Debt as a share of the United States economy is on track to blow through the previous World War II-era record within two decades and keep rising from there, the Congressional Budget Office said in its annual long-term budget report.
Following through on President Trump’s promise to squeeze Iran as he took the U.S. out of the 2015 nuclear deal, the Trump administration on Tuesday announced details on new sanctions that will pressure countries from Europe to Asia to slash imports of Iranian oil to zero by Nov. 4, giving allies no wiggle room to deal with Tehran.
A new wave of civil unrest erupts in Iran as citizens demand improvements in the economy.
Senators of both parties blasted Commerce Secretary Wilbur Ross over President Trump’s steel and aluminum tariffs Wednesday, saying the levies are harming the U.S. economy while doing nothing to stop China’s unfair trade practices.
A prolonged state of emergency after a failed coup attempt and a constitutional referendum that delivered Turkey’s president sweeping new powers should deliver strongman President Recep Tayyip Erdogan an easy win in Turkey’s June 24 snap elections, a vote moved up from November 2019.
The EU says it expects to retaliate next month after the US imposed tariffs on the bloc’s steel and aluminium products, sparking fears of a global trade war.
The U.S. economy is expanding at a 4.8 percent annualized rate in the second quarter, the Atlanta Federal Reserve’s GDPNow forecast model showed on Friday.
U.S. employers are thought to have hired at a solid pace in May and helped extend the economy’s nearly nine-year expansion — the second-longest on record — despite uncertainty caused by trade disputes.
Turkey is trying desperately to halt a collapse in its currency that could trigger an economic crisis just as the country prepares to vote in an election.
The U.S. decision to drop out of the Iran nuclear agreement could cause the Iranian economy to decline and ultimately collapse, a report from the Congressional Research Service affirms.
Russia relies heavily on foreign military sales to boost its economy. So the Kremlin scrambled to avoid bad publicity for one of its weapons systems last week after it took a direct hit during Israeli airstrikes in Syria.
The Iranian ruling regime is racing to save the landmark nuclear deal after President Donald Trump bucked European powers and walked away from the agreement with a vow to reimpose a package of harsh sanctions on the Islamic Republic, according to U.S. officials and regional experts who say the hardline regime is scared about losing the sweetheart deal.
The Trump administration is examining a new plan to help Iranians fighting the hardline regime in Iran following America’s exit from the landmark nuclear deal and reimposition of harsh economic sanctions that could topple a regime already beset by protests and a crashing economy, according to a copy of the plan obtained by the Washington Free Beacon.
President Donald Trump is suggesting that reporters have their credentials revoked for reporting negative news about him.
Iran said Tuesday that it was prepared to quickly restart uranium enrichment — the process needed to make nuclear bombs — if President Trump’s withdrawal from the 2015 nuclear deal leads to a total collapse of the Obama-era accord.
The federal government took in a record tax haul in April en route to its biggest-ever monthly budget surplus, the Congressional Budget Office said, as a surging economy left Americans with more money in their paychecks — and this more to pay to Uncle Sam.
A massive poll of young voters has some inconvenient news for Democrats.
Every day, hundreds head to Tehran’s bustling Ferdowsi street to buy foreign currency, only to find that many exchange offices have shut up shop, have turned off their currency-rate displays, or have signs up reading, ‘We don’t have U.S. dollars to sell.’
Global debt hit its highest levels ever and governments should take actions to reduce their indebtedness while the going is still good, the International Monetary Fund said.
China’s commerce ministry said on Thursday trade negotiations with the United States would be impossible as Washington’s attempts at dialog were not sincere, and vowed to retaliate should US President Donald Trump escalate current tensions.