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NEC Director Kevin Hassett said Monday the administration wants the Federal Reserve to cut rates but will "100 percent support" Chair Kevin Warsh whatever he decides this week. CME FedWatch data actually points the other direction, with roughly a 60 percent chance of a quarter-point hike to a 3.75 to 4 percent target range. Elevated inflation and surging energy prices are squeezing the Fed from both sides.
New York City Mayor Zohran Mamdani and state Attorney General Letitia James filed suit to block the Trump administration's expanded public charge rule, set to take effect Friday, September 18. The rule broadens the list of public benefits that can count against green card and visa applicants. The administration says it is enforcing longstanding law on self-sufficiency.
Vandals splashed red paint across the face and neck of the newly unveiled eight-foot Charlie Kirk statue outside Turning Point USA's Phoenix headquarters, and defaced a nearby Christian tribute by crossing out the word "Jesus." The statue had stood only three days, installed to mark one year since Kirk's assassination at Utah Valley University. TPUSA restored the statue by Sunday evening; Phoenix police have made no arrests.
Federal prosecutors have subpoenaed six years of records from the California State Protocol Foundation, the nonprofit that has bankrolled Gov. Gavin Newsom's overseas travel. Investigators are reportedly examining whether corporations with business before the state donated for influence, and whether nonprofit funds benefited anyone personally. Newsom's office calls the probe political retribution; reporting indicates the inquiry began under the Biden DOJ.
Former CIA Director David Petraeus was at Ukraine's Yahodyn station near the Polish border when a Russian drone struck a Poland-bound passenger train carrying 206 people. Passengers evacuated and no injuries were reported. Ukrainian officials suspect the real target may have been a diplomatic train carrying former British Prime Minister Boris Johnson and other European officials.
President Trump told reporters he wants Ukraine to stop striking Russian diesel refineries, arguing the attacks are driving a global fuel shortage and pushing prices up worldwide. Kyiv has treated the refineries as legitimate military-economic targets funding Moscow's war. The request lands at an awkward moment with energy markets already strained by the Iran conflict.
Retired Army Gen. Wesley Clark said Monday that American forces in the Middle East, especially at bases in Jordan, remain vulnerable as repeated Iranian missile barrages burn through limited interceptor stockpiles. He warned the widening conflict also threatens key oil transit routes. Separately, a planned conference between Iran and Gulf Arab states on the Strait of Hormuz was postponed by Saudi Arabia.
NASA's Nancy Grace Roman Space Telescope, launched August 30 aboard a Falcon Heavy from Cape Canaveral, is roughly two weeks into a 100-day cruise to its station a million miles from Earth. Once on post it will survey more than two billion galaxies and run the largest exoplanet census ever attempted. The mission is aimed squarely at the dark matter and dark energy questions that have stumped cosmologists for decades.
Researchers report that an experimental compound originally developed for a serious lung disease appears to slow markers of biological aging in some patients. Insilico Medicine founder Alex Zhavoronkov shared the early findings this month. The data is preliminary and nowhere near clinical approval, but it adds to a fast-growing longevity research pipeline.
Australian competitor Joanna Wietrzyk, 24, powered through an unfortunate mid-race gastrointestinal emergency to win the HYROX event in Beijing in one hour, one minute, twenty-three seconds. Her Instagram summary: "Go hard or go home they say. A win is a win." HYROX says it is reviewing its procedures, noting the rules for elite competition and mass participation became blurred in the moment.
