Inflation hurts. Raising interest rates does too
CNN
Goods and services are getting much more expensive, and gas prices have hit another high. The recognized cure for inflation is to raise interest rates and slow the economy. But those hikes will hurt too, leading to job and wage losses.
The main problem is inflation. Goods and services are getting much more expensive. US gas prices hit another high on Tuesday -- $4.37 per gallon. Globally, higher food and energy costs could last for years, according to the World Bank.
The Trump administration and Elon Musk have insisted that they are carefully purging the federal workforce by firing only low-performing employees serving in non-critical roles, or recent hires on probationary status.
At the one-month mark of Donald Trump’s second term as president, his approval rating in a new CNN poll conducted by SSRS tilts negative but still lands above the level he reached at any point in his first four years in office.
In speeches, interviews, exchanges with reporters and posts on social media, the president filled his public statements not only with exaggerations but outright fabrications. As he did during his first presidency, Trump made false claims with a frequency and variety unmatched by any other elected official in Washington.
A grand jury recommended abolishing a small Alabama police department because of a “rampant culture of corruption” after charging five officers with a variety of crimes, officials announced Wednesday.
As the long-fraught relationship between President Donald Trump and his Ukrainian counterpart Volodymyr Zelensky ripped apart Wednesday, a question that lingered among allies of both men was whether the fight would dash hopes for a US-brokered peace — or, potentially, help it along.
Whitley Award-winning biologist Fernanda Abra’s Reconecta Project is building canopy bridges across highways in Brazil to protect endangered primates.
Brazilian biologist Fernanda Abra was recognized by the Whitley Fund for Nature for her pioneering work to build and monitor low-cost canopy bridges over Highway BR-174 in the Amazon rainforest, to protect tree-dwelling mammals from road vehicles.
A young girl in Texas died by suicide after being bullied about her family’s immigration’s status, according to her family.
An appeals court will not allow the Trump administration to end birthright citizenship for certain children of immigrants, in a ruling that could propel the issue to the Supreme Court.
Defense Secretary Pete Hegseth has ordered the military to prepare plans to make drastic budget cuts over the next five years, with an exception for border security, according to a new memo obtained by CNN.
Senate Republicans announced Wednesday they are muscling ahead with their preferred legislative strategy to jumpstart Donald Trump’s agenda — just hours after the president himself backed a much different approach.
At least two people are dead after two small aircraft collided in midair at an Arizona airport Wednesday, authorities said.
Some defense officials responsible for drafting lists of civilian Pentagon employees to be terminated as soon as this week are raising concerns with their superiors that the summary firings could break the law and potentially harm US military readiness, a senior defense official told CNN.