Evening Briefing — June 6, 2026

Former Senator Dies. Former Senator Bob Packwood, who was forced to quit in a sex scandal, has died at 93. Packwood was ousted by a sex scandal during his time in the Senate. This marks the passing of a notable figure in Senate history.

Treasury Department Action. The Treasury Department plans to use Iranian assets to help U.S. Gulf allies recover. This action by the Treasury Department aims to provide assistance to U.S. allies. The move involves the use of specific assets for recovery efforts.

Federal Reserve Limitations. U.S. mortgage rates are staying high, and the Federal Reserve can do little about it. This indicates a challenge for the Federal Reserve in influencing current mortgage rates. The situation highlights limitations on the Federal Reserve's ability to impact certain economic factors.

Trump Pardons. Trump pardons a former GOP congressman who was convicted of insider trading. This executive action grants a pardon to a former political figure. The pardon addresses a conviction related to insider trading.