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The Fed was expected to hike interest rates in September. Don’t bet on that now, economists say.

What a difference a day can make for monetary policy.  On Thursday, interest rate futures were decidedly tilted toward the Federal Reserve hiking its benchmark rate in September, according to CME FedWatch, which tracks traders to forecast the central bank’s policy decisions. But after Friday morning’s dismal July jobs report, which showed that employers unexpectedly…

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Spanish authorities monitor social media chatter about another Ceuta mass migrant crossing ahead

Spanish authorities are monitoring social media posts that suggest a potential online campaign to mobilize another mass migrant crossing into the Spanish-controlled territory of Ceuta next week. More than 72,000 people crossed illegally into the exclave last week, drawing global headlines and condemnation from world leaders including President Trump and Italian Prime Minister Giorgia Meloni….

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Appeals court says Trump lacks authority to build White House ballroom without approval from Congress

Washington — A federal appeals court on Friday said the Trump White House lacks the authority to unilaterally construct a new 90,000-square-foot ballroom where the East Wing once stood, finding that the $400 million project requires congressional approval. In a 2-1 decision, a federal appellate panel in D.C. sided with a lower court in ruling that the…

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As Iran talks grind on, Sen. Cruz calls for Trump to arm Iranian protesters: “Our objective should be regime collapse”

With the U.S.-Iran conflict in its sixth month, the Trump administration is angling for a deal. But Republican Sen. Ted Cruz argues the U.S. should heap more pressure on Iran’s regime — including by arming Iranians who oppose their government. “I think our objective should be regime collapse,” the Texas Republican told CBS News national…

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America’s water systems are getting hacked amid security gaps: “No one guarding these systems”

A wave of cyberattacks targeting U.S. public water systems is heightening concerns about security gaps at utilities, with government officials warning that hackers are exploiting a particularly vulnerable industrial computer, according to security experts. U.S. water systems in at least a dozen states have been targeted by the attacks, which officials suspect may be linked…

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Millions of U.S. children could lose free school meals this fall due to SNAP changes, experts say

Fewer U.S. children may have access to free school meals this academic year amid changes ushered in by the Republicans’ tax-and-spending law, the “One Big Beautiful Bill Act,” according to food and public policy experts.  The impact on school meal programs stems from the OBBBA’s overhaul of the Supplemental Nutrition Assistance Program, the formal name…

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