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Don't let them overwhelm you

Economy

Trump declines Saudi crown prince’s request to strike Yemen’s Houthis, offering targeting help, as Saudi Arabia shuts its 750-mile Hormuz-bypass pipeline after drone attacks, CBS reports.

US diesel tops $6 a gallon for the first time as Trump says relief from the oil-price surge may not come until after the election.

Wholesale prices rise 5.4% over the past year, diesel jumping 24% in August alone, as futures traders price a two-in-three chance the Fed raises rates next week.

Trump promises every adult a $5,000 “dividend” if Republicans keep Congress, a $1.35 trillion pledge with no funding source, at the GOP’s first midterm convention.

Pima County, Arizona, adds $8.7 million to its affordable housing fund after the first $24.5 million added 618 units and kept 910 households housed.

Trump bans Canadian dairy, most alcohol and motorcycles and bars Canadian goods from long-term federal contracts, hours after Canada’s $20 billion counter-tariffs take effect.

US destroys 5 more Iranian oil tankers over missile attacks on a warship, and Iran answers with 20 missiles at US targets in Jordan.

New York Mayor Mamdani creates an Office of Worker Power and orders city agencies to hunt labor violations without waiting for complaints, citing weakened federal enforcement.

Canada’s retaliatory tariffs on $20 billion in US goods take effect, matching Trump’s 50% tariff, a day after he vowed “No more selling Bombardier” in the US.

Iran plans to stop ships beyond the Strait of Hormuz as Houthi rebels hit Saudi oil facilities and push toward the Red Sea route Saudi exports rely on.

Danville, Virginia, opens forgivable $5,000 down payment loans and $500 rental deposit grants for residents earning 81% to 95% of area median income, acting on its 2022 housing study and resident input.

Energy Secretary Wright says the US is “strangling” Iran’s economy for a policy change “or a new regime” and a nuclear deal “may await a next administration.”

Trump orders agencies to start removing gray wolves from the endangered species list and tells Interior Secretary Burgum to push states to let ranchers shoot them.

Justice Department antitrust official orders a “Pause on Canada” in cooperation during the tariff fight, then calls it a mistake after The Wall Street Journal reports it.

Trump threatens to stop trading with countries running trade surpluses unless the Federal Reserve cuts rates, hours after a stronger-than-expected 162,000-job August report.

US diesel hits a record $5.85 a gallon, up nearly 60% in a year, as Iran and Ukraine wars knock refineries offline.

Treasury moves to strip tax-exempt status from up to 18,000 schools that consider race in admissions, invoking a 1983 ruling against a college that banned interracial relationships.

Pitkin County, Colorado, home to Aspen, opens property tax rebates up to $2,000 for homeowners earning under 500% of the poverty level whose bills rose since 2023.

Federal judge rejects Justice Department’s bid to break up Google’s ad tech business, ordering behavior changes instead, 16 months after ruling it an illegal monopoly.

Chevron commits $7 billion to more than double Venezuela oil output by 2031, 8 months after US forces seized Maduro and took over the country’s oil exports.

Childcare waitlists grow from 8 states to 23 plus DC, stranding hundreds of thousands of eligible children, after Congress let $28 billion in pandemic aid lapse, AP finds.

San Diego County seeds a $300,000 revolving loan fund for East County small businesses that can’t get bank loans, unlocking $400,000 in federal matching funds.

House votes 370-48 to fund the government through Dec. 11, blocking political review of grants and fund transfers to Border Patrol, averting a preelection shutdown.

Iran says a US airstrike hit a wedding in a home, killing or wounding over 50, as Trump urges Iranians to “rise up and fight.”

Small Business Administration stages $1 million Shark Tank-style pitch contest September 18 judged by Nicki Minaj and other Trump supporters, hosted by actor Dean Cain.

Trump administration shuts 270 trucking schools it says helped undocumented immigrants get commercial licenses, 110 of them tied to over 5,000 drivers who failed English tests.

FTC and over 20 states sue Amazon, alleging it secretly bid in its own ad auctions since 2018 to overcharge sellers more than $20 billion.

Treasury Secretary Bessent mocks Canada’s military as “two submarines from the Edmonton mall” and blames Prime Minister Carney for the trade war after Trump’s 50% tariffs took effect.

Los Angeles County opens a free financial clinic offering small businesses individual debt counseling and capital coaching as part of a 2024 economic mobility program.

Trump calls the Iran war “relatively little” and weighs new strikes, after the Washington Post reported military leaders warned Hegseth prolonged operations weaken US defenses elsewhere.

Treasury Department denies credentials to New York Times, Wall Street Journal and Bloomberg reporters for the G20 finance meeting it hosts in North Carolina, offering no explanation.

Trump administration appeals the June order barring it from freezing NY-NJ rail tunnel funds it withheld to punish Democrats, after 4 court losses.

Maryland awards $28.5 million to electrify school and transit buses and add EV chargers, including 35 ports at 5 apartment complexes, as gas prices climb.

Trump’s accounts keep trading oil and gas stocks 6 months into the Iran war, with energy holdings up as much as $15 million this year, congressional Democrats find.

Trump sets a 2027 pay freeze for most federal workers while giving law enforcement a second straight 3.8% raise, blaming Biden-era inflation that has since risen from 2.8% to 3.3%.

3 Trump-appointed appeals judges rule Kalshi’s sports bets are gambling Nevada can regulate, splitting with the 3rd Circuit as the CFTC sues states to shield prediction markets.

Trump says the US struck a deal with unnamed private partners for majority control of 65 billion barrels of Venezuelan oil, 8 months after capturing Maduro.

Chicago launches a $450,000 grant program paying food entrepreneurs and farmers market operators up to $10,000 to sell fresh food in neighborhoods that lack it.

Treasury bars Egypt’s second-largest bank’s UAE branches from the US financial system for aiding Iran at the war’s 6-month mark, as Trump hedges on sanctioning Chinese banks.

UAE’s national security adviser backs a 49% stake in the Trump family’s new federally chartered crypto bank as the administration eases AI chip sales to his firm, the Journal reports.

Trump signs an executive order renaming Lake Ontario “Lake America” a week after Canada trade talks collapsed, and floats renaming the Atlantic or Pacific next.

Connecticut and Waterbury fund 47 affordable apartments for healthcare workers across from Saint Mary’s Hospital, the first project under a 2022 state housing bond.

Trump rejects new Iran talks as the war hits 6 months, while Iran and Oman agree on a Hormuz corridor requiring the US to lift its blockade.

SBA proposes letting financial firms earning $1 billion qualify as small businesses, raising the cap from $47 million in the largest expansion ever.

North Carolina awards $69 million in federal disaster funds to build 828 affordable apartments across the 828 area code hit by Hurricane Helene.

China rejects US sanctions over Iran and vows countermeasures as Washington holds off enforcing measures softer than markets expected.

Deloitte pays $21.5 million to settle DOJ claims its DEI programs defrauded the government, with an anti-affirmative action group taking $4.3 million as whistleblower.

Trump floats renaming Lake Ontario to “Lake America” and denies Carney’s account that US demands to weaken Quebec’s French-language rules sank trade talks.

Canada details counter-tariffs up to 50% on C$27.6 billion in US goods for September 8, as Trump threatens 50% on Canadian cars and steel in 2027.

Treasury Secretary Bessent says Chinese banks financing Iran’s oil face sanctions in his “economic asphyxiation” campaign, as Beijing vows countermeasures.

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