US Energy Secretary Warns of Oil Price Surge Until Shipping Resumes in Strait of Hormuz

A cargo ship sits at anchor in the Gulf of Oman, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governorate, in the United Arab Emirates on March 11, 2026. Stringer/Reuters Energy Secretary Chris Wright warned of a surge in the price of oil and energy over

Treasury Secretary Says Order on Citizenship Proof for Banking Is ‘in Process’

Secretary of the Treasury Scott Bessent speaks during a House Financial Services Committee hearing on Capitol Hill on Feb. 4, 2026. AP Photo/Nathan Howard Treasury Secretary Scott Bessent on Monday confirmed that an executive order mandating banks to collect citizenship information on customers is underway. “It’s in process. And I don’t think it’s unreasonable, because,

Republicans threaten ActBlue CEO with contempt of Congress in fraud probe

House Republicans are threatening to hold the CEO of Democratic fundraising company ActBlue in contempt of Congress as part of an investigation into its allegedly “unserious approach to fraud prevention,” CBS News has learned. “There is considerable reason to believe that ActBlue may have deliberately withheld” some documents “to impede our investigation,” the heads of

US Faces Shortage of 10 Million Homes, White House Says

A home for sale in Austin, Texas, on April 24, 2025. Brandon Bell/Getty Images The United States has a shortage of 10 million homes, a gap that the White House’s newly released 2026 Economic Report of the President attributes in part to government regulations that have increased construction costs. The estimated shortage was calculated by

Appeals Court Terminates Criminal Contempt Proceedings Against Trump Admin

District Judge James Boasberg, chief judge of the District Court for the District of Columbia, stands for a portrait at E. Barrett Prettyman Federal Courthouse in Washington on March 16, 2023. Carolyn Van Houten/The Washington Post via AP An appeals court has put a stop to criminal contempt proceedings initiated by a district judge against

Managed Decline: Lessons from Viktor Orbán’s Loss

Results of Central European parliamentary elections rarely make much news in the United States, but Viktor Orbán’s defeat certainly did. The Hungarian prime minister conceded Sunday after ruling for 16 years, and many wonder if the result predicts the downfall of Donald Trump’s populism the same way that the 2016 Brexit vote foretold his shocking