left scratching their heads over Isreal-Iran conflict: ‘Your guess is as good as mine’
Smoke billows in the distance from an oil refinery following an Israeli strike on the Iranian capital Tehran on June 17, 2025. Atta Kenare | Afp | Getty Images Analysts are struggling to predict the extent to which Israel and Iran’s escalating conflict could influence oil prices. Israel’s surprise attack on Iran’s military and nuclear infrastructure […]
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Shipping groups are starting to shy away from the Strait of Hormuz as Israel-Iran conflict rages on
An Islamic Revolutionary Guard Corps speed boat sailing along the Persian Gulf during the IRGC marine parade to commemorate Persian Gulf National Day, near the Bushehr nuclear power plant in the seaport city of Bushehr, in the south of Iran, on April 29, 2024. Nurphoto | Nurphoto | Getty Images Some shipowners are opting to […]
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Trump’s long-sought military parade becomes reality
A Sikorsky UH-60 Black Hawk helicopter to be used in the U.S. Army’s 250th Birthday Celebration and Parade, is seen near U.S. Capitol in Washington, D.C., U.S., June 11, 2025. Alexander Drago | Reuters WASHINGTON — Thousands of troops will descend on Washington, D.C., on Saturday, accompanied by dozens of tanks and helicopters overhead, as […]
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PBS, NPR funding on the line as House nears final vote on $9.4 billion in DOGE-backed cuts
U.S. President Donald Trump and U.S. House Speaker Mike Johnson react during an Invest America Roundtable in the State Dining room, at the White House, in Washington, U.S., June 9, 2025. Evelyn Hockstein | Reuters The House on Wednesday moved a step closer to approving President Donald Trump’s $9.4 billion spending cut package, which would […]
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Trump’s ‘done’ deal with China: Trade damage will remain, logistics firms and retailers say
Chinese President Xi Jinping meets with U.S. President Donald Trump in Osaka, Japan, June 29, 2019. Xinhua News Agency | Xinhua News Agency | Getty Images President Donald Trump declared the trade war with China “done” Wednesday, while Commerce Secretary Howard Lutnick said tariffs on Chinese goods will be locked in at the current 55% […]
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Bessent floats extending tariff pause for countries in ‘good faith’ trade talks
U.S. Treasury Secretary Scott Bessent testifies before the House Ways and Means Committee in the Rayburn House Office Building on June 11, 2025 in Washington, DC. Bessent testified on the priorities of the Treasury Department. Kevin Dietsch | Getty Images Treasury Secretary Scott Bessent signaled the Trump administration’s openness on Wednesday to extending President Donald […]
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