Billionaires made 19 percent of all reported federal campaign contributions in 2024, a Times analysis shows, and even more in some local elections. Wealthy donors are reaping the rewards.
The Export-Import Bank is providing a $10 billion loan to Project Vault, an initiative to stockpile critical minerals. The project is the administration’s latest effort to reduce reliance on China.
Many in Iran feel helpless in the face of their entrenched system, and some are becoming increasingly embittered by the fierce American and Israeli bombardment.
On this week’s episode of “Batya!”, Batya Ungar-Sargon says the Trump administration’s military action in Iran is the latest move to restore the U.S. as the world’s superpower. Former Army Sgt. Dan Hollaway and former Air Force technical Sgt. Brandon Gresham joins to discuss how veterans feel about the ongoing conflict between the U.S. and Iran. Plus, Kristi Noem is out as DHS secretary after months of high-profile scandals. Former Democratic campaign operative Evan Barker joins Batya Ungar-Sargon to figure out what finally earned Noem a “you’re fired” from President Trump. And, while the House Oversight committee dragged Bill and Hillary Clinton to a deposition on Jeffrey Epstein, Batya Ungar-Sargon says there’s still no…
The price of crude oil briefly neared $120 a barrel Monday as Iran named Mojtaba Khamenei the supreme leader and then launched new attacks at Israel and Gulf states.
The selection of a new hardline leader in Iran and worries about more regional destabilzation sent oil prices to their highest level since the 2008 financial crisis
Data: Financial Modeling Prep ; Chart: Axios Visuals In the first week of the American and Israeli attack on Iran, the economic ripples were looking pretty minimal. But as Week 2 begins, the risks to the global economy are growing much more serious. The big picture: You can't decapitate the leadership of a country of 90 million people, with expansive military and intelligence capabilities, in the heart of some of the world's most economically important supply chains, without a huge cost. - The hours and days and weeks ahead are all about quantifying that cost. Zoom in: Oil skyrocketed 25% overnight, to just under $120 a barrel, fueling worries that higher energy costs will stoke inflation and curb spending by U.S. consumers. Tokyo's…