- Talks are underway near Lake Lucerne between the US delegation led by JD Vance and Iranian representatives, including Foreign Minister Abbas Araghchi, regarding an interim deal.
- Peace talks between the US and Iran are underway in Switzerland, focusing on a potential Lebanese border ceasefire and maritime access through the Strait of Hormuz.
- Amidst high-level talks between JD Vance and Steve Witkoff, Donald Trump threatens action against Iran's proxies while Iran uses proxies in Lebanon and issues conflicting statements regarding the Strait of Hormuz.
- Conflict uncertainty in the Middle East, driven by Iran tensions, is impacting oil prices while the FED monitors inflation data.
CBO tracked national borrowing under both Trump and Biden administrations, noting shared contributions to national debt rise.
8 reports, 8 independent
Updated Sep 17
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What happened
CBO tracked national borrowing under both Trump and Biden administrations, noting shared contributions to national debt rise.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Bessent's policy mistakes are scrutinized, including alleged involvement in a bet against the pound.1 source
- President signed tax cuts and created Medicare Part D, which contributes to the rise in national debt.Sub-event
CBO tracked national debt accumulation across Trump and Biden administrations.1 source
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Part of
Conflict uncertainty in the Middle East, driven by Iran tensions, is impacting oil prices while the FED monitors inflation data.Also in this story
- The Iran war has led to the closure of the Strait of Hormuz chokepoint, impacting global oil markets and policy.
- Kevin Hassett commented on Fed targets, blaming current inflation on Biden's tenure amid geopolitical tensions.
- Iran-aligned rebels attacked Saudi targets amid regional tensions, while Trump and Vance discussed potential US-Iran deals.
The entities involved
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Congressional Budget Office
government agency
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Donald Trump
American businessman and politician (born 1946), President of the United States (2017–2021; since 2025)
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Joe Biden
46th President of the United States (2021–2025)
Related events
- The CBO has analyzed the costs associated with the Iran war, specifically discussing the goals of Trump's administration.
- The Trump administration is downplaying the economic impacts of the war, while attacks on Iran are driving up global prices and causing inflationary pressures to exceed the central bank's 2% target.
- Rising interest rates are increasing projected national debt, while the Iran military campaign strains the bond market.
- Global markets are reacting to a bond sell-off, while talks between Trump and China focus on trade and AI, amid ongoing Iran war energy shocks.
- BEA reported PCE price index data while Trump argued for lower borrowing costs amid oil price spikes from the Iran war.