Axios

The Trump administration notified Israel it is sending dozens more refueling planes to the country ahead of a potential expansion of military operations against Iran, three U.S. and Israeli officials said.

Why it matters: After he was presented with several new military plans in a Situation Room meeting Tuesday, President Trump is considering a massive offensive in Iran that would be wider in scope than the current strikes around the Strait of Hormuz.

The latest batch of data offered a fresh look at three corners of the economy: Homebuilding rebounded after a weak spring, import prices continued edging higher, and consumer moods brightened for a second straight month.

Andy Burnham will be the U.K.'s new prime minister after becoming Labour's leader Friday.

Why it matters: Burnham vaulted from regional politics to the cusp of Downing Street within weeks — an unusually rapid ascent that leaves him little time to prepare for mounting economic and political challenges.

Ukraine's drone attacks on refineries have hammered Russia's oil infrastructure, creating an economic shock that is increasingly visible worldwide, including in the U.S.

Why it matters: The effectiveness of the Ukrainian drone campaign is helping drive up world energy prices already elevated by the Iran war.

President Trump alleged Thursday that U.S. intelligence agencies covered up information about alleged Chinese efforts to influence the 2020 U.S. election.

Why it matters: The document release is likely to renew scrutiny of Trump's claims about foreign interference in the U.S. election and the government's past intelligence assessments.

President Trump alleged during a White House address Thursday that China interfered in the 2020 election and that U.S. intelligence agencies covered it up.

Why it matters: Trump is reopening a politically charged debate over China's role in the 2020 election while directly challenging U.S. intelligence assessments that concluded Beijing did not try to influence the election's outcome.

White House officials were surprised in recent days to read in the Israeli press that President Trump would host Prime Minister Benjamin Netanyahu on Monday.

• In fact, no meeting has been scheduled.

Why it matters: Netanyahu has visited the Oval Office six times since Trump returned to office a year and a half ago — more than any other world leader. Each of those meetings was scheduled within a matter of hours or days. This time, Netanyahu has been trying to get an appointment for more than two weeks.

A bipartisan push to pass the late Sen. Lindsey Graham's (R-S.C.) revised Russia sanctions package has more than 60 co-sponsors — enough to clear a Senate filibuster.

Why it matters: The legislation, which would impose 100% secondary tariffs on countries that continue buying Russian oil and gas, now appears to have the votes it needs to pass the Senate. The biggest remaining hurdle is getting floor time.

President Trump's deportation campaign has expanded far beyond ICE, turning federal agents, state troopers, local police and even wildlife officers into a massive 50,000-person internal enforcement force, a new ACLU report says.

Why it matters: The aggressive expansion is blurring the lines between local public safety and federal immigration enforcement, fundamentally changing U.S. law enforcement — and raising civil rights concerns, the report says.

Sen. John Fetterman (D-Pa.) said he'd leave the Democratic Party if it becomes the "anti-Israel party," though he signaled he had no plans to imminently depart the caucus.

Why it matters: Republicans currently hold a narrow Senate majority, but with midterm elections looming, Fetterman's comments could be a blow to Democrats should they flip four seats in November and regain control.

The Trump administration said Wednesday it will impose an additional 25% tariff on many Brazilian goods, escalating a trade fight it says is rooted in Brazil's treatment of U.S. companies.

Why it matters: The new policy includes exemptions for key consumer staples like coffee and beef, suggesting the White House is trying to minimize the inflationary impact on American shoppers even as it steps up pressure on Brazil over disputes involving U.S. tech firms, ethanol and more.

China is now viewed more favorably than the U.S. in most of the 36 countries surveyed by the Pew Research Center, according to a new report spanning six continents.

Why it matters: The findings suggest the global standing of the U.S. has slipped as President Trump advances his "America First" agenda, while China's international image has improved.