The Federal Reserve Bank buildingKevin Lamarque | ReutersWhat the federal funds rate means to youThe federal funds rate, which is set by the U.S. central bank, is the interest rate at which banks borrow and lend to one another overnight. Although that’s not the rate consumers pay, the Fed’s moves still affect the borrowing and… […]
Hunter Biden, U.S. President Joe Biden’s son, attends the annual Easter Egg Roll on the South Lawn of the White House on April 10, 2023 in Washington, DC.Drew Angerer | Getty ImagesFederal prosecutors are getting close to deciding whether to criminally charge Hunter Biden, the son of President Joe Biden, after a yearslong investigation, a… […]
The Federal Reserve on Wednesday approved its 10th interest rate increase in just a little over a year and dropped a tentative hint that the current tightening cycle is at an end.In a unanimous decision widely expected by markets, the central bank’s Federal Open Market Committee raised its benchmark borrowing rate by 0.25 percentage point.… […]
Some Republicans — particularly House conservatives — see that as a win for Democrats and Biden, who have been pushing to lift to the debt ceiling with no strings attached as the GOP calls for significant cuts to federal spending in exchange. So they’re not looking to open that particular escape hatch, at least not… […]
Dan Rosensweig, CEO, CheggScott Mlyn | CNBCChegg’s stock returned to the plus side on Wednesday after the online education company lost half its value a day earlier due to concerns about the potential impact of ChatGPT on its business.As of early afternoon New York time, Chegg shares were up 17% to $10.63. But that’s still… […]
So the Black Caucus, joined by a coalition of progressive groups, is turning up the heat on Senate Democrats in what’s becoming the most consequential battle over chamber rules since Democrats tried last year to weaken the filibuster. “I don’t know why anyone, let alone Senate Democrats, would hold up a Jim Crow practice,” Black… […]
The new calculation drastically raised the stakes of the ongoing standoff over the nation’s debt limit, turning what officials expected would be a monthslong political fight into a brutal four-week brawl with the fate of the U.S. economy on the line. Biden has now invited the top four congressional leaders to a meeting on May… […]
Min was pulled over near the state Capitol by the California Highway Patrol when he drove through a red light with his headlights off, according to the arrest report. Officers conducted a DUI test and arrested him on suspicion of driving with a blood alcohol level above the legal limit. He was booked into the… […]
Senate Majority Leader Chuck Schumer holds sheets of paper with talking points on debt ceiling legislation during a press conference on Capitol Hill on May 2, 2023. | Francis Chung/POLITICO Chuck Schumer spoke to Sen. Dianne Feinstein on Monday and the ailing California Democrat is “hopeful” she’ll return to Washington next week, according to notes… […]
Looking to save on a new grill? Scroll to the bottom of the page for some of the best Memorial Day deals on grills, or check out our full roundup of all the Memorial Day grill sales to shop this weekend. When BBQ season approaches, it only makes sense to start looking at the best… […]
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