The United States and Iran exchanged fire across the Middle East on Wednesday, overshadowing diplomatic efforts in Pakistan to salvage an interim ceasefire deal that has collapsed.
President Donald Trump plans to attend the dignified transfer of four more service members who were killed in action. Republicans are pushing a $95 billion package to fund the military, pay farmers and restrict voting after Defense Secretary Pete Hegseth faced fiery questions
and protests over his management of the U.S. war with Iran, which he estimated which he estimated has cost $37.5 billion so far. Democrats and Republicans alike questioned whether Hegseth has an exit strategy.
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Trump says Trump Accounts could hoist children out of poverty and give more Americans the chance to benefit from investments in the stock market. But some parents say they’re still waiting for the money to arrive.
Trump on Wednesday plans to speak at a Georgia high school to promote the investment accounts, which offer $1,000 in seed money to every child born during his second term. The accounts went live July 4, two days before Trump rang the opening bells for both the New York Stock Exchange and NASDAQ from the Oval Office.
The tax-advantaged accounts, created last year through Trump’s signature One Big Beautiful Bill, can be opened for any child under the age of 18. The Treasury Department boasts 6.5 million sign-ups for Trump Accounts, with 1.5 million of those eligible for the $1,000 seed funding for babies born from 2025 through 2028.
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U.S. Secretary of State Marco Rubio warned Asian leaders Wednesday that Iran’s demand to control and collect tolls in the Strait of Hormuz would threaten the world’s economy and set a precedent that could be repeated elsewhere in the world.
Rubio spoke at the start of an annual meeting in the Philippine capital, Manila, with counterparts from the Association of Southeast Asian Nations who have expressed alarm over the resurgent war in the Middle East that has battered their region. Despite Washington’s preoccupation with the war, Rubio said “we’re with ASEAN 100%.”
Washington’s top diplomat also renewed allegations that Iran has reneged on commitments under a failed peace deal. Rubio said Iran “has been reaching out to the United States, both directly and indirectly, to engage in talks about settling the differences,” but gave no indication that the U.S. was considering returning to peace talks with Iran.
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The United States and Iran exchanged fire across the Middle East on Wednesday, as officials in both nations called into question diplomatic efforts to stop the war as it threatens to again spin out of control.
The U.S. launched an 11th night of airstrikes on the Islamic Republic, hitting targets across the nation as air defense systems opened fire over the capital, Tehran. It wasn’t immediately clear what specific targets the Americans went after in these nighttime strikes.
Iran retaliated with missile and drone fire targeting Jordan’s port city of Aqaba, once again attacking just on the doorstep of Israel. The U.S. has been using Israel’s main Ben-Gurion International Airport to host its refueler aircraft and has put fighter jets at bases in the country, but Iran has been hesitant to strike for fear of bringing the Israeli military back into the conflict.
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Defense Secretary Pete Hegseth faced fiery questions and protests Tuesday over the U.S. war with Iran, which he estimated has cost $37.5 billion so far, as Republicans prepare a $95 billion package to fund the military, along with other White House priorities.
Hegseth provided the new estimate, up from earlier assessments, during a combative Senate Appropriations Committee hearing, which came days after the Pentagon announced that three more American service members have died in the conflict, bringing the death toll to 17, and that more than 100 have been injured since early July. Several times protesters interrupted his opening remarks.
Hegseth said the supplemental war funding is an “urgent, necessary” injection of money, and with President Donald Trump’s proposed $1.5 trillion defense budget a generational investment in the military.
“Without these funds, we face critical shortfalls,” Hegseth testified.
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Trump on Wednesday plans to attend the dignified transfer of four U.S. service members killed in the Middle East.
Trump will be at Dover Air Force Base when the remains of the troops killed in action are returned to their families, the White House said. The ritual is one of the most somber duties of a commander-in-chief. It will be the third that Trump has attended since he launched the war in Iran in February.
Two U.S. Army soldiers killed in Iranian missile and drone attacks in Jordan will be returned during the dignified transfer, according to an administration official who was not authorized to discuss it publicly and spoke on condition of anonymity.
The remains of a third service member who is believed to be the soldier missing after the Jordan attacks will also be returned, the official said, as well as the remains of a soldier killed in Iraq during a detonation of an Iranian drone.
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