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The House of Representatives successfully completed an override of a presidential veto for the first time since the Obama administration on Monday. With overwhelming majorities in both caucuses, the House issued an override of the National Defense Authorization Act.The bill needed a two-thirds majority for a successful override.The bill returns to the Senate, where it will also need a two-thirds majority to pass.The veto was President Donald Trump’s ninth since taking office. Eight previous vetoes were successfully sustained.The National Defense Authorization Act provides the Pentagon with 0 billion in funds, and authorized pay raises for members of the armed forces.Trump objected to the bill due to the Pentagon’s policy of renaming US bases that are named for confederate leaders. Trump also used the legislation as an opportunity to state his grievances on Section 230, a US code that offers legal protection for internet sites and social media companies.A number of Republicans have joined Democrats in condemning Trump for objecting to the defense funding bill.“It’s definitely been erratic at the end here,” Republican Rep. Adam Kinzinger said in a Monday interview on MSNBC. “I think he’s more focused on grievances than finishing out strong… The NDAA, veto of that makes no sense, but hopefully, we override that. Section 230, if you have a real issue with Section 230, that’s fine but the defense bill isn’t the place to deal with it. That’s through the Energy and Commerce Committee and others.”Overrides of presidential vetoes are relatively rare. President Barack Obama had just one of his 12 vetoes overridden. President George W. Bush had four of his 12 vetoes not sustained. President Bill Clinton issued 37 vetoes, only two were not sustained. President George H.W. Bush had all but one of his 44 vetoes sustained. 1850

The National Football League announced on Wednesday that they'd canceled the 2021 Pro Bowl due to COVID-19.The news comes as the league deals with games being postponed due to players and coaches testing positive for the virus.The league added they are talking with the National Football League's Players Association to replace the game with virtual activities to replace the competition.The league stated that the players will still be named to Pro Bowl teams at the end of the season, which fans can begin voting for starting Nov. 17.The league will announce the results in December.The pro bowl was set to be played in Las Vegas in 2021, but they'll have to wait until 2022 to host it.This marks the first time since 1949 that the league hasn't played the pro bowl, ESPN reported. 791

The novel coronavirus pandemic is impacting normal routine, and that includes elections.By now, both presidential campaigns would traditionally be crisscrossing the country, holding rallies for thousands in various swing state cities. But that's not the case.TRUMP'S STRATEGY VS BIDEN'S STRATEGYPresident Donald Trump has stopped rallies following his appearance in Tulsa, Oklahoma, where crowds did not meet expectations. However, the president is using the power of the office to still travel to swing states and hold official White House events. In the last three weeks, President Trump has held official White House events in Texas, North Carolina, Georgia, Florida and Ohio. Meanwhile, the Democratic nominee, Joe Biden, has suspended virtually all swing-state travel. Biden has made several speeches in Pennsylvania, but that is a quick drive from his home in Delaware. Instead, Biden has campaigned virtually, holding online streaming events, while granting interviews to several local television stations in swing states. IS BIDEN'S STRATEGY WORKING? President Trump has attacked Biden's strategy, saying the former vice president "won't get out of his basement." The Biden campaign believes it is has energized supporters. "We are campaigning in a way that we can keep our supporters, our staff safe, but we are still getting the vice president’s message out," TJ Ducklo, press secretary for the Biden campaign, said. When asked if Biden supporters may get tired of virtual events by the November election, Ducklo said, "We are seeing an incredible amount of support throughout the country."WHAT OUR REPORTERS ARE SAYINGTo get insight into whether the Biden strategy is working, we asked Scripps' political reporters in Detroit and Cleveland to ask their sources."I don’t know if the virtual events are mobilizing voters beyond those that are already mobilized," said John Kosich, political reporter with WEWS in Cleveland."I think the novelty of politics as a whole has worn off," weighed in Brian Abel, a political reporter with WXYZ in Detroit. "People are ready to cast their votes." 2104

The interest rate on the 30-year fixed-rate mortgage remained near record lows in June and is likely to stay there in July.The 30-year fixed averaged 3.33% APR in the first four weeks of June, a smidgen lower than the 3.37% average APR in May and 3.36% in April. June’s rate average was the lowest in the four-year history of NerdWallet’s daily rate survey.A mission to reduce ratesMortgage rates were remarkably anchored from April through June after the Federal Reserve intervened to stabilize rates and push them down.But the Fed’s intervention hasn’t been entirely successful: Although mortgage rates have been remarkably stable, they’re stuck at a higher-than-expected level. To put it more bluntly, rates should be lower.Since March, the central bank has bought billions of dollars’ worth of Treasurys and mortgage bonds “to sustain smooth market functioning, thereby fostering effective transmission of monetary policy to broader financial conditions,” as the Fed explained in a June 10 statement.Dissecting that short passage:The Fed is saying that its goal is to push interest rates, including mortgage rates, lower. That’s what “transmission of monetary policy to broader financial conditions” means.It’s trying to accomplish that goal by buying Treasurys and mortgage bonds to calm and stabilize those markets. Stabilizing markets is a method, not the goal.? MORE: How mortgage rates are determinedFed failed to make a bigger splashThe Fed has succeeded in calming the waters. That’s why there were ripples, not waves, in fixed mortgage rates from April through June. But it has only partially succeeded in its goal to push interest rates lower. For the Fed to declare victory in “fostering effective transmission of monetary policy to broader financial conditions,” mortgage rates would have to fall another half a percentage point or so.With its intervention, the Fed decreased Treasury yields and mortgage rates. But the results are unequal: Since January, the 10-year Treasury yield has fallen a little over one percentage point, while the 30-year mortgage has fallen about half a percentage point. Normally, the two would fall roughly the same amount.Rates slow to sync with TreasurysWhy haven’t mortgage rates fallen further? You might guess that lenders are keeping rates elevated to offset the risk of mortgages going into default during the COVID-19 recession. But mortgage rates tend to fall during recessions.? MORE: What COVID-19 means for mortgage ratesMaybe mortgage servicers, the companies that collect monthly payments and work with past-due borrowers, want to be paid for the increased risk they bear, and it’s translating to higher rates. Maybe an undetected economic force keeps a floor on mortgage rates, preventing the 30-year fixed from falling below 3% and lingering there.A more plausible theory is that mortgage rates will follow historical patterns and shamble lower until they’ve fallen roughly the same as Treasury yields. That’s the conclusion that Bill Emmons, economist for the Federal Reserve Bank of St. Louis, makes in a paper titled “Why Haven’t Mortgage Rates Fallen Further?”Using history as a guide, Emmons writes, “we would expect a further decline in mortgage rates of perhaps 0.5 percentage points.” If he’s right, mortgage rates might drop in July.Don’t count on it, though. Not after these two months of stability; rates might continue to tread water.More From NerdWalletCompare current mortgage ratesHow much home can I afford?Buying or selling a home during the pandemicHolden Lewis is a writer at NerdWallet. Email: hlewis@nerdwallet.com. Twitter: @HoldenL. 3623

The lawyer for one of the women suing President Donald Trump for defamation is seeking recordings of "The Apprentice" from Metro-Goldwyn-Mayer.Former "Apprentice" contestant Summer Zervos filed a lawsuit against Trump in January 2017, in which she alleged that Trump defamed her in 2016 after she said he sexually assaulted her in 2007.Her lawyer, Mariann Wang, is also seeking hotel records from the Beverly Hills Hotel."We are gathering evidence that will prove that (the) defendant lied when he falsely denigrated Ms. Zervos and denied sexually assaulting her," Wang said.MGM owns the archives of "The Apprentice" and Wang wants the company to hand over all documents, video or audio that feature Zervos or Trump talking about Zervos and any recording in which Trump speaks of women in a sexual or inappropriate manner.Zervos' attorney also wants to depose an MGM representative to inquire about how recordings of "The Apprentice" are stored and maintained, who has access to them, and when if ever they were transferred or destroyed.The subpoena asks for "(a)ll video and audio recordings that include Donald J. Trump talking or commenting on the female candidates or female potential candidates of any season of The Apprentice in any sexual or inappropriate manner, including without limitation any statements or comments by Donald J. Trump concerning any female candidate's or potential candidate's body or body parts and/or his sexual or romantic desire or intention concerning any female candidate or potential candidate."MGM declined to comment.Wang also wants records from the Beverly Hills Hotel of any stay by Trump from 2005 through 2009 and documents related to his longtime bodyguard Keith Schiller, his longtime assistant Rhona Graff or Zervos.She also asks for, "(a)ll video recordings that depict the entrances, common areas, or bungalow areas of the Beverly Hills Hotel during the month of December 2007."The communications director for the Beverly Hills Hotel, Brittany Williams, confirmed the hotel was subpoenaed."I can confirm we received a subpoena but we are not providing any further comment at this time," Williams said.Wang has set a May 31 deadline for both companies to comply with the subpoena for the material requested.The New York Times first reported on the subpoenas Wednesday.T 2322