CIA chief Burns meets Ukraine’s Zelensky in Kyiv as Washington ups support
CIA Director William Burns visited Kyiv last week to meet with Ukrainian President Volodymyr Zelensky, a US official said Thursday, in the latest example of high-level contacts between the US and Ukraine.
Federal Judge Says San Francisco Can’t Clear Homeless Camps
A federal judge has temporarily banned San Francisco from clearing homeless encampments, saying the city violated its own policies by failing to offer other shelter.
$1.7T omnibus bill funds border security in foreign nations, but prohibits it in US
The more than 4,000-page, $1.7 trillion omnibus spending bill prohibits funds for U.S. border security but it provides funding for border security in foreign nations.
Fed hikes interest rate by half a percentage point, with benchmark rate projected to top out at 5.25%
The Federal Reserve on Wednesday raised its benchmark interest rate by half a percentage point and signaled more tightening next year as it continues to battle high inflation, a fight that’s expected to slow the economy and raise unemployment.
Federal deficit to pass $3 trillion for second year, economic growth higher than expected
After a year of immense spending during the COVID-19 pandemic and ensuing economic downturn, the federal deficit is projected to hit $3 trillion for the second year in a row, according to the Congressional Budget Office.
Household wealth dropped by $13.5 trillion from January to September, second-worst destruction on record
American households lost about $6.8 trillion in wealth over the first three quarters of 2022 as the stock market shed more than 25% of its value, the Federal Reserve reported Friday in the government’s quarterly financial accounts.
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