The Federal Reserve cut interest rates Wednesday in an unusually narrow vote, underscoring the divides among bank officials over the effect rate cuts will have on inflation and employment.
The Federal Open Market Committee (FOMC), the panel of Fed officials responsible for setting monetary policy, dropped its baseline interest rate down to a range of 3.5 to 3.75, a reduction of 0.25 percentage points.
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President Trump said Wednesday that the U.S. has seized an oil tanker off the coast of Venezuela, the latest escalation in what has become an increasingly tense relationship between the two countries.
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President Trump indicated he’d like to see CNN be sold off as its parent company, Warner Bros. Discovery, prepares to undergo a megamerger with either Netflix or fellow conglomerate Paramount.
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Rep. Jasmine Crockett’s (D) last-minute decision to enter the Texas Senate race has turned the Democratic primary upside down and scrambled the political calculus for other members of her party in the Lone Star State. Read more. |
Sen. Roger Marshall (R-Kan.) said Tuesday that he expects Affordable Care Act (ACA) subsidies to expire and that “some people’s premiums are going to go up some.” Read more. |
Rep. Raja Krishnamoorthi (D-Ill.), the ranking member on the House Select Committee on the Chinese Communist Party, sent a letter to Defense Secretary Pete Hegseth on Wednesday, asking him to clarify his use of the phrase “G2” to describe the U.S. and China.
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Emboldened Democrats are expanding their target lists for the House and state legislatures after a series of notable wins and overperformances on Tuesday.
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The latest version of the National Defense Authorization Act (NDAA) gives the Pentagon more time to use firefighting foam that contains “forever chemicals.”
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President Trump on Wednesday said he was happy with his Cabinet and specifically downplayed reports that he was frustrated with Defense Secretary Pete Hegseth and Homeland Security Secretary Kristi Noem.
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