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Mar 19, 2026 /
Department of War Seeks $200 Billion More to Fund Iran War
The Department of War says it needs $200 billion in additional funds for the war against Iran. Pentagon chief Pete Hegseth suggested the number could go higher. According to a senior administration official speaking with The AP, the Department of War submitted the spending request to the White House. Congress will have to pass a supplemental military […]
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Apr 16, 2026 / Tyler Durden
US Industrial Production Unexpectedly Drops In March (After Huge Upward Revision For Feb)
US Industrial Production Unexpectedly Drops In March (After Huge Upward Revision For Feb) At first glance the 0.5% MoM decline in US Industrial production (considerably worse than than the 0.1% MoM rise expected - and dragging YoY growth in IP down to +0.74%) is bad news... suggesting immediate impacts from the war are being felt and sparking headlines decrying President Trump's actions. Source: Bloomberg However, while we agree that the decline is notable, the fact that February's data was revised drastically higher, from +0.2% to +0.7% MoM, means that over the two...
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Feb 23, 2026 / Tyler Durden
EU To Freeze Trade Deal With US After Supreme Court Overturns Trump Tariffs
EU To Freeze Trade Deal With US After Supreme Court Overturns Trump Tariffs Update (9:40am ET): In response to the EU's decision to freeze ratification of Trump's landmark deal, the US president has come out swinging and on Truth Social threatened any countries that "play games" with the supreme court decision that they "will be met with a much higher tariff." It just isn't clear what the procedure for these much higher tariffs - aside from Section 122 which is limited to 150 days - will be now that IEEPA...
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