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The U.S. economy, hobbled by last fall’s 43-day government shutdown, advanced at an unexpectedly sluggish 0.7% annual rate from October through December, the Commerce Department reported Friday in a big downgrade of its initial estimate.

Growth in gross domestic product — the nation’s output of goods and services — was down sharply from 4.4% in last year’s third quarter and 3.8% in the second. And the fourth-quarter number was half the government’s first estimate of 1.4%.

In the fourth quarter, consumer spending grew at a 2% clip, down from 3.5% in the third quarter and the 2.4% the government had initially estimated. Business investment, excluding housing, increased at a healthy 2.2% pace, likely reflecting money being poured into artificial intelligence, but the increase was down from 3.2% in the third quarter and from the 3.7% advance in the Commerce department's initial estimate.

Exports fell at a 3.3% annual rate in the fourth quarter, a bigger drop than the government first estimated.

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A man with a rifle who crashed into a large Michigan synagogue in what federal officials say was an attack had lost four family members in an Israeli airstrike in his native Lebanon last week, an official said Friday.

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by Tjeerd Royaards

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Michelle Goldberg March 12, 2026

https://archive.ph/NMTaG

Slight and bespectacled, Fishback has a geeky charisma and the verbal dexterity of a former competitive high school debater. His policies are a mishmash of extreme conservatism and economic progressivism; nationalism tinged with socialism, if you will. He believes that Florida’s gun laws are too strict, its abortion laws too lax and its public teacher pay too low. He’s called for a 50 percent sin tax on OnlyFans creators and $10,000 grants to high-performing high school graduates to buy homes or start businesses. Though he’s the son of an immigrant — his mother is Colombian — he wants a total immigration moratorium.

Most of all, Fishback has made contempt for Israel and its American lobby a centerpiece of his campaign, constantly reminding audiences how much America spends on Israel while its own needs are ignored.

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Four days into the war, US Central Command said that the US had struck 2,000 targets using more than 2,000 munitions.

The U.S. dropped nearly $6 billion worth of munitions on Iran in just the first two days of the U.S.-Israeli assault, officials say, giving a sense of the staggering scope of the carpet bombing campaign as the Trump administration sweeps aside affordability crises at home.

Three U.S. officials told The Washington Post that the U.S. dropped $5.6 billion in the first two days of its bombardments.

This represents hundreds of “precision” weapons like Terminal High Altitude Area Defense (THAAD) interceptor missiles and Tomahawk cruise missiles that the U.S. has fired since February 28. Last Tuesday, four days into the war, U.S. Central Command head Brad Cooper said that the U.S. had struck 2,000 targets using more than 2,000 munitions.

The Pentagon has signalled that it may soon shift toward the use of non-precision bombs like 2,000-pound bombs, which may cost less and are largely barred from use in civilian areas under international law.

The destruction has been immense. The first days saw a deluge of strikes, including a likely U.S. attack on an elementary school in Minab, Iran, that killed 175 people, most of them children aged between 7 and 12. The Iranian Red Crescent Society reported this week that the U.S.-Israeli assault has damaged 10,000 civilian structures, including residential buildings, schools, and nearly three dozen health facilities. Human rights group HRANA reports that at least 1,245 civilians have been killed.

Thick, black clouds have loomed over the capital of Tehran this week after U.S.-Israeli strikes targeted oil depots in the city, sending columns of flame and smoke high into the sky. The Red Crescent has warned the 10 million residents of the city to avoid leaving their homes as the blackened rainfall itself could cause harm.

The exact cost of the U.S.’s assault is unclear, as lawmakers have said that the Pentagon has not responded to questions from Congress about the cost. Top U.S. officials, including President Donald Trump, have claimed that the U.S. can fight the war indefinitely, and there is seemingly no end in sight to the war.

However, the $5.6 billion figure over just two days is far higher than any other estimate put out so far, especially when other operational costs are taken into account. Further adding to costs, the Trump administration has only promised to escalate the campaign. Secretary of Defense Pete Hegseth said on Tuesday that it would be “our most intense day of strikes inside Iran” yet.

The Atlantic’s Nancy Youssef reported last week, citing a congressional official, that the war is costing $1 billion a day. The New York Times, citing Pentagon officials in a briefing to Congress, reported that the war cost $6 billion in its first week. The Center for American Progress found in an analysis that the war, including costs of actions like the repositioning of forces and the losses of the F-15 fighter jets in friendly fire, cost over $5 billion as of March 2, four days into the war.

The Institute for Policy Studies (IPS) estimated last week that just the costs for weapons systems backing naval and aircraft deployments, as well as an increase in support costs for the heightened combat operations, amounted to $60 million a day — not counting things like munitions, the buildup before the war, troop deployments outside of those needed for naval and aircraft, or the costs of the assets themselves.

IPS’s National Priorities Project pointed out last week that the estimate of $1 billion per day could cover the cost of Medicaid for all 16 million people expected to lose coverage due to the Republican cuts last year, as well as Supplemental Nutrition Assistance Program (SNAP) benefits for all 41 million Americans who use them.

Other costs are also building up. The Post reports that the Pentagon is moving parts of a THAAD system, a Lockheed Martin weapons system worth between $1 billion and $1.8 billion, from South Korea to the Middle East.

The White House is expected to submit a request for supplemental funding for the war in coming days, with Politico reporting that officials will ask Congress to grant the Pentagon an additional $50 billion.

The amount of spending is staggering, especially considering that initial polling has found it is the most unpopular of any U.S. military intervention in its starting days — and considering that the affordability crisis in the U.S. worsens by the day as billionaires continue sapping wealth from the working class, who, however involuntarily, pay their taxes into fueling more war.The U.S. is also funding Israel’s military actions amid record unfavorability for the state. Israel is burning through its munitions in its attacks, dropping 4,000 bombs on Iran in the first four days of the war. Last Friday, the State Department bypassed Congress to send $151.8 million worth of military support to Israel, including 12,000 1,000-pound bombs, citing an “emergency” in the Middle East.

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WASHINGTON (AP) — Outdated intelligence likely led to the United States carrying out a deadly missile strike on an elementary school in Iran that killed over 165 people, many of them children, in the opening hours of the conflict, according to a U.S. official and a second person briefed on findings of a preliminary U.S military investigation into the incident.

The bombing of the school and its casualties involving children has become a focal point of the war, and if ultimately confirmed to be at the hands of the U.S., would also stand among the highest civilian casualty events caused by the American military operations in the last two decades.

President Donald Trump initially blamed Iran for the attack, later said he wasn’t certain who was to blame, and then said he would accept the results of the Pentagon’s investigation. The issue took on added urgency on Wednesday after the New York Times first reported that a preliminary investigation found that the U.S. was responsible.

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Paramedics reported that Perrotta declined treatment in the ambulance.

“I am fine, I just needed to get out of here,” she said, according to the report. Another officer described Perrotta at the time as “visibly hysterical (crying and breathing rapidly) and had blood all over her uniform”, the report said.

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