North Korean dictator Kim Jong-un ordered an accelerated buildup of nuclear weapons on Monday, using annual U.S.-South Korea joint military drills as justification. Speaking at the launch of the 5,000-ton destroyer Choe Hyon, Kim labeled the Ulchi Freedom Shield exercises an “obvious expression” of Washington and Seoul’s “will to provoke war.”
Federal Reserve Chair Jerome Powell signaled on Friday that the central bank could cut interest rates as early as September. Speaking at the Kansas City Fed’s annual Jackson Hole conference, Powell cited a shift in risks toward slowing job growth as the rationale for changing course.
Florida Judge Kathleen Williams issued a temporary restraining order (TRO) to block the Trump administration from placing more detainees in Alligator Alcatraz.
A new report from the Center for Strategic and International Studies (CSIS) found that North Korea constructed a missile base near the Chinese border that is capable of hitting the United States.