U.S. News

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.

The House passed a short-term spending bill on Wednesday that would fund the government for another week while lawmakers make an eleventh hour push to pass a full year-long omnibus package prior to the Dec. 23 deadline.

Three people, including a mother and son, were killed, and multiple people were hospitalized after a series of tornadoes swept through Texas, Louisiana and Mississippi Tuesday and Wednesday.

The U.S. government agreed to pay Pfizer Inc nearly $2 billion for an additional 3.7 million courses of its COVID-19 antiviral treatment Paxlovid, the company said on Tuesday.

Florida Governor Ron DeSantis is asking a grand jury to investigate whether Floridians were misled by COVID-19 vaccine manufacturers after claims by his state’s surgeon general that the vaccines could potentially harm those who received it.

President Joe Biden signed the “Respect for Marriage Act” into law Tuesday on the South Lawn of the White House, requiring the federal government to recognize same-sex and interracial marriages carried out at the state level.

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.

The U.S. Securities and Exchange Commission and the Justice Department on Tuesday charged the founder and former CEO of the defunct cryptocurrency firm FTX, Sam Bankman-Fried, with multiple counts, including defrauding investors.

Members of Congress on Tuesday introduced bipartisan legislation to ban TikTok from operating in the United States, citing concerns that the short-video social media platform is being used to spy on Americans.

The Air Force said Monday that it conducted the first successful test of its air-launched hypersonic missile off the coast of southern California last week.

The National Defense Authorization Act (NDAA) for fiscal year 2023 includes $800 million in assistance to Ukraine under the Ukraine Security Assistance Initiative (USAI). The bill is 4,312 pages.

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.

Senate Majority Leader Charles Schumer, D-N.Y., said that the Senate would likely vote on a short-term funding bill to prevent a government shutdown, according to The Hill.

A large winter storm slammed into the western US over the weekend, blanketing mountain areas with heavy snow, and is now set to traverse the nation, threatening dangerous blizzard conditions, strong tornadoes, and flooding this week.

A federal court on Friday blocked a Biden administration mandate that would force religious hospitals and doctors to facilitate gender transitions against their sincerely held moral convictions.

Florida Gov. Ron DeSantis over the weekend told an assembly that the state plans to hold vaccine manufacturers “accountable” for alleged severe side effects in the COVID-19 vaccine.

The U.S. Food and Drug Administration Thursday amended emergency use authorization for Pfizer and Moderna bivalent COVID-19 vaccines to include kids 6 months and older.

Arizona Sen. Kyrsten Sinema’s decision to switch her party affiliation from Democrat to independent is creating a post-midterm shake-up in the Senate, threatening to complicate what seemed like Democrats’ chances of having an outright majority after Sen. Raphael Warnock’s runoff win in Georgia gave Democrats their 51st seat in the next session of Congress.

House Democrats have blocked an audit of billions of dollars of U.S. military and economic aid to Ukraine, signaling a bitter partisan fight ahead as the incoming Republican majority vows to scrutinize what it calls President Biden’s “blank check” for Kyiv’s war with Russia.

Twitter maintained a suite of tools to silence conservative viewpoints on the platform, placing talk show hosts, activists and even respected doctors on blacklists to limit the visibility of their accounts, newly released company documents show.