School district faces tens of thousands of dollars in extra fuel costs as diesel price soars – CBS News Watch CBS News A school district in the suburbs of Philadelphia is being burdened by rising diesel prices amid the Iran war. Ali Bauman has the story. Source link
8/29: CBS Weekend News – CBS News Watch CBS News Trump says gas prices to fall with new deal; Iran war hikes diesel costs for school buses. Source link
President Trump announced a deal Friday to grant the United States majority control of over 65 billion barrels of proven Venezuelan oil reserves — as the Trump administration angles to get oil companies to return to the country after a U.S. military operation replaced the country’s leadership earlier this year. The administration has not yet…
Cattle ranchers are speaking out against a Trump administration plan to temporarily waive higher tariffs on ground beef imports, arguing it will undercut their business and prevent them from rebuilding their dwindling cattle herds. President Trump announced on Truth Social last week that the U.S. will import 300,000 metric tons of ground beef — about…
Federal Reserve Chairman Kevin Warsh reaffirmed the central bank’s commitment to lowering consumer prices, acknowledging that inflation remains too high in a highly anticipated speech in Jackson Hole, Wyoming. During remarks at the Fed’s annual conference, Warsh said that recent government data shows inflation has cooled, but “they do not tell me that underlying trends…
The head of the U.S. military’s Central Command, Adm. Brad Cooper, has echoed President Trump’s insistence that the Strait of Hormuz shipping lanes are clear of sea mines, saying they are “open, and momentum is building.” He acknowledged, however, that vessels still seek direct U.S. military protection to use the vital waterway, which Iran has…
Republicans, cattle ranchers angry at Trump for beef import tariff suspension – CBS News Watch CBS News President Trump visited Texas on Thursday amid criticism of his plans to lower beef prices by importing more beef from overseas. Ed O’Keefe reports. Source link
Toronto Mayor Olivia Chow told CBS News that the escalating tariff fight between the U.S. and Canada is “a lose-lose situation” and “really unnecessary,” arguing the trade dispute threatens jobs in Canada and could increase prices for Americans. Canada’s tit-for-tat tariffs of up to 50% on $20 billion worth of American goods announced Tuesday are…
Washington — President Trump’s investment accounts have continued to purchase and sell stock holdings in oil and natural gas companies while he oversees the U.S. war with Iran, according to his financial disclosure filings through the second quarter of 2026. As the Iran war continued, paused for a ceasefire and then restarted, Mr. Trump has…
The Personal Consumption Expenditures index — the Federal Reserve’s preferred inflation measure — held at a 3.7% annual pace in July, slightly higher than forecasted and reflecting persistent cost pressures for consumers. Economists polled by FactSet had predicted a 3.6% annual increase. Wednesday’s report instead showed that inflation remained unchanged from June. PCE tracks changes…
