All posts tagged: Government debt

Iran reportedly launches missiles, Trump mulls war deal

Iran reportedly launches missiles, Trump mulls war deal

Published by Sam Flores

US President Donald Trump speaks during an announcement with Environmental Protection Agency (EPA) Administrator Lee Zeldin in the Oval Office of the White House in Washington, DC on May 21, 2026. Kent Nishimura | AFP | Getty Images Iran’s armed forces fired missiles at unidentified targets late Thursday local time, the state media outlet Fars reported. The latest military action in southern Iran came hours after the Pentagon said that Iran had launched a ballistic missile toward Kuwait and deployed attack drones in and around the strait. Earlier Thursday, a White House official confirmed an Axios report that the U.S. and Iran have “mostly agreed” to the terms of an agreement to temporarily end the three-month-old war. But President Donald Trump has yet to give final approval to the 60-day memorandum of understanding, which would extend an ongoing ceasefire and start nuclear negotiations, that official said. Axios reported that American officials said Iran has signed off on that deal, but noted that Tehran has not confirmed that. Major stock indexes rose Thursday, following the reported …

U.S. banks may soon collect citizenship data from customers

U.S. banks may soon collect citizenship data from customers

Published by Sam Flores

Banks in the U.S. may not like the idea of being forced to collect citizenship data on customers, but Treasury Secretary Scott Bessent says they better be prepared for the task. “If Treasury and the banking regulators say it’s their job, it’s their job,” Bessent told CNBC’s Sara Eisen at the Invest in America Forum in Washington, D.C., on Wednesday. An executive order that has been discussed for months took a step closer to reality earlier this week when Bessent said in an interview with Semafor that the EO is “in process.” The planned EO is one more plank in President Donald Trump’s broader effort to tie his immigration policy to collection of information in the United States, including for voting and Census efforts. In the U.S., citizenship documents are not necessary in order to open a bank account. Banks are required to verify identity. The U.S., like many countries, uses “know your customer” rules for bank accounts to prevent money laundering and other forms of financial crime, verifying client identities, assessing risks, and monitoring …