US Federal Reserve Raising Rates To Highest In 16 Years
The U.S. central bank has raised interest rates to the highest level in 16 years as it battles to stabilize prices amid mounting inflation.
The U.S. central bank has raised interest rates to the highest level in 16 years as it battles to stabilize prices amid mounting inflation.
U.S. President Joe Biden faced accusations of involvement in a “criminal scheme” Wednesday while prosecutors were reportedly nearing a decision on whether to charge his son Hunter with tax- and gun-related violations.
The rate of drug overdose deaths involving the synthetic opioid fentanyl more than tripled in the United States from 2016 through 2021, according to a report by the U.S. Centers for Disease Control and Prevention (CDC) released on Wednesday.
A Christian former teacher in California filed a new federal lawsuit against a public school district Wednesday, claiming she was wrongfully fired after refusing to lie to parents about their children’s gender identities.
The Biden administration has approved sending 1,500 active duty U.S. troops to the southern border in the coming days amid concerns that tens of thousands of migrants will surge into the country once Title 42 is lifted, sources tell Fox News.
A letter falsely insinuating a laptop was Russian disinformation. An IRS whistleblower. Suspicious activity bank reports. Suggestions of false testimony to Congress.
Worried customers were urged Tuesday to remain confident in the U.S banking system after First Republic became the second-largest bank to fail in American history.
With support from a range of groups including the pro-choice Women’s Liberation Front, Kansas has become the first state to pass a law that specifically defines gender as a person’s biological sex at birth, NTD reports. The law will prevent men, regardless of which gender they identify as, from entering women-only spaces and restricts participation in sports according to a person’s sex at birth.
A federal judge ruled Monday that a Pennsylvania school district must allow an After School Satan Club to meet on district property on the grounds that, in accordance with First Amendment protections, “the government’s first instinct must be to forward expression rather than quash it,” the Hill reports.
At least six people died, and dozens were injured as a dust storm caused visibility to plummet along a Midwestern U.S. highway, more than a month after a similar phenomenon caused havoc in Europe.
Treasury Secretary Janet Yellen notified Congress on Monday that the U.S. could default on its debt as early as June 1, if legislators do not raise or suspend the nation’s borrowing authority before then and avert what could potentially become a global financial crisis.
Regulators seized troubled First Republic Bank early Monday and sold all of its deposits and most of its assets to JPMorgan Chase Bank in a bid to head off further banking turmoil in the U.S.
U.S. businesses might be able to secure bank deposit insurance for accounts holding more than $250,000 if Congress agrees with the Federal Deposit Insurance Corp.’s new proposal to ease the industry turmoil that has sparked three bank failures in the past two months.
The U.S. military is tracking a mysterious balloon that flew over American soil, but it’s not clear what it is or whom it belongs to, according to three U.S. officials.
Congress is readying a bevy of bills that would effectively kill any hope the Biden administration has of inking a revamped nuclear deal with Iran, according to sources briefed on the matter.
Legislative preparations are underway to establish a U.S. government-backed task force to create a digital identity for all Americans.
House Republicans narrowly passed legislation raising the debt limit on Wednesday. The move is gambit to force President Biden to begin negotiations in earnest on cutting spending in exchange for lifting the cap on how much the government can borrow to meet expenses.
Daniel Ellsberg, the man behind the largest and perhaps most consequential disclosure in U.S. history, said the latest intelligence leaks show that the war between Russia and Ukraine is at a “stalemate,” drawing similarities to the Vietnam War.
Republican legislators in Kansas have enacted a bill to prevent transgender people from using the restrooms associated with their gender identities, overriding a veto of the measure by the state’s Democrat governor.
The floor vote on House Speaker Kevin McCarthy’s debt limit legislation could come as early as Wednesday, but as of midday, it was still unclear whether the leader of the GOP-controlled House had the votes.