Economy – Articles, Analysis, Opinion

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U.S. Sen. Chuck Grassley of Iowa is 93. He hasn’t said whether he’s going to run again in 2028. Tom Williams/CQ-Roll Call, Inc via Getty Images

Why older lawmakers may wait too long to step aside

Many older incumbents are on the ballot for the 2026 midterms, adding to America’s debate over the wisdom of aging politicians delaying their retirement.
Oil-related prices are high, but poised to go even higher. Afry Harvy/iStock / Getty Images Plus

Why fuel prices may go higher still

Seven months into the US conflict with Iran, with no clear end in sight, the global oil market has now largely exhausted the safety measures that exist to keep a lid on petroleum prices.
U.S. Army Special Forces soldier Gannon Ken Van Dyke, left, was indicted for making wagers on the arrest of Nicolás Maduro while being part of the military operation that captured the Venezuelan leader. Edna Leshowitz/Getty Images

Why making Americans bet with cash could protect people from gambling problems

By adding friction and making it possible for people around problem gamblers to see what they’re up to, a cash requirement could protect them from big losses.
Demand for rail freight shipping is up, as trucking becomes more expensive. Both use diesel fuel, but trains are more efficient at carrying heavy loads long distances. Scott Olson/Getty Images

Trump speculates on diesel fuel export ban as high prices ripple across US economy

There’s not much diesel fuel lying around, and lots of people want to buy what is available, as well as what little is produced each day. It’s all a matter of supply and demand.