Monday, June 22, 2026

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Auto Debt Hits $1.68 Trillion as Car Payments Crush Americans

(José Niño, Headline USA) American auto debt surged to $1.68 trillion by the close of 2025, marking a 37 percent jump from late 2018 when the total sat at $1.23 trillion, CNBC reported. A new analysis by The Century Foundation and Protect Borrowers provided the data exclusively to the...

Trump Taps 53 Million Barrels from Oil Reserves Amid Iran War

(José Niño, Headline USA) The Trump administration said Monday it would loan out 53.3 million barrels of crude from the Strategic Petroleum Reserve to energy firms as fuel costs soar during the conflict with Iran, Just The News reported. The release comes after Washington agreed in March to put 172...

Detroit Border Agents Seize Greatest Volume of Drugs at Northern Border

(Bethany Blankley, The Center Square) Over the past seven years, Border Patrol agents working in the U.S. Customs and Border Protection Detroit Sector have seized the greatest volume of drugs at the northern border. The CBP Detroit Sector area of responsibility covers four states: Illinois, Indiana, Michigan and Ohio. It...

Ship Operator and Employee are Charged in Crash that Caused the Deadly Collapse of Baltimore Bridge

(Headline USA) Federal prosecutors announced charges Tuesday in the 2024 collapse of Baltimore’s Francis Scott Key Bridge, accusing the Singapore-based operator of a ship and a key employee of making critical decisions that led to the disaster and the deaths of six people. The indictment names Synergy Marine Pte Ltd.,...

Trump’s Proposed ‘Golden Dome’ Estimated to Cost $1.2 Trillion

(Headline USA) President Donald Trump's plan to put weapons in space — pitched as a "Golden Dome for America” missile defense program — is estimated to cost $1.2 trillion, according to a new analysis from the Congressional Budget Office, a far heftier sum than the initial $175 billion price...

No Matter How You Slice the Data, It Keeps Coming Up Inflation

(Mike Maharrey, Money Metals News Service) No matter how you slice the data, it keeps coming up inflation. The April CPI data did nothing to allay fears of renewed inflationary pressure as rising energy prices continued to impact the economy. On a monthly basis, the CPI rose 0.6 percent, adding to...

De-Dollarization: Has the End of History Ended?

(Mike Maharrey, Money Metals News Service) Are we in the early stages of a fundamental shift in global monetary history? Analysts at Deutsche Bank Research Institute think we are. They see a future where the dollar plays a much smaller role. As the USSR’s empire crumbled, Francis Fukuyama proclaimed that humanity...

Trump Confirms Gas Tax Suspension Push as Prices Hit $4.52

(Brett Rowland, The Center Square) President Donald Trump confirmed Monday that he wants to temporarily suspend the 18.4-cent federal gas tax, with Republican lawmakers in both chambers announcing plans to introduce legislation hours later, but key details including duration, cost offset, and a phase-back trigger remain undefined. "I think it's...

Inflation Is Americans’ Biggest Financial Worry and It’s Not Even Close

(Mike Maharrey, Money Metals News Service) The inflation dragon is alive and well. Last November, Donald Trump called himself “the affordability president.”  However, it appears that the message is falling flat with your average American. Based on a recent Gallup poll, affordability tops the list of Americans’ most pressing financial problems. In...

Court Strikes Tariff, Trump Moves Ahead with Replacement

(Brett Rowland, The Center Square) President Donald Trump's administration signaled Friday it intends to appeal a federal trade court's ruling striking down his 10% global tariff as unlawful, while simultaneously pressing ahead with a separate round of import taxes that could take effect as early as July. American businesses have...

U.S. Farmers Struggling with High Price of Fuel, Fertilizer as Bankruptcies Rise

(Thérèse Boudreaux, The Center Square) As Congress continues working on the long-overdue federal farm bill, American farmers entering planting season are facing a grim financial landscape. Due to the U.S.-Iran conflict and the Trump administration’s tariffs, American farmers are getting slapped with higher operational costs, which not only raise the...

Iran Warns the US Against Attacks on its Oil Tankers and Other Ships but Ceasefire Appears to Hold

(Headline USA) Iran's Revolutionary Guard navy on Saturday warned that any attack on Iranian oil tankers or commercial vessels would be met with a “heavy assault” on one of the U.S. bases in the region and enemy ships, even as a tenuous ceasefire appeared to be holding. Iranian state TV...
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