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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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