WASHINGTON DC - The Federal Reserve on Wednesday kept short-term interest rates at a level of 4.25 to 4.5 percent, but two board officials running to succeed Fed Chair Powell voted to lower them. Nine of members of the Federal Open Market Committee agreed to keep rates unchanged. The two dissenters were Fed Vice Chair of
WASHINGTON - President Trump on Wednesday announced he was imposing a 25 percent tariff on foreign-made vehicle imports, marking the latest escalation of his trade war against other nations. Trump said in the Oval Office that the 25 percent tariff would apply to “all cars not made in the United States.” The tariffs will go into
WASHINGTON – A new national survey of small business owners reveals widespread concern about the U.S. economy, particularly fueled by the “whiplash” caused by recent trade policy. In a snap survey of 501 small business owners in the Small Business for Americas Future Network, 63% believe the American economy is on the wrong track. The
COLUMBUS - President Donald Trump's Department of Government Efficiency canceled a second grant worth nearly $700,000 to Ohio State University to study cannabis use disorder in the LGBTQ+ community. The study by Ohio State College of Nursing professor Christina Dyar was focused on examining lesbian, bisexual and queer women, and gender diverse people who were
DETROIT - Forget a “December to remember.” For car buyers and dealers, it’s already been a November they’ll never forget. In a new report, research firm Cox Automotive found a surprising uptick in new car sales in November, outpacing industry estimates. It could be because buyers are itching to pull the trigger on a car purchase now,
DETROIT - When former President Donald Trump campaigned on a promise to end the $7,500 electric vehicle tax credit, many people pointed to his newfound close ties with Tesla CEO Elon Musk as proof that he wouldn't really act to deliberately harm America's nascent EV sector. But as with all things Musk, it's not that simple. It never
WASHINGTON DC - The Wall Street Journal published a survey on Monday that reported that when it came to inflation, there was one definitive candidate whose economic policy plans would make it worse: former President Donald Trump. Fifty economists responded to the survey, which took place from October 4-8, 2024. The quarterly survey was last conducted in July —
WASHINGTON DC – The "Conservative Climate Change Policy: 2025 Presidential Transition Project" is a controversial roadmap put forth by conservative policymakers. This project, also known as Project 2025, outlines a plan for the next Republican administration. Specifically, the Presidential Transition Project calls for the elimination of numerous government offices and regulations related to energy and
WASHINGTON DC - President Joe Biden's shaky debate performance this week is stirring doubts among Democrats about his viability for reelection.As doubts about the president's electability circulate, questions around federal cannabis reform anticipated under Biden's administration are also swirling. How would a return of Donald Trump to the White House influence the future of cannabis legalization? Trump And
WASHINGTON DC - For the first time, the US Environmental Protection Agency has said that the climate crisis is — at least in part — caused by human activities, the BBC reported. The agency had never before said that human activities caused the changes in the Earth's climate, a press officer for the EPA told
