Policy

More Interest Rate Cuts Possible Even Under Trump Tariffs, Fed Governor Says

Federal Reserve Gov. Christopher J. Waller is backing more interest rate cuts even if higher tariffs are imposed on imports, a proposal pushed forward by Trump.
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Jimmy Carter: The President Who Changed US–China Relations

President Jimmy Carter established diplomatic ties with Beijing and cut formal relations with the government in Taipei, which ruled China before the CCP.
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00:00:54

$2,000 Medicare Drug Cap Begins Jan. 1

The cap, which should benefit millions of Americans, is part of a multiyear plan to reduce prescription drug costs for Medicare beneficiaries.
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US Homelessness in 2024 Up 18 Percent From Previous Year, HUD Reports

The nation’s homeless population grew by 18.1 percent from 2023 to 2024, the U.S. Department of Housing and Urban Development (HUD) announced on Dec. 27.

63 Human Rights Groups Urge Continuation of House Select Committee on CCP

Coalition of 63 human rights organizations requested Johnson and Jeffries reestablish “Select Committee on Strategic Competition with the CCP” in next Congress.
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Federal Reserve Cuts Interest Rates by a Quarter-Point, Signals Fewer Cuts Next Year

Federal Reserve followed through on the third straight interest rate cut lowering the benchmark rate by 25 basis points to a range between 4.25% and 4.5%.
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House to Vote on $3 Billion in Funding to Remove Chinese Telecom Equipment From US Networks

House of Representatives is to vote on annual defense bill, which includes $3 billion to remove Chinese telecom equipment from American wireless networks.
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Government Payments Become Fastest Growing Source of Income: Report

Payments from the government have become the fastest-growing source of income for Americans, according to a new study.