The Federal Reserve unanimously voted to cut interest rates by 0.25 percentage point on the heels of Donald Trump’s victory in the presidential election. The Thursday decision will bring the benchmark federal-funds rate to a range between 4.5 percent and 4.75 percent, following a half-point cut in September. The central bank raised the rate to
Federal Reserve Chair Jerome Powell said he won’t step down if President-elect Donald Trump, who has previously criticized Powell’s performance, asks him to resign. Speaking at a press conference Thursday to discuss the Fed’s move today to cut its benchmark interest rate by 0.25 percentage points, Powell added that it is not permitted under the
Republican Pennsylvania Senate candidate Dave McCormick's team say they are confident he will win his race against Sen. Bob Casey as the state continues counting votes.
The Biden administration is believed to be preparing for a migrant surge at the southern border in the days leading up to the incoming Trump administration, according to a report.
Sources in Vice President-elect JD Vance’s political orbit say the role of Donald Trump’s 2024 running mate in the upcoming administration is simple — he'll do whatever Trump needs him to do
Several other Democratic governors made similar announcements this week. California Gov. Gavin Newsom on Thursday announced he is calling for state lawmakers to convene a special session later this year after President-elect Donald Trump’s victory earlier this week. Newson said the special session will focus on safeguarding the state’s progressive policies around the climate, abortion,
The military ‘will also continue to stand apart from the political arena,’ the secretary of defense said. Secretary of Defense Lloyd Austin said the Pentagon will engage in an orderly transition to the incoming administration of President-elect Donald Trump and that the military won’t be involved in any policies. “As it always has, the U.S.