House Republicans delay a vote on a war powers resolution that would restrict President Trump's military actions in Iran, with lawmakers expected to revisit the issue after Memorial Day recess amid ongoing debate over war authority.
Posts tagged as “Iran Conflict”
President Donald Trump backs temporarily suspending the federal gas tax to ease high fuel prices, but experts say the relief for drivers would be modest. Congressional approval is needed, and the move could cost billions in government revenue.
President Trump faces a Friday deadline under the War Powers Resolution limiting U.S. military action in Iran without congressional approval. The administration argues the conflict is paused under a ceasefire, while lawmakers debate the legality of continued hostilities.
The S&P 500 and Nasdaq hit record highs Wednesday as investors remain optimistic despite ongoing Iran conflict and rising energy prices. Strong corporate earnings and expectations of de-escalation in the Middle East have fueled the rally.
Pope Leo XIV rejects President Trump's accusations of weakness and poor foreign policy, reaffirming his commitment to peace rooted in the gospel. Trump criticized the pope's stance on crime and Iran, prompting a rare direct response from the pontiff during an African tour.
The U.S. added 178,000 jobs in March, exceeding expectations as the unemployment rate fell to 4.3%. Gains in health care, construction, and transportation contrast with concerns over wage growth, labor force participation, and rising energy costs amid the Iran conflict.
U.S. stocks fell sharply and oil prices surged after President Trump pledged continued strikes on Iran without outlining a ceasefire plan or reopening the Strait of Hormuz. The Dow dropped over 600 points as energy prices and inflation concerns rose.