The Iran war has underscored how disruptions to a key shipping route thousands of miles away can have a material impact on what American consumers pay at home for essentials like gasoline. The conflict, now nearing its six-month mark, has throttled traffic through the Strait of Hormuz, a key artery for global energy shipments, as…
Treasury Secretary Scott Bessent says the Trump administration is moving quickly to crack down on criminal enterprises, cartels and undocumented immigrants using the U.S. financial system for their payroll schemes, illicit financing and other fraud. In remarks to Arizona bankers Thursday, Bessent said, “This administration will not tolerate blatant abuse of our financial system, nor…
The following is the full transcript of an interview with Bank of America CEO Brian Moynihan, a portion of which aired on “Face the Nation with Margaret Brennan” on July 19, 2026. Editor’s note: This interview was taped on July 16, 2026. MARGARET BRENNAN: We’re joined now by the president and CEO of Bank of…
