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US government shutdown 'unnecessary risk' to resilient economy-Brainard

WASHINGTON (Reuters) -White House economic adviser Lael Brainard said on Friday that a government shutdown that could start this weekend was an "unnecessary risk" to a resilient economy now with moderating inflation. Brainard told CNBC that avoiding a lapse in government funding was "completely in the hands of the House (of Representatives), the House Republicans in particular", and that risks to the economy include active military service members going without pay, air traffic delays and poor Americans being unable to access government benefits. Brainard said that U.S. Commerce Department data showing underlying annualized inflation excluding food and energy fell below 4% for the first time in more than two years in August was "absolutely good news" for the economy. ....

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1st missile strike at aerial object over Lake Huron missed

The chairman of the Joint Chief of Staffs said Tuesday that the first U.S. missile fired at an unidentified object over Lake Huron missed the second target and “landed harmlessly" in the water, but that the second one successfully hit. The acknowledgment by Gen. Mark Milley of the errant strike comes amid questions about whether the shootdown of aerial objects that military officials say didn’t pose a threat is creating unnecessary risk. The White House has said the objects differed in size and maneuverability from a Chinese surveillance balloon that U.S. fighter jets shot down earlier this month, but that their altitude was low enough to pose a risk to civilian air space. ....

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