Forty Trillion, Iran's Squeeze, and an FBI Search in Congress

This episode of The Morning Rundown covers a rough day for markets, escalating global security concerns, and a busy news cycle in politics and culture. The hosts open with the Dow's 700-point drop and explain how the nation's $40 trillion federal debt is connected to rising mortgage, auto loan, and credit card rates for everyday consumers.From there, the conversation shifts overseas, where Treasury Secretary Bessent's leverage strategy extends to the toughest Iran sanctions yet and continued pressure on China. The hosts also cover a deadly overnight barrage on Kyiv, a foiled bomb plot in Albany, and a worsening Ebola outbreak in Congo. The episode closes with a rundown of major political headlines, including the FBI's search of Eric Swalwell's home, Aisha Wahab's special election win, Trump's high-energy rally in South Carolina, and renewed questions about security funding tied to Harry and Meghan's return to the UK.How rising federal debt translates into higher borrowing costs for consumersWhy Bessent's bond buyback plan failed to hold down yieldsThe strategic use of sanctions against Iran and pressure on ChinaKey security developments in Kyiv, Albany, and CongoWhat Trump's South Carolina rally signals about his 2026 strategyThe political fallout from the Swalwell FBI search and Wahab's winListen to the full episode for a complete breakdown of today's economic, security, and political headlines.