Fed Stalls, Entitlements Teeter, HIV Drug Approved, Russia Warns U.S. on Iran

•Fed Hits Pause—but for How Long? The Federal Reserve holds interest rates steady, but Powell warns of stagflation ahead. With inflation still high and Congress unwilling to cut spending, rate relief may be further off than the markets hope. • Social Security & Medicare Near the Cliff New projections show both programs heading toward insolvency within a decade. Without meaningful reform, seniors could face automatic benefit cuts and reduced access to care, while Washington continues to dodge tough decisions. •FDA Approves New HIV Prevention Drug Linacapavir, a twice-yearly injection, offers major progress in HIV prevention. But price, access, and lifestyle factors raise deeper questions about public health and policy. •Russia Threatens U.S. Over Iran Support Russia warns the U.S. not to aid Israel's plans to strike Iran's nuclear sites. As Trump weighs involvement, the global stakes are rising fast.   Erick Erickson breaks down the four major stories you need to know before the day ends. From political power plays in Washington to breaking developments the mainstream media is ignoring, this rapid-fire update cuts through the noise. Get the podcast on Apple, Spotify, or your favorite app. Stay grounded, stay informed, and keep the faith.