Trending Now - White House Dismisses Economic Concerns Amid Ongoing Conflict

WHO:

The New York Times - President Trump is referenced regarding his promises about the war with Iran.

Alternet - Gary Cohn, former chairman of the National Economic Council, is mentioned as an advisor to Trump.

WHAT:

The New York Times - The S&P 500 reached a record high on April 13th, 2026.

The New York Times - High gas prices are impacting American families' budgets and contributing to economic strain.

Alternet - Cohn stated that the U.S. is unlikely to meet the economic growth goals of 4 to 5 percent for 2026.

Alternet - Cohn reported that gas prices increased by $1 per gallon over the first month of the Iran war.

Alternet - As of April 16th, 2026, the average price per gallon of gas in the U.S. is $4.09.

Alternet - Cohn noted a decline in job creation from over 100,000 jobs a month to less than 50,000 jobs a month in recent months.

WHERE:

The New York Times - The economic impacts are being felt across the United States.

WHEN:

The New York Times - The war with Iran has been ongoing for roughly seven weeks as of April 2026.

Alternet - Cohn's comments about gas prices were made on March 19th, 2026.

Alternet - Cohn's statement regarding job creation trends was made on April 16th, 2026.

WHY:

The New York Times - The economic strain is attributed to high gas prices and the ongoing conflict in Iran, which President Trump had initially suggested would be brief.

HOW:

Alternet - Cohn described the immediate impact of rising gas prices on consumers, emphasizing the psychological effect of watching prices increase at the pump.

(UPDATED April 17, 2026 04:08 UTC)

The S&P 500 reached a record high on Monday, but high gas prices are putting a strain on American families' budgets as the war with Iran continues, a conflict that President Trump had initially suggested would be brief. Gary Cohn, who served as chairman of the National Economic Council, indicated that the U.S. is unlikely to achieve its economic growth goals of 4 to 5 percent this year, noting that gas prices have surged by $1 per gallon since the war began. As of on Thursday, the average price for a gallon of gas in the U.S. stands at $4.09, and Cohn reported a significant decline in job creation, dropping from over 100,000 jobs a month to less than 50,000 in recent months.