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.
Few picks have been met with more enthusiasm from conservative supporters than President-Elect Donald Trump’s nomination of Harmeet Dhillon to run the Department of Justice’s (DOJ) Civil Rights Division. With an impressive track record that includes standing up for civil liberties, challenging woke policies, and advocating for the protection of free speech, Dhillon has emerged as the perfect choice to overhaul the DOJ division that many conservatives believe has been used to target them.
The chief of Russia's Nuclear, Biological, and Chemical Protection Troops was killed outside an apartment building when a bomb hidden underneath an electric scooter exploded.
David Hogg, a gun control activist who rose to prominence following the 2018 Parkland school shooting, has declared his candidacy for vice chair of the Democratic National Committee (DNC).
China’s People’s Liberation Army (PLA) electronic warfare unit has outlined key targets, including radars and communication equipment, that it would attack in the event of a potential conflict.
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.
"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.
