FEDERAL RAG
U.S. POLITICAL AND BUSINESS NEWS — MONDAY, NOVEMBER 9, 2026 · MORNING EDITION

PRE-MARKET — MONDAY, NOV 9: SPY 739.40 ▲ 0.56% · GAP UP  |  QQQ 659.02 ▲ 0.45% · GAP UP
NATIONAL DEBT: $40,556,120,784,983  |  ▲ $5,890,737,374 SINCE WEDNESDAY, NOV 4  |  AS OF THURSDAY, NOV 5 — U.S. TREASURY
President Donald Trump, official White House portrait

President Trump, in his first interview since the midterm rout, said his deportation drive went “too far.” (Photo: Daniel Torok, The White House — public domain)

Trump Says Deportations Went Too Far in First Interview Since the Midterm Rout

In his first sit-down since the wipeout, Trump told CBS’s 60 Minutes the crackdown “both helped and hurt” — an A+ for sealing the border, but a political cost for deporting people with good jobs whose only offense was illegal entry — and said he’d “love” an immigration deal with Democrats, even as DHS insists it is not slowing down and the policy’s architect, Stephen Miller, takes over as chief of staff today.

Second source: Trump says his deportations were ‘too tough,’ now wants a deal with Democrats  |  Third source: Trump admits deportation blitz went too far

ELECTIONS & CONGRESS

DEMOCRATS HIT 254 HOUSE SEATS AS SATURDAY CALLS PUSH MAJORITY TOWARD ITS BIGGEST SINCE 2008 — The AP had Democrats at 254 seats to 162 Republicans, with 19 contests still undecided, after Nancy Lacore flipped South Carolina’s 1st — a majority on course to be the party’s largest since 2008, with NBC projecting a final total near 259.

CONGRESS IS BACK FOR A BRUTAL LAME DUCK WITH A DECEMBER 11 SHUTDOWN CLOCK RUNNING — Lawmakers return for the first time since the midterms with funding expiring Dec. 11, the farm bill, defense bill and debt ceiling unfinished, and both parties picking leaders this week — House Republicans expect another short-term extension into February or March.

JEFFRIES PLANS A FIRST-100-HOURS BLITZ TO RESTORE HEALTH SUBSIDIES AND UNDO MEDICAID CUTS — The presumptive Speaker plans to move in Democrats’ first 100 hours to revive lapsed enhanced Obamacare subsidies, end roughly $1 trillion in Republican Medicaid cuts, quash Trump’s tariffs and force an end to the Iran war.

FLORIDA’S CLOSEST HOUSE RACE GOES TO A RECOUNT TODAY AS LOSER SUES TO REMOVE THE ELECTIONS CHIEF — A machine recount in Florida’s 27th starts Monday at 10 a.m. in Doral, with Rep. María Elvira Salazar ahead of Democrat Eliott Rodriguez by 1,090 votes, while Rodriguez’s suit seeks to bar the Miami-Dade elections supervisor from the canvassing board.

MISSISSIPPI SENATE RACE STILL UNCALLED AS COLOM’S LEAD GROWS TO 2,574 VOTES — Four days after Election Day the AP had still not called it, with Democrat Scott Colom leading Sen. Cindy Hyde-Smith by 2,574 votes at about 97% counted; mail ballots postmarked by Election Day count if they arrive by Tuesday, Nov. 10.

BUSINESS & YOUR MONEY

KOREA’S MONDAY RELIEF FADES FAST AS FOREIGN SELLING DRAGS KOSPI BACK TOWARD 5,000 — The KOSPI gave up an intraday rebound to 5,172.94 and closed at 5,021.97, down 0.75%, as foreigners sold a net 864.7 billion won — even on the first day of the three-month waiver of the 140% margin-collateral rule meant to stop forced selling.

TAIWAN’S MARKET SOARS AFTER TAIPEI CURBS SHORT SELLING AND READIES A $15 BILLION RESCUE FUND — The Taiex surged as much as 6.4% Monday — its biggest one-day gain since July 31 — ending a seven-session losing streak after regulators cut the short-sale ceiling from 30% to 3% and authorized the NT$500 billion stabilization fund, with TSMC up 6.6%.

WORLD STOCKS EDGE UP FROM SIX-MONTH LOWS BUT NVIDIA JITTERS KEEP THE MOOD FRAGILE — Global shares nudged higher Monday with Nasdaq futures flat after an early dip, Nvidia down just over 4% pre-market, and attention turning to Tuesday’s U.S. CPI with markets pricing roughly an 80% chance of a December Fed hike.

QUICK HITS

KANSAS GOVERNOR’S RACE STILL UNCALLED AS HOLSCHER HOLDS A 7,300-VOTE LEAD AND A HAND-COUNT AUDIT RUNS

VANCE BLAMES THE IRAN WAR FOR THE GOP WIPEOUT AND SAYS VOTERS WANTED OUT

JEFFRIES IN LINE TO BE FIRST BLACK SPEAKER AS DEMOCRATIC WIN RESHUFFLES BOTH CHAMBERS’ LEADERSHIP

HOUSE GOP LAUNCHES DEFENSE PLAN TO SHIELD TRUMP FROM LOOMING DEMOCRAT INVESTIGATIONS

FEDERAL GOVERNMENT

STEPHEN MILLER TAKES OVER AS WHITE HOUSE CHIEF OF STAFF TODAY, REPLACING SUSIE WILES — Trump announced Friday that deputy chief of staff Stephen Miller, architect of the hardline immigration policy, becomes chief of staff starting Monday, while Susie Wiles moves to the Trump political operation after submitting her resignation Thursday night.

JUDGE FREEZES TRUMP’S TRIUMPHAL ARCH FOR 14 DAYS HOURS AFTER PLANNERS APPROVED IT — U.S. District Judge Tanya Chutkan issued a temporary restraining order late Thursday halting construction for 14 days on the planned arch between the Lincoln Memorial and Arlington National Cemetery, the same day the National Capital Planning Commission approved the plans 8-4.

JUSTICE DEPARTMENT DROPS ITS CALIFORNIA SUIT OVER 20,000 BALLOTS FLAGGED ON CITIZENSHIP GROUNDS — DOJ asked a court Friday to dismiss its suit seeking to set aside roughly 20,000 California ballots until citizenship could be checked, after a federal judge and then the Supreme Court blocked the hold before Election Day.

OBAMACARE BENCHMARK PREMIUMS UP 13% FOR 2027 AS OPEN ENROLLMENT RUNS TO THE DECEMBER 15 DEADLINE — KFF’s Oct. 30 analysis puts average benchmark silver premiums up 13% for 2027 after a 26% rise in 2026 — sign up by Dec. 15 for Jan. 1 coverage; enrollment runs through Jan. 15.

BLANCHE DISMANTLES DEMOCRATS’ OVERSIGHT CHARADE ON THE SUNDAY SHOWS — Attorney General Todd Blanche took to the Sunday shows to defend the Justice Department against Democratic oversight threats, arguing the department’s representation of executive officials is proper as the incoming majority promises aggressive investigations.

BUSINESS & YOUR MONEY

NVIDIA BOARD OPENS PROBE INTO CEO HUANG AS SHARES SLIDE IN PRE-MARKET — Nvidia’s board launched an independent investigation after reports CEO Jensen Huang was targeted by a foreign intelligence effort; Huang admitted an affair with a Megaspeed executive U.S. officials reportedly call a Chinese intelligence asset, and the board says it has no reason to believe secrets were compromised.

OIL SLIDES AS TRUMP SIGNALS NO NEW IRAN STRIKES — BUT HORMUZ SHIPPING ATTACKS KEEP TRADERS NERVOUS — Brent fell 1.5% to $96.91 and WTI 1% to $89.85 Monday after Trump said fresh Iran strikes were highly unlikely if talks progress, extending Brent’s 16% weekly slide — its steepest since the start of COVID — even as ship attacks near Hormuz continued.

TUESDAY’S CPI COMES WITH NO YEAR-OVER-YEAR NUMBER AS A DECEMBER FED HIKE IS PRICED NEAR 80% — October CPI lands Tuesday at 8:30 a.m. ET, with economists expecting +0.3% headline and +0.2% core for the month, but BLS will publish no 12-month change for most indexes because October 2025 prices were never collected during the shutdown.

QUICK HITS

TRUMP MEETS QATAR’S PRIME MINISTER AT THE WHITE HOUSE AS IRAN TALKS STALL

TUESDAY’S CPI COMES WITH NO ANNUAL RATE — AND A DECEMBER HIKE HANGING ON ONE DECIMAL

TRUMP REPEATS: NO NEW IRAN STRIKES IF TALKS PROGRESS

GEOPOLITICS

POPE LEO TELLS ARGENTINA’S LEADERS THE ECONOMY MUST SERVE PEOPLE, NOT THE OTHER WAY AROUND — Leo XIV arrived in Buenos Aires Sunday — the first papal visit to Argentina in 39 years — met Milei at the Casa Rosada, and urged leaders to safeguard democracy and dialogue across divides; today, a national holiday, he celebrates an open-air Mass in Palermo after visiting a home for people with disabilities in Claypole.

A WEEK AFTER THEIR BANK FROZE, MILLIONS OF PARAGUAYANS STILL CAN’T REACH THEIR MONEY — Ueno Bank’s 2.9 million customers — about 60% of Paraguay’s adults — saw accounts freeze Nov. 3; by Saturday only ~1.2 million had received advance payouts, while ousted president Peña sits in pretrial detention at a military facility pleading not guilty and Alliana serves to Aug. 2028.

NOVAYA GAZETA GOES DARK TODAY AS THE KREMLIN SHUTS RUSSIA’S LAST FREE NEWSPAPER — After 30 years, Novaya Gazeta switches off the lights in its Moscow office today, Nov. 9, and shuts down its servers — “We have been killed,” the staff wrote — after eviction, a foreign-agent designation and the loss of reader donations; its exile edition in Latvia carries on.

UKRAINE’S DRONES HIT RUSSIA’S SECOND-BIGGEST REFINERY OVERNIGHT AS PEACE TALKS LOOM — Ukrainian drones struck the Kirishi refinery in Leningrad region overnight, setting fires at the plant that handles over 6% of Russia’s refined output, days before U.S.-mediated Russia–Ukraine talks in Abu Dhabi on Nov. 10–11.

EISENKOT GETS FIRST CRACK AT FORMING ISRAEL’S NEXT GOVERNMENT — BUT 67 ENDORSEMENTS AREN’T A COALITION — President Herzog handed opposition leader Gadi Eisenkot the mandate Sunday after 67 of 120 Knesset members recommended him, but his four-party bloc holds only 48 seats and the path runs through Arab parties, ultra-Orthodox parties or a unity deal with Netanyahu.

IN PARAGUAY, A LECTURER LEFT WITH $5 IN CASH WAITS FOR A REFUND THAT MAY NOT COME SOON — Half of Ueno’s depositors have received an advance but many have heard nothing a week after the freeze — one lecturer was left with about $5 in cash — while Alliana promises everyone will recover their savings and repayments extend to an initial maximum of about $19,300.

BEFORE MILEI, POPE LEO WARNS LEADERS TO RECOGNIZE THE LIMITS OF POWER — In his first address to Argentine authorities with Milei beside him, Leo XIV spoke for families carrying uncertainty, job-seekers and the elderly, and called for special attention to the sick and people with disabilities; today he visits the Cottolengo home in Claypole, celebrates Mass in Palermo, and meets unionists, business leaders and social movements.

BUSINESS & YOUR MONEY

SEOUL’S MARGIN RELIEF DRAWS MIXED REVIEWS — BREATHING ROOM TODAY, BIGGER LOSSES TOMORROW? — Market reaction to the three-month waiver of the 140% collateral rule is split: it breaks the forced-selling spiral, but critics warn it may encourage margin investing and widen retail losses if the slide continues, as happened with a similar pandemic-era measure.

QUICK HITS

PARAGUAY’S TEACHERS WALK OUT INDEFINITELY FROM MONDAY OVER PENSION MONEY TRAPPED IN UENO

TRUMP EXPECTS TALKS WITH XI AND PUTIN AT APEC SUMMIT IN CHINA NEXT WEEK

SPORTS

NOTRE DAME KNOCKS OFF NO. 1 MIAMI IN SOUTH BEND — CJ Carr threw for 319 yards and three touchdowns as the Irish built a 24-3 lead and survived a furious Miami rally — and a reviewed incomplete call on a would-be tying TD — to hand the top-ranked Hurricanes their first loss, 31-24.

OREGON RALLIES WITH 38 STRAIGHT TO STUN OHIO STATE — Down 14-0 in Columbus, the Ducks reeled off 38 unanswered points behind backup QB Dylan Raiola to win 41-28, handing the Buckeyes a three-loss season for the first time since 2011.

BEARS SURVIVE FIVE TURNOVERS AS SANTOS WINS IT AT THE BUZZER — Caleb Williams threw a career-high four interceptions, but his 38-yard strike to Colston Loveland set up Cairo Santos’ 38-yard field goal as time expired for a sloppy 27-24 win that lifts Chicago to 7-2.

LOVE THROWS FOR 372 AS PACKERS HANG 45 ON THE PATRIOTS — Jordan Love accounted for four touchdowns and Green Bay scored 21 points off four turnovers in a 45-27 rout — the most points ever allowed at Gillette Stadium — with Watson and Golden the first Packers duo with 150+ yards and a TD each since 1942.

GIANTS WIN IN PHILLY FOR FIRST TIME SINCE 2013 AS EAGLES LOSE SEVENTH STRAIGHT — Backup Jameis Winston came off the bench for the go-ahead touchdown after J.J. McCarthy’s hip injury, and the Giants’ 19-11 win — their first in Philadelphia since 2013 — left the Eagles on their longest skid since 2012.

STROUD THROWS FIVE SCORES AS CHARGERS FALL TO 0-8 — C.J. Stroud threw for 384 yards and five touchdowns — including two 63-yarders — as Houston rolled 44-22, leaving the Chargers winless in the worst start in franchise history.

TRAVEL

PIRATES INVADE THE CAYMAN ISLANDS FOR THE 49TH TIME — The 49th Pirates Week Festival runs on Grand Cayman Nov. 6–14 with parades, street dancing, fancy-dress contests, fireworks and a mock pirate invasion at Hog Sty Bay by buccaneers sailing a life-size pirate ship.

HAWAII’S OLDEST FOOD FESTIVAL POURS TEN DAYS OF KONA COFFEE — The 55th Kona Coffee Cultural Festival runs Nov. 6–15 across Kailua-Kona with farm tours, a lantern parade, the Holualoa Coffee & Art Stroll and a cupping competition, most events covered by a $10 festival button.

TWO HUNDRED BALLOONS TO FILL THE SKY OVER LEÓN — León’s International Balloon Festival runs Nov. 13–16 with more than 200 balloons from 25 countries, a free-entry Friday Nov. 14, night glows, concerts and a music-synced drone show.

STRANDED TRAVELERS GET THE FULL CAMBODIAN WELCOME — After cruise passengers were stranded in Cambodia, the tourism ministry arranged free shuttles to Phnom Penh, tours, dinners — and staff who carried their suitcases right to the airport check-in desk.

ONE BRAZILIAN STATE, A WHOLE MONTH OF FESTIVALS — Minas Gerais packs November with confirmed events across its cities — comics in Belo Horizonte, International Coffee Week Nov. 11–13, the pequi festival, jazz, forró and film — many of them free.

FOOD

SEATTLE’S RESTAURANT SECRETS, BOUND IN ONE COOKBOOK — New cookbook “Seattle Eats + Drinks” collects more than 70 recipes from 36 of the city’s chefs, bartenders and bakers — halibut with tom kha, lao lao noodles, a cumin chicken sandwich — as a time capsule of the post-COVID restaurant scene.

FROM THE GARDEN TO THE TABLE, SOUTH AFRICA’S CHEFS SERVE HOME — For Garden Day 2026, Chef Nti shared the lemongrass and ginger beer rooted in her Soweto Christmas mornings, while private chef Ayabonga Gope plated a grapefruit and roasted carrot salad from his community garden.

THE PUMPKIN CHEESECAKE THAT LETS THE FARMS CALL THE SHOTS — At Greenport’s Halyard, chef Francis Derby builds his silken pumpkin Basque cheesecake from local cheese pumpkins, cooking the purée down to concentrate the flavor — on the menu through winter and on the Thanksgiving buffet.

THE CHEF WHO THREW AWAY THE TURKEY — AND WHAT HE DOES NOW — Chef Andrew Gruel opens his Thanksgiving series with the childhood tale of tossing the family turkey in the trash, then makes the case for spatchcocking a 12–14 lb bird — done in 80–100 minutes, with the backbone saved for gravy stock.

HUATULCO KEEPS ITS MOLE RECIPES ALIVE, ONE CONTEST AT A TIME — As part of Day of the Dead celebrations, Huatulco held its Traditional Mole Contest at City Hall, honoring the recipes, flavors and culinary knowledge passed down through generations.

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