Americans eager for lower borrowing costs may have a long wait ahead of them. The Iran war is complicating the picture for the Federal Reserve, which is set to meet on March 18 for its next interest rate decision. Economists had predicted the Fed would hold its benchmark rate steady on Wednesday, but many had penciled … Read more
WASHINGTON — The United States’ war with Iran is entering its third week, but Congress has yet to publicly test the Trump administration’s case for the conflict. Republicans in Congress have so far side-stepped public debate over the war, even as Senate Democrats reach for every tool at their disposal to demand hearings with Trump … Read more
Iran launches heavy wave of missile strikes as war enters third week – CBS News Watch CBS News With week three of the war underway, Iran launched one of the heaviest waves of missile strikes in a 24-hour period since fighting began. Charlie D’Agata reports. Source link
Gas prices up 71 cents on average since start of Iran war – CBS News Watch CBS News Pain from the Iran war’s oil supply shock is being felt across the United States. Willie James Inman reports. Source link
IE 11 is not supported. For an optimal experience visit our site on another browser. Now Playing Sec. Wright says Iran war could be over in ‘4 to 6 weeks’ 01:06 UP NEXT Goats named Cosmo and Comet help kids learn how to read 00:46 Why gas prices have risen despite record U.S. oil production … Read more
White House National Economic Council Director Kevin Hassett told “Face the Nation with Margaret Brennan” that so far, the war with Iran has cost $12 billion, adding that “right now, we’ve got what we need” on funding as lawmakers are preparing for a possible supplemental funding request from the White House. Source link
IE 11 is not supported. For an optimal experience visit our site on another browser. Energy Sec. Wright says ‘good chance’ but ‘no guarantees’ of cheaper gas soon: Full interview 13:06 Now Playing Adam Schiff says war with Iran is ‘simply unsustainable’: Full interview 10:49 UP NEXT Thomas Friedman explains Iran’s ‘strategy of out-crazy’ against … Read more
The spike in oil prices as a result of the Iran war is a gift to Russia, replenishing depleted coffers and easing the burden of pursuing its costly war in Ukraine. At the same time, the extensive use across the Middle East of air-defense systems to counter Iranian missile attacks poses a new worry for … Read more
WEST PALM BEACH, Fla. — In the two weeks since the U.S. and Israel launched strikes on Iran, President Donald Trump increasingly has been knocked on his political heels. He’s grown more agitated with news coverage and has failed to find a way to explain why he started the war — or how he will … Read more
Iran urged Middle East countries to expel the U.S. military on Saturday. Nations in the Persian Gulf are reporting new attacks by Iranian drones and missiles, but the pace has slowed. Imtiaz Tyab has more from Doha, Qatar. Source link