Sen. John Fetterman (D-PA) stated his intention to meet with President-elect Donald Trump’s nominees before deciding on their confirmations, underscoring his duty as a U.S. Senator to approach the process with an open mind.
U.S. Secretary of State Antony Blinken stated on Wednesday that President-elect Donald Trump has a potential opportunity to negotiate with Iran, emphasizing that the development of a nuclear weapon by Tehran is not inevitable.
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.
Congressional leaders revealed a stopgap funding bill on Tuesday to keep the government operational until March 14, setting off a race to pass the legislation by the end of the week.
With a federal shutdown looming on Friday, congressional leaders are in a race against time to pass a continuing resolution (CR) to keep the government running. Key sticking points include farm aid and disaster assistance, with bipartisan negotiations at a standstill.
President-elect Donald Trump is looking to privatize the U.S. Postal Service, according to a report from The Washington Post. Sources familiar with the development told the publication that Trump discussed the matter with Commerce Secretary pick Howard Lutnick.
