The Fed begins stepping on the brakes
CNN
The Federal Reserve is finally hitting the brakes on its monthly asset purchases that supported the economy throughout the pandemic.
The central bank announced Wednesday that it will reduce the pace of monthly bond buying by $10 billion for Treasury Securities and $5 billion for agency mortgage-back securities.
That means the Fed will still buy at least $70 billion Treasury securities and at least $35 billion mortgage-backed securities every month this month. Starting December, these amounts will fall to at least $60 billion and at least $30 billion, respectively. This is what's known as tapering and was expected by investors and analysts.
Patricia Quishpe had a work permit when she was arrested by immigration agents and held away from her family. But a judge ruled her detention unlawful, ordering her to be released, like hundreds of others.
In homes across America, the gifts have been opened, wrapping paper and bows strewn about living rooms.
Congressional Republicans have yet to break the record for most retirements in a single year, but some say it’s only a matter of time before widespread frustration with the current state of Washington leads to a tipping point as many in the party head for the exits.
A traffic stop outside of Baltimore Wednesday ended with an undocumented man shot and another injured after US Immigration and Customs Enforcement agents allege the driver of a van drove directly at officers, prompting them to open fire.
The host of the Kennedy Center’s annual Christmas Eve jazz performance canceled Wednesday’s concert, citing the board of trustees’ move to rename the facility for both the 35th president and President Donald Trump.
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The Justice Department on Wednesday said it has uncovered over a million more documents potentially related to the Jeffrey Epstein case and may need “a few more weeks” to process and release them to the public.
Eighteen Democratic-led states and the District of Columbia filed a lawsuit Tuesday challenging a new Trump administration policy seeking to bar transgender care for minors at federally-funded hospitals.
Wassail — from a greeting meaning “be in good health” — evokes some kind of ancient holiday tradition. But its particulars, like the spiced beverage, can be cloudy.
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When the Justice Department released a first batch of Jeffrey Epstein files on Friday that included photographs of former President Bill Clinton, White House officials raced to amplify the importance of the new documents.
One year ago this week, Joe Biden was president. I was in Doha, Qatar, negotiating with Israel and Hamas to finalize a ceasefire and hostage release deal. The incoming Trump team worked closely with us, a rare display of nonpartisanship to free hostages and end a war. It feels like a decade ago. A lot can happen in a year, as 2025 has shown.