May 04 Federal Reserve raises key rate by a half-point in bid to tame inflation By Christopher Rugaber, Associated Press The Federal Reserve intensified its drive to curb the worst inflation in 40 years by raising its benchmark short-term interest rate by an sizable half-percentage point. Continue reading
May 04 WATCH: Pentagon press secretary John Kirby says weapons are getting through to Ukraine By Associated Press Pentagon Press Secretary John Kirby says despite Russia ramping up its attacks across Ukraine the weapons allies are filtering into the country "are getting into Ukrainian hands."… Continue reading
May 04 Black-majority town in Tennessee halts state takeover in settlement deal By Kimberlee Kruesi, Associated Press The small town of Mason has announced it has reached a deal halting the threat of a takeover of its finances by the state of Tennessee. Continue reading
May 04 WATCH: White House believes Russia has ‘already lost’ the war in Ukraine By Associated Press Pressed by a reporter to define what victory looked like for Ukraine, Psaki instead said that Russia had failed in its own objectives by invading the neighboring country. Continue reading
May 04 WATCH: Federal Reserve Chair Jerome Powell gives update as Fed announces interest rate hike By Christopher Rugaber, Associated Press The Fed also announced that it will start reducing its huge $9 trillion balance sheet, made up mainly of Treasury and mortgage bonds. Reducing those holdings will have the effect of further raising loan costs throughout the economy. Continue reading
May 04 WATCH: DHS Secretary Mayorkas testifies amid criticisms of new disinformation board By Amanda Seitz, Nomaan Merchant, Associated Press A newly formed Disinformation Governance Board remains shrouded in secrecy a week after the Biden administration’s announcement of the new effort was met with widespread criticism. Continue reading
May 04 Transgender kids tend to maintain their identities as they grow up, study suggests By Lindsey Tanner, Associated Press After five years, 94 percent of children studied were living as transgender and almost two-thirds were using either puberty-blocking medication or sex hormones. Continue reading
May 04 WATCH: President Biden welcomes Team USA Olympians to the White House By Aamer Madhani, Associated Press Biden hailed Team USA for bringing a bit of unity to a pandemic weary nation as he hosted a White House celebration with about 600 athletes from this year's Winter Olympics in Beijing and the coronavirus-delayed Summer Games held in… Continue reading
May 04 Black and Hispanic people have the most to lose if Roe is overturned By Emily Wagster Pettus, Leah Willingham, Associated Press Associated Press research shows that if the Court allows states to ban abortions, minority women will bear the brunt of it. Continue reading
May 04 WATCH: President Biden remarks on deficit progress in bid to counter critics By Josh Boak, Fatima Hussein, Associated Press President Joe Biden plans to highlight deficit reduction in remarks noting that the government will pay down the national debt this quarter for the first time in six years. Continue reading