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The Senate is set to move forward with its version of the annual defense policy bill known as the National Defense Authorization Act -- marking the latest step for a key piece of legislation that has been passed by Congress for 55 straight years.At a time where passing bills is often challenged by the deep partisan divide and competing political factions on Capitol Hill, it can be difficult to understand why the NDAA would be any different.But as the measure that sets military policy on issues such as Guantanamo Bay, buying weapons, pay raises for service members and even the endangered status of the Sage Grouse, the NDAA is considered of one the few must-pass bills left in Congress.So what makes it so important?One of the most obvious reasons is the money.The NDAA authorizes levels of defense spending -- an amount between that will total between 0 and 0 billion for the next fiscal year that begins on October 1 -- and sets the Pentagon policies under which that money will be spent.This year's bill is expected to authorize a major hike in military spending and even exceed the billion defense budget increase requested by President Donald Trump for 2018 that aimed for more aircraft and ships.In July, the House of Representatives passed their 6 billion version of the bill which included billion more in defense spending than the Trump administration requested.The Senate's bill is expected to authorize a similar amount based on the mark up completed by the armed services committee, led by Arizona Republican Sen. John McCain, in June.If the Senate's bill passes as expected then both houses of Congress will come together to vote on a final version. A vote in the Senate is scheduled Monday.But the fight over the size of the defense budget is just getting started, however, as Senate Democrats have vowed to block major increases to defense spending without equal increases to domestic programs.That fight will occur later this year over the defense appropriations bill, which is a separate piece of legislation that allocates spending for the Pentagon.In addition to authorizing increased military spending, the NDAA will set Pentagon policy on several key issues including troop level increases for the service branches and render a decision on a controversial new "Space Corps" program that was included in the House version of the bill but left out by the Senate.The program was also opposed by the White House and the Air Force.There will also be several controversial issues that will likely be left out of the NDAA including an amendment that would block Trump's ban on transgender service members and the proposed repeal of the 2001 and 2002 war authorizations that the US military uses to fight terrorism across the globe. 2776

The US stock market sank deeper into the red following sluggish economic reports on Monday and bad news from a couple of blue-chip giants.The Dow fell 600 points by late afternoon, or 2.6%. The S&P 500 lost 2.6% and retreated to its lowest level of the year. And the Nasdaq joined the Dow & S&P 500 in negative territory for 2018. All three indexes have plunged about 7% so far this December.The Dow closed down 507 points for the day.And the Russell 2000 index of small-cap stocks tumbled into a bear market, marking a 20% decline from the record highs notched in late August.A weaker reading from the New York Federal Reserve about manufacturing in the Empire State and a drop in confidence from the nation's homebuilders weighed on the markets."Investors are zeroing in on this idea of slower growth for 2019," said Michael Arone, chief investment strategist at State Street Global Advisors. "More people are worried about a recession in late 2019 or 2020."The political noise in Washington isn't helping either. President Trump, in a tweet Monday morning, repeated his criticism of the Federal Reserve for its recent rate hikes. The Fed meets Wednesday and is widely expected to raise rates again.But Trump tweeted that "it is incredible that with a very strong dollar and virtually no inflation, the outside world blowing up around us, Paris is burning and China way down, the Fed is even considering yet another interest rate hike. Take the Victory!"The Fed is supposed to be politically independent. Any evidence that it might be swayed by attacks from Trump could unnerve the markets."If the Fed doesn't raise rates it will look like it's succumbing to the bullying of Trump's tweets," Arone said.But Nancy Perez, managing director at Boston Private, said the Fed is likely to slow down its pace of rate hikes in 2019 simply because the economy is slowing, not because of pressure from Trump.Perez added that the recent market turmoil is justified because investors are readjusting to this fact."We have been getting a bump in profit margins due to lower taxes but the earnings growth itself is not sustainable," Perez said. "Projections will come down and volatility will continue." 2247

The Vans Warped Tour, a long-running punk rock tour and festival that pushed the genre into national relevance, will end after 2018.Warped Tour founder Kevin Lyman shared the news on the tour's website, in an essay headlined "All Good Things Must Come to an End.""It will be bittersweet each morning when I see the sun rise and then watch it set knowing that this will be the last time I get to witness it from that exact spot," Lyman wrote. "Though the tour and the world have changed since ’95, the same feeling of having the ‘best summer ever’ will live on through the bands, the production teams, and the fans that come through at every stop."The Warped Tour has been a summer staple in American cities since 1995. Each year, festival tour featured dozens of acts and multiple stages throughout cities in North America. Acts like Fall Out Boy, Blink-182, The Offspring, Simple Plan and Sum 41 got their start on the tour and helped start a pop punk revolution in the late '90s and early 2000sThough Lyman said the 2018 tour would be the festival's last, he also wrote that he is currently preparing a 25th anniversary celebration for the first Warped Tour in 2019.The cities and dates of the final Warped Tour are listed below. 1259

The student-athletes have been working too hard for their season to be cancelled. #WeWantToPlay https://t.co/lI3CCKZ4ID— Donald J. Trump (@realDonaldTrump) August 10, 2020 179

The Trump administration is planning to expand an operation that would send federal law enforcement agents to Detroit, Cleveland and Milwaukee in the coming weeks, the White House announced Wednesday night.According to a recap of the day's events on the White House website, President Donald Trump and the Department of Justice plan to expand the program into the three Midwestern cities in the next three weeks.Trump and Attorney General William Barr announced Wednesday that they would send federal agents to Chicago and Albuquerque to combat rising crime under the "law and order" push.“In recent weeks there has been a radical movement to defund, dismantle and dissolve our police department,” Trump said Wednesday at a White House event, blaming the movement for “a shocking explosion of shootings, killings, murders and heinous crimes of violence.”“This bloodshed must end,” he said. “This bloodshed will end.”Detroit Mayor Mike Duggan, Police Chief James Craig and Michigan Gov. Gretchen Whitmer spoke out earlier this week after Trump said they were looking into the plan to bring agents to Detroit."There could be no possible justification for such an action. The Detroit Police Department has had the support of the Detroit community in making sure our City did not have a single store looted or a single fire started during the protests," Duggan and Craig said in a joint statement. "Unlike nearly every other major city in the country, the Detroit Police Department never requested assistance from the National Guard - we handled our issues as a community. We definitely have no need for any federal presence being sent in now.""It is deeply disturbing that President Trump is once again choosing to spread hateful rhetoric and attempting to suppress the voices of those he doesn't agree with," Whitmer said. "Quite frankly, the president doesn't know the first thing about Detroit. If he did, he would know that for nearly two months now, Detroiters have gathered to peacefully protest the systemic racism and discrimination that Black Americans face every day. There is no reason for the president to send federal troops into a city where people are demanding change peacefully and respectfully."Federal officers are already in Portland, Oregon and have clashed with protesters over the previous few days."Portland is a very different place than Chicago, but Chicago should be calling us, and so should Philadelphia and Detroit and others to go in and really help them," he said. "Because when you're losing many people a weekend... you see the same numbers as I do. When you're losing these people they should call us and they should say come on in. It's incredible to me, but they're not doing it. At some point they will; at some point we may have no other choice but to go in."This story was originally published by Max White at WXYZ. 2860