Trump declares economic warfare on Iran. And, SCOTUS to rule on White House ballroom

Your support helps make our show possible and unlocks access to our sponsor-free feed. Subscribe here to get it delivered to your inbox, and listen to the Up First podcast for all the news you need to start your day. The Trump administration is threatening more economic pressure on Iran to push it back into negotiations over the Strait of Hormuz. President Trump is calling the campaign an "economic D-Day." Treasury Secretary Scott Bessent said he will outline the new measures Monday. President Trump during an event announcing the expansion of a foster care initiative in the Rose Garden of the White House on Aug.

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Scoop News DeskIran · Published Friday, August 21, 2026 at 11:25 AM UTCUpdated Saturday, August 22, 2026 at 5:35 PM UTC

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Investors dumped stocks and bonds yesterday after government debt yields hit their highest level in nearly two decades earlier this week. The Trump administration argues the ballroom is essential to an "integrated military complex," including medical facilities, a drone port and bomb shelters.

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