Federal Reserve Chairman Jerome Powell on Friday signaled that long-awaited interest rate cuts could be on the horizon, telling central bankers that current conditions “may warrant” an adjustment to the Fed’s restrictive policy stance.
Moldova’s president says Russia is plotting to overthrow the country’s pro-European Union government after a Russian missile violated the country’s airspace.
U.S. President Joe Biden faces condemnation from leading Republicans “protecting the unborn” after he urged Congress to end “extreme abortion bans.”
Dozens on the U.S. terror watch list were detained, including 17 in December, at the U.S. southern border with Mexico, officials said Wednesday.
The Federal Reserve on Wednesday raised interest rates by 25 basis points, issuing an 0.25% hike in line with earlier expectations in a move that signals a rate slowdown in the Fed’s fight against inflation.
The Department of Justice (DOJ) on Monday rebuffed a broad request from the House Judiciary Committee to provide further details about the special counsel investigation into the mishandling of documents during President Biden’s time as vice president, saying that doing so would risk releasing information central to the case.
A federal judge has temporarily blocked a California law intended to prevent doctors from spreading COVID-19 misinformation or disinformation to patients, finding that it is “unconstitutionally vague.”
CIA Director William Burns visited Kyiv last week to meet with Ukrainian President Volodymyr Zelensky, a US official said Thursday, in the latest example of high-level contacts between the US and Ukraine.
A federal judge has temporarily banned San Francisco from clearing homeless encampments, saying the city violated its own policies by failing to offer other shelter.
The more than 4,000-page, $1.7 trillion omnibus spending bill prohibits funds for U.S. border security but it provides funding for border security in foreign nations.
The Federal Reserve on Wednesday raised its benchmark interest rate by half a percentage point and signaled more tightening next year as it continues to battle high inflation, a fight that’s expected to slow the economy and raise unemployment.
After a year of immense spending during the COVID-19 pandemic and ensuing economic downturn, the federal deficit is projected to hit $3 trillion for the second year in a row, according to the Congressional Budget Office.
American households lost about $6.8 trillion in wealth over the first three quarters of 2022 as the stock market shed more than 25% of its value, the Federal Reserve reported Friday in the government’s quarterly financial accounts.
Bipartisan legislation to codify same-sex marriage under federal law passed the Senate on Tuesday with the help of a dozen Republicans, capping off months of negotiations between both parties over how to address religious liberty concerns.
President Joe Biden announced on Tuesday the extension of the pause on federal student loan payments as the courts determine the legality of his student loan cancellation plan.
The Senate is fast-tracking a bill that could deny religious freedom for individuals and faith-based organizations.
The Senate on Wednesday voted to advance a bipartisan bill to protect same-sex and interracial marriages and enshrine a number of religious liberty protections in federal statute.
A federal judge on Wednesday gave the Biden administration until Dec. 21 to wind down its use of Title 42 to expel migrants.
The Federal Reserve Bank of New York and major banks will launch a three-month test of a digital dollar in hopes of studying its feasibility.
The US Federal Reserve is expected Wednesday to announce its fourth consecutive 0.75% interest rate hike since June, Reuters reports. Numerous economists polled by Reuters have said the Fed should not pause until inflation falls to around half its current level.