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Saudi Arabia spends billions on its military. Why can’t it stop deadly attacks by Iran’s Houthi allies?

Houthi attacks on Saudi Arabia in recent weeks have inflicted severe losses on the kingdom, with missiles hitting energy infrastructure and civilian airports, killing at least 20 people. The Iranian proxy group has struck the headquarters of Saudi Aramco, the world’s largest oil company, and is fighting Saudi-backed government forces for control of Yemen’s coastline…

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Democrats demand tougher standards for companies running Medicaid systems

A group of Democratic senators is demanding that the federal agency overseeing Medicaid — the health coverage program for people with low incomes or disabilities — institute tougher standards for government contractors running complex computer systems that millions of people rely on to get benefits. Three Democratic senators issued recommendations a year after launching an…

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The CPI report arrives tomorrow. It could determine whether the Fed hikes rates next week.

A key inflation reading tomorrow could determine whether the Federal Reserve issues its first interest rate hike in more than three years. The August Consumer Price Index report, scheduled for release at 8:30 a.m. ET on Friday, is the last major inflation snapshot Fed officials will receive before announcing their next interest rate decision on…

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U.S. military uses laser to shoot down 3 cartel drones at southern border, Pentagon says

The U.S. military this week used a laser to shoot down three drones along the U.S.-Mexico border that were allegedly operated by drug cartels, the Pentagon said Thursday. The three unmanned aircraft systems were shot down late Tuesday night and early Wednesday morning using an “Army Multipurpose High Energy Laser system,” according to U.S. Northern…

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