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Average 30-year U.S. mortgage rate rises to 6.66%, the highest in a year

30‑year mortgage rate jumps to 6.66%

Higher mortgage rates raise monthly payments and can affect homebuying budgets and affordability.

Trump signals more strikes as U.S. pressures Iran over Hormuz attacks

Trump has threatened more strikes and is weighing attacks on Iranian energy sites; renewed strikes could push up oil prices, raising fuel and heating costs for U.S. households.
AP Axios

SEC and Big Ten back Senate college sports bill

Conference support could unlock federal NIL and pay rules, changing recruiting, program budgets and athlete compensation nationwide.

Oil giants profit as Hormuz disruptions keep prices high

Bigger energy company profits reflect pressure on pump and heating costs consumers pay.
AP Axios

FCC chair defends early ABC license review amid retaliation claims

Accelerated agency scrutiny of eight ABC stations could affect local TV services and raises questions about broadcaster protections.

Trump says $1.8B ‘anti-weaponization’ fund is dead

Saying the fund is dead complicates Blanche’s confirmation and could delay DOJ leadership decisions and department operations.
AP Axios

Markets eye July jobs report after Fed pause

Payrolls and wage data could shape expectations for interest rates that influence mortgages, car loans, and credit-card costs.

TPS lapse forces layoffs at airports, nursing homes and schools

Loss of work authorization for tens of thousands is straining critical services and risking staffing shortages in travel and care.

Camp David meeting spotlights Spain migration

White House attention could signal policy shifts affecting border enforcement, international coordination, and immigration-related services.
AP Axios

F‑35B crashes at Miramar; pilot ejects and expected to recover

Crash at a major base may disrupt operations and local safety measures, affecting nearby residents and military readiness.

Administration ends Medicare drug subsidy program

Termination of the subsidy could raise out-of-pocket prescription costs for Medicare enrollees, increasing seniors’ monthly medicine bills.

Saudi strikes broaden U.S.–Iran conflict as diplomacy stalls

Saudi participation widens the fighting and could threaten global oil flows, risking higher gasoline and energy costs for consumers.
AP Axios

NTSB blames overweight flights, oversight lapses in Alaska crash

Safety findings matter for regional carriers—could prompt rule changes and affect traveler safety and service reliability.
AP NTSB

DOJ seeks dismissal of Reflecting Pool vandalism case

Dropping charges after finding contractor-caused damage undercuts earlier vandalism claims and prompts questions about oversight of federal project spending.

Senate blocks Iran war‑powers resolution, leaving oversight unclear

Defeat affects Congress’s power to constrain military actions and could influence how troop commitments and authorizations are reviewed.

Stocks rebound after momentum trade’s biggest wipeout since 2000

Sharp factor rotation can swing retirement account values and hit tech-heavy portfolios, affecting household investment returns.

Spider‑Man: Brand New Day opens in U.S. theaters today

A major superhero opening is a top draw for moviegoing families and could affect weekend box office and local theater traffic.
Earlier on PoliticalDad
Yesterday
Oil majors report surging profits as Iran conflict keeps energy prices elevated7:29 PM AP
Cyclospora-linked lettuce has Taco Bell saying sales slipped6:21 PM Axios
Pitchers are hot as the Aug. 3 trade deadline nears3:53 PM AP News
Officials: Iran likely behind cyberattack on Minnesota water systems2:00 PM Wash. Post
SpaceX launches classified NROL-95 spy satellite from Florida2:00 PM Space.com
Federal plan orders steep Colorado River cuts for Southwest states11:44 AM Wash. Post
Roman telescope ready, targets Aug. 30 launch10:03 AM Space.com
Long-dormant ‘Alien Terrorist Removal Court’ holds first hearing as DOJ seeks to deport Afghan woman7:49 AM CBS News
Federal appeals court rejects Trump administration’s expansion of mandatory immigrant detention7:49 AM Stateline
Seattle police chief resigns under pressure over response to deadly festival shooting7:49 AM AP News
Thursday
Senate panel advances Erica Schwartz toward CDC confirmation8:04 PM AP News
UEFA threatens World Cup boycott over FIFA's investor plan8:04 PM Sky Sports
Microsoft's AI earnings spark biggest one-day stock jump since 20088:04 PM AP News
FAA proposes seat inspections for 737 MAX jets6:29 PM Federal
Trump may pull AG nominee after GOP stalls vote5:40 PM AP
Fauci invoking Fifth; contempt vote looms5:40 PM AP
Court lets Trump mail-ballot order proceed; appeal seeks review5:40 PM AP
UPDATE: xAI sues Minnesota over 'nudification' ban5:40 PM AP
U.S. economy grows 1.5% in Q2; inflation lingers5:13 PM AP
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