KVSP holds
by Marc Guitard/Getty Images (WASHINGTON) — The White House is expected to keep in place its restrictions on Ukraine’s use of American long-range weapons deep inside Russia, despite pressure from a delegation of Ukrainian officials that arrived in Washington on Thursday, a U.S. official said. Ukrainian Defense Minister, Rustem Umerov, and Andriy Yermak, the head […]
Bloomberg Creative/Getty Images (WASHINGTON) — The Federal Reserve maintained its benchmark interest rate on Wednesday, keeping borrowing costs at their highest level in more than two decades despite a prolonged cooldown of inflation. An interest rate cut is widely expected in the coming months. The Fed issued its latest interest rate decision after a months-long […]
Justin Sullivan/Getty Images (WASHINGTON) — The Federal Reserve decided to hold its benchmark interest rate steady on Wednesday, prolonging an aggressive fight against inflation despite fresh data hours earlier that showed a slight cooldown of price increases. At seven consecutive meetings spanning nearly a year, the Fed has opted to hold rates steady in response […]
Chip Somodevilla/Getty Images (WASHINGTON) — The Federal Reserve decided to hold its benchmark interest rate steady on Wednesday, postponing highly anticipated rate cuts as elevated inflation continues to burden U.S. households. The announcement arrives days after new government data showed that the economy is cooling off. The slowdown has coincided with a months-long stretch of […]
Official White House Photo by Adam Schultz (WASHINGTON) — The Biden administration has determined that three military battalions with the Israel Defense Forces committed “gross human rights violations” against Palestinian civilians in the West Bank but will remain eligible for U.S. military aid regardless because of steps Israel says it’s taking to address the problem, […]
Bloomberg Creative/Getty Images (WASHINGTON) — The Federal Reserve held interest rates steady on Wednesday, opting to keep rates highly elevated as progress toward lower inflation has stalled. The move pushes back rate cuts that the central bank expects to make some time this year. The Fed Funds rate remains between 5.25% and 5.5%, matching its […]
Florian Roden / EyeEm/Getty Images (EAST PALESTINE, Ohio) — The National Transportation Safety Board will start taking sworn testimony Thursday as part of its probe into the toxic train derailment in East Palestine, Ohio. The agency is holding an investigative hearing on Thursday and Friday in East Palestine, where a Norfolk Southern Railway train carrying […]
Mint Images/Getty Images (WASHINGTON) — A divide in Congress over the debt ceiling threatens to plunge the U.S. economy into disarray, drawing attention to a looming question: How has the nation’s debt ballooned to $31.4 trillion and what can be done to shrink it? In fact, economists expect the U.S. debt to grow significantly. In […]
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