U.S. consumer prices unexpectedly rose in August and underlying inflation accelerated amid rising costs for rents and healthcare, giving the Federal Reserve ammunition to deliver a third 75 basis points interest rate hike next Wednesday.
A federal judge in Florida has dismissed former President Donald Trump’s lawsuit alleging Hillary Clinton, the FBI and others colluded to contrive Russia allegations against him during the 2016 campaign, offering a stinging rebuke to the lawsuit’s length and legal reasoning.
Queen Elizabeth II, Britain’s longest-reigning monarch and a symbol of stability in a turbulent era that saw the decline of the British empire and embarrassing dysfunction in her own family, died Thursday after 70 years on the throne. She was 96.
Liz Truss has been elected as the Conservative Party’s new leader, the party announced Monday, and she thus will become Britain’s new prime minister as the country faces an acute cost-of-living crisis.
Estimates vary widely on how much President Joe Biden’s $10,000-20,000 per borrower cancellation of student loans will cost taxpayers, but a new analysis estimates the significant cost of a less-covered aspect of Biden’s plan.
Amidst ongoing food supply chain issues and shortages in the U.S., House Democrats introduced a bill that would designate an extra $50,000,000 for food programs for migrants in addition to a baseline of $150,000,000.