Trump targets Fed as markets fear consequences
President Donald Trump attacked the Federal Reserve over its rate hikes as markets slid. Analysts warn that challenging Fed independence could destabilize the economy amid trade tensions and a slowing global outlook.
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Gas prices fall over 12 cents in Michigan and nationwide
GasBuddy reports Michigan gasoline averaged $2.10 per gallon, down 12.1 cents from the prior week, 25 cents below a month ago and 48 cents under last year. Nationally prices dropped 23.1 cents month over month, 12.2 cents year over year, while Patrick DeHaan notes ongoing declines as oil softens. Americans spend $225 million less daily on gasoline than 75 days ago. Historical extremes show $1.93 in 2015 and $3.23 in 2013. Holland saw $1.81 per gallon on Christmas morning.
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GasBuddy
Patrick DeHaan
Holland
Trump says government to stay closed until border wall agreed
President Donald Trump stated parts of the federal government will remain shut until Democrats back a wall or fence along the U S Mexico border. He urged calling it any name, but insisted a physical barrier is essential to curb drugs and human trafficking, aiming for wall completion by election time 2020.
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Spacey charged in 2016 groping of Boston TV anchor’s son
Kevin Spacey, 59, faces an indecent assault and battery charge in Nantucket over an alleged 2016 incident involving the son of a Boston TV anchor. He could face up to five years in prison if convicted. Spacey pledges to reveal the full truth in a forthcoming statement.
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Five killed in St Louis after crime drop claim
Five people were fatally shot in a 24 hour span in St Louis over the weekend, days after the police chief touted a drop in violent crime. Victims include 33 year old John Watson found in a vacant lot, 24 year old Brian Henley, 25 year old Kevin Brown, 53 year old Darren Avery, and 27 year old Kourtney Steed. A 3-year-old girl was found unharmed in Henley’s vehicle. The shootings spanned Saturday and Sunday across multiple locations.
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