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.
Florida Governor Ron DeSantis pushed back against "false media narratives" about illegal immigration, following a report highlighting the state's economic growth.
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.
Attorney General Merrick Garland is under scrutiny from Congress as Republican lawmakers ramp up investigations into his Department of Justice (DOJ) over an alleged coverup tied to the Crescent Dunes solar energy project in Nevada. The project, which received hundreds of millions in federal grants during the Obama administration, has been plagued by technical failures, financial troubles, and environmental concerns. Now, questions are being raised about the DOJ’s involvement in a qui tam lawsuit that was abruptly dismissed after initially being supported by the government.
President Joe Biden’s decision to commute the sentence of Rita Crundwell, the woman behind the largest municipal embezzlement scandal in U.S. history, has ignited outrage in the small community of Dixon, Illinois.
Florida Attorney General Ashley Moody is calling on the Federal Emergency Management Agency (FEMA) to eliminate or suspend burdensome regulations preventing Floridians from rebuilding their homes after the devastating hurricanes Helene and Milton. These restrictions, she argues, are forcing some residents to abandon their communities altogether.
President Joe Biden moved to establish the Frances Perkins National Monument in Newcastle, Maine, to "honor the historic contributions of America’s first woman Cabinet Secretary and the longest-serving Secretary of Labor," a White House fact sheet says.
