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.
Congress is preparing to vote on legislation that would restrict U.S. investments in China as part of a broader government funding bill, lawmakers announced Tuesday.
The Pinellas County Commission has approved a $312.5 million bond issue to finance its part of a new $1.3 billion stadium for the Tampa Bay Rays. The 5-2 vote, which was delayed twice, allows the county to move forward with selling the bonds, contingent on the Rays meeting their obligations under the deal. The approval follows the St. Petersburg City Council’s earlier vote to approve its $287.5 million share of the project on December 6.
More than 120 retired U.S. generals and admirals signed a letter in "strong support" for Pete Hegseth, President-elect Donald Trump’s nominee for Secretary of Defense.
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).
