Treasury secretary nominee warns of economic crisis if government spending increases without extending Trump tax cuts. Democratic lawmakers oppose Musk’s access to Treasury office overseeing payments, leading to protests and concerns over security risks. Musk’s involvement with the Bureau of the Fiscal Service is under scrutiny, with some Democrats questioning the extent of his access despite assurances of read-only permissions.
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Oil prices jump after U.S. strike on Iranian nuclear facilities
Oil prices surged and stock futures declined amid rising concerns over economic repercussions from U.S. strikes on Iran's nuclear facilities, with fears about access to the Strait of Hormuz, a crucial oil transit route. Analysts warned that disruptions could lead to significant increases in oil and gas prices, while Iran's parliament considered closing the strait, despite potential harm to its economy and ties with China. Need More Context? 🔎
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