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A CBS Weekend News index page with navigation links and featured headline snippets about global threats affecting the U.S. economy as midterms approach, and record diesel prices squeezing farmers. The page contains no substantive article body.
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Sen. Chuck Grassley (R-Iowa) urged President Trump to place an embargo on diesel exports to lower high fuel prices and aid farmers. The article notes diesel prices have risen sharply and could create political problems for Republicans ahead of the midterms.
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California gas prices have surged above $6 a gallon after weeks of increases, but a seasonal switch to winter-blend gasoline in late October could cut prices by 10 to 30 cents per gallon. Analysts also warn that Middle East escalations and high diesel costs could keep upward pressure on prices and eventually raise retail goods costs.
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National Economic Council Director Kevin Hassett defended President Trump’s handling of the Iran war, saying the president “had to act” to prevent dire global consequences. The report also highlights rising U.S. gas and diesel prices and the political difficulty the costs pose for Republicans ahead of the midterms.
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A senior Houthi official warned other nations against joining Saudi Arabia in Yemen’s renewed civil war, saying the rebels have assured the Trump administration they will not target U.S. vessels in the Red Sea. The report details recent Houthi advances, Saudi-led coalition strikes, and indirect U.S.-Houthi contacts through Oman.
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Ukraine used its new FP-5 Flamingo cruise missile and more than 1,000 drones in a major strike on Moscow and Russian oil refineries, according to Ukrainian officials. The article emphasizes the weapon's range and power, reports refinery damage and casualties, and frames the attack as hitting Russia's war financing.
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Transcript of a Face the Nation interview with IBM vice chairman and former Trump economic adviser Gary Cohn about high energy costs, negative consumer sentiment, AI-related uncertainty, and the Federal Reserve's recent rate hike. Cohn defends the Fed's inflation-fighting move and describes inflation as largely supply-driven.
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Iran warned the United States and its allies against any major new attack, saying it had information one was being prepared and threatening sustained retaliation. The report also covers a US State Department security alert, Houthi strikes on Saudi Arabia, and the broader regional war's impact on shipping and energy markets.
The HillSig. 8NewsEconomyEnergyElections
Diesel prices have surged to a record national average, driven largely by the U.S. war with Iran, creating a political problem for Republicans ahead of the midterms. Trump is downplaying the costs while analysts warn prices may keep rising, and Democrats are using the issue against GOP candidates. Republicans are divided on remedies and face eroding voter confidence on the economy.
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President Trump publicly speculated about 'blowing up' Iran while weighing options that include wiping Iran out, letting it rot economically, or making a deal. The article also notes upcoming meetings with Persian Gulf leaders and Iranian officials at the UN General Assembly, and ties the Iran war to skyrocketing gas prices and Republican midterm vulnerabilities.
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Nineteen states have approved permanent daylight saving time, but the change requires congressional approval. The House passed the Sunshine Protection Act, and the Senate could take it up after recess. If enacted, it would end the twice-yearly clock change, though timing and votes remain uncertain.
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Mercedes-Benz eActros 600 electric truck has been converted into a motorhome for a planned 28,000-mile battery-electric circumnavigation through more than 30 countries. The expedition aims to complete the trip with no more than 80 charging stops and a 621-mile target range.