Axios

The Biden administration is "deeply concerned" that two bills passed by the Israeli Knesset on Monday will exacerbate the already dire humanitarian crisis in Gaza and harm Palestinians in East Jerusalem and the West Bank, a State Department spokesman told reporters.

Why it matters: The U.S. and other Western countries pressed Israel not to move forward with the bills against the UN Relief and Works Agency (UNRWA). Their passage will likely increase pressure on the Biden administration to suspend military assistance to Israel.

Elon Musk's alleged conversations with Russian President Vladimir Putin have raised national security questions highlighting the U.S. government's reliance on SpaceX, the tech billionaire's astronautics company.

Why it matters: The situation puts the government in the difficult position of choosing to continue its relationship with Musk despite the liability he could pose, or sever ties and lose access to services it relies on.

NATO Secretary General Mark Rutte confirmed Monday that North Korean troops had arrived in Russia's Kursk region near the Ukrainian border and called their deployment a "dangerous expansion of Russia's war."

Why it matters: North Korean soldiers deployed to the region could see combat against Ukrainian forces, which occupied hundreds of square miles of Russian territory after launching an incursion into Kursk in the summer.

Oil prices fell sharply to start the week as traders weighed Israel's weekend retaliation for Iran's Oct. 1 missile strike — and what might follow.

Why it matters: The market seems to see Israel's avoidance of Iranian oil and nuclear sites as moving away from large-scale confrontation.

A speaker at former President Trump's Madison Square Garden rally compared Puerto Rico to "a floating island of garbage," drawing backlash from the Harris campaign, Puerto Rican celebrities and some Republicans.

Why it matters: Puerto Ricans are an important part of the growing Latino electorate, especially in the critical battleground state of Pennsylvania.

With the countdown to Election Day in the single digits, GOP vice presidential candidate JD Vance returned to the familiar Sunday show stage.

In his sometimes hostile sit-downs with three networks, Vance zoomed in on foreign policy while touting an image of former President Trump as a "candidate of peace," as the GOP nominee continues to deliver controversial closing arguments.

Here's what you may have missed when newsmakers hit the airwaves this Sunday, Oct. 27.

Treasury Secretary Janet Yellen and seven foreign counterparts sent Israeli Prime Minister Benjamin Netanyahu a letter, obtained by Axios, warning that his far-right Finance Minister Bezalel Smotrich might be about to cause the collapse of the Palestinian economy.

Why it matters: A key deadline looms: Smotrich has until Oct. 31 approve an extension of the financial correspondence between banks in Israel and the West Bank, without which the Palestinian banking system could implode.