Jun 14 WATCH: Fed Chair Powell announces interest rates will remain unchanged as inflation eases By Christopher Rugaber, Associated Press The Fed’s move to leave its benchmark rate at about 5.1 percent, its highest level in 16 years, suggests that it believes the much higher borrowing rates it’s engineered have made some progress in taming inflation. Continue reading
Jun 13 Amazon cloud service outage causes some websites to go dark By Associated Press Amazon’s cloud computing unit, Amazon Web Services, is experiencing an outage affecting publishers who suddenly found themselves unable to operate their sites as former President Donald Trump was appearing in court in Miami. Continue reading
Jun 13 U.S. consumer price growth slowed in May, though some inflation measures stayed high By Christopher Rugaber, Associated Press The pullback was driven by tumbling gas prices, a much smaller rise in grocery prices than in previous months and less expensive furniture, air fares and appliances. Continue reading
Jun 12 Watch 6:56 Extreme weather causes major insurance providers to pull coverage in California By William Brangham, Shoshana Dubnow For years, State Farm has been the largest provider of homeowners insurance in California. But the company recently announced it will no longer sell new homeowners policies in the state, a move it said was driven by the high cost… Continue watching
Jun 12 Youth go to trial in a test of state's obligation to protect Montana residents from global warming By Amy Beth Hanson, Matthew Brown, Associated Press The 16 young plaintiffs and their attorneys are trying to persuade a judge that the state's allegiance to fossil fuel development endangers the young people's health and livelihoods and those of future generations. Continue reading
Jun 09 Oregon looks to crack down on illegal pot growers by holding landowners responsible By Andrew Selsky, Associated Press Oregon has long been known as a mecca for high-quality marijuana, but that reputation has come with a downside. Illegal growers offer huge amounts of cash to lease or buy land and then leave behind pollution, garbage and a drained… Continue reading
Jun 09 WATCH: Biden discusses economic security for military members and veterans at Fort Liberty By Aamer Madhani, Associated Press President Joe Biden on Friday will sign an executive order that aims to bolster job opportunities for military and veteran spouses whose careers are often disrupted by their loved ones' deployments. Continue reading
Jun 08 Amid Blinken visit, top Saudi diplomat says kingdom seeks U.S. nuclear aid By Associated Press Foreign Minister Prince Faisal bin Farhan was responding to a question about recent news reports that Saudi Arabia is asking for U.S. aid in building its own nuclear program in exchange for establishing diplomatic relations with Israel. Continue reading
Jun 07 Biden vetoes bill to cancel student loan debt relief By Associated Press "It is a shame for working families across the country that lawmakers continue to pursue this unprecedented attempt to deny critical relief to millions of their own constituents," Biden said in a statement when announcing his veto. Continue reading
Jun 07 Borrowers prepare for strain on thin budgets as student loan payment pause ends By Collin Binkley, Associated Press A new debt bill passed by Congress removed any hope that the Biden administration would extend the pause again if the Supreme Court strikes down the White House's student loan cancellation. Continue reading