
By Julia Goldberg | Editor-in-Chief
Good morning, everyone. Believe it or not, it’s already Thursday — this week sure flew by. Maybe that’s because the news has been non-stop. Our top stories in today’s newsletter include a look at the ongoing budgetary benefit the war in Iran is having for the New Mexico’s state budget; rising concerns about federal immigrant arrests in Albuquerque; and a visit from Republican U.S. House Speaker Mike Johnson yesterday to bolster support for fellow Republican Greg Cunningham in his congressional challenge to Democratic U.S. Rep. Gabe Vasquez. You’ll find those stories and more below, with more to read and more on the way at sourcenm.com.
P.S. Speaking of news, tune in this morning at 9 a.m. to Let’s Talk New Mexico on KUNM, when Source’s Patrick Lohmann will join a panel of journalists to discuss the summer’s news stories.

New Mexico Legislative Finance Committee analysts on Wednesday told state lawmakers that rising oil costs from the ongoing Iran war are contributing to the hundreds of millions of dollars of “new money” for the state’s budget. (Photo by Danielle Prokop/Source NM)
New Mexico could see $924M in ‘new money’ largely due to Iran war driving up oil prices
New Mexico’s coffers could see $924 million in “new money” in the next fiscal year largely from rising oil costs as a result of the war in Iran, economists told state lawmakers Wednesday. While the conflict overseas has been difficult to predict at times, Source’s Joshua Bowling writes, even a small change in the price of oil has significant impacts for New Mexico.

Albuquerque City Councilor Stephanie Telles joined immigrant advocacy group El Centro de Igualdad y Derechos at a news conference Wednesday to warn of a reported increase in federal immigration arrests in the city in recent days. (Photo by Patrick Lohmann/Source NM)
New Mexico immigrant advocates warn of ‘uptick’ in ICE arrests in Albuquerque
Members of New Mexico immigration advocacy groups and local elected officials warned Wednesday that they’ve seen a sharp increase in federal immigration arrests in Albuquerque in recent days, Source’s Patrick Lohmann reports.

New Mexico’s governor on Wednesday announced a lawsuit against the federal government and others for unauthorized water wells drilled as part of a border wall construction effort. (Photo by Patrick Lohmann/Source NM)
New Mexico Gov. Michelle Lujan Grisham on Wednesday announced a lawsuit against the U.S. government and its contractors over unauthorized water wells that federal agencies used to construct a wall along the state’s border with Mexico.

U.S. House Speaker Mike Johnson (R-La.) addresses the media Wednesday inside Albuquerque’s Rio Bravo Brewing Company during a campaign stop for Republican congressional candidate Greg Cunningham, who is challenging incumbent U.S. Rep. Gabe Vasquez (D-N.M.). (Photo by Joshua Bowling/Source NM)
US House Speaker Johnson stumps for GOP congressional hopeful Cunningham in Albuquerque
U.S. House Speaker Mike Johnson (R-La.) visited Albuquerque Wednesday to show his support for fellow Republican Greg Cunningham, mounting a challenge to Democratic U.S. Rep. Gabe Vasquez, who represents New Mexico’s 2nd Congressional District. The seat, Source’s Joshua Bowling reports, is considered among the most contested in the state and a key race nationally, as well.
ICYMI
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We're reading (and gifting) a story about farmers’ challenges receiving help from the depleted U.S. Department of Agriculture — including in New Mexico.
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