Jun 22 Watch 3:22 News Wrap: Fed Chair Powell defends aggressive rate hikes, admits recession is possible In our news wrap Wednesday, Federal Reserve Chair Jerome Powell pledged to raise interest rates enough to douse inflation without sparking a recession, Russian artillery battered Kharkiv in Ukraine's northeast, Sri Lanka's prime minister declared his nation’s economy is in… Continue watching
Jun 22 How Biden’s proposed gas tax holiday could alleviate pressure at the pump By Matthew Daly, Associated Press Facing stubbornly high gas prices that average about $5 a gallon nationwide, President Joe Biden has urged Congress to suspend federal gasoline and diesel taxes for three months. Continue reading
Jun 22 EU lawmakers back stricter emission caps in climate change fight By Associated Press European Union lawmakers are requiring deeper emission cuts from power plants, factories and planes in Europe while endorsing an unprecedented import tax to step up the fight against global warming. Continue reading
Jun 22 WATCH: Fed chair Powell says rate hikes will be decided ‘meeting by meeting’ By Chris Rugaber, Associated Press Federal Reserve Chair Jerome Powell underscored the Fed's determination to raise interest rates high enough to slow inflation, a commitment that has fanned concerns that the central bank's fight against surging prices could tip the economy into recession. Continue reading
Jun 22 WATCH: President Joe Biden calls on Congress to pass 3-month gas tax suspension By Josh Boak, Associated Press President Joe Biden on Wednesday called on Congress to suspend federal gasoline and diesel taxes for three months — an election-year move meant to ease financial pressures that was greeted with doubts by many lawmakers. Continue reading
Jun 21 Watch 4:54 News Wrap: Georgia, Arkansas, Virginia and Alabama hold elections In our news wrap Tuesday, Multiple states are holding primary and runoff elections including Alabama, Georgia, Arkansas and Virginia. Also, U.S. Attorney General Merrick Garland met with Ukraine’s prosecutor general, historic monsoon floods submerged more of Bangladesh, floods in China… Continue watching
Jun 21 Watch 5:39 Supreme Court decision allows use of public funds for religious education The Supreme Court handed another victory Tuesday to advocates asserting religious rights over government restrictions. The case involved an unusual program in a small town in Maine and the use of public funds to help pay for tuition at a… Continue watching
Jun 21 Watch 5:52 Future of cryptocurrencies in question after plunge in value It's been a very rough year so far for stocks and other investments as the markets have dropped sharply over the past few months. That plunge has been even larger for cryptocurrencies. Since November, the total market value of all… Continue watching
Jun 21 UK rail strike brings train network to a crawl By Jill Lawless, Associated Press Tens of thousands of railway workers have walked off the job in Britain, bringing the train network to a crawl in the country's biggest transit strike in three decades. Tuesday's action could be a precursor to a summer of labor… Continue reading
Jun 20 Watch 5:08 News Wrap: COVID vaccinations begin for children under age 5 In our news wrap Monday, children under the age of 5 began receiving COVID vaccines, President Biden considers a pause on the federal gas tax, militants killed at least 132 villagers in Mali, Israel is headed for a new election,… Continue watching