Federal Reserve Chair Jerome Powell on Tuesday reiterated the central bank’s commitment to bringing inflation down and signaled that policymakers aren’t in a rush to push interest rates lower. In remarks before the Senate Banking Committee, Powell called the economy “strong overall” with a “solid” labor market and inflation that is easing but still above the Fed’s 2% goal. With...
An American school teacher held by Russia for 3 1/2 years will be released and allowed to come home, the White House said on Tuesday. Marc Fogel had been sentenced to 14 years in prison by Russia and was considered “wrongfully detained” by the United States. “By tonight, Marc Fogel will be on American soil...
PARIS — Vice President JD Vance warned European allies Tuesday that the White House would not accept international regulations on artificial intelligence if they held back U.S. ambitions to be the world’s dominant power in the revolutionary new technology. “The United States of America is the leader in AI, and our administration plans to keep it...
WASHINGTON — Jordan’s King Abdullah II said he would take in 2,000 Palestinian children from Gaza who are very sick or suffering from cancer, signaling new openness to a plan by President Donald Trump to drive a deal that would resettle the residents of the war-torn strip. Trump called the offer a “beautiful gesture” and...
Bills introduced by Republicans in the Texas Senate would require the Ten Commandments to be displayed in public schools and allow for schools to carve out time for students to read the Bible, in the latest effort by lawmakers in states to infuse religious doctrine in public education. “The Ten Commandments are part of our...
Ravaged by two years of brutal civil war and with over 30 million people — or more than half of the population — in need of humanitarian assistance, President Donald Trump’s 90-day freeze on all foreign aid could not have come at a worse time for Sudan. As battles rage in the North African country,...
WASHINGTON — A senior official at the Federal Emergency Management Agency instructed subordinates to freeze funding for a wide array of grant programs Monday, just hours after a federal judge ordered the Trump administration — for the second time — to stop such pauses. In an email with the subject line “URGENT: Holds on awards,”...
President Donald Trump’s push to shut down the U.S. Agency for International Development and remake the federal workforce is causing whiplash for those who recently entered it hoping for long, stable careers in public service. Krisna Patel, 23, said she filed for unemployment insurance last week after getting laid off from her job at a...
A voluntary recall has been issued for some canned tuna products —sold across the country at stores including Trader Joe’s, Walmart and Costco — due to a pull tab defect that could lead to potentially fatal botulism food poisoning. Tri-Union Seafoods issued a voluntary recall for select lots of canned tuna products that are sold...
Steve Bannon, a longtime ally of President Donald Trump, pleaded guilty Tuesday on a fraud charge in a case alleging he helped defraud donors who were giving money to build a wall at the southern U.S. border. In exchange for the guilty plea, he agreed to a conditional discharge and waived his right to appeal. Bannon...