1/ The FDA authorized updated coronavirus booster shots for children as young as 5. The CDC, which recommends how vaccines are used, signed off hours later. The reformulated boosters are bivalent, meaning they contain a combination of components that target the original coronavirus strain and the Omicron subvariants BA.4 and BA.5, which make up about 80% of the virus circulating in the U.S. (New York Times / CNBC / Associated Press / Washington Post)

2/ Biden said the prospect of a “slight recession” is possible but that he doesn’t “anticipate it” despite inflation expected to return to a 40-year high and the Federal Reserve promising to continue raising interest rates until inflation cools. The core consumer price index, which excludes food and energy, is projected to rise 0.4% in September from August and 6.5% from a year earlier – matching the rate seen in March that was the highest since 1982. In response, the Fed has raised its benchmark rate five times this year to a range between 3% and 3.25% today from near zero. It’s the most rapid pace of rate increases since the early 1980s to fight inflation running near 40-year highs. (CNN / Wall Street Journal / Bloomberg / CNBC / Bloomberg)

3/ More than 2,600 federal officials reported stock investments in companies while those companies lobbied their agencies for favorable policies. During both Republican and Democratic administrations from 2016 through 2021, more than one in five senior federal employees across 50 federal agencies reported owning or trading stocks that stood to rise or fall with decisions their agencies made. Further, more than 60 officials at five agencies, including the FTC and the Justice Department, reported trading stock in companies shortly before their departments announced regulatory enforcement actions against those companies. (Wall Street Journal)

4/ The Jan. 6 committee will share new video footage and internal Secret Service emails that show Trump ratcheted up the conflict at the Capitol, despite being warned of escalating violence. The committee’s hearing on Thursday is expected to corroborate its key findings about Trump and the Jan. 6 insurrection: that Trump sought to rile up his supporters to block the certification of Biden’s electoral victory; used his speech near the Ellipse to encourage his supporters to “fight like hell” knowing some were armed; directed them to march on the Capitol; and then refused to call off the take. Since its last hear...