The Federal Reserve cut interest rates Wednesday for the first time this year as the central bank attempts to ease pressure on the weakening U.S. job market. The Federal Open Market Committee (FOMC) — the panel of Fed officials responsible for setting borrowing costs — cut its baseline interest rate to a range between 4 percent and 4.25 percent, a reduction of 0.25 percentage points.
Analysts and traders widely expected the Fed to cut interest rates Wednesday after several months of alarming employment data and unprecedented pressure ... Read more here. |
The odds of a government shutdown are rising after Democratic leaders on Tuesday swiftly rejected a 91-page stopgap funding proposal unveiled by Speaker Mike Johnson (R-La.) and fellow House Republicans because it was put together with little Democratic input and doesn’t extend generous health care subsidies under the Affordable Care Act (ACA). Read more. |
The Justice Department quietly removed from its website a study showing far-right extremists were responsible for the bulk of ideologically motivated deaths — a move that comes as the GOP seeks to back claims from President Trump that the “radical left” poses a greater danger than the right wing. Read more. |
When Utah Gov. Spencer Cox called for civility last week following the assassination of conservative activist Charlie Kirk, the GOP governor pleaded for self-reflection over violence.
Read more. |
Sen. Rand Paul (R-Ky.) got into a heated exchange about vaccines with former Centers for Disease Control and Prevention (CDC) Director Susan Monarez. Read more. |
A veteran pleaded not guilty Wednesday after setting fire to an American flag in a federal park outside the White House last month to protest President Trump’s executive order cracking down on flag burning.
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Department of Homeland Security Secretary Kristi Noem shared Wednesday that conservative activist Charlie Kirk had texted her just hours before his assassination last week.
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Rudy Giuliani must pay his ex-defense lawyer’s firm $1.36 million plus interest in unpaid legal bills, a New York state judge ruled Wednesday.
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Jerry Greenfield, a co-founder of the ice cream company Ben & Jerry’s, is quitting, according to a post on social media.
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