US Politics & Business News
Read the latest news about U.S. politics today at Congress.net
Senate Minority Leader Chuck Schumer announced on Wednesday that Senate Democrats will force a vote on an Iran war powers resolution when Congress returns from spring recess next week, describing the two-week ceasefire as “not a strategy, not a diplomatic solution, not a plan.” The move reflects a Democratic caucus that has concluded the ceasefire…
US stocks managed a slim fourth consecutive day of gains on Monday, with the S&P 500 rising 0.44% to close at 6,611.83, the Dow adding 165.21 points to settle at 46,669.88 and the Nasdaq Composite gaining 0.54% to 21,996.34 — but futures reversed course after the close as Trump held a White House press conference…
Markets return to full trading on Monday for the first time since Thursday after observing the Good Friday holiday, with investors stepping back into a financial landscape shaped almost entirely by the ongoing US-Iran war and the diplomatic signals that have flickered into view over the past week. The S&P 500 enters Monday near the…
House Democrats are preparing to force a second War Powers Resolution vote when the chamber returns from recess on April 14, having spent the intervening weeks repairing the fractures that caused the first attempt to fail on a 212-219 vote in early March. The effort to rein in President Trump’s authority to continue military operations…
President Trump delivered his first prime-time address to the nation on the Iran war on Wednesday night, speaking for less than 20 minutes from the White House in a speech the administration billed as containing “an important update.” What followed was largely a recitation of positions and claims the president has made repeatedly over the…
Markets spent the morning of April 2 digesting a reality that the previous two sessions’ relief rally had refused to price in: Trump’s primetime address to the nation on Wednesday night was not the off-ramp investors were waiting for. S&P 500 futures fell 1.29% overnight after the speech, Nasdaq 100 futures lost 1.59%, and Dow…
Tuesday was the kind of day Wall Street had been desperate for since February 28. The Dow Jones jumped 1,125 points, the S&P 500 surged 2.91%, and the Nasdaq advanced 3.83% — each index posting its biggest single-day gain since May — after Iranian President Masoud Pezeshkian signalled publicly that Tehran has the “necessary will”…
The Wall Street Journal dropped a significant story late Monday night that immediately sent futures higher and oil prices tumbling: Trump has privately told senior aides he is willing to end the military campaign against Iran even if the Strait of Hormuz remains largely blocked. The report, citing administration officials, said Trump and his team…
The annual Conservative Political Action Conference wrapped up in Dallas on Saturday with a notable absence at its centre: President Trump skipped the event entirely, breaking a decade-long tradition of closing the conference with a signature rally. His absence comes exactly one month after the United States launched strikes against Iran — a military operation…
The US war with Iran — launched without a Congressional vote and now in its fourth week — is beginning to fracture the Republican unity that Trump typically relies upon for military and foreign policy initiatives. A closed-door briefing for the House Armed Services Committee on Wednesday involving Department of Defense and intelligence officials left…