Administration allies are defending a controversial energy pact with Venezuela, arguing it could significantly boost regional oil output. Critics, however, condemn the arrangement as coercive diplomacy that undermines democratic pressures on the Maduro regime.
Greek and American diplomats convened for high-level discussions focused on deepening defense cooperation and economic collaboration between the two nations. Officials highlighted the enduring strength of their alliance amid evolving regional dynamics.
As affordable Chinese automakers like Geely prepare to enter the American market, lawmakers and experts warn of economic and national security risks, pushing for restrictive measures.
American authorities have revised their public assessments regarding recent cybersecurity incidents, clarifying that Chinese actors targeted federal systems rather than successfully breaching them. The adjustment follows internal reviews and aims to correct earlier overstated intelligence reports.
Greek Orthodox Archbishop Elpidophoros held discussions at the U.S. State Department focusing on the long-standing closure of Turkey’s Halki theological seminary and the protection of Christian communities in the Middle East. The meeting highlighted ongoing diplomatic efforts to advance religious freedom in the region.
U.S. officials have formally requested that Ukraine avoid conducting military strikes against Moscow, citing broader strategic and diplomatic concerns regarding the ongoing conflict.
U.S. officials are reducing the population of wild horses on federal lands in Colorado, citing depletion of natural resources, a move criticized by activists as inhumane.
U.S. officials, including Jewish Congressman Paul Schneider, are urging Canada to take action following a suspected arson attack on a kosher restaurant in Montreal, decrying it as a heinous act.
U.S. officials and documents indicate that a tourist helicopter that crashed in the Hudson River, killing six people, was struck by geese. The National Transportation Safety Board (NTSB) confirmed signs of a bird strike as the cause of the fatal accident.
NATO member states have reportedly agreed on a €140 billion military aid package for Ukraine, to be disbursed over 2026 and 2027. This commitment comes as Poland warns of potential Russian provocations and NATO allies emphasize unity against Russian threats.
A megafactory is serving as a critical test case in the U.S.-China tech race, highlighting concerns among U.S. officials about the potential downsides of relying on advanced Chinese technology.
As the FIFA World Cup 2026 approaches, teams are playing warm-up matches and predictions are being made, while an earthquake hit the England camp and a Somali referee was denied entry to the US.
President Trump announced that a peace deal with Iran, which includes the reopening of the Strait of Hormuz and Iran's agreement to give up enriched uranium, is largely negotiated. The announcement has raised questions and concerns, particularly from Israel, as details remain scarce.
Madonna, Shakira, and K-pop sensation BTS have been announced as the headliners for the inaugural Super Bowl-style halftime show at the FIFA World Cup final. This marks a new entertainment tradition for the global football tournament.
The Pentagon has ordered the withdrawal of approximately 5,000 U.S. soldiers from Germany. U.S. officials confirmed the move, which some reports link to a political dispute.
A gunman attempted to attack President Trump and Cabinet members at the White House Correspondents' Dinner, sending anti-government writings to family before the incident and sparking various reactions and conspiracy theories.
Some U.S. officials express concerns that a potential war with Iran could significantly complicate existing contingency plans for the defense of Taiwan.
Alberta has mandated a goal to restore the Montana-Alberta intertie to full capacity, aiming to potentially ease trade tensions previously cited by U.S. officials.
Reports indicate the Pentagon is preparing for potential military operations in Cuba, awaiting a direct order from President Trump. This development coincides with the US Senate's rejection of attempts to limit the President's war-making authority.
“Any language or action that contemplates the end of civilisation is unacceptable in the modern world,” Gandhi said, referring to Trump's “tonight” claim
US President Donald Trump has extended the pause on military strikes against Iran's energy infrastructure until April 6, citing positive negotiation progress. This decision, amid renewed Mideast tensions, has caused global markets to react, with oil prices falling and Seoul and Tokyo stocks opening sharply lower.
Air cargo prices are skyrocketing due to disruptions in key shipping lanes caused by the ongoing conflict in the Middle East. This has forced many carriers to reroute their vessels, leading to longer transit times and increased operational costs, which are then passed on to consumers.
Iran has begun mining the Strait of Hormuz, the critical oil shipping chokepoint, with US naval forces actively destroying the mines. President Trump demanded Iran immediately remove all mines, warning of severe consequences. Reports estimate Iran possesses 5,000-6,000 sea mines, posing a major threat to global shipping.
U.S. officials are reportedly considering a special operation to seize Iran's uranium, despite public confidence about its storage locations, as private intelligence suggests less certainty.
U.S. officials report that Russia is sharing intelligence with Iran, including satellite imagery showing military personnel locations, though some officials downplay the partnership's significance.
The Pentagon provided few details, but the Trump administration has said that Iran’s efforts to kill U.S. officials is one reason the United States launched its bombing campaign.
Israel's military said it had begun a "broad wave of strikes" in Tehran Wednesday morning. U.S. officials touted early gains, while Democrats warned the war could widen.
PoliticsSCMPhindujerusalem-post+2ndtvDaily Star BD6mo ago5 sources
Three US officials familiar with US intelligence said there is serious skepticism that Iran's battered opposition can topple the theocratic, authoritarian governing system.
Senior U.S. officials report a record drop in cartel-related fatalities following intensified maritime strikes against drug trafficking organizations in the Western Hemisphere under current administration policies.
The Japanese yen experienced volatility as traders parsed divergent statements from senior U.S. policymakers regarding interest rates and currency intervention. Market participants are closely monitoring Washington’s stance for clues on future dollar-yen dynamics.
Nigerian anti-corruption authorities have handed over two individuals to U.S. officials on allegations of orchestrating a sextortion scheme targeting teenage boys. The extradition follows a joint investigation into transnational cybercrime operations.
While U.S. officials assert that new domestic oil pipelines will eliminate reliance on the Strait of Hormuz within two years, energy analysts argue this projection is highly unrealistic.
Ukrainian Defense Minister Yevhenii Khmara and U.S. Senator Richard Blumenthal met to discuss strengthening long-term, mutually beneficial relations between their countries.
President Trump announced an 'economic D-Day' against Iran, threatening 'tremendous economic consequences' and 'crushing economic operations' on any country that provides financial assistance or a 'lifeline' to Tehran.
According to U.S. officials, economic sanctions are believed to be more damaging to the Iranian regime than military attacks, with intelligence reports indicating a deep financial crisis in Iran.
US officials are demanding that Iran commit to stopping attacks in the Strait of Hormuz and declare the waterway fully open to all international shipping without transit fees. This comes as traffic through the strait has largely stalled, with the US reportedly giving Iran a 24-hour ultimatum.
U.S. officials are reportedly frustrated with María Corina Machado, the exiled Venezuelan opposition leader, regarding her request for assistance to return home, deeming her timing inopportune.
President Trump announced that a peace deal between the US and Iran would be signed on Sunday, with discussions also focusing on demining the Strait of Hormuz. However, Iran has cast doubt on the timing, stating that a final agreement is not expected within the next 24 hours, while Israel expressed concerns that the potential deal could jeopardize its security interests.
Poland's Defense Minister Wladyslaw Kosiniak-Kamysz stated that U.S. officials assured him no decision had been made to halt the deployment of 4,000 U.S. troops to Poland for a nine-month service period, responding to earlier reports.
President Trump announced a pause in the US operation to escort ships through the Strait of Hormuz, citing 'great progress' made on a deal with Iran. This decision aims to facilitate efforts to de-escalate tensions and end the conflict.
US officials have visited Venezuela following the first direct flight between the two countries since 2019, with a key message focused on oil production.
Some U.S. officials suggest that the extensive use of munitions in the "Iran War" has depleted American stockpiles to a degree that could complicate contingency plans for defending Taiwan.
JPMorgan is preparing a fresh push into the private credit market, while U.S. officials are simultaneously working to understand and manage the potential risks associated with the rapidly growing sector.
Russia has proposed taking Iran's enriched uranium, a suggestion that has sparked debate among international officials and experts, with some viewing it as a potential 'win-win' despite U.S. officials ruling it out.
Travel influencer Lexie Limitless alleges that U.S. officials asked her to become a spy following her trips to Syria and Yemen. The claim raises questions about the intersection of travel, social media, and national security.
US officials have reportedly expressed being underwhelmed by the economic proposals put forth by France's far-right parties. This assessment comes amid growing political uncertainty in France.
The search for the missing American pilot from a US fighter jet shot down by Iran continues into its second day, with the pilot rescued but the whereabouts of the weapons systems officer still unclear.
The FBI has issued a warning that Russian intelligence-linked hackers are targeting Signal users, including U.S. officials and journalists, leading to thousands of compromised accounts.
French media reports indicate that US President Donald Trump ignored repeated warnings from his intelligence services about the risk of Iranian retaliation and a blockade of the Strait of Hormuz before launching attacks that escalated tensions in the Gulf.
U.S. officials say the country’s weapons have been diminished, slowing its attacks on Gulf nations and Israel. Iran may also be holding some weapons in reserve in case the conflict is prolonged.
Israel said it carried out airstrikes targeting Iran's security apparatus as both Israeli and U.S. officials hint at a regime change and popular uprising.
Iran’s skies were left unusually empty as escalating aerial warfare forced airlines to reroute away from volatile West Asian airspace. Flight tracking data showed civilian aircraft absent for hours, highlighting mounting security fears. As Iran warned it could fire on ships in the Strait of Hormuz, U.S. officials rejected claims of a closure, fuelling global oil market concerns.
Iranian Supreme Leader Ayatollah Ali Khamenei has been killed and his body found, a senior Israeli official has told Reuters, though no official confirmation has yet been issued. Axios, citing a separate Israeli official, also reported that Israel’s ambassador to the United States had informed U.S. officials that Khamenei was killed in Israeli-U.S. strikes on […]
Panics, Politics, & Power: America's 3 Experiments With Central Banks
Authored by Andrew Moran via The Epoch Times,
The Federal Reserve, established more than a century ago, is the United States’ third experiment with central banking.
For much of its existence, the institution maintained a low public profile.
Only after the 2008 global financial crisis did the Fed begin communicating more openly, introducing post-meeting press conferences and allowing monetary policymakers to engage more frequently with the media.
Greater transparency, however, has brought greater scrutiny.
Public sentiment toward the Fed and its leadership has fluctuated over the years. Today, YouGov polling suggests the central bank is viewed favorably by 44 percent of Americans and unfavorably by 18 percent.
If the Fed pursues a series of reforms, it will have “another great 100 years,” said Kevin Warsh, who was nominated by President Donald Trump to serve as the institution’s next chair.
Comparable to past central banks, Warsh said, the current Federal Reserve System is beginning to lose the consent of the governed.
“You can think about the Jacksonians of prior times say that the central bank seems like they’re trying to focus and they’re all preoccupied with those special interests on the East Coast, and they’ve lost track of what’s happening to us in the center of the country,” Warsh said in a July 2025 interview with the Hoover Institution’s Peter Robinson.
“It’s a version of what worries me today.”
What happened in the past, and why is it relevant to today’s central bank?
The First Bank of the United States
In the aftermath of the American Revolution, the United States faced a series of immense economic disruptions, forcing the nation’s architects to rebuild the economy.
The objective was to lower inflation, restore the value of the nation’s currency, repay war debt, and revive the economy.
Alexander Hamilton, the first secretary of the Treasury under the new Constitution, proposed establishing a national bank modeled on the Bank of England. Hamilton stated that a U.S. version would perform various duties, including issuing paper money, serving as the government’s fiscal agent, and protecting public funds.
Not everyone shared Hamilton’s ebullience over a central bank.
Thomas Jefferson, for example, feared that such an institution would not serve the nation’s best interests. Additionally, Jefferson and other critics argued that the Constitution did not grant the government the authority to create these entities.
Nevertheless, Congress enacted legislation to establish the Bank of the United States. President George Washington then signed the bill in February 1791.
Two of America's founding fathers: Thomas Jefferson (L) and Alexander Hamilton. The White House
While bank officials did not conduct monetary policy as modern central banks do, they did influence the supply of money and credit, as well as interest rates.
The entity managed the money supply by controlling when to redeem or retain state‑bank notes. If it sought to tighten credit, it would require payment in gold or silver, thereby draining state banks’ reserves and limiting their ability to issue new notes. If it wanted to expand credit, it simply held on to those notes, boosting state‑bank reserves and enabling them to lend more.
By 1811, the national bank’s charter expired.
While there had been discussions of allowing it to continue maintaining operations, Congress—both chambers—voted against renewing its mandate by a single vote.
Its closure came shortly before the War of 1812, which fueled inflation and weakened the currency.
Second Bank of the United States
Lawmakers believed another central bank was critical at a time of fiscal, inflationary, and trade pressures.
Congress used a similar 20-year model to produce the Second Bank of the United States, headed by Nicholas Biddle. The second incarnation had a federal charter, was privately owned, and was tasked with regulating state banks (with gold and silver for note redemption).
President James Madison, who opposed the first central bank on constitutional grounds, supported the new institution out of financial necessity.
Its creation stabilized credit and brought down inflation. However, by the 1830s, the bank faced strong opposition, particularly from President Andrew Jackson.
Labeled the Bank War, Jackson engaged in a years-long initiative to dissolve the central bank.
Jackson claimed the national bank was a tool for the wealthy eastern elite and a threat to self-government.
“The Jacksonians described themselves as conscious hard-money men who supported the rigid discipline of the gold standard, yet they opposed the newly powerful national Bank because it restrained the expansion of credit and, thus, thwarted robust economic expansion,” author William Greider wrote in “Secrets of the Temple.”
In 1832, Jackson vetoed legislation to recharter the bank four years early, delivering a fiery message that historians say was one of the most important vetoes in the nation’s history.
“It is to be regretted that the rich and powerful too often bend the acts of government to their selfish purposes. Distinctions in society will always exist under every just government,” Jackson wrote.
“There are no necessary evils in government. Its evils exist only in its abuses. If it would confine itself to equal protection, and, as Heaven does its rains, shower its favors alike on the high and the low, the rich and the poor, it would be an unqualified blessing. In the act before me, there seems to be a wide and unnecessary departure from these just principles.”
The charter expired in 1836, leading to the panic of 1837.
An economic crisis unfolded, leading to bank failures, business bankruptcies, rising unemployment, and contracting credit. While the collapse of the central bank is often considered a leading cause, the British also urged London banks to reduce credit to American merchants, causing a sharp drop in global trade.
As the smoke cleared and dust settled, it was not until the 1840s that the United States embarked on a historic economic recovery, now known as the Free Banking Era.
Banking was decentralized, and finance was largely unregulated. Despite an erratic financial system, the U.S. economy grew rapidly: agricultural production accelerated, railroads were built, and the country expanded westward. Additionally, deflation was paramount throughout most of the economic expansion.
The Federal Reserve System
The panic of 1907 led to the creation of the Federal Reserve System.
Following years of heavy borrowing, speculative commodities investments (mainly copper), and enormous stock market gains, a financial crisis was brewing. The event nearly brought down the U.S. banking system.
J.P. Morgan, a financier, intervened and emulated the actions of modern central banks. He met with the nation’s top bankers, facilitated emergency loans to financial institutions, and backed stockbrokers. The damage had been done as the United States fell into a year-long recession, marked by high unemployment and widespread bank failures.
The Federal Reserve Board of Governors seal in Washington on Oct. 29, 2025. Madalina Kilroy/The Epoch Times
Washington realized that it could not rely on private bailouts to prevent sharp downturns.
Sen. Nelson Aldrich (R-R.I.) is widely regarded as one of the chief architects of the modern Federal Reserve System.
In 1910, Aldrich hosted the famous Jekyll Island meetings, a gathering of U.S. officials and bankers, to discuss the blueprint of a new central bank.
While the initial draft laid the foundation for the institution, the official Federal Reserve Act was drafted by President Woodrow Wilson, Rep. Carter Glass (D-Va.), and H. Parker Willis, an economist on the House Banking Committee.
The new system was a public-private hybrid, with the federal government firmly in charge, and bankers running the regional reserve banks.
“It was Wilson’s great compromise,” wrote Greider, “creating a hybrid institution that mixed private and public control, an approach without precedent at the time.”
The legislation triggered a contentious political debate over the extent of its independence from the Treasury and the degree of authority delegated to policymakers over currency issuance.
Days before Christmas, the bill cleared both chambers and was signed into law by Wilson on Dec. 23.
“Wilson’s conviction that he had struck the right moderate balance seemed confirmed, however, by the reactions to his legislation,” Greider noted.
“It was attacked by both extremes—the ‘radicals’ from the Populist states and the bankers in Wall Street and elsewhere.”
Since its inception in 1913, the modern Federal Reserve has undergone numerous changes and has gained greater power.
The New Deal, for instance, allowed the Fed to become the lender of last resort as Washington learned the central bank could not prevent bank failures.
In 1951, the Treasury-Fed Accord restored central bank independence after the Federal Reserve had been forced to keep interest rates artificially low throughout the Second World War.
Congress then enacted the Federal Reserve Reform Act in 1977, establishing the dual mandate of promoting maximum employment and maintaining price stability.
2026 and Beyond
Over the past 50 years, the Fed has undergone modest changes, including the issuance of forward guidance and the disclosure of emergency lending facilities.
But while each new regime has nibbled around the edges, Warsh has suggested he could effect substantial reforms at the central bank.
“Until there’s regime change at the Fed and new people running the Fed, a new operating framework, they’re stuck with their old mistakes,” Warsh told Fox Business Network in October 2025.
“Bygones aren’t just bygones.”
Tyler Durden
Wed, 02/18/2026 - 16:20
U.S. officials are targeting Chinese chemical manufacturers allegedly using customs fraud to illegally export unapproved retatrutide peptides to American consumers, raising concerns over links to fentanyl precursor networks.
American authorities have formally accused the Chinese state-owned shipping giant COSCO of using its vessels to collect sensitive military intelligence abroad.
U.S. officials confiscated a vast collection of antiquities dating back 1,000 to 5,000 years, including Egyptian statues and ancient Greek and Roman coins, in a significant law enforcement action against illicit trafficking.
Alberta Premier Danielle Smith will hold talks with American counterparts next week, emphasizing diplomatic solutions to de-escalate the ongoing trade conflict between Canada and the United States.
U.S. officials have assured allied nations that Washington does not currently intend to conduct military strikes against Iran. Instead, the administration is focusing on intensifying economic pressure and diplomatic efforts to curb Tehran's regional activities.
The United States and Canada are reportedly very close to finalizing a trade agreement, with Canadian officials expressing optimism after extensive meetings with their U.S. counterparts. Efforts are underway to conclude the deal before a looming deadline set by the Trump administration.
WorldAPFTdnevnik-bg+2Times of IndiaDaily Sabah14d ago5 sources
Israeli airstrikes on a Syrian air base, reportedly after a Turkish delegation visit, have sparked international criticism and frustration from U.S. officials. The strikes have intensified the Israel-Turkey rivalry and raised concerns about potential military escalation.
Brazilian authorities refused visas to two senior U.S. officials, citing concerns that they intended to sow doubt about the security of the country’s voting systems.
Organizers of Denmark's Fourth of July celebration have uninvited U.S. officials from participating in response to President Donald Trump’s threats to acquire Greenland.
U.S. officials are reportedly frustrated with the exiled Venezuelan leader's recent call for assistance, indicating tensions in the diplomatic relationship.
US officials reportedly advised Colombia to cancel President Gustavo Petro’s planned meeting with Mayor Mamdani of New York. This follows the State Department's cancellation of Petro's visa last year after he attended a pro-Palestinian rally.
President Trump stated that the US would not rush into a deal with Iran, tempering expectations for a swift resolution to ongoing tensions. This comes as Gulf states reportedly pressure the US to avoid further conflict and a tanker blackout rattles the region ahead of oil transfers.
During his visit to China, former President Trump met with President Xi Jinping and controversially agreed with Xi's assessment of the United States as a 'declining nation,' attributing the decline to the Biden administration. The leaders also discussed potential trade deals and warnings regarding Taiwan.
Despite U.S. officials' promises to 'unleash prosperity' by taking control of Venezuela's oil industry after Trump's efforts to oust Maduro, many Caracas residents report that daily life has seen minimal improvement.
Cuba confirmed that it recently held direct talks with U.S. officials in Havana, a rare diplomatic engagement aimed at addressing issues including the energy blockade.
A US delegation visited Havana to present proposals for Cuban reforms, emphasizing a narrow window of time for the economic and political changes demanded by the Trump administration.
U.S. officials have issued a travel advisory for Tirana, Albania, urging American tourists to exercise increased vigilance. The warning comes amid ongoing global tensions related to Iran.
A US F-15E fighter jet was shot down by Iranian forces, marking the first such loss in the conflict. One pilot has been rescued, while a search operation for the second crew member is underway, with Iran also offering a reward for their capture.
Years prior to the Prince Sultan attack, U.S. officials had reportedly raised alarms regarding the vulnerability of Gulf bases, according to new reports.
With little information coming out of Iran, it was not clear how much damage its arms, nuclear or energy facilities have sustained since the war began February 28 or even who was truly in charge of…
Iceland's Foreign Minister, Þorgerður Katrín Gunnarsdóttir, stated that during her meetings with U.S. officials in Washington, it was made clear that Iceland is not exempt from increased contributions by European nations to NATO.
Attorney General Pam Bondi has discreetly moved to a military base in Washington along with other U.S. officials after receiving threats from drug cartels, following her involvement in the prosecution of Nicolás Maduro and the Jeffrey Epstein case.
Ukrainian and U.S. officials have discussed the possibility of relocating and postponing the next round of peace talks with Russia due to the war in the Middle East, President Volodymyr Zelensky said…
The United States military carried out a strike that hit an Iranian warship off Sri Lanka’s coast, three U.S. officials told Reuters on Wednesday. One of the officials, who was speaking on condition of anonymity, said it was carried out by a U.S. military submarine. Earlier, Sri Lankan authorities said they had rescued 32 people […]
U.S. officials said they were negotiating with Iran in good faith, even if hours later they joined Israeli military strikes that targeted the Iranian government.
China offers humanitarian aid to Ukraine at the Munich conference while simultaneously being accused by U.S. officials of quietly enabling Russia's war effort, with a U.S. official suggesting Beijing could end the conflict.