President Donald Trump will decide whether the U.S. participates in the historic release of oil reserves by the International Energy Agency to address the supply disruption triggered by the Iran war, Interior Secretary Doug Burgum told CNBC on Wednesday. “I think what you’re hearing out of the IEA today is reasonable on their part, but…
The joint U.S. and Israeli attack on OPEC member Iran risks a major oil supply disruption in the Middle East that, in a worst-case scenario, could trigger a global economic recession. Iran is the fourth-largest oil producer in OPEC at just over 3 million barrels per day in January. The Islamic Republic shares a coastline…
In his first stint at the Federal Reserve, Kevin Warsh came to a central bank that was about to be asked to save the world. He returns now under very different circumstances, asked to serve a notoriously fickle president who will place significant but very different demands on him. Warsh indeed is a Fed veteran,…
A Chevron gas station in San Francisco, California, US, on Tuesday, Oct. 28, 2025. Jason Henry | Bloomberg | Getty Images President Donald Trump’s call for U.S. oil companies to rebuild Venezuela’s energy sector after the overthrow of President Nicolas Maduro is easier said than done. Chevron holds the advantage as the only major U.S….
Travelers wait in line at a security checkpoint at O’Hare International Airport in Chicago, Illinois on November 7 2025. Kamil Krzaczynski | Afp | Getty Images U.S. airlines started cancelling hundreds of flights on Friday, hours after the Federal Aviation Administration ordered the cuts amid the more-than-monthlong government shutdown. The cuts were ordered as air…
Alex Potemkin | E+ | Getty Images More than 74,000 federal student loan borrowers are stuck in a backlog of applications for a popular student loan forgiveness program. That program, called Public Service Loan Forgiveness Buyback, allows borrowers pursuing PSLF to get their debt wiped away sooner than they might have expected. Signed into law…
California Attorney General Rob Bonta speaks at a press conference in February 2024. CNBC Nearly two dozen attorneys general, and a wide range of consumer groups and advocates, have registered their opposition to the Trump administration‘s proposed regulation that could narrow eligibility for a popular student loan forgiveness program for government and nonprofit workers. The…
The Trump administration is moving to “prevent benefits” for some student loan borrowers under the popular Public Service Loan Forgiveness program, according to an announcement on Monday. The U.S. Department of Education said it issued a notice of proposed rulemaking on its regulations to halt loan forgiveness under PSLF for employees “of organizations that are…
Yurou Guan | Moment | Getty Images Under the Trump administration, more than 72,000 student loan borrowers who are likely eligible for debt forgiveness are stuck in a backlog of applications waiting for the relief. Some of them, like 46-year-old April Osteen, owe just a single payment. Others, like Dan Carrigg of Rhode Island, have…
Jose Luis Pelaez Inc | Digitalvision | Getty Images There’s a way for student borrowers pursuing Public Service Loan Forgiveness to get their debt wiped away sooner than they might have expected. But that program, called PSLF Buyback, has been experiencing some challenges of late. Chief among them: As of July 31, there’s a 72,730-person…
