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.
"When he takes office, President Trump will support the auto industry, allowing space for both gas-powered cars and electric vehicles," Leavitt said in a statement.
A 2023 whistleblower has alleged that FBI Deputy Director Paul Abbate instructed subordinates to conceal the identities of at least 25 confidential informants who were present at the January 6, 2021, protests. According to investigative journalist Kerry Picket, Abbate reportedly stated that revealing the informants’ involvement would be too embarrassing for the agency, prompting the decision to keep their existence hidden from the public.
Russia unleashed a large-scale aerial bombardment on Ukraine early Friday, targeting critical energy and transportation infrastructure in what Moscow described as retaliation for Ukraine's use of U.S.-supplied ATACMS missiles on a Russian air base earlier this week. Ukrainian President Volodymyr Zelenskyy called the assault one of the heaviest since the war began nearly three years ago.
