In Saudi Arabia, Tillerson hints at possible talks with Iran

Iran's presidential and council elections were held alongside each other on Friday. An Iranian top army General on Sunday rubbished US Secretary of State Rex Tillerson's comments urging a policy shift in Tehran's conduct during President Hassan Rouhani's second term, Tasnim news agency reported.

Oil reverses some losses as investors get ready for OPEC meeting

The market sees an extension by nine months - instead of the initially suggested six months - as the base-case scenario. Iraqi oil minister Jabbar Ali Hussein Al-Luiebi told reporters there was already apparent unanimous consent "to continue the cut that we had in November ".

Here's how Trump's 3% economic growth target stacks up against past presidents

On taxes, Trump promises an overhaul that would cut tax rates but rely on erasing tax breaks and economic growth to avoid adding to the deficit. Treasury Secretary Steven Mnuchin had expected the government to hit the legally mandated debt ceiling - now about $20.1 trillion - in early September.

Treasury chief to Congress: Raise debt limit before August

Treasury chief to Congress: Raise debt limit before August

The tax world is keeping a close watch on Capitol Hill this week as lawmakers and Treasury Secretary Steven Mnuchin will be speaking publicly about tax reform and President Donald Trump's budget request. Mulvaney said that he met with Mnuchin about the matter on Tuesday, and he was looking forward to discussing the matter with Chief Economic Adviser Gary Cohn when Cohn returns from traveling as part of President Donald Trump's first official trip overseas.

Oil falls as OPEC prepares to extend output cuts

Last November, in a groundbreaking move to push prices higher, the 13-country Organization of the Petroleum Exporting Countries agreed to cut production by 1.2 million barrels a day, while non-OPEC countries chipped in a with a further 600,000 reduction.

Trump budget could cost Idaho schools $16.1 million

Republicans care about kids. "If you are on food stamps, we need you to go to work". Numerous voters who propelled Trump into the presidency last November would see significantly less from the federal government. Indeed, the final budget passed by Congress, should lawmakers agree on a spending plan this year, will likely look dramatically different than Trump's request.