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WASHINGTON — The Pentagon is pressing the U.S. defense industry to accelerate production of weapons to help replenish its diminished stockpile of munitions, including those depleted in the ongoing war with Iran. Pentagon spokesman Sean Parnell said in a statement Saturday that the department was actively focused on boosting munitions acquisitions to provide “the weapons our warfighters need at…

The Trump administration on Friday announced its eighth round of Iran-related sanctions as diplomats race to secure a deal on the Strait of Hormuz.  The new sanctions target Iran’s banking system and companies across multiple countries that the Treasury Department says launder hundreds of millions of dollars.  “Every facilitator that keeps the regime afloat is putting a target on its own back,”…

Sen. Elizabeth Warren is pressing companies entitled to refunds for illegal U.S. tariffs to return the money they are recouping directly to consumers.  Warren, a Democrat from Massachusetts, on Friday sent letters to Apple, Amazon, Energizer, Motorola, Nike, Target and Walmart seeking information about the size of the refunds they are receiving for import duties the companies paid under the…

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