First Pass

30 stories from 11 sources

Trump’s war and weak standing drive the day’s political agenda

Day’s Recap

Supporting Articles

President Donald Trump has ordered roughly 9,000 additional troops and a third aircraft carrier to the Middle East while warning that strikes on Iran remain possible. The reported buildup follows earlier promises that the campaign would last only weeks, with escalation still possible after the midterm elections.

4:53 PMFortune

Trump is holding a series of campaign-style rallies to strengthen Republican prospects in the midterm elections. The effort comes as his approval ratings hit record lows and voters face higher fuel costs amid the Iran war.

9:39 PMAl Jazeera

Donald Trump and JD Vance are beginning a 32-day political tour through Texas and Oklahoma as they defend the administration’s record and promote its economic message. Trump has framed Republican difficulties as a failure to communicate accomplishments rather than a failure of policy.

11:54 AMFortune

Only 17% of Americans approve of President Donald Trump’s handling of the cost of living, according to polling cited in the article. Dissatisfaction extends to some Republican voters, who say prices and household finances have not improved as promised.

11:52 AMFortune

President Trump made his first campaign stop of October in Oklahoma, a reliably Republican state, to support GOP candidates ahead of the midterm elections.

4:41 AMNPR Politics

Political analyst Ron Brownstein discusses Trump's pre-midterm visit to Oklahoma and what campaigning in a Republican-majority state reveals about the president's electoral strategy.

4:41 AMNPR Politics

Other Developments

A curated list of other prominent stories from this day.

Republicans undermined legislation that would restrict stock trading by members of Congress. The article presents two possible explanations, and argues that both reflect badly on the party.

4:58 PMMarketWatch

At his Senate confirmation hearing, FHA nominee Matt Jones said he would pursue policies to increase housing supply and reduce costs. His proposals included expanding manufactured housing, limiting the role of large investors and testing new credit-underwriting models.

3:21 PMHousing Wire

The USDA and HUD agreed to streamline environmental reviews for federally funded rural housing projects. The change is intended to reduce delays in building and financing housing outside major urban markets.

2:50 PMHousing Wire

Republican Rep. Tom Kean Jr. and Democratic challenger Rebecca Bennett are drawing substantial campaign spending in a closely watched New Jersey contest. The race could become the most expensive congressional election in the state’s history.

1:50 PMGothamist

The SEC is considering rules that would let fund managers charge performance-based fees on some investment products, including those used by retirement savers. Critics argue the structure could increase costs and expose ordinary investors to incentives that favor managers over clients.

1:16 PMMarketWatch

The Federal Housing Finance Agency is moving to reduce its inspector general’s budget after a review found that the office sought 16% of the agency’s budget, compared with a 2% federal average. FHFA says the proposed cut would bring oversight spending closer to peer agencies.

1:09 PMHousing Wire

Make it yours

Build Your First Pass.

Pick your topics, set your cadence, and receive your personalized First Pass in your inbox. It’s that simple!