Today in One Sentence. Trump denied that munitions shortages are threatening to limit his military options in Iran, but acknowledged that some weapons are in “tighter” supply; the Senate Homeland Security Committee voted to hold Anthony Fauci in contempt of Congress after he invoked the Fifth Amendment more than 100 times and refused to answer questions about the origins of Covid-19; the Trump administration proposed eliminating most federal Head Start regulations; Trump has repeatedly called Federal Reserve Chair Kevin Warsh since he took office in May; Mitch McConnell was discharged from a rehab center and has returned home; the FCC eliminated the 39% cap on how many television households a single broadcaster can reach; and a federal judge temporarily blocked the BBC from obtaining Trump’s financial records in his $10 billion defamation lawsuit against the network.

1/ Trump denied that munitions shortages are threatening to limit his military options in Iran, but acknowledged that some weapons are in “tighter” supply. “The U.S. has massive amounts of ‘munitions,’ especially of certain types,” Trump claimed, while threatening “long term jail sentences” for officials who leak information about the depleted stockpiles. U.S. Patriot interceptor stocks fell from an estimated 2,330 before the war to roughly 759–827, while THAAD inventories have dropped from about 452 to 234–278, with ATACMS and Precision Strike Missiles also in limited supply. Trump also denied reports that he confronted Defense Secretary Pete Hegseth at Camp David over the shortages, calling the story “completely FALSE” and saying he is “extremely happy” with Hegseth. The Pentagon, meanwhile, is asking Congress for $67 billion in emergency war funding to refill weapons stocks, which could take years to rebuild. (Washington Post / Bloomberg / Axios / CBS News / CNN / The Hill / The Guardian)

2/ The Senate Homeland Security Committee voted to hold Anthony Fauci in contempt of Congress after he invoked the Fifth Amendment more than 100 times and refused to answer questions about the origins of Covid-19. Rand Paul argued that Fauci’s Biden-era pardon eliminated his risk of federal prosecution. The committee bypassed a full Senate vote and instead sent the referral directly to the Justice Department, which said it was reviewing the resolution. Fauci’s lawyer called the vote “a crude political stunt.” Meanwhile, Ron Johnson’s Senate Permanent Subcommittee on Investigations obtained a copy of the government-issued iPhone Fauci used during the pandemic, adding to millions of pages of Fauci-related records already turned over to congressional investigators. (New York Times / Wall Street Journal / New York Times / Washington Post / Reuters / Axios / CBS News / NBC News)

3/ The Trump administration proposed eliminating most federal Head Start regulations and letting states set standards for class sizes, child-to-staff ratios, background checks, and transportation. HHS said the changes could save about $2.2 billion and allow Head Start to serve hundreds of thousands more children. Head Start currently serves about 700,000 children and families. (Associated Press / Politico / NPR / Washington Post / New York Times)

4/ Trump has repeatedly called Federal Reserve Chair Kevin Warsh since he took office in May. Trump has asked Warsh about his views on the economy, including the effects of the war in Iran and artificial intelligence. It’s unclear if they’ve discussed interest rates. Warsh, however, told lawmakers last month that Trump hadn’t tried to interfere with the Fed, but declined to say whether the two had spoken. (Wall Street Journal / Bloomberg)

✨ Well, that’s fantastic: Mitch McConnell was discharged from a rehab center and has returned home. He didn’t say when he plans to return to the Senate. McConnell hasn’t been seen in public since he was hospitalized after a June 14 fall that left him “briefly unconscious,” and said he will continue an “intensive regimen of physical therapy” while working from home. McConnell, who is retiring when his term ends in January, has missed 51 Senate floor votes since his hospitalization and is expected to miss the vote to confirm Todd Blanche for attorney general. (NBC News / Axios)

5/ The FCC eliminated the 39% cap on how many television households a single broadcaster can reach. FCC Chair Brendan Carr called the 22-year-old restriction “outdated,” while Democratic Commissioner Anna Gomez said the move was “unlawful on its face” because Congress set the cap in federal law. (Washington Post / CNN / NBC News)

6/ A federal judge temporarily blocked the BBC from obtaining Trump’s financial records in his $10 billion defamation lawsuit against the network. Trump sued over a 2024 documentary that spliced together portions of his Jan. 6 speech in a way that appeared to show him directly urging supporters to attack the Capitol. While the BBC apologized for the edit, it maintains that it was unintentional and didn’t meet the legal standard for defamation. U.S. District Judge Roy Altman paused the discovery order while he considers Trump’s request to drop claims that the documentary damaged his businesses, and instead focus on personal reputational harm. The BBC, however, argued that those records remain relevant, because Trump’s reputation is closely tied to his business success. Trump’s proposed amended lawsuit still seeks $10 billion in damages. (Politico / The Guardian / CNBC / The Hill)

The 2026 midterms are in 89 days; the 2028 presidential election is in 824 days.