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🛂 Afghan U.S. War Allies Fear Deportation After Green Cards

Thousands of Afghans who assisted U.S. troops during the war in Afghanistan and were resettled in the United States following the 2021 withdrawal now fear they could be sent back.

The concerns center on potential loss of green card status for those who served alongside American forces and were evacuated as part of U.S. refugee and parole programs after the Taliban retook control of the country.

The situation highlights a broader uncertainty facing Afghan allies under current U.S. immigration policy.

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🪖 Pentagon Locks In Boeing, RTX for SM-3 Missile Production

The Pentagon signed seven-year framework agreements with Boeing and RTX on Friday to expand production of critical components for the Standard Missile-3.

The SM-3 is a key element of U.S. ballistic missile defense. The multi-year deals are designed to scale up manufacturing capacity for the interceptor missile's components across both contractors.

The agreements signal a sustained U.S. commitment to bolstering missile defense industrial capacity over the coming decade.

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🏛 Treasury Scraps Ownership Reporting Rule for U.S. Firms

The Treasury Department has officially repealed the requirement for American companies to report beneficial ownership information (BOI), ending an obligation that applied to firms with owners holding at least 25% stakes or exercising "substantial control."

The finalized rule means U.S. companies no longer need to disclose identifying information about such individuals to federal authorities. The change carries sweeping implications for domestic businesses previously subject to the mandate.

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🇷🇺 Senate Passes Major Russia Sanctions Bill After Graham's Death

The U.S. Senate has passed sweeping new sanctions legislation targeting Russia, a bill long championed by Republican Senator Lindsey Graham, one of Congress's most vocal Ukraine supporters.

Graham, who had pushed the legislation for over a year, died on July 11 — one day after visiting Kyiv. The bill passed on August 7, weeks after his death. The legislation has been widely referred to in media as the "sanctions bill from hell."

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⚖️ Judge Tosses Trump Admin's Antisemitism Lawsuit Against Harvard

A federal judge dismissed the Trump administration's civil rights lawsuit against Harvard University on Thursday, ruling the case lacked legal merit.

U.S. District Judge Richard Stearns in Boston found the administration had not plausibly demonstrated an ongoing violation of Title VI of the 1964 Civil Rights Act, ruling that the alleged incidents of antisemitism on campus did not meet that threshold. The suit had accused Harvard of failing to protect Jewish and Israeli students from harassment during pro-Palestinian protests.

The dismissal is the latest setback for the Trump administration's legal campaign targeting Harvard over its response to Gaza war protests on campus.

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🏦 Fed's Hammack: Broad Inflation Needs Monetary Restraint

Cleveland Fed President Beth Hammack called for continued monetary policy restraint to bring down inflation, warning that growth and investment must not run so fast that the economy overheats.

Hammack, who voted to raise rates at the most recent meeting alongside Kashkari and Logan, said inflation is broad-based and not confined to specific sectors. She noted that supply-shock inflation has proved more persistent than expected, and that businesses have shown resilience and adapted to tariff and oil shocks.

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🗳 Half of Young Americans Back Democratic Socialism, Poll Finds

A new CNBC Generation Lab poll finds nearly half of Americans aged 18 to 34 favor democratic socialism and hold strongly negative views of the U.S. economy.

The survey highlights a significant ideological shift among younger voters, with economic pessimism appearing to drive support for alternative political and economic models among the generation entering the workforce and electorate.

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