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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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DOJ’s top prosecutor in LA hires law enforcement liaison with pending battery charge, string of DUIs

The new liaison to local law enforcement for the top federal prosecutor in Los Angeles is facing state criminal charges himself, and has a string of prior convictions for driving under the influence, public records show. Shawn Christopher Lewis, who previously served as First Assistant U.S. Attorney Bill Essayli’s chief of staff when he was…

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Donavan McKinney defeats Shri Thanedar in Michigan’s 13th Congressional District primary

State Rep. Donavan McKinney has defeated incumbent U.S. Rep. Shri Thanedar in Michigan’s 13th Congressional District, CBS News projects.  The two Democrats both hold strong progressive policy viewpoints but differ in their backgrounds and values ahead of the Democratic primary.  Thanedar, who is finishing up his second term in Congress, was largely self-funding his campaign….

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