US Weighs Suspension of Federal Gas Tax Amid War with Iran

Move aims to ease household budgets strained by high fuel prices

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President Trump and lawmakers consider suspending the 18.4-cent federal gas tax to relieve strain on households due to high fuel prices caused by the US-Iran war, though impact may be limited and pose long-term funding challenges.

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Major auction houses like Sotheby's and Christie's achieved nearly $10 billion in sales in the first half, marking a record start to the year. This surge is attributed to massive wealth creation from the AI boom, IPOs, and rising stocks, attracting new, younger collectors to diverse categories from fine art to dinosaur bones.

CNBC US Markets

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Developing·2 days ago

Rivian Sues U.S. Government for Tariff Refunds After Supreme Court Ruling

Rivian has filed a lawsuit against the U.S. government, U.S. Customs and Border Protection, and its commissioner, seeking a full refund on tariffs paid under President Trump's "Liberation Day" taxes, which the Supreme Court later deemed unconstitutional. The automaker expects tens of millions in refunds while rolling out its R2 SUV.

TechCrunch

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US Weighs Suspension of Federal Gas Tax Amid War with Iran

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