Increased Tax Refunds Have Been Eaten Up by Iran War Price Spikes, Experts Say
Trump's “Big Beautiful Bill” aimed to stimulate spending with bigger refunds, but inflation has swallowed the benefits.

On the early edition of Balance of Power, Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz discuss peace negotiations between the US and Iran. On today's show, former State Department official Heather Conley, Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino, BGR Group Principal Lester Munson, Lockheed Martin President Tim Cahill and Texas Politics Project Director James Henson. (Source: Bloomberg)
Trump's “Big Beautiful Bill” aimed to stimulate spending with bigger refunds, but inflation has swallowed the benefits.
The fresh strikes from the U.S., and the warning Iran issued in return, have brought renewed instability to the markets.
Iran has repeatedly insisted that a deal must include Lebanon, while Israel has demanded otherwise.
US and Iranian forces clashed near the Strait of Hormuz overnight, even as they tout progress toward an interim peace deal. (Source: Bloomberg)
The US will reduce the number of aircraft and warships available to NATO allies during times of crisis, according to a new report.
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Iran said Tuesday that it would retaliate against violations of its ongoing ceasefire agreement, after US Central Command on Monday confirmed that it had launched strikes on Iranian vessels.
A lack of security clearance didn’t stop a former U.S. official from spouting off on negotiations in Iran, including his hopes to see them “break down” as […]