Fed cuts rate again but signals slower path in 2025
The Federal Reserve lowered its key rate by a quarter point for a third time this year while projecting only two cuts in 2025. Powell said inflation remains a constraint and that policy may move slowly toward a neutral rate, prompting a sharp stock drop as investors reassess borrowing costs and growth prospects.
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Federal Reserve
Washington
Fed
Wall Street
Jerome Powell
Powell
Elerina Aruci
T. Rowe Price
Uruci
Donald Trump
Trump
Trump rejects plan to fund government during holidays
President-elect Donald Trump rejected a bipartisan stopgap to avert a Christmas government shutdown and urged House Speaker Mike Johnson to renegotiate before Friday’s funding deadline. The move amplified GOP divisions over spending, disaster aid, and debt limit provisions, with Democrats criticizing the bid and Musk opposing the proposal.
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Washington
Donald Trump
House
Mike Johnson
Trump
Congress
Johnson
JD Vance
Senate approves defense bill with troop pay rise
The Senate passed a defense authorization bill totaling 895 billion dollars boosting pay for junior enlisted troops and overall military spending while ending transgender medical coverage for military children. The measure, backed 85 to 14, faces House approval amid partisan debates and future funding fights.
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Washington
Senate
China
Pentagon
Joe Biden
White House
Congress
House panel Secretly Votes to Release Gaetz Report
The House Ethics Committee voted in secret to release the long awaited report into ex Rep Matt Gaetz amid allegations of sexual misconduct and drug use while in office. The bipartisan panel previously blocked disclosure and a floor vote failed with all but one Republican opposing a release. Gaetz criticized the move, denying wrongdoing and saying he now leads a different life.
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House Ethics Committee
Matt Gaetz
Florida
Donald Trump
CNN
Gaetz
Congress
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Dn.y
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