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Trump administration live updates: Fed to decide whether to raise interest rates

9m ago / 7:22 AM EDT Abortion rights group announces spending plans for three House races in battleground states Reproductive Freedom for All, an abortion rights advocacy organization, announced today that it will send $1 million to fund voter outreach for Hou…

Trump administration live updates: Fed to decide whether to raise interest rates

9m ago / 7:22 AM EDT Abortion rights group announces spending plans for three House races in battleground states Reproductive Freedom for All, an abortion rights advocacy organization, announced today that it will send $1 million to fund voter outreach for House races in Arizona, Michigan and Nevada. The spending will support funding for paid canvassing and voter engagement in support of three congressional candidates: physician and former state lawmaker Amish Shah in Arizona's 1st Congressional District; former special victims prosecutor Christina Hines in Michigan's 10th Congressional District; and Rep. Susie Lee in Nevada's 3rd Congressional District.

Funding will also contribute to canvassing in support of a Nevada ballot measure that would add protections for abortion rights to the state's constitution. The measure passed in 2024 but requires another win at the ballot box to get across the finish line. “Control of Congress — and our ability to fight back against national attacks on reproductive freedom — could come down to these races with razor-thin margins," Mini Timmaraju, president and CEO of Reproductive Freedom for All, said in a statement today.

"This investment will power meaningful conversations with voters about what is at stake and why electing champions of reproductive freedom is crucial this November." The funding comes as an appeals court in Louisiana heard arguments last week on whether to tighten prescribing rules for mifepristone as anti-abortion rights groups seek to block the medication from being accessible through telehealth in states where abortion in banned. Sen. Josh Hawley, R-Mo., raised the issue yesterday, asking FBI Director Kash Patel at a congressional hearing whether he would commit to looking into the U.S.

Postal Service's role in delivering the drug to people in states where abortion is banned or limited. The renewed challenges come after the Supreme Court ruled in May to protect access to mifepristone though the mail, without enforcing in-person appointments with clinicians. 9m ago / 7:22 AM EDT Senate votes to move forward with Protect College Sports Act The Senate voted yesterday evening to advance the Protect College Sports Act, an NCAA-backed, bipartisan bill aimed at setting federal guidelines for college sports amid a rapidly shifting landscape. The measure advanced on a 74-24 vote; it needed 60.

Timing on a vote for final passage in the Senate is unclear. The legislation would still need to pass the House if it makes it through the Senate. The bill aims to set a national standard regarding issues that include years of eligibility, how often players can transfer, compensation and more.

It would also grant the NCAA an antitrust exemption and prevent future legal challenges over such rules. Professional leagues, such as the NFL and the NBA, have antitrust exemptions. But athletes in those leagues collectively bargain over the rules.

Read the full story here. 9m ago / 7:22 AM EDT House panel votes to hold Epstein associate Leon Black in contempt The House Oversight Committee voted yesterday to recommend the full House find billionaire Leon Black in contempt of Congress over his refusal to comply with subpoenas related to its probe into the late sex offender Jeffrey Epstein. The bipartisan vote was unanimous, 41-0. Black, a private equity investor who had a business relationship with Epstein, voluntarily sat for a closed-door transcribed interview with the Republican-led committee in late June but left before it was over , after lawmakers complained he wasn’t answering their questions.

As a result, they issued subpoenas for him to turn over more information. He didn’t show up for a later deposition the committee scheduled and sued it , seeking to block the subpoenas for his appearance and nondisclosure agreements tied to Epstein. Read the full story here. 9m ago / 7:22 AM EDT Trump and the Federal Reserve are on a collision course over interest rates Trump berated Jerome Powell for years as he sought to pressure Powell, then the Federal Reserve chairman, to cut interest rates.

So far, he has given a pass to the new Fed chief, whom he nominated this year. Now, not even four months into Warsh’s tenure, the honeymoon might be over. Trump has ratcheted up his calls for an interest rate cut in recent weeks, setting the stage for a potential showdown after Wednesday’s decision from Fed policymakers.

Warsh faces a “time to choose,” as economists at UBS put it: Will the Fed hold its key rate steady yet again in the face of rising inflation, or will it increase the rate to battle stubbornly high prices — and potentially enrage Trump? Trump adviser Kevin Hassett, chair of the National Economic Council, said he thinks the “president will have something to say about it” if the Fed makes a “big move” with rates. (Hassett was a candidate for the Fed job before Trump picked Warsh.) Read the full story here.

Source: NBC News

Distributed to Sports · Sun Belt Post by RedPress.

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