Senate Votes on Major Cuts to Public Broadcasting and Foreign Aid

Real average hourly earnings fell in June. Just one month of data doesn't make a trend, but forces at work in both the labor market and inflation data could further eat into Americans' wages. We'll unpack. Then, President Donald Trump’s bill to claw back federal funding for foreign aid programs and public broadcasting could get a final vote in the Senate today. Plus, the Department of Defense is investing in a U.S.-based rare earth mining company.