Report: Joint Chiefs Chairman Warns Trump of Significant Risks if US Attacks Iran

President Trump is expected to unveil his request for a $1.5 trillion military budget for the 2027 fiscal year on Thursday, Reuters has reported, marking a 50% increase from this year’s already massive budget. The 2026 military budget marked the first to officially exceed $1 trillion, which was achieved by Congress passing a 2026 National Defense […]

The US is taking steps to ramp up the pressure on Iraq to reduce its ties with Iran and rein in Iran-aligned militias in the country after the escalations in the country amid the US-Israeli bombing campaign against Iran, The New York Times reported on Tuesday. Iraqi officials told the paper that in its latest […]

Consumer Credit Smashes Estimates As Credit Card Debt Hits New All-Time High The relevering of the US consumer continues: one month after the June consumer credit number came higher than estimates (and followed the unexpected May contreaction in US credit), in July consumer credit came in even higher than expected, with the Fed reporting in its latest G.19 report that in July, US consumer credit rose by a whopping $18.1BN - more than the $14.6 billion in June - and far above the $11.7 billion estimate.  The rebound was driven by...