WASHINGTON — Treasury Secretary Scott Bessent announced the start of the “Operation Economic Outcast” campaign against Iran to “tighten the noose” around the regime and warned countries against doing business with Tehran. The Trump admin aims to choke off revenue streams to the Iranian regime by pressuring secondary countries to stop doing oil, energy and…
Ozalp/Getty Images Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Tesla CEO Elon Musk has just issued a dire warning for Americans. In a Feb. 5 appearance on the Dwarkesh Podcast, Musk said America is barreling toward bankruptcy as its national debt continues to climb. “We are…
The inflation fight may be nearing the end, but the political one is just beginning. Former Federal Reserve vice chair Lael Brainard said she would support a rate cut at the central bank’s December meeting, warning that cracks are forming “under the hood” of an economy increasingly defined by an AI-fueled divide. “I would be…
China and India are pulling back from buying Russian oil after President Trump sanctioned two of Moscow’s biggest exporters Wednesday. Reuters reported Thursday that Chinese state-run petroleum firms PetroChina, Sinopec, CNOOC and Zhenhua Oil had suspended purchases of seaborne Russian oil after the Treasury Department announced sanctions on Rosneft and Lukoil, citing Moscow’s “lack of serious commitment…
WASHINGTON (AP) — In the midst of a federal government shutdown, the U.S. government’s gross national debt surpassed $38 trillion Wednesday, a record number that highlights the accelerating accumulation of debt on America’s balance sheet. It’s also the fastest accumulation of a trillion dollars in debt outside of the COVID-19 pandemic — the U.S. hit…
Blame games, tit-for-tat threats, off-again on-again meetings between US President Donald Trump and Chinese President Xi Jinping, and wild tariff swings seem to be the recent order of the day. According to former government officials and analysts, however, this should come as no surprise – it’s just the price you pay when diplomatic norms are…
The United States on Thursday announced sanctions on around 100 individuals, entities, and vessels, including Chinese companies, accused of facilitating Iran’s oil and petrochemical exports, the Treasury Department said. Among those targeted were Shandong Jincheng Petrochemical Group Co, described as an independent “teapot” refinery in Shandong Province that purchased millions of barrels of Iranian oil…
WASHINGTON (AP) — Social Security Administration Commissioner Frank Bisignano was named to the newly created position of CEO of the IRS on Monday, making him the latest member of the Trump administration to be put in charge of multiple federal agencies. As IRS CEO, Bisignano will report to Treasury Secretary Scott Bessent, who currently serves…
Getty Images Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Imagine opening your mailbox to find a $2,000 “dividend” check from the government. That’s the eye-popping idea President Donald Trump is now floating — all thanks to his sweeping tariff policy. In a recent interview with One…