White House Council of Economic Advisers Chair Stephen Miran reacts to the June employment report and discusses what it could mean for Federal Reserve monetary policy on "Bloomberg Open Interest." US payrolls increased 147,000 last month, driven by a jump in state and local government employment, and the unemployment rate fell to 4.1%.

Lawmakers and Gov. Tony Evers raced to pass the budget before action in Washington D.C. cuts off Wisconsin hospitals from more than $1 billion in potential federal funding.

MADISON, Wis. — Wisconsin Gov. Tony Evers signed a new two-year budget in the early morning hours Thursday in a race against Congress to ensure the state gets a federal Medicaid match that it would lose under President Trump's tax and spending cuts package.