LIVE NEWS: Iran war latest, gas prices, SAVE America Act debate
Iran responded Sunday with threats of its own, a day after President Donald Trump warned the United States will “obliterate” Iran’s power plants if Tehran fails to fully open the Strait of Hormuz in 48 hours. Iranian missiles struck two cities near Israel’s main nuclear research center, injuring dozens and shattering apartment buildings. The developments signaled the war in the Middle East, now in its fourth week, was moving in a dangerous new direction.The U.S. economy was supposed to start the year with a bang, fueled by an unusually large jump in tax refunds from President Donald Trump’s tax cut legislation. Yet spiking gas prices are on track to eat up those refunds, leaving most Americans with little extra to spend.
“Next spring is projected to be the largest tax refund season of all time,” Trump said in a prime-time speech in December that was intended to address voters’ concerns about the economy and stubbornly high prices.
But that was before the Iran war, which began Feb. 28. Oil and gas prices have soared since then, with the nationwide average price of gas reaching $3.94 Sunday, up more than a dollar from just a month earlier.
Gas prices are likely to remain elevated for some time, even if the war ends soon, because shipping and production have been disrupted and will take time to recover.
The Senate debated the SAVE America Act in a rare weekend session on Saturday. It would require Americans to prove they are citizens when they register to vote, mainly through a valid U.S. passport or birth certificate. Earlier on Saturday, the Senate rejected a motion by Democrats to take up legislation to reopen TSA and pay workers, and also blocked the Tuberville amendment to the SAVE America Act.
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