Happy Tuesday! Unfortunately, we’re not going to spend much time on Met Gala fashion in today’s newsletter. For that, you’ll have to wait for Scott Lincicome’s Wednesday Capitolism.

Quick Hits: Today’s Top Stories

  • Apple is urging all its customers to update the software on their  devices after cybersecurity researchers at Citizen Lab discovered a loophole in Apple’s operating system—present since at least March—that allowed advanced spyware called Pegasus from Israel’s NSO Group to silently infiltrate machines and turn on a user’s camera and microphone or record their screen.

  • The Treasury Department said Monday that U.S. outlays through the first 11 months of the fiscal year grew 4 percent year-over-year to a record $6.3 trillion in 2021. The U.S. budget deficit, however, ultimately narrowed from $3 trillion last year to $2.7 trillion this year as federal revenue increased 18 percent year-over-year due to increased tax collection.

  • The…

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