Monday, May 11, 2026

FINANCE

Federal Prosecutors Turned Away from Federal Reserve Building, as Trump Threatens to Fire Powell

(Headline USA) Federal prosecutors made an unannounced visit this week to a construction site at Federal Reserve headquarters that is the focus of an investigation into a $2.5 billion renovation project, according to two people familiar with the visit. Two prosecutors and an investigator from U.S. Attorney Jeanine Pirro’s office...

US Southern Command Kills Six in Latest Boat Strikes in Eastern Pacific Ocean

(Dave DeCamp, Antiwar.com) ​​US Southern Command announced on Monday that its forces bombed an alleged drug-running boat in the waters of Latin America, and said that the attack killed at least two people. On Tuesday, SOUTHCOM announced an attack on another boat that it said killed four people. SOUTHCOM said...

Trump Rejects Reports That US Proposed Iran Suspend Uranium Enrichment for 20 Years

(Dave DeCamp, Antiwar.com) ​​President Donald Trump on Tuesday rejected reports that said the US has proposed to Iran to freeze uranium enrichment for 20 years, suggesting that he wants a permanent end to Iran’s nuclear enrichment program. The president made the comments to the New York Post and again conflated...

7-Eleven Expects to Close Hundreds of its Stores in North America This Year

(Headline USA) Convenience chain 7-Eleven expects to close hundreds of its locations this year. According to earnings filings published last week, 7-Eleven's North American operator plans to close 645 stores in the 2026 fiscal year — outpacing the 205 locations it forecasts it will open during that same time. Seven &...

Trump Urges Extending Foreign Surveillance Program as Some Lawmakers Push for US Privacy Protections

(Headline USA) Congress is set to take up the reauthorization of a divisive program that lets U.S. spy agencies pore over foreigners' calls, texts and emails, with supporters like President Donald Trump saying it has saved lives while critics point to longstanding concerns about warrantless surveillance of Americans. A key...

U.S. Considers Gas Tax Holiday

(Brett Rowland, The Center Square) Americans could soon pay more at the pump as the U.S.-Iran conflict disrupts oil markets, while lawmakers debate suspending the federal gas tax, a move Canada has just taken. Similar plans have been discussed in the U.S., but have yet to advance. In early March,...

Survey: Most U.S. Voters Hold Government Fraud Responsible for High Cost of Living

(Tate Miller, The Center Square) Concurrent with the Trump administration’s War on Fraud, a survey shows that most American voters believe government fraud is responsible for the nation’s high cost of living, with one expert saying that fraud is the “invisible tax.” Utah Treasurer Marlo Oaks told The Center Square...

Vance, Trump Not Budging on Iran Deal

(Sarah Roderick-Fitch, The Center Square) The ball is in Iran’s court, and the U.S. holds all the cards, Vice President JD Vance and President Donald Trump argue after exhaustive talks with the Islamic Republic stalled. Vance, who just returned from a whirlwind trip to Pakistan after participating in talks with...

Report: Taxpayers to Spend $477 Billion on Tax Season

(Andrew Rice, The Center Square)  Taxpayers are expected to spend 6.93 billion hours and more than $477 billion to be in compliance with the 2026 tax filing season, according to a new report released Monday. Tax Day is Wednesday. The National Taxpayers Union Foundation released a report with estimates on...

Mainstream Economists vs. Gold: Who Is Winning the Fight?

(Mike Maharrey, Money Metals News Service) Mainstream economists have been at war with gold for years. And gold is winning. Aaron Brown formerly served as head of market research for AQR Capital Management and now works as a columnist for Bloomberg. In a recent op-ed, he chronicled gold’s ongoing war with economists. John Maynard...

U.S. Government Spending Addiction Drives Yet Another Big Monthly Deficit

(Mike Maharrey, Money Metals News Service) This is your monthly reminder that the U.S. government still has a massive spending problem. The federal government’s Debt Black Hole got a little bigger in March, as Uncle Sam ran yet another big budget deficit. According to the Monthly Treasury Statement, the Trump administration spent $164.1...

Nevadan Dems Ready to Sue if SAVE America Act Passes

(Liam Hibbert, The Center Square)  Nevada has prepared a lawsuit to combat the voter ID legislation Congress is considering, the Nevada secretary of state told The Center Square. Secretary of State Francisco Aguilar and other Democratic leaders in Nevada have spoken out against the potential law. They plan to sue...
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