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U.S. official says Iran “preparing to imminently launch” missile attack on Israel

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A senior White House official told CBS News on Tuesday that the U.S. had “indications that Iran is preparing to imminently launch a ballistic missile attack against Israel.” The warning, which Israel’s military said had been communicated from Washington, came hours after Israel announced the beginning of “limited, localized, and targeted ground raids” against the Iran-backed group Hezbollah in Lebanon.

“We are actively supporting defensive preparations to defend Israel against this attack,” the White House official said, adding that any direct “attack from Iran against Israel will carry severe consequences for Iran.”

Israel Defense Forces spokesman Rear Admiral Daniel Hagari said Tuesday that U.S. officials had informed the IDF that Iran could fire missiles “in the near future.” 

“At this point, we still do not detect an aerial threat launched from Iran towards Israel,” Hagari said, adding: “We have dealt with this threat in the past and we will deal with it now as well.”


Israel expands strikes on Iran proxies, building up military presence near Lebanon border

02:21

The U.S. Embassy in Israel issued a security alert  Tuesday telling all U.S. government employees and their families to shelter in place “as a result of the current security situation.” 

Iran last fired a salvo of ballistic missiles at Israel in April, in retaliation for an Israeli strike on the Iranian consulate in Syria’s capital, which killed a number of senior Iranian military commanders.  

Iran launched more than 300 missiles and drones at Israel in that April attack, but Hagari said at the time that virtually all of the weapons were intercepted before entering Israeli territory, and he reported only minor damage to one military base from the few missiles that did land in the country. One 10-year-old girl was “severely injured by shrapnel” from an intercepted missile, but the IDF reported no additional casualties.

The IDF spokesman said Tuesday that Israeli Air Force planes were patrolling the skies “and our defense systems are at peak readiness.”

President Biden has called repeatedly for a cease-fire amid weeks of escalating fire between Israel and Hezbollah over the southern Lebanon border. U.S. officials at the White House, State Department and Pentagon have all made clear the risks of an all-out war between Israel and the well-armed Iranian proxy group in Lebanon, warning that it could spiral into a broad regional conflict.

Map of Middle East showing Iran-backed groups including the Houthis in Yemen and Hezbollah in Lebanon

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On Sept. 30, Pentagon Deputy Press Secretary Sabrina Singh told reporters that a number of American units already in the Middle East would have their deployments extended, and the forces due to replace them would instead overlap. That includes F-16, F-15E, A-10 and F-22 fighter aircraft and the personnel who operate the planes, she said, amounting to an increase of an “additional few thousand” U.S. troops in the region.

U.S. defense officials told CBS News Tuesday that there are currently more U.S. military capabilities in the region, including 40,000 American troops, than there were when Iran launched its direct missile attack on Israel in April.

Iran backs a range of groups across the region, including Hezbollah, Hamas and the Houthi rebels in Yemen. Tehran refers to these groups as a “resistance front” against Israel’s decades-long occupation of Palestinian territory, while Israel refers to it as an axis of evil with the ideological goal of wiping the Jewish state off the map.Hezbollah’s calls its rocket and drone attacks on Israel a legitimate support and defense of Palestinians in Gaza and the Israeli-occupied West Bank, and the Houthis have claimed the same rational for their months-long targeting of commercial and military vessels in the Red Sea.

One of the biggest risks for the U.S. is that Iran’s proxy groups — including smaller militias based in Iraq and Syria — will target American forces in the region in retaliation for Washington’s support of Israel. They have already done so since Oct. 7, firing rockets and drones at U.S. bases more than 165 times. Most of the attacks cause little to no damage, but a January drone assault on a U.S. outpost in Jordan, claimed by an Iran-backed group in Iraq, killed three U.S. troops and wounded dozens.

Before the White House official told CBS News about Iran’s purported plans for a missile attack, Israel’s military tightened domestic security precautions in much of the country on Tuesday. Among the new measures announced by the IDF’s Homefront Command, were limits on the number of people permitted to gather in public across much of northern Israel, near the Lebanon border.

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Iran fired missiles at Israel, IDF says

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Iran fired missiles at Israel, IDF says – CBS News


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The Israel Defense Forces says missiles were launched from Iran towards the State of Israel. Warning sirens blared in Tel Aviv Tuesday night, and President Biden, Vice President Kamala Harris and the national security team convened before Iran’s apparent strike. CBS News’ Willie James Inman has more from the White House.

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Israelis seek shelter after Iran launches missiles, IDF says

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Israelis seek shelter after Iran launches missiles, IDF says – CBS News


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The Israel Defense Forces is warning Israelis to shelter in place as news of missiles apparently launched from Iran emerges. CBS News’ Willie James Inman has more from the White House where President Biden and Vice President Kamala Harris have been monitoring tensions in the region. Also, CBS News contributor Robert Berger has more from Jerusalem.

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Why you should open a long-term CD this October

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For savers looking for a safe and predictable return on their money, a long-term CD makes sense this October.

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When it comes to pursuing financial products and services, the timing needs to be just right. This is especially true for select investment types and savings accounts. If you had opened a savings account at the height of the pandemic in 2020 or 2021, for example, the interest rate you would have earned would have been negligible and any returns would have been barely noticeable. If you opened one in recent years, though, you may have made exponentially more on your deposit, simply due to the rate climate being higher from inflation and interest rate hikes.

But what if you wanted to act now, in October 2024? While the first rate cut in more than four years was issued on September 18 – and additional ones look likely for November and December – there’s a compelling argument to be made for opening a long-term certificate of deposit (CD) account right now. Below, we’ll detail three reasons why it makes sense to do so.

See how much more you could be earning on your money with a top CD here now.

Why you should open a long-term CD this October

Not sure if a CD, particularly a long-term one, is the right move for your money now? Here are three reasons why you should strongly consider this type of account for October:

Interest rates are still high

Sure, interest rates are on the decline across both borrowing and savings products. But that decline is gradual and the immediate results to vehicles like CDs and high-yield savings accounts haven’t been so pronounced to make them worthless. 

Right now, for example, you can lock in a rate of 4.75% on an 18-month CD, 4.50% on a 2-year CD and 4.20% on a 3-year CD. While those rates were a bit higher earlier this year and in 2023, they haven’t fallen so dramatically that you still can’t potentially earn hundreds, if not thousands, of dollars with the right deposit. Just don’t wait for them to fall much further.

Get started with a long-term CD online today.

Rates are locked

CD rates are locked. That’s a huge benefit in a rate climate that’s on the decline. By opening a 2-year CD at that 4.50% rate, for example, you’ll be able to precisely determine your exact profit once the account has matured

And you won’t have to worry about any market changes or Fed rate cuts that would otherwise affect what you could earn if you had a variable rate. With a long-term CD, then, you’ll get long-term protection against this volatility, as select accounts can have terms of five years or even longer, allowing you to earn today’s high rates for years to come.

It’s a safe way to earn more money

The market and rate climate are both changing right now. And no one knows where they’re exactly heading or how that will affect your money. Lower inflation and lower interest rates will have a different effect on your money and retirement savings than the higher inflation and higher rates we’ve seen in recent years. 

It makes sense, then, to hedge against this volatility by putting some (but not all) of your money in a safe account that’s immune from these changes. A long-term CD account can be that safe haven. And when it matures, you’ll have a much better sense of where things are heading, economy-wise, than you likely do this October.

The bottom line 

A declining rate climate has multiple benefits but some distinct disadvantages, too, like lower returns on savings vehicles. So don’t wait for rates to decline any further. Get started with a long-term CD now. These accounts still have relatively high rates that you can lock in for multiple years, providing a safe way to earn more money while the larger rate climate shakes out. Just be sure to only deposit an amount that you feel comfortable leaving in the account for the full CD term or you could risk having to pay an early withdrawal penalty to regain access to your funds. 



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