The Federal Reserve cut its key interest rate by half a percentage point, indicating confidence in its inflation strategy and a response to labor market concerns. Lebanon faced deadly explosions that killed 20 and injured over 450, raising the overall death toll to 32, amid escalating military tensions with Israel. The House of Representatives rejected a bipartisan bill to prevent a government shutdown, leaving federal funding set to expire on September 30. The Teamsters union chose not to endorse any presidential candidate for the first time in decades due to unmet commitments from both Trump and Harris regarding union protections. Boeing CEO Kelly Ortberg announced the furlough of tens of thousands of employees due to a machinist strike, marking Boeing's first strike in 16 years.
Fed cuts rates (AP)
Day 2 of exploding devices in Lebanon (AP)
House rejects Gov. shutdown bill (WP)
Teamsters will not endorse Harris or Trump (NBC)
Boeing furloughs thousands of employees amid strike (NBC, AP)
