Washington Financial News

WASHINGTON (Reuters) -Former U.S. President Donald Trump, if re-elected in 2024, would expand his first-term immigration crackdown to include sweeping roundups of people who would be held in large camps to await deportation, the New York Times reported on Saturday.

marijuana. Additionally, 38 states and Washington, DC, have sanctioned comprehensive medical programs, with Kentucky signing a law for medical use, effective in 2025. Legal adult recreational use policies are now in place in 24 states and Washington, D.C.

WASHINGTON (Reuters) — Former U.S. President Donald Trump has filed a legal motion backing media requests for live television coverage of his federal trial on charges he conspired to overturn the results of the 2020 presidential election.

New House Speaker Mike Johnson is facing his first big test as he tries to win House Republican support for a short-term funding plan to avert a government shutdown

A project to build a first-of-a-kind small modular nuclear reactor power plant was terminated Wednesday

It is the first engagement between the leaders in nearly a year.

The credit rating agency Moody’s Investors Service has lowered its outlook on the U_S_ government’s debt to “negative” from “stable.”

The futuristic B-21 Raider warplane has taken its first flight, moving it closer to becoming the nation’s next nuclear weapons stealth bomber

Republicans are increasingly focused on President Joe Biden's brother Jim as they dig for evidence that could be used for impeachment proceedings

Imran Khan, may find herself in serious trouble in the near future, including being jailed in an alleged corruption case, a media report said on Saturday. The National Accountability Bureau (NAB) is cross-checking certain pieces of «evidence» pertaining to some financial transactions that Bushra Bibi allegedly received, The News International newspaper reported. The anti-graft watchdog received some fresh evidence, which, if confirmed, will change Bibi's status from a «witness» to «accused», sources were quoted as saying by the newspaper.

China continues to battle its property demons while it is Italy's turn to be in the eye of the ratings agencies. Here is your week-ahead primer from Lewis Krauskopf in New York, Kevin Buckland in Tokyo, Danilo Masoni in Milan and Alun John and Dhara Ranasinghe in London. 1/ INFLATION WATCH A slew of Federal Reserve policymakers including boss Jerome Powell say they are still not sure that rates are high enough to finish the battle with inflation. Traders, anticipating roughly three quarter-point Fed rate cuts next year, will now turn their attention to Tuesday's inflation data to confirm their view on the outlook. The October consumer price index is expected to have climbed 0.1% on a monthly basis, according to a Reuters poll. September's CPI rose 0.4% on a surprise surge in rental costs, but also showed a moderation in underlying inflation pressures. A sharper cooling could fan the peak rate talk, fuelled by October's employment report, which pointed to an easing in labor markets. A federal government shutdown meanwhile looms if lawmakers in Washington are unable to pass a measure to at least temporarily fund operations before a Nov.

Jezebel, the sharp-edged feminist website founded at the height of blogosphere era, is shutting down after 16 years

Investing.com — Nvidia (NASDAQ:NVDA) will likely need «several months» to ramp up production of its new artificial intelligence chip aimed at capturing growing demand in China, according to analysts at Wolfe Research.

The United States and its allies are set to escalate sanctions against the militant group Hamas in the coming days.

SHANGHAI (Reuters) — Measures such as the U.S. Inflation Reduction Act are unlikely to stop firms from going abroad, as companies thrive through competition and not through regulation or subsidies, the chairman of Chinese battery maker Gotion High Tech said.

diets and poor hygiene means 2.5bn people around the world suffer from tooth decay, in which acid produced by mouth-dwelling bacteria eats away at the hard enamel that coats the outside of a tooth. That can open the door to painful infections, which cause further damage. Once decay has set in, all a dentist can do is fill the gap with an artificial plug—a filling.

US Federal Reserve is prepared, if needed, to hike interest rates further in order to bring inflation down to its long-term two percent target, Fed Chair Jerome Powell said Thursday. «We know that ongoing progress toward our two percent goal is not assured: Inflation has given us a few head fakes,» Powell told a conference in Washington. «If it becomes appropriate to tighten policy further, we will not hesitate to do so,» he added, in remarks that were briefly disrupted by climate protesters. Powell's comments come just over a week after the US central bank voted to hold interest rates steady at a 22-year high for a second consecutive meeting, fueling expectations that it was done with rate hikes. While the Fed's rate-setting committee is «committed» to achieving a sufficiently tight stance of monetary policy, «we are not confident that we have achieved such a stance,» Powell said. The Fed chair's comments suggest the US central bank is still concerned about the prospect of a re-acceleration of inflation, which has more than halved since peaking last year, according to the Fed's favored yardstick. However, Powell later indicated that he felt the Fed was «probably» at a point where its monetary policy was «significantly restrictive,» suggesting that the Fed felt confident in its current stance. «We're watching the effect carefully on the economy,» he said.

Iraq may have helped keep America from being dragged deeper into a widening Middle East conflict. The drone, which was launched at the Erbil air base by an Iranian-backed militia before sunrise on Oct. 26, penetrated U.S. air defenses and crashed into the second floor of the barracks housing American troops at about 5 a.m, according to two U.S.

By Stephen Nellis, Max A. Cherney and Fanny Potkin

Climate protesters delay the start of Federal Reserve Chairman Jerome Powell's speech at the Economic Club of New York.

By Howard Schneider and Ann Saphir