Treasury Secretary Scott Bessent discussed new financial accounts related to President Donald Trump that will start on Saturday. He also talked about when gas prices could return to the levels before the Iran war and commented on wage growth for American workers.
Key Facts
Treasury Secretary Scott Bessent spoke in an exclusive interview.
New Trump-related financial accounts will officially launch on Saturday.
Bessent addressed the timing for gas prices to fall back to pre-Iran war levels.
He discussed wage growth trends for workers in the United States.
The interview was conducted by Kelly O'Grady from CBS News.
The discussion included topics related to the current economic environment.
The information was shared on CBS News and available in the CBS News app.
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The U.S. Army Brass Quintet appeared on "CBS Mornings" to celebrate the United States' 250th birthday. Master Sergeant Kevin Gebo talked about the band’s favorite music and what they expect for the upcoming weekend events.
Key Facts
The U.S. Army Brass Quintet is a music group made up of five Army musicians.
They performed on the TV show "CBS Mornings."
The band is celebrating the U.S. 250th birthday, also known as the nation's semiquincentennial.
Master Sgt. Kevin Gebo is a member of the band who spoke on the show.
The band shared which songs they enjoy playing the most.
They discussed their excitement for the events happening that weekend as part of the celebration.
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Louisiana’s highest court has temporarily stopped a criminal case against the state’s attorney general, Liz Murrill, who faces 16 charges including intimidation and wrongdoing. The court cited problems with how the grand jury and trial court handled the case and allowed Murrill to defend herself while the case is on hold.
Key Facts
Liz Murrill, the first female attorney general of Louisiana and a Republican, was indicted on 16 charges by a New Orleans grand jury.
Charges accuse her of trying to intimidate New Orleans officials opposed to a new law changing city courts.
Louisiana’s Supreme Court granted a stay of proceedings, pausing the criminal case.
The court found serious issues in how the grand jury and trial court managed the case.
Murrill called the charges “retaliatory, meritless and unconstitutional” and said she will continue her work.
Governor Jeff Landry, also a Republican, promised to quickly pardon her.
The indictment announcement was kept secret, and some media members were removed from the courtroom when trying to report on it.
The dispute partly involves a law that removed a court clerk position held by Calvin Duncan, a man exonerated after spending decades in prison.
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Documentary filmmaker Ken Burns talked about America’s 250th birthday and said that people in the country are not as divided now as they have been in the past. He also shared his thoughts on how Americans might work together despite political differences.
Key Facts
Ken Burns is a well-known documentary filmmaker.
The discussion was about the 250th anniversary of the United States.
Burns said historic divisions in America were larger than today’s political divides.
He spoke about Americans coming together despite disagreements.
The remarks were featured on CBS News.
The topic included reflections on political divisions in the country.
The content is available on the CBS News app and other platforms.
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Pro-Palestine activists in the United States have recently seen success in elections, with several candidates who support Palestinian rights winning important races. These wins follow a series of student protests on campuses, especially at Columbia University, which sparked a national movement despite facing crackdowns and criticism.
Key Facts
Darializa Avila Chevalier, a former Columbia University activist, won a Democratic congressional primary in New York.
Zohran Mamdani, supported by pro-Palestine activists, was elected mayor of New York City last year.
Melat Kiros, who was fired from a law firm for supporting Palestinian rights, defeated a long-term incumbent in Colorado.
Pro-Palestine-backed candidates also won key elections in Pennsylvania and New Jersey.
Student protests in 2024 included encampments and calls for divestment from companies linked to Israel’s actions in Gaza.
Many student protesters faced arrests, academic discipline, and political opposition, including efforts by President Trump to deport non-citizen activists.
Despite setbacks, activists say the recent election results show growing public support for their cause.
The movement is seen as making gradual progress rather than quick changes.
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UK officials are discussing with Pakistan the possible deportation of Shabir Ahmed, the leader of a grooming gang convicted of sexually abusing girls. Ahmed was released from prison but cannot currently be sent to Pakistan because of an old law from 1971 that protects some long-term residents from deportation.
Key Facts
Shabir Ahmed led a gang that abused girls as young as 12 and was convicted in 2012.
Ahmed held both British and Pakistani citizenship but lost his UK passport after conviction.
UK law from 1971 stops the deportation of Commonwealth citizens who arrived before 1973 and lived in Britain for five years.
The UK government is considering changing this law to allow Ahmed’s deportation.
Deporting Ahmed also depends on cooperation from Pakistan, which has refused to accept other gang members before.
Ahmed is now released and monitored with an electronic tag, living in secure accommodation.
Victims have expressed fear and concern for their safety after his release.
UK politicians have suggested possible diplomatic actions, including cutting foreign aid to Pakistan if it refuses to accept deportees.
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France experienced 2,025 more deaths than usual during a heatwave in June. This heatwave brought the highest June temperatures in the country since 1947, with many places reaching above 40 degrees Celsius.
Key Facts
France recorded its hottest June since 1947.
Temperatures during the heatwave rose above 40°C in many regions.
There were 2,025 excess deaths in France during June compared to normal expectations.
The information was provided by France’s health minister on July 3, 2026.
The heatwave affected large parts of the country during June 2026.
Excess deaths refer to the number of deaths above what is normally expected for that time period.
The rise in deaths is linked to the extreme heat conditions.
This event highlights the health risks during very high temperatures.
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The United States has pulled back most of the troops it sent to Nigeria earlier this year to help fight Islamist militants. The joint mission with Nigerian forces successfully weakened the leadership of the Islamic State group in Nigeria, but attacks by jihadist groups still continue, especially in the northeast.
Key Facts
About 200 US troops were deployed to Nigeria to support efforts against Islamist militant groups.
The mission targeted militants in the Lake Chad Basin region, including strikes on Christmas Day.
A senior Islamic State leader, Abu-Bilal al-Minuki, was killed during the operation.
US officials said the operation disrupted IS leadership and their ability to communicate locally and globally.
Nigerian military says the withdrawal of US troops will not reduce their fight against militants.
Intelligence sharing between Nigeria and the US will continue after the troop withdrawal.
Nigeria faces multiple security problems, including attacks by jihadists, banditry, and criminal violence.
US troops who were in Nigeria before this operation remain stationed in the country.
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Episode 35 of "Love Island" Season 13 will be released on July 4, 2026. The episode shows the end of Casa Amor, where contestants decide whether to stay with their original partners or switch to new connections; some contestants end up alone after this recoupling.
Key Facts
"Love Island" Season 13 Episode 35 releases on July 4, 2026.
Episodes are available to stream on Hulu starting at 12 a.m. Pacific Time / 3 a.m. Eastern Time.
A Hulu subscription costs at least $11.99 per month.
New episodes air daily except on Tuesdays.
Episode 35 runs about 60 to 90 minutes.
Casa Amor ends in this episode with contestants choosing to stay or switch partners.
Some girls are left without a partner after the recoupling.
Original cast members include Robyn, Lorenzo, Mica, Sean, Ellie, Samraj, Lola, Sam, Angelista, Ope, Jasmine, and Aidan.
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The United Nations has issued a "red alert" about a worsening human rights crisis in El-Obeid, Sudan, warning that the Rapid Support Forces (RSF) may soon attack the city. Civilians have lived under siege-like conditions for 18 months, facing drone strikes and shortages of power and water as fighting continues between the RSF and the Sudanese army.
Key Facts
The UN rights chief, Volker Turk, called the situation in El-Obeid a "human rights catastrophe" and urged global leaders to act quickly.
El-Obeid is a city of about 500,000 people, hosting nearly 100,000 refugees displaced by civil war.
The conflict started in April 2023 between the Sudanese army and the paramilitary RSF.
The RSF controls parts of western Darfur, while the army controls eastern regions; El-Obeid lies on a key route between these areas.
Recent drone attacks have hit El-Obeid’s power station and fuel depots, causing blackouts and water shortages.
The UN fears the upcoming assault could mirror the deadly RSF attack on El-Fasher city last year, where thousands died and atrocities happened.
A draft resolution at the UN Human Rights Council calls for an immediate ceasefire by all parties involved.
Foreign countries are said to be benefiting from the conflict, though local leaders bear most responsibility for the suffering.
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Taylor Swift and Travis Kelce are expected to get married soon, possibly at Madison Square Garden. The arena has been closed off recently, and fans have spotted hints suggesting a big wedding event there.
Key Facts
Taylor Swift and Travis Kelce may hold their wedding at Madison Square Garden.
The arena has been on lockdown for about a week.
Fans and reporters have noticed clues hinting at the wedding.
Bryan West, a reporter from USA Today, shared information about the event.
Madison Square Garden is a famous arena in New York City.
The wedding is attracting a lot of public and media attention.
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Russia is struggling to advance in eastern Ukraine’s Donetsk region, with its progress slowing significantly and high troop casualties reported. Ukraine has been using drones and missile strikes to disrupt Russian supply lines, which has contributed to Russia’s stalled military gains this year.
Key Facts
Russia aims to take full control of the Donetsk region by the end of the year but has missed 14 previous deadlines.
At the current pace, Russia would need 14 more years to finish the fight in Donetsk.
The Institute for the Study of War reports Russia’s territorial gains have dropped sharply from 16.6 sq km per day in early 2025 to 1.03 sq km per day this year.
Russia suffered about 39,490 troop casualties in June alone; since the war began, Russia has an estimated 1.4 million casualties.
Russia’s monthly troop casualty rate now exceeds its estimated monthly recruitment capacity.
Ukraine has increased drone production and developed long-range missiles to attack Russian supplies and logistics, calling it a “Logistical Lockdown.”
Ukraine’s attacks destroyed 12 electricity substations in Crimea over two days as part of efforts to disrupt Russian military operations.
Ukraine’s military commander said Ukrainian forces struck a Russian target every 52 seconds in June.
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Three men accused of killing journalist Lyra McKee in Northern Ireland in 2019 have been found not guilty. Lyra McKee was shot while near police during unrest in Londonderry, and the New IRA group claimed responsibility for her death.
Key Facts
Lyra McKee was a 29-year-old journalist killed in April 2019.
She was shot while near police vehicles during disturbances in the Creggan area of Londonderry.
The New IRA, a dissident republican group, said they were responsible for her death.
Three men—Paul McIntyre, Peter Cavanagh, and Jordan Devine—were charged with her murder.
All three men have now been found not guilty.
The case has drawn significant attention due to its connection to ongoing tensions in Northern Ireland.
The news story is still being updated with more details expected to follow.
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Police are searching for a 39-year-old Ukrainian woman named Anastasiia Berezovska, who is suspected of planting a bomb in Monaco. The explosion injured three people, including a Ukrainian-born businessman. German police have searched her home, and she is wanted in Monaco for attempted murder and related crimes.
Key Facts
Anastasiia Berezovska is 39 years old and from Ukraine.
She is suspected of planting a bomb on a public road in Monaco.
The bomb explosion injured three people, including a Ukrainian-born tycoon.
Police in Germany have conducted a search of her apartment.
She is charged with attempted murder, placing an explosive device with criminal intent, and criminal conspiracy.
An Interpol Red Notice has been issued to help find her.
The incident occurred on Monday.
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An Indian company called Skyroot Aerospace is preparing for its first private rocket launch between July 12 and August 4 from India’s Satish Dhawan Space Center. Meanwhile, NASA successfully launched a mission to boost the orbit of its aging Swift astronomy satellite using a Pegasus rocket, which is making its final flight. The space industry continues to experience launch delays, but companies and agencies are working on new technologies and missions.
Key Facts
Skyroot Aerospace will conduct the first test flight of its Vikram-1 rocket, aiming to send a commercial vehicle into orbit from India.
The Vikram-1 rocket has four stages with different engines and can carry nearly 500 kilograms into low-Earth orbit.
Skyroot has raised about $160 million and is valued at over $1 billion.
NASA’s Swift satellite, launched in 2004, cannot move itself in orbit and risks falling back to Earth this year.
The Swift satellite’s orbit was boosted by Katalyst Space Technologies using a Pegasus XL rocket dropped from a plane.
This was the last planned launch of the Pegasus rocket, which was popular in the 1990s and 2000s but has since been replaced by newer commercial rockets.
NASA provided rocket engines for Europe’s Rosalind Franklin mission to Mars.
Many space launches planned for 2024 have been postponed to 2025, showing common delays in the space industry.
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Three men from Derry were found not guilty of murdering journalist Lyra McKee in 2019. The court cleared Jordan Devine, Paul McIntyre, and Peter Cavanagh of charges related to her death during riots in Derry.
Key Facts
Lyra McKee was a 29-year-old journalist from Belfast.
She was shot and killed on April 18, 2019, while near police vehicles during rioting in Creggan, Derry.
The New IRA took responsibility for the killing.
Three men—Jordan Devine (25), Paul McIntyre (58), and Peter Cavanagh (38)—stood trial for her murder.
The trial began in May 2024 at Belfast crown court, presided over by Mrs Justice Smyth without a jury.
Prosecutors said the men did not fire the fatal bullet but allegedly helped the shooter.
On Friday, the judge cleared all three men of the murder charges.
The verdict was described as heartbreaking by McKee’s friends.
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Actors in Philadelphia are portraying important historical figures such as Benjamin Franklin and Betsy Ross. These performances help people learn about and celebrate 250 years of American history through storytelling.
Key Facts
Actors in Philadelphia are playing roles of famous historical figures.
Characters include Benjamin Franklin and Betsy Ross.
The performances aim to make history more engaging and understandable.
This event marks 250 years of American history.
The storytelling takes place at Historic Philadelphia sites.
The project is designed to attract tourists and history fans.
The approach turns sightseeing into an educational experience.
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A study shows that in 38 of the 51 largest U.S. metropolitan areas, the affordable housing shortage would take over 100 years to fix if homes keep being built at the current rate. Many renters spend too much of their income on rent, and the supply of affordable homes is too low, especially for very low-income households.
Key Facts
Over 22.4 million renter households in the U.S. spend more than 30% of their income on housing.
In many cities, new affordable housing is being built too slowly to solve the problem within this century.
St. Louis would take nearly 1,000 years to close its affordable housing gap at today's building pace.
New York City’s affordable housing gap would take about 169 years to close, shorter than St. Louis but still very long.
Only 13 metro areas could close their affordable housing gaps in less than 100 years at the current construction rates.
Market-rate housing lowers average rents but does not meet the needs of extremely low-income renters who need subsidies.
Solutions to the affordable housing crisis need multiple, specialized approaches.
Some cities like New York and Dallas have recently built more apartments, which helps reduce rents somewhat.
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As the United States prepares to celebrate its 250th anniversary, New York City Mayor Zohran Mamdani has become a leading figure opposing President Donald Trump’s vision for the celebrations. This opposition reflects differing views on how to mark the country's history and future.
Key Facts
The US is marking 250 years since its founding.
President Donald Trump has a particular vision for the anniversary celebrations.
Zohran Mamdani, the mayor of New York City, opposes Trump’s view.
Mamdani has become a main figure representing this opposition.
The anniversary is a significant national event with competing perspectives on its meaning.
The article mentions other recent global news but focuses on this US political and cultural issue.
There are rival plans for how to celebrate the 250th anniversary in the US.
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A new trial for an Ebola treatment has started in the Democratic Republic of Congo (DRC) as part of efforts to fight the current outbreak. The World Health Organization (WHO) announced that the first patient has been enrolled in the trial.
Key Facts
The Ebola outbreak is happening in the Bundibugyo area of the DRC.
A treatment trial for Ebola began with its first patient enrolled on a Thursday.
The announcement was made by WHO chief Dr. Tedros Adhanom Ghebreyesus.
The trial aims to find effective ways to combat the Ebola epidemic.
The WHO is leading and supporting this medical effort.
Ebola is a serious viral disease causing outbreaks mainly in parts of Africa.
Trials like this help researchers test new medicines to save lives during outbreaks.
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