Bloomberg Politics

Saudi Oil Output Capacity, Pipeline Flows Cut in Supply Risk

Apr 9, 2026Center

Saudi Arabia has lost more than half a million barrels a day of oil output capacity because of Iranian attacks while a key pipeline that bypasses the Strait of Hormuz was also hit, ratcheting up risks to global energy supplies from the war in the Middle East.

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Big Oil heads for biggest profits in years as Trump pushes for lower gas prices

New York Post

3 hours ago

Big Oil heads for biggest profits in years as Trump pushes for lower gas prices

President Trump is ramping up pressure on the industry to lower gas prices ahead of November’s midterm elections.

Right

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Europe Has Replaced Most US Cuts Within NATO, Top Commander Says

Bloomberg Politics

5 hours ago

Europe Has Replaced Most US Cuts Within NATO, Top Commander Says

European NATO allies have mostly replaced the assets that the US has cut from its rescue plans in case of a war in Europe, Deputy Supreme Allied Commander Europe Sir John Stringer said in an interview.

Center

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Pay-to-play cycle behind GOP's corporate tax cuts exposed in new report

Raw Story

7 hours ago

Pay-to-play cycle behind GOP's corporate tax cuts exposed in new report

Major American corporations that benefited from tax cuts enacted last year by President Donald Trump and congressional Republicans are donating to the campaigns of GOP lawmakers who made the windfall possible.A report published Friday by Unrig Our Economy spotlights seven House Republicans who voted for the sprawling and unpopular GOP budget package, which extended tax breaks for corporations and wealthy Americans while inflicting unprecedented cuts on Medicaid and federal nutrition assistance—with disastrous consequences for millions of low-income families across the country.Rep. Mariannette Miller-Meeks (R-Iowa), one of the lawmakers featured in the new report, has received campaign donations from corporate PACs representing 3M, Amazon, Walmart, AT&T, and other companies that collectively received billions of dollars in tax breaks from the Republican law, which restored a provision allowing businesses to immediately write off new investments.Amazon saw its US income taxes fall by more than half last year due to the GOP law, even as the company’s profits grew. Unrig Our Economy noted that Amazon, whose PAC donated thousands to the Republicans spotlighted in the new report, has an effective federal tax rate of 1.37% following enactment of the budget law.Miller-Meeks, who has received at least $57,000 in donations from the PACs of companies that benefited from the 2025 law, issued a statement Thursday bragging about supporting “the largest tax cuts in American history,” not mentioning that the benefits will disproportionately flow to profitable corporations and the richest people in the country.“Thanks to the Republican tax law, corporations are receiving tax breaks, House Republicans are getting campaign cash, and working families are getting stuck with the bill,” the report states.Another Republican lawmaker featured in the report, Rob Bresnahan of Pennsylvania, received $2,500 in campaign donations from the PAC of FirstEnergy, which reaped $500 million in depreciation deductions thanks to the GOP tax law.“Bresnahan voted to give FirstEnergy hundreds of millions in tax breaks even after the company raised utility prices for his constituents,” Unrig Our Economy’s report observes.The report also points out that Bresnahan “owned stock in every single one” of the companies who contributed PAC money to his campaign following passage of the Republican budget package last summer.“This comes after Bresnahan has already faced scrutiny for dumping stock in Medicaid providers and selling off bonds in Pennsylvania hospitals before voting to slash Medicaid and put rural hospitals at risk,” the report notes.Leor Tal, Unrig Our Economy’s campaign director, said in a statement that “one year ago, House Republicans ripped away healthcare and food assistance from millions of Americans, so that corporations could get massive tax breaks.”“Now, many of those companies are dishing out PAC money to the Republicans listed in this report,” said Tal. “Republicans in Congress sold out many of their own constituents to help corporations get even richer. It’s time that House Republicans step up, do the right thing, and start fighting for working Americans—not giant corporations.”

Far Left

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Hegseth reportedly pulled plug on troop cuts in europe

BizPac Review

8 hours ago

Hegseth reportedly pulled plug on troop cuts in europe

Secretary of War Pete Hegseth reportedly pulled the plug on plans to reduce U.S. troop counts in Europe, The Wall Street Journal reported. Hegseth’s plans were cancelled […]

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Feds Announce Pipeline Steps, BC Advances Protected Areas

The Tyee | BC's home for today's news, analysis and updates

8 hours ago

Feds Announce Pipeline Steps, BC Advances Protected Areas

Alberta’s path to the coast won’t threaten the northern tanker ban. But the new oil pipeline will land near Vancouver.

Far Left

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Inside Carney’s Pipeline Deal with Alberta and BC

The Tyee | BC's home for today's news, analysis and updates

8 hours ago

Inside Carney’s Pipeline Deal with Alberta and BC

Taxpayers will be on the hook for billions to bring oil to Vancouver.

Far Left

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NATO Allies Spar Over Pipelines, Ukraine Support in Summit Talks

Bloomberg Politics

17 hours ago

NATO Allies Spar Over Pipelines, Ukraine Support in Summit Talks

NATO members are struggling to coalesce around a joint statement for their summit next week due to disagreements over projects to extend the alliance’s fuel pipelines to eastern Europe and the duration of financial support for Ukraine.

Center

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Exes Lena Dunham and Jack Antonoff risk awkward run-in at Taylor Swift’s wedding festivities

New York Post

21 hours ago

Exes Lena Dunham and Jack Antonoff risk awkward run-in at Taylor Swift’s wedding festivities

Lena Dunham and Jack Antonoff are risking an awkward run-in as they’re both attending Taylor Swift’s star-studded wedding festivities. The exes, who dated from 2012 to 2017, were both spotted arriving to Madison Square Garden Thursday evening for the pop star’s rehearsal dinner ahead of her wedding to Kansas City Chiefs tight end Travis Kelce....

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Saudi Oil Output Capacity, Pipeline Flows Cut in Supply Risk | ParallaxNews.io

Saudi Oil Output Capacity, Pipeline Flows Cut in Supply Risk

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Saudi Oil Output Capacity, Pipeline Flows Cut in Supply Risk

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