President Trump at the 200th mile of border wall in San Luis, Arizona, on June 23. Photo: Saul Loeb/AFP via Getty Images.

A federal appeals court ruled Friday that the Trump administration's transfer of $2.5 billion from the Pentagon for southern border wall construction was an illegal breach of its executive authority, the Washington Post reports.

The big picture: Much of the money has already been awarded by the administration, AP reports. The long-term consequences of Friday's ruling are also uncertain, since it "only affects a portion of the funds the White House has budgeted" for border wall construction, per the Post.

Between the lines: A Supreme Court ruling in July did not determine whether the administration’s transfer of Pentagon funds was legal; it lifted a 9th Circuit Court injunction that froze military fund transfers, per the Post. The ruling allowed the Pentagon to redirect $2.5 billion to the Department of Homeland Security for border wall projects.

What they're saying: "The Executive Branch’s failure to show, in concrete terms, that the public interest favors a border wall is particularly significant given that Congress determined fencing to be a lower budgetary priority and the Department of Justice’s own data points to a contrary conclusion," the U.S. 9th Circuit Court of Appeals majority opinion issued Friday reads.

Where it stands: Private contractors have finished roughly 220 miles of fencing along the U.S.-Mexico border, per the Post.

What's next: The administration is expected to appeal Friday's ruling to the Supreme Court.

Go deeper: Trump admin says it completed 100th mile of southern border wall

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Full D.C. appeals court to rehear Michael Flynn case

Photo: Alex Wroblewski/Getty Images

The full D.C. Circuit Court of Appeals agreed Thursday to rehear whether it should accept the Justice Department's request to dismiss the case against President Trump's former national security adviser Michael Flynn.

The big picture: After oral arguments on Aug. 11, the court's 11 judges will decide the ultimate fate of Flynn's case after its initial 2-1 ruling last month ordered a district court judge to drop it. Flynn pleaded guilty to lying to the FBI in 2017 about his contacts with the Russian ambassador during the Trump transition, but a DOJ review this year alleged prosecutorial misconduct by FBI agents who had interviewed him.

U.S. sanctions Hong Kong leader Carrie Lam

Photo: Anthony Kwan/Getty Images)

The Treasury Department on Friday placed sanctions on Hong Kong leader Carrie Lam, following months of tension as she has allowed continued overreach by Beijing to subvert Hong Kong's autonomy.

Why it matters: It's the toughest sanction yet imposed on China for its destruction of Hong Kong’s relatively free political system.

GM's high-stakes electric move

The Cadillac Lyriq. Image courtesy of Cadillac

Cadillac on Thursday unveiled the Lyriq, the luxury brand's first all-electric model and GM's first consumer electric vehicle unveil since the Chevy Bolt several years ago.

Why it matters: It's the first reveal by GM of an electric vehicle that will use the company's new modular platform and Ultium battery system — technologies meant to underpin the 20 electric vehicles that GM plans to launch by 2023.