Federal Reserve Chair Jerome Powell on Wednesday reiterated that he expects interest rates to start coming down this year, but is not ready yet to say when. In prepared remarks for congressionally mandated appearances on Capitol Hill Wednesday and Thursday, Powell said policymakers remain attentive to the risks that inflation poses and don’t want to ease up […]Read More
Federal Reserve Chair Jerome Powell on Wednesday reiterated that he expects interest rates to start coming down this year, but is not ready yet to say when. In prepared remarks for congressionally mandated appearances on Capitol Hill Wednesday and Thursday, Powell said policymakers remain attentive to the risks that inflation poses and don’t want to ease up […]Read More
A mega-yacht seized by U.S. authorities from a Russian oligarch is costing the government nearly $1 million a month to maintain, according to new court filings. The U.S. Department of Justice is seeking permission to sell a 348-foot yacht called Amadea, which it seized in 2022, alleging that it was owned by sanctioned Russian billionaire […]Read More
The decision to conduct a controlled burn of five derailed tank cars that unleashed a plume of toxic chemicals last year in East Palestine, Ohio, was based on flawed and incomplete information, the chair of the National Transportation Safety Board testified Wednesday at a Senate hearing. Jennifer Homendy, facing questioning from Sen. J.D. Vance (R-Ohio), […]Read More
Sen. Ted Cruz (R-Tex.) and his allies are mobilizing to prevent a repeat of his near-miss reelection race in 2018 that shook up politics in traditionally red Texas. The Club for Growth, an influential conservative group, told The Washington Post on Wednesday it will spend at least $10 million to defend Cruz against the newly […]Read More
The Justice Department on Wednesday announced the arrest of a former Google AI engineer, alleging he stole information about the company’s advanced technologies while planning to set up his own company in China. Leon Ding, or Linwei Ding, a 38-year-old Chinese national, was detained in Newark, Calif., and charged with four counts of trade secret […]Read More
News that Elon Musk met with Donald Trump over the weekend prompted not gasps of surprise but, instead, the sort of “oh, sure, of course” response that comes from figuring out a mystery story written for children. Naturally, Trump and Musk are sitting down. They are fundamentally the same character, with Musk trailing Trump’s evolution […]Read More
Nikki Haley, a former U.N. ambassador and governor of South Carolina, will suspend her presidential campaign Wednesday morning, according to several people familiar with her plans, leaving Donald Trump with no major opponents left on his path to becoming the 2024 Republican nominee. The only woman in the Republican race and Trump’s final remaining major […]Read More
Super Tuesday brought an effective end to the 2024 presidential primary season and with it the start of a long general election campaign between President Biden and former president Donald Trump that could be the most negative in modern times — and the most consequential. Tuesday’s voting will be followed by Biden’s State of the […]Read More
ORLANDO — Rep. Maxwell Frost (D-Fla.) grew animated when talking about using music to draw young people to the ballot box to back candidates supporting abortion, LGBTQ rights and civil rights in Florida and beyond. But when discussing President Biden’s age, he was ready to move on to another topic. State Rep. Justin Jones of […]Read More
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