Janet Yellen: Stimulus spending contributed only modestly to inflation
CNN
Treasury Secretary Janet Yellen on Wednesday defended the Biden administration's 2021 stimulus package against criticism that it is to blame for high inflation.
In her second straight day of testimony, Yellen told lawmakers during a hearing before the House Ways and Means Committee that the American Rescue Plan, signed into law in March 2021, contributed only "modestly" to higher prices.
"I hate to think about what the situation — especially for low-income families — would be without the help provided by that plan," Yellen said.
FBI arrests four people it says were planning to detonate pipe bombs on New Year’s Eve in California
The Justice Department on Monday said it has arrested four people in the Los Angeles area for allegedly working together on a bomb plot that was set to take place around the city on New Year’s Eve.
The two US Army soldiers killed in Syria on Saturday were Sgt. Edgar Brian Torres Tovar, 25, of Des Moines, Iowa, and Sgt. William Nathaniel Howard, 29, of Marshalltown, Iowa, according to the Army. They were both members of the Iowa National Guard.
A manhunt continues into a third day in the deadly mass shooting at Brown University after a person of interest detained in connection with the attack was released. Follow for live updates
For nine hours, students at Brown University crouched under desks and behind locked door, making panicked phone calls and sending “I love you” texts that felt dangerously close to goodbyes. An active shooter was on campus — and police were still searching for a suspect.
House Republicans are set to vote this week on their version of a health care bill as the expiration of the enhanced Affordable Care Act subsidies looms ever closer.
A JetBlue flight from the small Caribbean nation of Curaçao halted its ascent to avoid colliding with a US Air Force refueling tanker on Friday, and the pilot blamed the military plane for crossing his path.
Jose Antonio Kast won Chile’s presidential election on Sunday, leveraging voter fears over rising crime and migration to take the country to its sharpest rightward shift since the end of dictatorship in 1990.
Lawmakers are scrambling to address skyrocketing health care costs in the final days before Congress leaves Washington for the holidays, with enhanced tax credits that make insurance premiums more affordable for millions of Americans set to expire at the end of the month.
The Republican plans to pick off five Democratic-held congressional seats in Texas once seemed like a sure thing. Not anymore.
At least two students were killed and nine people wounded when a shooter opened fire during exams today at Brown University in Providence, Rhode Island, according to officials. Follow for live updates.
United Airlines Flight 803 ignited some brush around the runway as it was departing Dulles Airport, according to a Metropolitan Washington Airports Authority spokesperson.
In a major win for former FBI Director James Comey in the Justice Department’s continued attempts to prosecute him, a judge is depriving federal investigators from accessing central evidence in the case for the foreseeable future.
Millions of Americans with Affordable Care Act policies are contending with the looming lapse of the enhanced subsidies. The increased cost of coverage can lead to agonizing tradeoffs for many enrollees.