Moldova: ‘Russia Seeks Overthrow Government’
Moldova’s president says Russia is plotting to overthrow the country’s pro-European Union government after a Russian missile violated the country’s airspace.
Fed
Biden Under Fire Over Abortion Remarks
U.S. President Joe Biden faces condemnation from leading Republicans “protecting the unborn” after he urged Congress to end “extreme abortion bans.”
Iranian Nabbed At U.S. Border on Terror Watch List Arrested
Dozens on the U.S. terror watch list were detained, including 17 in December, at the U.S. southern border with Mexico, officials said Wednesday.
Federal Reserve raises interest rates by 25 basis points
The Federal Reserve on Wednesday raised interest rates by 25 basis points, issuing an 0.25% hike in line with earlier expectations in a move that signals a rate slowdown in the Fed’s fight against inflation.
DOJ declines to release communication on Biden docs to House Judiciary
The Department of Justice (DOJ) on Monday rebuffed a broad request from the House Judiciary Committee to provide further details about the special counsel investigation into the mishandling of documents during President Biden’s time as vice president, saying that doing so would risk releasing information central to the case.
Federal judge blocks California misinformation law
A federal judge has temporarily blocked a California law intended to prevent doctors from spreading COVID-19 misinformation or disinformation to patients, finding that it is “unconstitutionally vague.”
CIA chief Burns meets Ukraine’s Zelensky in Kyiv as Washington ups support
CIA Director William Burns visited Kyiv last week to meet with Ukrainian President Volodymyr Zelensky, a US official said Thursday, in the latest example of high-level contacts between the US and Ukraine.
Federal Judge Says San Francisco Can’t Clear Homeless Camps
A federal judge has temporarily banned San Francisco from clearing homeless encampments, saying the city violated its own policies by failing to offer other shelter.
$1.7T omnibus bill funds border security in foreign nations, but prohibits it in US
The more than 4,000-page, $1.7 trillion omnibus spending bill prohibits funds for U.S. border security but it provides funding for border security in foreign nations.
Fed hikes interest rate by half a percentage point, with benchmark rate projected to top out at 5.25%
The Federal Reserve on Wednesday raised its benchmark interest rate by half a percentage point and signaled more tightening next year as it continues to battle high inflation, a fight that’s expected to slow the economy and raise unemployment.
Federal deficit to pass $3 trillion for second year, economic growth higher than expected
After a year of immense spending during the COVID-19 pandemic and ensuing economic downturn, the federal deficit is projected to hit $3 trillion for the second year in a row, according to the Congressional Budget Office.
Household wealth dropped by $13.5 trillion from January to September, second-worst destruction on record
American households lost about $6.8 trillion in wealth over the first three quarters of 2022 as the stock market shed more than 25% of its value, the Federal Reserve reported Friday in the government’s quarterly financial accounts.
Same-sex marriage bill passes Senate; lawmakers reject GOP religious liberty amendments
Bipartisan legislation to codify same-sex marriage under federal law passed the Senate on Tuesday with the help of a dozen Republicans, capping off months of negotiations between both parties over how to address religious liberty concerns.
Biden extends student loan repayment pause as debt cancellation placed on hold amid legal challenge
President Joe Biden announced on Tuesday the extension of the pause on federal student loan payments as the courts determine the legality of his student loan cancellation plan.
12 Republicans Join Democrats to Rush Marriage Bill: ‘Devastating Blow to Religious Freedom’
The Senate is fast-tracking a bill that could deny religious freedom for individuals and faith-based organizations.
Senate advances bipartisan same-sex, interracial marriage bill
The Senate on Wednesday voted to advance a bipartisan bill to protect same-sex and interracial marriages and enshrine a number of religious liberty protections in federal statute.
Federal Judge Stays Decision Blocking Title 42
A federal judge on Wednesday gave the Biden administration until Dec. 21 to wind down its use of Title 42 to expel migrants.
New York Fed announces test of digital dollar with major banks
The Federal Reserve Bank of New York and major banks will launch a three-month test of a digital dollar in hopes of studying its feasibility.
Fed Reserve expected to announce fourth consecutive interest rate hike
The US Federal Reserve is expected Wednesday to announce its fourth consecutive 0.75% interest rate hike since June, Reuters reports. Numerous economists polled by Reuters have said the Fed should not pause until inflation falls to around half its current level.