Fed hikes rates again even as inflation cools

The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point, bringing policymakers another step closer to an expected pause in their inflation fight sometime this year. For now, the central bank’s rate-setting committee signaled that borrowing costs will increase further, saying rate hikes will be "ongoing." But Wednesday’s move is the smallest...

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Biden and McCarthy meet as White House aides envision a debt ceiling off-ramp

When President Joe Biden meets with House Speaker Kevin McCarthy on Wednesday to discuss the lifting of the nation's debt ceiling, it will kick off what’s likely to be a drawn-out fight over the nation’s fiscal path — one that could lead to an economic catastrophe. The White House has insisted that it will not negotiate over the debt ceiling, warning that an extended stalemate...

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House GOP vowed 11 bills in 2 weeks. It's voted on 6 of them.

It's a reminder the razor-thin margin of the House leaves almost no room for error. from Politics, Policy, Political News Top Stories https://ift.tt/3SvFK8k via IFT...

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Blue Dogs say they're ready to help on eve of McCarthy-Biden debt talks

“It is our hope that these conversations result in good faith negotiations that avoid the partisan standoffs of the past,” the group said. from Politics, Policy, Political News Top Stories https://ift.tt/6fco8hd via IFT...

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Covid emergency’s end will mean new costs, hassles

The White House’s announcement that it will end the Covid-19 public health emergency — and a separate Covid national emergency — on May 11 will mean new costs and more hassles for Americans seeking health care. It will also affect those receiving government nutrition assistance and could make it easier for immigrants to request asylum. The end of the emergency also reinforces...

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FDA chief: No one getting fired over baby formula crisis

FDA’s major overhaul of its foods division won’t include reassigning or firing any employees involved in the agency’s delayed response to the babyformula crisis, Commissioner Robert Califf said Tuesday. Califf rolled out his “new, transformative vision” of the main agency tasked with overseeing food safety in the U.S. He didn’t include any specific plans to address internal...

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Biden says Hudson River Tunnel project is finally full steam ahead

NEW YORK — President Joe Biden arrived in Manhattan Tuesday to deliver a message that elected leaders in New York and New Jersey have waited more than a decade to hear — the Gateway Program to improve the century-old rail link under the Hudson River is finally full steam ahead. Biden visited the rail yard on Manhattan’s west side to formally announce a nearly $300 million grant for the decades-long project to build a new rail tunnel under the Hudson...

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