WASHINGTON The Federal Reserve on Wednesday cut its benchmark interest rate by 25 basis points, marking the third consecutive reduction, and projected a slower path for future cuts. The FOMC lowered the federal funds rate to a 3.50–3.75 percent range after a two‑day meeting, while three officials dissented. Policymakers cited...
WASHINGTON — President Trump announced on Monday a US$12 billion aid package to support US farmers affected by tariffs and rising costs. He unveiled plan at a White House roundtable with Agriculture Secretary Brooke Rollins, Treasury Secretary Bessent, lawmakers and growers. Officials said roughly US$11 billion will fund a new...
INDIANAPOLIS — State senators met Thursday to consider a Republican-drawn congressional map that would reshape Indiana districts and could eliminate two Democratic-held seats, concluding debate and pressure from President Donald Trump, Vice President J.D. Vance and national Republicans. The House approved the plan on Dec. 5; senators debated amendments amid...
CHARLOTTE, N.C. — U.S. District Judge Kenneth D. Bell presided as the federal antitrust trial by 23XI Racing and Front Row Motorsports against NASCAR entered its second week Tuesday. Plaintiffs’ lead attorney Jeffrey Kessler presented an expert economist’s testimony estimating $364.7 million in damages, allocating about $215.8 million to 23XI...
Washington — President Donald Trump announced Monday he will sign an executive order this week to establish a single federal regulatory framework for artificial intelligence, preempting state-level AI laws. The order, described on social media as a "One Rule" or "One Rulebook" approach, follows draft language reported in November that...
United States. National gasoline averages fell below $3 this week, with GasBuddy reporting a $2.90 national average and AAA reporting $2.95 as of Dec. 8, 2025. Multiple state-level reports show varied local movement: Wyoming, Ohio, Indiana, Montana, Wisconsin, Georgia, Alabama, Idaho and Tennessee-area counties reported declines or localized fluctuations. Analysts...
Orlando, Fla. The Powerball jackpot rose to an estimated $1 billion Saturday after no ticket matched Wednesday night's drawing, extending a rollover that began after Sept. 6's $1.787 billion split between Missouri and Texas. Lottery officials reported multiple lower-tier winners across states, including three $1 million tickets and several six-figure...
Washington Mayor Muriel Bowser announced Monday that Metropolitan Police Chief Pamela A. Smith will resign effective December 31 after serving since her 2023 appointment. Smith and Bowser praised department reforms Smith led, including a Real Time Crime Center and technology upgrades, and credited her tenure with reducing violent crime and...
Washington — Lawmakers, enrollees and analysts are preparing for the year-end expiration of enhanced Affordable Care Act premium tax credits that could sharply raise marketplace premiums. KFF polls show many enrollees could not afford modest increases, while senators proposed a GOP bill capping eligibility and requiring minimum premiums. House Republicans...
Indianapolis — State lawmakers advanced a mid‑decade congressional redistricting bill this week after the Republican‑led House passed new maps and the Senate Elections Committee approved them 6‑3 following extensive public testimony and protests. The proposal, backed by national allies and donor groups, would likely shift two Democratic seats to Republican...
