Category: 2-DailyNews

The news to know for Wednesday, September 4, 2024!

We're telling you about some of Russia's most destructive strikes on Ukraine since the war began, and about the new U.S. charges against top Hamas leaders. 

Also, protests are starting up again on American college campuses.

Plus, millions of Americans are in the grips of another heatwave, a viral banking hack seems to have gotten Chase customers to do something illegal, and Taylor Swift has a big role in the newest NFL promo.

Those stories and even more news to know in just over 10 minutes! 

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The House of Representatives returns next week to Washington, and a budget fight showdown is expected. The fiscal year ends Sept. 30, and Congress is tasked with having the fiscal 2025 budget ready to go by then, but it’s all but guaranteed it won't be. 

“What usually happens at this time is, we'll get to the September 30th deadline, and we've seen this happen for years, regardless of who's running the show, but we'll kick the can down the road maybe a few weeks,” Rep. Michael Cloud, R-Texas, explains. 

The “can,” in this case, is the fiscal 2025 budget blueprint, and the “kick” is a continuing resolution that funds the government, usually for several weeks or months at a time.  

It has become the habit of Congress a day or two before Christmas to “have this massive Christmas tree of an omnibus bill that gets passed that few people have read [because it’s] thousands of pages long, [includes] gobs amount of money, and doesn't really do the American people the service that they deserve from their Congress,” Cloud says. 

The Texas congressman says he's doing everything he can to return the nation to fiscally responsible spending, noting that members of his own party are also partly responsible for the out-of-control spending in Washington. 

“With the Left in charge, they raced toward this fiscal cliff, and Republicans, when we've been in charge, we jog toward that same cliff and call that progress,” Cloud laments. “I'm not willing to settle for something that doesn't put us on the right path going forward.” 

Cloud joins “The Daily Signal Podcast” to discuss how Congress can take significant steps toward balancing the U.S. federal budget, and how the election could affect the financial fight in Congress this fall. 

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The Justice Department announced criminal charges against Hamas leaders. Two Russian ballistic missiles struck a military training facility in Ukraine. Amid a heatwave out West...Phoenix set a record for days above 110 degrees. CBS News Correspondent Matt Pieper with tonight's World News Roundup.

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TOP NEWS | On today’s Daily Signal Top News, we break down:

• A former aide to Democratic New York Governor Kathy Hochul is indicted for acting as an agent for the Chinese government 
• Republican nominee Donald Trump says reports about his staffers’ altercation at Arlington National Cemetery are a “made up story.” 
• Illegal immigrants make up around 75% of arrests in Midtown Manhattan, the New York Post reports.
• Former Democratic New York governor Andrew Cuomo will testify next week about his COVID-19 nursing home policies. 

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Pavel Durov, the CEO of the messaging app Telegram, was arrested in France last month. He was charged with a host of crimes, including complicity in distributing child pornography, illegal drugs and hacking software on the app. Matthew Dalton reports on how the charges represent a major escalation by the French government in holding tech executives accountable for the content that appears on their platforms.

Further Reading:

- Telegram CEO Pavel Durov Charged by French Authorities 

- Exclusive | Telegram Founder Pavel Durov Was Wooed and Targeted by Governments 

Further Listening:

- Is Fighting Misinformation Censorship? The Supreme Court Will Decide. 

- What Happens to Privacy in the Age of AI? 

- Meta Is Struggling to Boot Pedophiles Off Facebook and Instagram 

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As African leaders gather in Beijing this week for the China-Africa summit, Chinese President Xi Jinping may have one thing under his belt to boast about - satellite TV rolled out in Africa. But have villagers really benefiited or not?

Also, an announcement asking to free members of the Muslim Brotherhood from Egypt's prisons is quickly withdrawn. Why?

And in Cape Town, artists from across the continent come together to perform challenging art for challenging times!

Presenter: Audrey Brown Producers: Bella Hassan and Stefania Okereke Technical Producer: Chris Ablakwa Senior Journalist: Karnie Sharp Editors: Andre Lombard and Alice Muthengi

The latest price moves and insights with Jennifer Sanasie.

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CoinDesk's Jennifer Sanasie breaks down a new crypto wealth report from New World Wealth and Henley & Partners that calculated the number of millionaires and billionaires created by the recent cryptocurrency bull market.

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This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes.

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This episode was hosted by Jennifer Sanasie. “Markets Daily” is produced by Jennifer Sanasie and Melissa Montañez, and edited by Victor Chen. All original music by Doc Blust and Colin Mealey.

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