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Bessent to speak as Trump administration expected to unveil new Iran sanctions

Washington — Treasury Secretary Scott Bessent is holding a press conference Monday at the Treasury Department as the Trump administration announces the details of what it’s calling “economic D-Day” for Iran.  Bessent is expected to broaden the administration’s current sanctions regime with the threat of stronger secondary sanctions on entities and countries that transact with…

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U.S. intelligence agencies warn Putin could test NATO by authorizing provocative actions

American intelligence assessments indicate Russian President Vladimir Putin could be increasingly willing to authorize provocative actions that could extend onto NATO territory, U.S. officials briefed on the matter told CBS News. Those actions could include hybrid operations, cyberattacks and other deniable measures short of a conventional military campaign, the officials said. The assessments reflect a…

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Inflation held steady in February before Iran war drove up gas prices, CPI report shows

The Consumer Price Index rose at an annual rate of 2.4% in February, unchanged from the prior month and representing a cooler pace than economists had forecast. The Labor Department data captures the period before the Iran war broke out in late February. Since then, oil prices have surged, driving inflation concerns among investors.  “Inflation was starting to ease in…

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