The Social Security Administration’s chief actuary estimated that the One Big Beautiful Bill Act will add $168.6 billion to Social Security program costs from 2025 through 2034, partly because it reduces tax revenue from benefits. The latest trustees’ projection says the Old-Age and Survivors Insurance trust fund will exhaust its reserves in the fourth quarter of 2032; without congressional action, ongoing revenue would cover 78 percent of scheduled benefits.
Key Facts
President Donald Trump signed the One Big Beautiful Bill Act on July 4, 2025.
The law made permanent lower individual income-tax rates and changed some deductions.
Chief Actuary Karen Glenn estimated the law would increase Social Security program costs by $168.6 billion from 2025 through 2034.
Glenn estimated that the law would worsen Social Security’s 75-year actuarial balance from a deficit of 3.82 percent to 3.98 percent of taxable payroll.
The law’s effects were projected to move OASI reserve depletion from the first quarter of 2033 to the fourth quarter of 2032.
The latest trustees’ projection says continuing revenue would cover 78 percent of scheduled OASI benefits after reserves run out.
Social Security’s financial challenges existed before the legislation.
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A New York Times report says Democrats sought to place a second candidate named Dan Sullivan on Alaska’s Senate ballot. The report says Democratic nominee Mary Peltola’s campaign was involved.
Key Facts
The reported effort involved a candidate with the same name as Republican incumbent Dan Sullivan.
The effort concerned Alaska’s U.S. Senate ballot.
The New York Times reported the effort.
The report said Peltola’s campaign was involved.
CBS News aired a segment about the report, featuring correspondent Ed O’Keefe.
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Sophie Price says staff at Grange University Hospital in Wales refused to provide her with meals during her baby Florence’s three-week stay because she was formula-feeding. Florence was treated for bronchiolitis and a blood infection, and the family says it spent more than £1,000 on food while at the hospital.
Key Facts
Sophie Price, 22, gave birth at Grange University Hospital five days before returning with Florence, who was having trouble breathing.
Florence was diagnosed with bronchiolitis, a rhinovirus infection, and a blood infection.
Doctors treated Florence with a mask-based machine that pumped air into her lungs.
Price says she had not been able to breastfeed after Florence stopped taking breast milk during the first day of her life.
Price says staff asked whether she was breastfeeding and then told her she could not receive a meal because Florence was being fed formula.
The family says it spent more than £1,000 on canteen and takeaway food during its three weeks at the hospital.
Aneurin Bevan health board said it was sorry to hear about Price’s experience and was committed to supporting families during a child’s hospital stay.
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President Donald Trump traveled to Ohio to rally voters in a Senate race that could affect control of the chamber. The report also points to dueling rallies in another key state and says new polls suggest Democratic gains in red-state Senate races.
Key Facts
Trump went to Ohio to rally voters.
The Ohio Senate race could help determine control of the Senate.
Dueling rallies took place in another key state.
The report describes the rallies as a snapshot of divisions shaping the midterm elections.
The article title says new polls suggest Democratic gains in red-state Senate races.
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Sen. Lisa Murkowski called on former Rep. Mary Peltola to tell the truth after reports said Peltola’s campaign recruited a midterm opponent to take part in ballot-stacking. Murkowski described the allegations as part of a “pattern of lies and coverups.”
Key Facts
Lisa Murkowski is a Republican senator from Alaska.
Mary Peltola is a former Democratic representative from Alaska.
Reports alleged that Peltola’s campaign recruited one of her midterm opponents to ballot-stack.
Murkowski called for Peltola to provide the truth about the allegations.
Murkowski described the alleged conduct as a “pattern of lies and coverups.”
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United Launch Alliance plans to return its Vulcan rocket to flight on November 13, pending range approval, with a launch of 40 Amazon Leo broadband satellites from Cape Canaveral, Florida. The mission will use redesigned solid-booster nozzles after failures on two of Vulcan’s first four flights, including an anomaly in February that led to the rocket’s grounding.
Key Facts
ULA said engineers identified potential contributors to February’s booster anomaly and made design and process changes to the nozzle.
ULA and booster manufacturer Northrop Grumman have not publicly stated the root cause of the February nozzle malfunction.
The November mission is the first of 38 Vulcan flights Amazon booked to deploy most of its Leo satellite network.
The Vulcan rocket will use an extended payload fairing and stand 221 feet tall for this mission.
The U.S. Space Force certified Vulcan for national security launches in 2025 and will closely scrutinize its return-to-flight mission.
The Space Force has moved six missions from Vulcan to SpaceX rockets because of ULA delays, while assigning ULA six future missions originally planned for SpaceX.
ULA is a joint venture owned equally by Boeing and Lockheed Martin.
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The U.N. General Assembly voted 130-17, with 25 abstentions, to condemn the U.S. economic embargo of Cuba for the 34th consecutive year. Support fell from more than 160 votes last year, as several countries that had previously supported the resolution voted against it or abstained amid U.S. efforts to influence the vote.
Key Facts
The General Assembly resolution is not legally binding.
Germany, Italy and Latvia abstained for the first time in the resolution’s 34-year history.
Bosnia, Colombia, Costa Rica, Ecuador, Lithuania, Morocco, North Macedonia, Paraguay and Slovenia voted against the resolution, most for the first time.
Cuba is facing power outages, shortages and financial difficulties.
President Donald Trump recently raised the possibility of U.S. military intervention in Cuba, saying U.S. warships could stop there on their return from the Iran war.
U.S. Ambassador to the U.N. Mike Waltz and Cuban Foreign Minister Bruno Rodríguez exchanged heated words at the General Assembly on Tuesday.
The United States first imposed the embargo in 1960, after Fidel Castro’s revolution and the nationalization of property belonging to U.S. citizens and companies.
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Israel’s election left Prime Minister Benjamin Netanyahu and his allies as the largest bloc, but they lost seats and did not win enough to form a government. The result raises the prospect of political gridlock as the votes are nearly fully counted.
Key Facts
Nearly all votes from Tuesday’s election have been counted.
Prime Minister Benjamin Netanyahu and his allies emerged as the largest bloc.
Netanyahu’s bloc lost seats.
The bloc fell short of the majority needed to form a government.
The election results leave Israel facing the prospect of political gridlock.
Nick Schifrin reported from Tel Aviv.
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Dolores Huerta, the labor and civil rights leader who helped found the United Farm Workers, has died at 96, according to the article. Activists and political leaders paid tribute to her organizing and advocacy for farm workers, immigrants and civil rights, and called for her work to continue.
Key Facts
Huerta helped found the United Farm Workers union in California.
She helped organize the 1965 Delano grape strike, which led to a national table-grape boycott and improved wages and working conditions for grape pickers.
Huerta popularized the rallying cry “Sí, se puede,” meaning “Yes, we can.”
California declared April 10, her birthday, Dolores Huerta Day in 2018.
United Farm Workers president Teresa Romero said Huerta fought for farm workers until the end of her life and urged the union’s work to continue.
Tributes came from California leaders including Nancy Pelosi, Governor Gavin Newsom, Senator Alex Padilla and Kamala Harris.
Lawmakers including Alexandria Ocasio-Cortez praised Huerta’s decades of organizing for workers, women and immigrants.
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Jason Turkish, fiancé of Rep. Haley Stevens, said he would vote for Republican Mike Rogers rather than Abdul El-Sayed in Michigan’s Senate race. Turkish accused El-Sayed of using antisemitic language during the campaign, according to an interview published Wednesday.
Key Facts
Jason Turkish is engaged to Rep. Haley Stevens, a Michigan Democrat.
Turkish said he would support Republican candidate Mike Rogers in Michigan’s Senate race.
Turkish said he would not support Abdul El-Sayed, Stevens’s former Democratic primary rival.
Turkish accused El-Sayed of using antisemitic language on the campaign trail.
The interview with Turkish was published Wednesday.
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A new poll shows Graham and Andrews tied in South Carolina’s Senate race, according to the headline. On CBS News’ “The Takeout,” Mike Nellis and Mike Hahn discussed the upcoming midterms and RFK Jr.
Key Facts
The headline reports that Graham and Andrews are tied in the South Carolina Senate race.
The report refers to a new poll but gives no polling numbers or other details.
Mike Nellis joined CBS News’ “The Takeout” to discuss the upcoming midterms and RFK Jr.
Nellis was a former senior adviser to Vice President Kamala Harris.
Mike Hahn also joined the discussion.
Hahn was a former deputy digital director of the National Republican Senatorial Committee.
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At least 68 people have died in a train collision in Spain, the country’s second fatal train crash this year. The collision is Spain’s deadliest in more than a decade and has prompted shock, anger and mourning.
Key Facts
At least 68 people died in the collision.
The crash occurred in Spain.
It was Spain’s second fatal train crash this year.
It was the deadliest train collision in Spain in more than a decade.
The crash prompted shock, anger and mourning.
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Microsoft reported $92.3 billion in revenue and more than $36.6 billion in profit for the September quarter, exceeding analysts’ expectations. Azure revenue grew 48%, while the company also offered voluntary buyouts to about 60,000 employees as it invests heavily in artificial intelligence.
Key Facts
Microsoft’s revenue was $92.3 billion, compared with analysts’ estimate of $90.6 billion.
The company reported more than $36.6 billion in profit, above the $35.1 billion analysts expected.
Azure, Microsoft’s cloud computing division, grew 48% in the September quarter.
Microsoft offered voluntary buyouts to about 60,000 employees, roughly a quarter of its workforce.
This was Microsoft’s second voluntary buyout offer of the year; in April, it offered early retirement to 7% of its U.S. workforce.
Microsoft reported 223,000 employees globally at the end of June, down from 228,000 at the end of 2025.
Microsoft announced a Surface Ultra laptop with Nvidia AI chips, priced above $2,500.
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The Federal Reserve kept interest rates unchanged while officials said inflation remains elevated. Separately, a judge overseeing the prosecution of former Venezuelan president Nicolas Maduro died at age 92, and hundreds of cruise passengers were stranded in Cambodia after high fuel prices cut short their trip.
Key Facts
The Federal Reserve held interest rates unchanged.
Fed officials acknowledged that inflation remains elevated.
A federal judge overseeing the prosecution of former Venezuelan president Nicolas Maduro died at age 92.
Hundreds of cruise ship passengers were stranded in Cambodia.
High fuel prices led to the cruise trip being cut short.
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A Siena Research Institute poll found that New York City Mayor Zohran Mamdani’s favorable rating among city voters rose to 69 percent, even as asking rents reached a record high. Realtor.com reported a median citywide asking rent of $3,785 in the third quarter of 2026, highlighting the affordability challenge facing his administration.
Key Facts
Mamdani’s favorable rating among New York City voters rose from 60 percent in September to 69 percent in the latest Siena poll.
In New York City, 28 percent of voters viewed Mamdani unfavorably, down from 31 percent in September.
Across New York state, Mamdani had a 47 percent favorable rating and a 43 percent unfavorable rating among likely voters.
The Siena poll surveyed 807 likely New York state voters from October 19 to 22 and had a margin of error of plus or minus 4.1 percentage points.
New York City’s median asking rent reached $3,785 in the third quarter of 2026, up 4.5 percent from a year earlier and 27.5 percent from before the pandemic.
Asking rents for studio to two-bedroom units rose 7.1 percent year over year to $3,662; rents for units with three or more bedrooms rose 2.9 percent to $5,089.
Manhattan had the highest median asking rent among the boroughs listed, at $5,375, up 8.3 percent year over year.
Realtor.com estimated that monthly costs to buy a median-priced New York City home reached $10,737 in the third quarter, nearly $7,000 more than renting.
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Flávio Bolsonaro left Brazil for the United States three days after losing the country’s presidential election, according to the article. It says he faces multiple criminal investigations and defied a Brazilian court by leaving.
Key Facts
Flávio Bolsonaro is a member of Brazil’s Bolsonaro family.
He left Brazil for the United States.
He left three days after losing Brazil’s presidential election.
He faces multiple criminal investigations, the article says.
The article says he defied a Brazilian court by leaving.
The article describes U.S. President Donald Trump as an ally of the Bolsonaro family.
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The European Union plans to support the Pan-Arctic Cable, a subsea internet link from Europe to Greenland that could later extend through Canada toward Japan and South Korea. The project aims to add routes outside the United States and Red Sea, as Europe seeks more resilient communications links amid strained relations with allies and risks to existing cables.
Key Facts
The European Commission named the Pan-Arctic Cable in its Arctic strategy, published October 20, 2026.
The proposed cable would directly connect Europe and Greenland and could later extend through Canada toward Asia.
European companies, research organizations and a Greenland telecom operator agreed to develop the project in 2025.
The EU has supported the project through its Connecting Europe Facility Digital program.
The EU has invested $119 million, or 107 million euros, to advance secure connectivity for Greenland.
More than 90 percent of communications between Europe and Asia travel through undersea cables in the Red Sea, according to TeleGeography.
Extending the cable across the Arctic would require more European icebreaker ships to support installation and maintenance.
A September 2026 security agreement preserved Greenland’s autonomous status within Denmark while expanding U.S. military access.
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Allegations that Mary Peltola’s campaign helped recruit candidates to draw votes away from incumbent Sen. Dan Sullivan shook up Alaska’s Senate race. Peltola’s campaign and national Democrats denied involvement, while Republicans accused her of lying and President Donald Trump accused her of election interference.
Key Facts
The allegations concern efforts to recruit candidates who could draw votes away from Sen. Dan Sullivan.
Peltola’s campaign denied involvement in recruiting the candidates.
National Democrats also denied involvement.
Republicans accused Peltola of deliberately lying to Alaskans.
President Donald Trump accused Peltola of election interference.
The article says the controversy may have come too late to change the Alaska race.
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UN human rights experts criticized France’s response to nationwide student protests, saying mass arrests and injuries to minors raised concerns about the use of force and the right to peaceful assembly. The protests began over school conditions and grew to include anger about the cost of living and government policies.
Key Facts
Four UN experts said arrests and detentions affecting several thousand people, mainly minors, appeared disproportionate.
The experts said a security-focused response had pushed students’ demands into the background.
Student protests have continued since mid-September, starting with complaints about deteriorating school buildings, crowded classrooms and teacher absences.
France’s Interior Ministry said 410,000 people protested nationwide on Saturday and authorities deployed 70,000 security personnel and arrested 1,000 people.
The previous week, authorities arrested 2,700 people after public buildings were vandalized and businesses were looted.
A teenager in Lille lost a hand when a grenade exploded during a clash between school protesters and police.
The UN experts called injuries to underage demonstrators unacceptable and urged France to review its policing practices.
The experts said they were in contact with French authorities about the issue.
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Florida 7th Congressional District candidate Bale Dalton appeared on CBS News’ “The Takeout” to discuss his campaign. He spoke about his hopes of flipping the district’s open seat in the upcoming midterm elections.
Key Facts
Bale Dalton is a candidate for Florida’s 7th Congressional District.
Dalton appeared on CBS News’ “The Takeout.”
The interview focused on Dalton’s campaign.
Dalton said he hopes to flip the district’s open seat.
The seat is up for election in the upcoming midterms.
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