Dr. Anthony Fauci, speaking by video-link because he contracted COVID-19, told Congress on Thursday his agency is studying vaccines that better target the omicron variant and it will be “paramount” to develop a new generation of shots that can tackle a…
Author: Tom Howell Jr.
Tech companies lay off workers, slow down hiring amid economic tumult
Plenty of people quit their jobs during the pandemic, but now many workers are being forced out, with more and more companies facing fears of an economic recession, supply chain problems and other woes.
Sen. Rob Portman: Fed should have acted sooner to wrangle inflation
Sen. Rob Portman of Ohio said Thursday it is easy to be an armchair quarterback, but it was “pretty obvious” there was a mismatch between supply and demand in early 2021 so the Federal Reserve should have acted earlier to corral inflation.
Jan. 6 committee: Trump disparaged Pence in a tweet after violence began
Former President Donald Trump reportedly knew the Capitol had been breached when he tweeted a disparaging message about then-Vice President Mike Pence on Jan. 2, 2021, the committee investigating the Capitol invasion told NBC News.
Fed raises rates by three-quarters of a point; highest increase in nearly 30 years
The Federal Reserve raised interest rates by three-quarters of a percentage point Wednesday, the biggest increase in nearly three decades, as the central bank scrambles to tame inflation.
Biden to oil companies: Produce more gasoline, fewer profits to alleviate pain at pump
President Biden sent letters to oil companies Wednesday telling them to produce more gas to ease widespread pain at the pump, which he also blamed on Russian President Vladimir Putin.
Wall Street stabilizes as investors brace for bold Fed action
Stocks on Wall Street were relatively flat Tuesday as investors and corporate America braced for the Federal Reserve to raise interest rates by as much as three-quarters of a percentage point on Wednesday in a bid to slow soaring U.S. inflation rates.
Social Security wait lines worsened before the pandemic due to budget cuts: study
COVID-19 exacerbated long wait times for Social Security services, but a new study says budget cuts had weakened the agency before the pandemic.
White House confirms Biden will travel to Saudi Arabia
President Biden will travel to Saudi Arabia as part of a Middle East trip in mid-July, the White House said Tuesday after days of speculation about whether the U.S. leader would head to the kingdom after a stop in Israel.
Rep. Sean Casten’s daughter, Gwen, dies at age 17
The office of Rep. Sean Casten says the congressman’s 17-year-old daughter, Gwen, died early Monday.