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WASHINGTON (AP) — Federal Reserve Vice Chair Philip Jefferson suggested Tuesday that the central bank’s key rate may have to remain at its peak for a while to bring down persistently elevated inflation.
California might step in to regulate groundwater use in part of the crop-rich San Joaquin Valley, which would be a first-of-its-kind move that comes a decade after lawmakers tasked local communities with carefully managing the precious but often overused resource.
Senate Democrats' campaign arm is sparing no expense in its bid to keep the upper chamber's majority in November, announcing a whopping $79 million ad plan across a number of battleground states and desired pick up opportunities.
Speaker Mike Johnson, R-La., is facing renewed motion to vacate threats a day after he introduced a plan to pass foreign aid.
Israel's foreign minister on Tuesday said he is calling for additional sanctions on Iran in response to the missile and drone attack that targeted Israel over the weekend.
President Joe Biden and his wife, Jill, on Monday released tax returns showing that their income rose 7% to $619,976 in 2023 and that the couple paid 23.7% of their income in federal taxes.
The Chinese Communist Party uses tax rebates to subsidize the manufacturing and export of fentanyl materials, a House panel said in a report released Tuesday.
President Biden will kick off a three-day tour of Pennsylvania, a crucial battleground state, with a speech on Tuesday that focuses on taxes and aims to contrast his policies with those of former President Donald J. Trump.