Weekly News Recap

Good morning. This is The Weekly Briefing for the week of August 4th, 2025.

This week, the American economy received a chilling warning as a dismal jobs report sent shockwaves through Wall Street, fueling fears of a looming recession. At the same time, the White House engaged in high-stakes diplomacy from the Caucasus to Moscow, while fundamentally reshaping the nation's immigration and justice systems at home. And across the country, a tale of two climates unfolded: as historic wildfires scorched the West, the Southeast drowned under a relentless deluge.

We begin tonight with the economy, where a single government report has called the nation's financial health into serious question.