Trump Admin Subpoenas New York Times Reporters Over Coverage Of New Air Force One

Waste Of The Day: Deficit Could Surpass $2 Trillion Authored by Jeremy Portnoy via RealClearInvestigations, The federal deficit will be $2.1 trillion when fiscal year 2026 ends on Sept. 30, the Congressional Budget Office projected in its monthly budget review. The deficit - the gap between what the government spends and what it collects from taxes and other revenue - has never surpassed $1.8 trillion, except during the Covid-19 pandemic. Key facts: Federal revenues are up 3% in 2026 compared to last year. Even though corporate income tax revenue has declined, income and...

1, 2, 3, 4, 5 And 5, 4, 3, 2, 1 By Michael Every of Rabobank Depressingly, today marks the start of the fifth year of the Ukraine War: a battered Ukraine is still standing against a bruised Russia; the US is still aiming for a peace deal so it can pivot to Asia; and Europe --even as it knows it has to look after both Ukraine and its own conventional defenses after decades of having this provided for it-- is still trying to get its act together. Despite its rhetoric, with...

"We Must Act": TotalEnergies CEO Joins Calls To Rewire Gulf Energy Flows Around Hormuz The Strait of Hormuz was disrupted or nearly closed for roughly three and a half to four months, offering Gulf states aligned with the U.S. one clear message: energy flows - or tanker transits - must be rewired through pipeline networks that bypass the maritime chokepoint. By creating alternative pipeline export routes through the UAE, Iraq, Saudi Arabia, Kuwait, Syria, Oman, or Turkey, regional producers can reduce the risk that Tehran can once again use Hormuz...