Stocks drop, oil prices surge amid Iran, Israel strikes

By Home - CBSNews.com Jun 13, 2025 | 5:07 PM

Stocks tumbled and oil prices surged on Friday in the wake of Israel’s strikes in Iran. CBS News MoneyWatch correspondent Kelly O’Grady has more.

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BREAKING THE BUDGET IMPASSE

What should be done to break the impasse in approving Pennsylvania’s budget?

Increase income taxes to pay for more spending.

Draw down the state's rainy day funds to pay for more spending.

Tax the so-called "skill games" machines to pay for more spending.

Legalize recreational marijuana to pay for more spending.

We don't need more spending, we need less! No new taxes!

We do need to increase spending on some programs, but there's plenty of wasteful spending we should cut. No new taxes!

Voting Ends: Oct 7, 2025 | 12:00 PM

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