The Federal Reserve made its third consecutive interest rate cut on Wednesday, reducing its benchmark rate by a quarter of a percentage point. The move, widely anticipated by investors and financial markets, brings the federal funds rate to a target range of 4.25 percent to 4.50 percent. Since beginning its rate cuts in September, the Fed has now lowered rates by a total of 100 basis points, or one percentage point.
President-elect Donald Trump’s transition team is considering a major expansion of GPS monitoring for illegal immigrants not held in federal detention, according to sources...
Sen. Tom Cotton is demanding accountability from the Department of Defense (DOD) as the Biden administration continues to sell off southern border wall materials at low prices before President-elect Donald Trump takes office. In a letter to Defense Secretary Lloyd Austin on Monday, Cotton insisted that all records related to these sales be preserved.
Canadian Deputy Prime Minister Chrystia Freeland has stepped down, citing a clash with Prime Minister Justin Trudeau over how to handle President-elect Donald Trump’s proposed 25% tariffs on Canadian imports.
President-elect Donald Trump announced Monday during a press conference at Mar-a-Lago that he would consider pardoning New York City Mayor Eric Adams, who was indicted on federal corruption charges in September. The charges allege Adams exchanged favors for Turkey in return for campaign contributions, which were then used to obtain matching city campaign funds. The indictment also claims Adams received benefits, such as hotel upgrades, in connection to the arrangement.
A Venezuelan migrant, Pedro Luis Parra Pulgar, 46, is facing serious charges in Texas after allegedly setting his Fulshear home on fire with his three children inside. Pulgar has been charged with three counts of attempted murder and one count of arson in connection to the incident, which occurred on November 6, 2024.
Several European nations are exploring financial incentives to encourage Syrian refugees to voluntarily return to their home country, as the prolonged cost of hosting them on welfare programs weighs heavily on national budgets.
