Live updates: Cook Political Report shifts Texas, Iowa Senate races; Bessent downplays $40 trillion debt

The nonpartisan Cook Political Report moved both the Texas and Iowa Senate races from "lean Republican" to "toss up," a major shift for the deep-red states with less than three months until the midterm elections.

Elsewhere, Treasury Secretary Scott Bessent said Thursday that the U.S. can "grow our way out" of the national debt, which...