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Bloomberg Creative/Getty Images (WASHINGTON) — The Federal Reserve left interest rates unchanged on Wednesday, despite stubborn inflation that has resisted the central bank’s fight to cool price increases. The move allows previous rate increases to take greater hold of the economy and grants the central bank time to assess whether another hike will be necessary. Inflation […]
Bloomberg Creative/Getty Images (WASHINGTON) — Once bemoaned as a source of recession worries, the U.S. economy has become a wellspring of good news: blistering growth, robust hiring and consumers opening their wallets for everything from concert tickets to bar tabs. The strong performance complicates the fight to dial back inflation, posing a quandary for the […]
Bill Clark/CQ-Roll Call, Inc via Getty Images (NEW YORK) — Federal prosecutors on Long Island, New York filed new criminal charges against Rep. George Santos on Tuesday, accusing him of stealing people’s identities, making charges on his donors’ credit cards without their authorization and lying to federal election officials. Specifically, in Tuesday’s 23-count superseding indictment, […]
Michael Siluk/UCG/Universal Images Group via Getty Images (WASHINGTON) — The federal government program used for the last two winters to send free COVID tests to Americans’ homes started up again Monday. The government’s move comes after the Centers for Disease Control and Prevention recently completed its process to roll out the latest COVID shot, targeted […]
Michael Siluk/UCG/Universal Images Group via Getty Images (WASHINGTON) — The federal government program used for the last two winters to send free COVID tests to Americans’ homes will get up-and-running once again in the coming days, Health and Human Services Secretary Xavier Becerra said Wednesday. Becerra made the announcement at a CVS drugstore in Washington, D.C., […]
Brandon Bell/Getty Images (AUSTIN, Texas) — A federal judge in Austin on Wednesday ordered the State of Texas to move the barriers it placed in the Rio Grande to the riverbank on the Texas side of the river. The state was also ordered not to put up any additional structures on or in the river until […]
Witthaya Prasongsin/Getty Images (NEW YORK) — Federal prosecutors reneged on a deal that would have resolved tax and gun charges against President Biden’s son, attorneys for Hunter Biden said in a new court filing. “The defendant’s understanding of the scope of immunity agreed to by the United States was and is based on the express […]
Bloomberg Creative/Getty Images (WASHINGTON) — The Federal Reserve on Wednesday will decide whether to revive an aggressive series of interest rate hikes and may indicate a willingness to soon end its full-throttle inflation fight. Last month, the central bank left its benchmark interest rate unchanged, ending a string of 10 consecutive rate increases that stretched […]
KeithBinns/Getty Images (CARSON CITY, Nev.) — Federal prosecutors have been in contact with the office of Nevada Secretary of State Francisco Aguilar as part of the special counsel’s ongoing probe into efforts to overturn the 2020 election, a spokesperson for Aguilar’s said in a statement to ABC News. “The Secretary of State’s Office has been in […]
Bloomberg Creative/Getty Images (WASHINGTON) — The Federal Reserve remains “very far” from its target inflation rate and nearly all members of its decision-making committee support at least one additional interest rate hike, Fed Chair Jerome Powell told House lawmakers on Wednesday. Inflation has fallen significantly from a peak last summer but remains at a level […]
