PJM, the largest power grid operator in the U.S., faces increasing scrutiny as it struggles to balance growing energy demands with the transition to renewable resources. The organization manages the flow of power across 13 states and Washington D.C., but critics argue that outdated systems and slow project approvals are driving up costs for consumers.
The Congressional Ethics Committee has concluded investigations into multiple representatives accused of misusing campaign funds, stating that while there were violations, they were not intentional. The committee acknowledged that existing guidance on campaign spending was often ambiguous and lacked clarity, and therefore, new guidance on the personal use of campaign funds and recordkeeping requirements will be released.
A majority of likely voters support an FBI investigation of Liz Cheney, a key member of the partisan January 6 Committee, according to a Rasmussen Reports poll released on Thursday. Some House Republicans are calling for an FBI investigation into Cheney for allegedly tampering with “at least one” witness of the partisan panel.
New York will fine fossil fuel companies $74 billion over the next 25 years for environmental damage. The bill creates a "Climate Superfund" that supports state projects bolstering its environmental agenda.
AAA is predicting that Georgia will see a record-breaking number of travelers this holiday season, with an estimated 3.7 million people hitting the road or taking to the skies. This marks an increase of 108,677 travelers compared to last year, reflecting a significant rise in travel during this festive time. According to Montrae Waiters from the American Automobile Association, most of these travelers will take to their cars, particularly families with young children.
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.
Two Philadelphia correctional officers were arrested on Tuesday for their involvement in separate contraband smuggling operations at Curran-Fromhold Correctional Facility (CFCF), according to an announcement by District Attorney Larry Krasner and the Philadelphia District Attorney’s Office Gun Violence Task Force.
Incoming trade advisor Peter Navarro has reassured Americans that the tariffs planned for President-Elect Donald Trump's next term will not lead to inflationary pressures. Speaking with CNBC, Navarro pointed to the significant tariffs imposed on Chinese imports during Trump’s previous term, such as steel, aluminum, dishwashers, and solar panels. Despite fears that these tariffs would drive up prices, Navarro emphasized that they had no discernible impact on inflation. He also dismissed past warnings about inflation, recalling how critics had predicted economic chaos during Trump’s first term, only to see those fears prove unfounded.
