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Fed hikes interest rates by quarter-point

The Federal Reserve raised interest rates Wednesday for the first time in several years in the face of stubborn inflation. The central bank’s Federal Open Market Committee (FOMC), under Fed Chair Kevin Warsh, voted unanimously to increase the federal funds rate to a range of 3.75 percent to 4 percent. It marks the first time the…

Federal employees were paid nearly $7B not to work under DOGE effort: GAO

The Trump administration paid outgoing employees an estimated nearly $7 billion to not work as it encouraged them to leave the federal service, a government watchdog found in a Tuesday report. Federal workers’ use of paid leave increased 435 percent under the first two years of the Trump administration, a dynamic the Government Accountability Office…

Friday, October 16, 2026

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