Inflation is bad enough. One country is making it even worse
CNN
Unnerved by surging prices, the Bank of England on Thursday became the first major central bank to hike interest rates since the pandemic began. The US Federal Reserve will follow in the coming months, with three rate hikes expected next year.
You can quibble over the timing or the size of interest rate hikes, but just about every economist agrees that when prices rise quickly, higher borrowing costs can help reduce demand and inflation.
When President Donald Trump has been asked about the reason he’s pressuring President Nicolás Maduro to step down and threatening military action, he consistently blames the leader of Venezuela for two things: drugs and migrants.
Jasmine Crockett has two cashier’s checks made out to use on Monday: one to submit if she files for reelection for her US House seat, the other to jump into the already competitive Texas Democratic primary for US Senate.
A federal judge on Saturday temporarily locked down the Justice Department’s access to some evidence used in its criminal case against former FBI Director James Comey, just as the Trump administration prepares to seek a new indictment after the dismissal of previous charges early last week.
One person was seriously injured after being stabbed Friday on Charlotte’s LYNX Blue Line, the same route where the fatal stabbing of a Ukrainian refugee took place months earlier.
Maduro has survived predictions and ridicule, but along the way, Venezuela lost millions of inhabitants, 72% of its economy, democratic legitimacy in the eyes of much of the world, and many of its most important international allies.
The Trump Administration has let Southwest Airlines off the hook for paying the remainder of a fine for the airline’s 2022 holiday travel meltdown – a service disruption that left more than 2 million passengers stranded.
The Trump administration is expected to deport dozens of Iranians back to their home country on Sunday, a source familiar with the matter told CNN.
Defense Secretary Pete Hegseth on Saturday defended the Trump administration’s military actions against alleged drug boats in the Caribbean, saying it shows “the strength of American resolve.”
One inmate remains on the run after a group of three removed mortar and concrete blocks from a jail wall in St. Landry Parish, Louisiana, to make their escape this week, the sheriff’s office said Friday.
President Donald Trump doesn’t have his name on the Kennedy Center yet, but he’s already shaped it to his tastes.
Visitors will now have to pay a fee on Martin Luther King Jr. Day and Juneteenth.
“Wicked: For Good” has found itself at the center of a national conversation about weight loss, eating disorders and the endless pursuit of thinness.
The Supreme Court’s endorsement of how Texas Republicans redrew the state’s congressional map is offering hope to California Democrats as they prepare to defend their map in court this month – and emboldening other states to move ahead.