Tag: Government and politics
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U.S. appeals court blocks Trump’s $400 million White House ballroom project
The appeals court placed its ruling on hold for 14 days to allow the Trump administration to appeal to the U.S. Supreme Court.
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Cassidy supports Todd Blanche, rescuing Trump’s embattled attorney general pick
Attorney General nominee Todd Blanche needs at least 50 votes on the Senate floor to be confirmed after clearing the Senate Judiciary Committee.
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CNBC Daily Open: All the world’s a stage, but Trump’s ‘theater diplomacy’ takes the spotlight
Iran accused Trump of “theater diplomacy,” while also releasing a draft plan that would bar U.S. and Israeli ships from the Strait of Hormuz.
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Hormuz closure clouds China’s crude imports after they hit a 3-month high in July
China’s crude oil imports recorded a smaller decline in July, though the recovery may be short-lived, as the conflict drags on and demand remains soft.
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CNBC Daily Open: Trump’s deal seems to be in dire straits
Trump had said a deal with Tehran could come by Thursday stateside. But if one does not arrive by noon today in Asia, that timeline will have slipped.
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Oil rises amid supply disruption fears following Iran’s restrictive draft plan for the Strait of Hormuz
News of Iran’s restrictive draft plan for the Strait of Hormuz sent oil prices higher, renewing concerns over supply disruptions.
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GAO finds Elon Musk’s DOGE inflated claims of $110 billion in savings for federal government
The nonpartisan watchdog found Elon Musk’s DOGE didn’t cut as much federal spending as it claimed and that it fell far short of its promised $2 trillion.
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Sen. Mitch McConnell says he’s left rehab, will work from home
“On the advice of my doctors, I’ll maintain an intensive regimen of physical therapy from home during the state work period,” the 84-year-old McConnell said.
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Analysis: Trump treats Fed Chairman Kevin Warsh as an ally. That creates economic risks
Trump’s reported phone calls to the Fed chairman will complicate his efforts to prove he will act independently on inflation and interest rates.
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Oil prices jump after Iran publishes restrictive draft plan for Strait of Hormuz
Crude oil prices rose Thursday after Iranian state news published a draft plan with restrictive conditions for ship traffic in the Strait of Hormuz.
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