The White House is vowing to unleash “Operation Economic Fury” on Iran, as the blockade of Iranian ports reaches its third day. We have the latest from President Donald Trump on the timeline and how the blockade is affecting China.

Americans are raking in tax cuts, including for tips, overtime, and seniors. Forty-five percent of filers claim one of Trump’s new deductions this year. Treasury Secretary Scott Bessent told reporters Wednesday: “Over 6 million filers have claimed no tax on tips with an average deduction of $7,100. Over 25 million filers have claimed no tax on overtime with an average deduction of $3,100. Over 30 million seniors have claimed the enhanced deduction for seniors with an average deduction of $7,500.”

Fraud is rampant nationwide in state-run programs like Medicaid and SNAP. Seto Bagdoyan, director of forensic audits at the Government Accountability Office, says, “In a landscape that offers numerous opportunities for exploiting risks, fraudsters are innovative and fast-moving, taking full advantage of technology, including artificial intelligence, to pursue their schemes.”