The Fed's high-wire act just got even more perilous
CNN
Investors were spooked by the discovery of the new Omicron variant of the coronavirus. Now, they're contending with another wrinkle in the outlook: The Federal Reserve could be prepared to roll back stimulus measures faster than planned because of persistent inflation.
What's happening: Stocks fell sharply on Tuesday after Fed Chair Jerome Powell told Congress that plans to taper asset purchases by $15 billion each month may no longer be appropriate, and the central bank may need to move quicker. The S&P 500 and Dow both closed down 1.9%, while the Nasdaq Composite finished the day 1.6% lower.
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.
A federal judge has blocked the Trump administration’s attempt to reallocate federal Homeland Security funding away from states that refuse to cooperate with certain federal immigration enforcement.
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.
Two people are dead and others are missing after a fire and explosion tore into a nursing home on the outskirts of Philadelphia, Pennsylvania, spurring local responders, bystanders and staff to rush the elderly population to safety, Gov. Josh Shapiro said.
Botched Epstein redactions trace back to Virgin Islands’ 2020 civil racketeering case against estate
A botched redaction in the Epstein files revealed that government attorneys once accused his lawyers of paying over $400,000 to “young female models and actresses” to cover up his criminal activities
Some Medicare enrollees may soon be able to access super-popular drugs for obesity under a voluntary model program, the Centers for Medicare and Medicaid Services announced Tuesday. Eligible beneficiaries will only have to pay $50 a month.
The Justice Department’s leadership asked career prosecutors in Florida Tuesday to volunteer over the “next several days” to help to redact the Epstein files, in the latest internal Trump administrationpush toward releasing the hundreds of thousands of photos, internal memos and other evidence around the late convicted sex offender Jeffrey Epstein.
The US State Department on Tuesday imposed visa sanctions on a former top European Union official and employees of organizations that combat disinformation for alleged censorship – sharply ratcheting up the Trump administration’s fight against European regulations that have impacted digital platforms, far-right politicians and Trump allies, including Elon Musk.
A Delaware state trooper was killed along with the suspected gunman Tuesday during a shooting at a motor vehicle agency near Wilmington, authorities said.
Wyoming’s lone U.S. representative is running for the U.S. Senate seat being vacated by Cynthia Lummis, who isn’t seeking re-election.