TEHRAN, Iran — Iran's currency plummeted to a record low Monday, a week before the United States restores sanctions lifted under the unraveling nuclear deal, giving rise to fears of prolonged economic suffering and further civil unrest. Already last month, protesters clashed with police outside parliament in Tehran in three...
FACT CHECK: Trump Falsely Claims Historic Turnaround
WASHINGTON— President Donald Trump falsely claimed Friday he's pulled off "an economic turnaround of historic proportions." Speaking at the White House after the government reported that the economy grew at an annual rate of 4.1 percent in the second quarter, Trump declared that the gains were sustainable and would only...
Report: US Plane Leaves To Pick Up US War Remains in North Korea
PYEONGTAEK, South Korea — A U.S. military plane left from Osan Air Base for North Korea on Friday to pick up the remains of what are believed to be U.S. servicemen killed during the Korean War, South Korea's Yonhap news agency reported. The U.S. military and South Korean government couldn't...
US Economy is World's Biggest. Who Will Lead in 2050?
The U.S. economy has grown by exactly $1 trillion since 2017 to $20.4 trillion, according to the International Monetary Fund. That makes the American economy far and away the world's biggest — more than $6 trillion ahead of runner-up China and more than $15 trillion ahead of No. 3 Japan....
Zakaria: Trump's Blame Game Is Risky Business
The strong reaction to President Donald Trump's news conference with Russian President Vladimir Putin at their Helsinki summit has yet to abate, despite administration attempts to contain the damage. Washington Post columnist Fareed Zakaria describes it as "the most embarrassing performance by an American president I can think of." Equally troubling, Zakaria...
Record Low US Birth Rate Is Ticking 'Time Bomb'
Perhaps you've heard that Americans aren't having as many babies as they did in the past. In fact, the U.S. birth rate dropped to an all-time low in 2017. American women gave birth to 3.85 million infants in 2017, a 2 percent dip from 2016, according to the Centers for...
Drill, Baby, Drill: U.S. Could Become World's Top Oil Producer
The U.S. is on pace to leapfrog both Saudi Arabia and Russia and reclaim the title of the world's biggest oil producer for the first time since the 1970s. The latest forecast from the U.S. Energy Information Administration predicts that U.S. output will grow next year to 11.8 million barrels...
China Vows Retaliation For $200 Billion US Tariff Threat
BEIJING — China's government vowed Wednesday to take "firm and forceful measures" as the U.S. threatened to expand tariffs to thousands of Chinese imports like fish sticks, apples and French doors, the latest salvo in an escalating trade dispute that threatens to chill global economic growth. China gave no details,...
US Slaps Terrorist Designation on Iran-Linked Group
WASHINGTON — The United States designated a Shiite militant group in Bahrain as a foreign terrorist organization Tuesday to ramp up pressure on Iran. The al-Ashtar Brigades are "yet another in a long line of Iranian-sponsored terrorists who kill on behalf of a corrupt regime," Nathan Sales, the coordinator for...
U.S. Following Familiar Path to War with Iran
The Cato Institute's Christopher Preble sees troubling similarities between warnings about threats posed to America's interests by Iran and the build-up leading to the 2003 invasion of Iraq. Writing for The National Interest, Preble points to the efforts by top U.S. officials to make the case for war while relying on information and...