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- Education Department Lowers Student Loan Interest Rates for Two Years
The department, citing high default rates, is reducing interest rates on federal student loans by up to one percentage point for two years. [TheTopNews] Read More.33 mins ago - Ro Khanna backs Trump Iran deal, asks: Why are we rebuilding Iran instead of Ohi...
Rep. Ro Khanna, D-Calif., is backing President Donald Trump’s newly announced agreement with Iran aimed at formally ending the conflict between the U.S. and Tehran, while also raising questions about the economic commitments tied to the deal and whether similar attention is being paid to struggling American communities.Khanna joined FOX Business’ Maria Bartiromo on "Mornings with Maria" to discuss the agreement, which includes commitments related to Iran's future economic development and reconstruction and has drawn criticism and praise from lawmakers on both sides of the aisle.Khanna said he supports ending the conflict through diplomacy, but argued the agreement comes with tradeoffs that deserve closer scrutiny. He pointed to provisions he said could require raising roughly $300 billion for Iran's economic development and reconstruction, though he noted the funds would not come directly from U.S. taxpayers.OIL PRICES FLUCTUATE AS TRUMP'S IRAN DEAL COULD FULLY REOPEN STRAIT OF HORMUZ"We're going to be on the hook to raise $300 billion for Iran's economic development and reconstruction, not U.S. taxpayer money, but raising that money. Why aren't we focused on the economic development and reconstruction of Middleton, Ohio? Johnstown, Pennsylvania," Khanna said. The comments reflect a broader debate in Washington over how the U.S. balances foreign policy priorities with domestic economic concerns. Communities across parts of the industrial Midwest have spent decades grappling with factory closures, job losses and population decline, making investment in manufacturing and economic development a recurring political issue.OIL PRICES PLUNGE TO LOWEST LEVELS SINCE EARLY MARCH AFTER TRUMP SIGNS IRAN DEALKhanna argued that while Trump has promoted efforts to revive American industry, more should be done to support manufacturing regions."What about the heartland and the building up of places that were industrialized? That simply hasn't happened," Khanna said.Despite his concerns, Khanna urged fellow Democrats to support the agreement, saying he believes diplomacy remains preferable to a prolonged conflict."Americans are tired of these wars. They don't want wars in the Middle East. They don't want to be dragged in," Khanna said. "They want diplomacy. Diplomacy actually is better than these wars." [TheTopNews] Read More.42 mins ago - Foreign Office drops ‘do not travel’ advice for UAE
Thousands of Brits were left stranded in the Middle East when the US-Iran war broke out in early 2026. [TheTopNews] Read More.3 hours ago - New bill would ban lawmakers, their families from betting on prediction marketsA new bill would ban lawmakers in Congress from placing bets on prediction markets related to public policy issues and elections that they could be in a position to profit from by using insider information.The Stop Lawmakers From Predicting Act was introduced Thursday by House Administration Committee Chairman Bryan Steil, R-Wis., which would ban members of Congress as well as their spouses and dependent children from placing a wager on a prediction market on topics that the lawmaker may have inside information on.The ban would cover wagers on the occurrence, nonoccurence or the extent of the occurrence of specific government policies and actions, a political outcome or any other event which came to the attention of a covered individual as a direct or indirect result of the lawmaker's service in Congress."The American people deserve to know their Member of Congress is not profiting off insider information," Steil said. "This legislation is critical to restoring the public's trust in their elected officials. Lawmakers should be writing policy, not wagering on its outcome."SENATE QUIETLY BANS LAWMAKERS FROM BETTING ON PREDICTION MARKETSSteil's bill would punish violators of the law precluding lawmakers from placing political and policy wagers on prediction markets with a fee equal to $2,000 or 10% of the value of the prohibited transaction, whichever is greater, and the net gain from the transaction.The bill would also prohibit lawmakers from using their Members' Representational Allowance, Senate personnel and office expense account, or political contributions or donations to pay the fine.Lawmakers who resign from office or retire without paying the fine could be referred to the Justice Department for civil enforcement if the bill were to become law.BLOCKCHAIN ANALYSTS SAY TRADERS MAY HAVE USED INSIDER INFORMATION TO PROFIT ON IRAN CONFLICT BETSSteil's introduction of the prediction market ban for lawmakers comes after his panel, the Committee on House Administration, advanced the Stop Insider Trading Act to the House floor in January.It also follows an incident in March in which blockchain analysts identified suspected insiders who placed suspiciously timed bets on prediction markets related to the Iran conflict, including markets related to the U.S. striking Iran as well as the death of Ayatollah Ali Khamenei. The bets generated significant profits and may have been placed using insider information. [TheTopNews] Read More.3 hours ago
- Finance-help scheme ‘unlocks £1.4m’ for residentsThe council's Boost project has now teamed up with Citizens Advice to help more people access income. [TheTopNews] Read More.3 hours ago
- CrossCountry ranked Britain’s worst train operatorTransport Focus asks it to reduce delays and provide better information during disruption. [TheTopNews] Read More.4 hours ago
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