The projected costs equal $49 trillion, or nearly $400,000 per U.S. household. The White House Council of Economic Advisers (CEA) issued a report, ahead of the midterm elections,…
Read MoreEconomy
Social Security to Increase Benefits by 3.6 Percent in 2027
The cost-of-living increase will apply to nearly 76 million Americans. The Social Security Administration (SSA) announced that monthly benefits will receive a 3.6 percent cost-of-living adjustment (COLA) starting…
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Energy Department Supports FERC’s Call to Protect Ratepayers and Build More Reliable Power
Deputy Secretary Danly said that the administration is trying to get a mid-Atlantic power company to “adopt market rules to strengthen grid reliability and reduce electricity costs for…
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Energy Secretary Authorizes Emergency Exchange from SPR
The participating companies will replace the crude oil next year with more than they borrowed. The U.S. Department of Energy announced an emergency exchange from the Strategic Petroleum…
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President Trump Reports Deal to Reduce Diesel Prices
The Treasury Department is issuing a temporary license for Russian diesel to be sold internationally. President Donald Trump announced a deal with Russia on Friday to lower the…
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President Trump Expands Access to Tax-Free Dyed Diesel
The order will run through the end of the year to support farmers and truckers. President Donald Trump signed an executive order in Nebraska on Monday that temporarily…
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Operation Economic Outcast Targets Iran’s Industrial Infrastructure
New sanctions have been issued to target Iranian automotive and railway industries. The U.S. Department of the Treasury announced new sanctions targeting Iranian rail and automotive conglomerates under…
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State Department Announces Further Sanctions and Restrictions on Cuba
U.S. banks are prohibited from maintaining accounts for Cuban entrepreneurs. The Department of the Treasury’s Office of Foreign Assets Control (OFAC) published new Cuba Sanctions Regulations this week,…
Read MoreTreasury Secretary Provides Update on Operation Economic Outcast
He projected that the Iranian regime will make its final oil delivery to China within two weeks. Treasury Secretary Scott Bessent stated that his department’s Operation Economic Outcast…
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White House Issues List of Products Recommended for Reduced Tariffs with China
The proposed reductions follow the state visit of President Xi to the White House. The White House published lists of products on which the United States and China…
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