Federal Reserve Chairman Jerome Powell has been skillfully avoiding questions about President-elect Donald Trump. However, as Trump's ambitious economic agenda takes shape, Powell might not be able to dodge the topic forever. Trump's plans include significant tax cuts, increased government spending,
In California, a wildfire named the Mountain fire is causing chaos. It's already burned over 19, 600 acres and destroyed many homes in Ventura County. The fire is so big that firefighters are still trying to contain it. They're using helicopters and ground teams to fight the blaze, but strong winds
In a recent announcement, the Federal Reserve decided to lower their key interest rate by a small amount. This move comes as inflation is getting closer to the central bank's target of 2%. The Fed noted that while inflation is still a bit high, unemployment is low. They also mentioned that the job m
Special counsel Jack Smith is trying to figure out how to handle two federal cases against Donald Trump before he becomes president. The Justice Department has a rule that sitting presidents can't be prosecuted. So, Smith is looking at how to end these cases before Trump takes office in January. Tr
The Federal Reserve is set to lower interest rates this week, but this time it's not about boosting a struggling economy. Instead, they're responding to lower inflation rates. The upcoming presidential election might not change this decision right away, but the winner could influence what the Fed do
For weeks, Elon Musk was interested in leading a special task force under Donald Trump's potential administration. But now, things have changed. According to Howard Lutnick, the CEO of Cantor Fitzgerald, Musk's role has been scaled back. Instead of heading a department, he'll be writing software to
Long Island lawmakers are calling for a bigger budget for pediatric cancer research. Currently, only 4% of the National Institutes of Health's $47. 1 billion budget goes to common childhood cancers. This includes cancers like brain tumors, lymphoma, and leukemia. Other types of childhood cancer don'
In a twist of events, a federal judge sent a lawsuit back to state court. The lawsuit, brought by the Philadelphia district attorney, targets Elon Musk's political action group, America Pac. The group runs a contest where registered voters can win $1 million daily. The lawsuit claims this is an ille
Robert F. Kennedy Jr. , a prominent Trump supporter, is eyeing federal health data to show that vaccines are unsafe. This was revealed by Howard Lutnick, a co-chair of Donald Trump's transition team, during a recent CNN interview. Lutnick echoed Kennedy's controversial views about vaccines, includin
Elon Musk, the CEO of Tesla and SpaceX, was a no-show for a court hearing about his million-dollar daily voter giveaways. The hearing, originally set for Pennsylvania state court, faced a sudden change when Musk requested to move the case to federal court just hours before the scheduled time. This s
