The Fed will start winding down a program that saved the economy
CNN
The Federal Reserve announced Wednesday that it will begin winding down a program that purchased tens of billions of dollars of corporate assets to shore up the economy during the pandemic.
In a statement, the central bank said the facility was crucial to businesses during the depth of the recession. But as the economy rapidly recovers, the time to start winding it down has begun. The program "proved vital in restoring market functioning last year, supporting the availability of credit for large employers, and bolstering employment through the Covid-19 pandemic," the Fed said.
Rubio to head to Central America for first trip as top US diplomat as Trump cracks down on migration
Secretary of State Marco Rubio will travel to Central America for his first trip as the top US diplomat.
The federal judges in Washington, DC, who handled hundreds of cases from January 6, 2021, are pushing back against President Donald Trump’s mass clemency for convicted rioters, rebuking the newly pardoned as “poor losers” and memorializing the “blood, feces, and terror” from the US Capitol attack.
President Donald Trump and first lady Melania Trump released meme coins just days before he took the oath of office. A splashy pre-inaugural party was held at a property his company owns. And a Saudi-backed golf tournament is headed to a Trump club this spring.
GOP leaders are being pulled in opposite directions: Moderate members want the party to look ahead and focus on its agenda. But conservatives – and Donald Trump – aren’t done with litigating January 6 and investigating Joe Biden.
The Ivy League university, an epicenter for protests last year, says it is “expediting” its investigation into a group who disrupted a class on Israeli history Tuesday.
In the few days since he returned to the White House, President Donald Trump’s sweeping executive orders and mass pardons have shattered political and legal norms. But one order is in a category of its own.
Four San Antonio police officers were shot Wednesday night while responding to a “suicide in progress” call and a heavy presence of police were near an apartment complex trying to detain the suspect, authorities said.
A female student has died and another student was wounded in a shooting Wednesday morning at Antioch High School in Nashville, a police spokesman said. The male shooter killed himself.
Robert F. Kennedy, Jr. – the vaccine skeptic President Donald Trump has nominated to serve as Health and Human Services secretary – plans to retain his financial interest in some litigation brought by Wisner Baum, a law firm whose specialties include pursuing pharmaceutical drug injury cases.
Los Angeles County officials are calling for an independent investigation to review the emergency alert system used during the recent Eaton and Palisades Fires to warn residents to evacuate.
President Donald Trump has issued a “full and unconditional pardon” to Washington, DC, police lieutenant Andrew Zabavsky and officer Terence Sutton for their roles in the death of 20-year-old Karon Hylton-Brown, a case that drew protests on the heels of the murder of George Floyd.
Pete Hegseth’s ex-wife recently gave a new statement to the FBI about the defense nominee’s alcohol use, according to two sources familiar with the matter, an issue that has become a source of controversy during his confirmation process.
The Trump administration is putting a halt to agreements that require reforms of police departments where the Justice Department found a pattern of misconduct, according to a memo issued Wednesday.
President Donald Trump is targeting federal employees who focus on diversity, equity and inclusion and career policy staffers as he follows through on campaign promises to exert more control over the federal bureaucracy.
The House voted on Wednesday to pass a GOP-led bill to require detention of undocumented migrants charged with certain crimes, handing an early legislative win to President Donald Trump and congressional Republicans, who chose to bring up the measure as their first bill of the new Congress.
In the same week President Trump took office, drone footage captured the construction of new barriers along the US-Mexico border.
More than 32,000 people have fled to towns in northeast Colombia as they attempt to escape a sharp rise in fighting between militant factions, according to the country’s Ombudsman Iris Marín.
The Trump administration has moved with lightning speed to roll out the president’s immigration agenda, effectively closing off the US southern border to asylum seekers, severely limiting who’s eligible to enter the United States and laying the groundwork to swiftly deport migrants already in the country.