Iran War Will Push Inflation Above 4%, OECD Warns
The war against Iran will drive the U.S. inflation rate up to an estimated 4.2% this year, according to new projections by the Organization for...
Trump Admin to Pay Nearly $1 Billion to Cancel Wind Farms
President Trump has long been a critic of offshore wind power projects, claiming that the massive windmills that produce electricity are ugly...
Schumer Slams ‘Preposterous’ $200 Billion Iran War Funding Request
Senate Minority Leader Chuck Schumer made it clear Friday that he does not support the Trump administration’s massive upcoming request for...
Pentagon Requests $200 Billion for Iran War
The Department of Defense is seeking $200 billion in supplemental funding to help pay for the war with Iran. The Pentagon request, first reported by...
Fed Holds Steady as Economic Uncertainty Grows
With one eye on the growing risk of an inflationary oil shock, the Federal Reserve held its benchmark interest steady between 3.5% to 3.75% at the...
Recession Jitters Are Rising
Oil prices have soared following Iran’s closure of the Strait of Hormuz, and some economists are worried that higher energy costs could be the straw...
Jeffries Wants to Force Vote on Partial DHS Funding
House Minority Leader Hakeem Jeffries plans to release a discharge petition this week in an effort to force a vote on a bill that would fund much of...
US Economy Showed Signs of Strain Heading Into Iran War
The U.S economy was a bit shakier heading into the war with Iran than previously thought, according to new government data published Friday. Economic...
Senate Again Votes Down Homeland Security Funding Bill
With Transportation Security Administration agents and other critical workers in the Department of Homeland Security facing the prospect of their...
Countries Agree to Largest-Ever Release of Oil Reserves
The International Energy Agency announced Wednesday that it will release 400 million barrels of oil from emergency reserves to address supply shocks...