The Excerpt

Elon Musk becoming the world's first trillionaire is the kind of milestone that says something about making it in America. After all, this is a country that has long celebrated outsized success. But it's impossible to ignore that this moment arrives when many working Americans say simply affording a home feels out of reach. What happens when the promise of opportunity becomes less certain in a country built on the idea of opportunity? Susan Stokes, the distinguished service professor of political science at the University of Chicago and director of the Chicago Center on Democracy, joins USA TODAY’s The Excerpt for a look at what happens to faith in democratic institutions as unprecedented wealth becomes more concentrated.
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The human and financial costs of the U.S. war in Iran continue to rise as the number of service members killed rises to at least 18 and President Donald Trump seeks an additional $67 billion in defense spending. Supporters argue the money is essential to maintain pressure, while critics point to a mission that still lacks clearly defined objectives or a clear timeline. USA TODAY White House Correspondent Joey Garrison joins The Excerpt to discuss the stakes for the Trump administration and the potential for a widening conflict.
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The unemployment rate fell in June, but beneath that encouraging headline are signs that the U.S. job market may be losing momentum. Employers added just 57,000 jobs, previous estimates were revised downward and the share of people working or actively looking for work declined. Older workers are leaving at especially high rates, while hiring burnout, return-to-office mandates, caregiving responsibilities, retirement and lower immigration may all be contributing to a shrinking labor force. USA TODAY Money Reporter Rachel Barber joins The Excerpt to explain what the latest numbers really reveal, why fewer available workers could constrain economic growth and how much confidence we should place in a jobs report that may still be revised.
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President Donald Trump built his political coalition with overwhelming support from white working-class and rural voters. But rising grocery prices, health care costs, tariffs and frustration over the economy are testing that loyalty ahead of the midterms. USA TODAY National Correspondent Chris Kenning joins The Excerpt to explain why some Trump voters are growing disillusioned with the politics of MAGA.
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The question of whether college is worth it has gotten more complicated as costs rise and students weigh other paths after high school. USA TODAY Personal Finance Reporter Daniel de Visé breaks down what new research says about the value of a degree and the factors that can change the math.
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