Iran declares Middle East banks military targets and vows to block all oil exports as Pentagon reveals 140 U.S. service members wounded in 12-day war.
Trump tells GOP lawmakers the Iran war will be a “short-term excursion,” then hours later threatens to hit Iran twenty times harder if oil stops flowing through Strait of Hormuz.
Oil tops $100 for first time since 2022 after Iraq production collapses 70% and Gulf states run out of storage, while Trump calls the surge “a very small price to pay.”
CBP tells judge it cannot comply with order to begin $166 billion in illegal tariff refunds to 330,000 importers, asks for 45 days to build a system.
U.S. economy sheds 92,000 jobs in February, partly driven by a Kaiser Permanente strike, as federal workforce losses hit 330,000 since October 2024.
Treasury issues license allowing sale of Venezuelan gold to the U.S. one day after Burgum wraps mining tour with dozens of American executives in Caracas.
White House official says shedding federal workers remains “priority number one” after cutting 300,000, calls converting civil servants to at-will employees “a real empowerment.”
UAE weighs freezing billions in Iranian assets and seizing shadow fleet tankers, targeting the Revolutionary Guard’s financial network that routes billions in illicit oil revenue through Dubai.
Twenty-four state attorneys general file first legal challenge to Trump’s new 10% global tariffs, arguing he is sidestepping the Supreme Court’s rejection of his earlier tariffs.
Postmaster General warns USPS will run out of cash in 12 months, hires restructuring advisers and says there may be no Valentine’s Day cards delivered in 2027.
Trump tells Politico “Cuba’s going to fall, too” after cutting off Venezuelan oil supplies, says Cuban leaders are trying to make a deal.
U.S. and Venezuela reestablish diplomatic relations two months after American forces captured Maduro, as Trump praises interim president Rodriguez and says “the oil is beginning to flow.”
Vance admits on day 410 that Trump’s Day 1 promise to lower prices was never going to happen quickly.
Trump announces nonbinding tech company pledge to pay for data center power, claiming it will lower electricity prices experts say it won’t.
Trump nominates Warsh as Fed chair while Sen. Tillis vows to block confirmation until DOJ drops its criminal probe of the sitting chairman.
Federal judge orders $130 billion refund on illegal tariffs to importers who already passed the costs to consumers.
U.S.-Iran war reaches Cyprus and Indian Ocean as Hezbollah strikes British airbase and U.S. submarine sinks Iranian frigate near Sri Lanka.
Trump orders Navy to escort tankers through Strait of Hormuz and offers U.S. insurance guarantees as Iran war pushes gas prices up 11 cents in one day.
Trump threatens to cut off all trade with Spain after Madrid blocks U.S. bases from Iran strikes, despite court limits on his trade authority.
Israel threatens Iran’s next supreme leader as day 5 brings Israeli strikes across Tehran, global market plunge, and Trump walking back regime change as a goal.
Iran strikes U.S. embassies in Saudi Arabia and Kuwait as Trump says war could last five weeks and State Department evacuates personnel in six Middle Eastern nations.
OPEC+ debates larger than expected oil output increase after Iran war shuts down Strait of Hormuz shipping and prices hit eight-month high.
Social Security trust fund now projected to run dry in 2032, one year earlier than expected, after Trump’s tax law drained $168 billion from the program.
NASA cancels Boeing’s multibillion-dollar rocket stage and restructures Artemis to attempt up to two lunar landings in 2028, citing China competition.
Department of the Treasury terminates collective bargaining agreements at IRS and Bureau of Fiscal Service, cancels all ongoing negotiations and arbitrations.
Trump raises prospect of “friendly takeover” of Cuba as U.S. blocks oil shipments and Rubio holds secret talks with Castro’s grandson.
Federal Reserve challenges Jeanine Pirro’s subpoenas in sealed court proceedings, seeking to block the criminal probe Powell calls pretext for Trump’s campaign to control interest rates.
Judge rules California must let 20,000 immigrant truck drivers keep their licenses despite Trump administration threats to revoke the state’s authority to issue commercial licenses entirely.
Federal judge rules IRS violated the law 42,695 times by disclosing confidential taxpayer addresses to ICE through an automated system that matched names and Social Security numbers in bulk.
USDA transfers massive DC headquarters to GSA as part of plan to cut capital-area workforce from 4,600 to 2,000, with $1 billion in deferred maintenance costs piling up.
Trump’s Treasury undersecretary for terrorism financing exits after objecting to blanket surveillance of Minneapolis Somali community, with administration offering him ambassador to Germany instead.
Treasury sanctions 30 Iranian entities tied to missiles, drones, and oil smuggling one day before U.S. and Iran resume nuclear talks in Geneva through Omani mediators.
White House weighs executive order requiring banks to collect citizenship information from all customers, a new enforcement tool that banks say has no clear legal basis.
Trump declares “golden age” in record longest State of the Union, pivoting from economic sales pitch to blaming Democrats for “destroying” the country.
FedEx becomes first major company to sue for refund of Trump’s tariffs after Supreme Court ruled them illegal, joining Costco and others with pending claims.
EU demands United States honor July trade agreement after Trump raises global tariff from 10% to 15% in response to Supreme Court ruling blocking his emergency tariffs.
JPMorgan admits for the first time that it closed Trump’s bank accounts after the Jan. 6 attack, as his $5 billion lawsuit alleges the bank also placed him on a reputational blacklist shared across the industry.
Trump raises global tariffs to 15%, the maximum allowed under a separate trade law, one day after the Supreme Court struck down his emergency tariff powers 6-3.
Ambassador Bridge owner gave $1 million to Trump’s super PAC 24 days before Trump threatened to block the competing Gordie Howe Bridge from opening.
EPA rolls back mercury and toxic emission limits on coal plants nationwide, returning to weaker Obama-era standards the Biden administration had tightened.
Supreme Court strikes down Trump’s tariff authority 6-3, ruling the law he used to impose duties on nearly every country does not authorize tariffs; Trump announces new 10% global tariff hours later.
Trump defends tariffs and claims “I’ve won affordability” at Georgia campaign stop as polls show 57% disapprove of his economic stewardship and 68% rate the economy fair or poor.
White House economic advisor Hassett calls for discipline of New York Fed researchers whose study found 90% of tariff costs fall on US companies and consumers.
New law requires IRS to tell taxpayers the specific line where math errors occurred on their returns instead of sending vague correction notices.
Secretary of State Rubio tells Orban “your success is our success” during Budapest visit two months before April election where Orban trails opposition challenger in polls.
Pentagon airlifts a five-megawatt nuclear reactor from California to Utah aboard three C-17s, the first time a nuclear reactor has been transported by military aircraft, with plans to generate power by July 4.
Federal Reserve research finds the average U.S. tariff rate jumped from 2.6% to 13% in 2025, with American consumers and businesses absorbing 94% of the cost through August and 86% by November.
Trump administration releases $30 million of $205 million in frozen funding for the Hudson Tunnel Project after two states sued and an appeals court upheld the order to pay.
ICE plans to spend $38.3 billion to convert warehouses into eight large-scale detention centers and 16 processing sites, expanding capacity to 92,600 beds using funds from the OBBBA.
Trump tells Fort Bragg soldiers “we are feared” while praising the Maduro capture and outlining plans for U.S. oil companies to rebuild Venezuela’s energy industry.
