CBS News senior White House correspondent Weijia Jiang asked President Trump on Thursday about reports that the Pentagon is planning to ask Congress for an additional $200 billion for the war with Iran. Jiang joins “The Takeout” to unpack the president’s response. Source link
It appears Congress, which has not authorized the war with Iran, may be asked to provide $200 billion to pay for it. That number is not official, but senior House and Senate Republicans did not deny it on Thursday and sounded vaguely supportive. CBS News’ Major Garrett has more. Source link
Soaring energy prices due to the Iran war could provide a massive windfall for U.S. oil companies. Rystad Energy, a market research firm, estimates that shale oil producers in the U.S. could earn an additional $63 billion in sales as prices soar past $100 a barrel. If oil prices averaged $70 a barrel — their approximate level before … Read more
Judge Richard Eaton, on a little-known trade court, is pushing the administration to pay back illegally collected tariffs—and quickly Source link
The first week of the U.S.’ war with Iran cost around $11.3 billion, military officials told members of Congress in a briefing this week, according to sources familiar with the meeting. That figure is a low-end estimate and does not include the build-up costs of moving assets into place ahead of the operation’s start on … Read more
WASHINGTON — Defense Department officials told senators in a closed-door briefing Tuesday that they estimate the first six days of the war in Iran cost more than $11.3 billion, according to three sources familiar with the briefing. Sen. Chris Coons, D-Del., told reporters Wednesday that he believes the amount is even higher, as the current … Read more
California is holding roughly $15 billion in unclaimed property — one of the largest totals in the country. That’s money and valuables that legally belong to California residents, businesses and nonprofits. A CBS News California Investigates analysis found large charities and hospitals had no idea the state was holding on to tens of thousands of … Read more
Over 2,000 lawsuits have been filed by companies in the court seeking to recoup their money after the Supreme Court invalidated tariffs last month. Source link
Netflix said on Thursday that it will not match Paramount Skydance’s latest bid for Warner Bros. Discovery, clearing the way for a massive merger that could shake up the entertainment and media industry. Netflix agreed in December to buy part of Warner Bros. Discovery for $27.75 a share, or $82.7 billion. But Paramount Skydance had … Read more
Nvidia — the most valuable company in the world thanks to its place atop the AI food chain — generated a staggering $120 billion in profits last year. This includes an eye-popping $43 billion during the three-month period ending in January, one of the strongest quarters of any business ever recorded. Investors didn’t seem to … Read more