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The U.S. Federal Reserve is expected to hold interest rates steady on Wednesday as it awaits further inflation and jobs data and more clarity on the economic impact of President Donald Trump’s policies before deciding whether to cut borrowing costs again. CBC | World News
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Trump offers buyouts to U.S. federal workers as judge blocks his grants, loans freeze
The White House began offering buyouts worth seven months of salary to all federal employees who opt to leave their jobs. The move is the latest effort to overhaul the U.S. government by Trump, whose recent proposal to pause federal grants and loans was blocked by a federal judge. CBC | World News
Read More »Trump administration directs all federal diversity, equity and inclusion employees be put on leave
U.S. President Donald Trump’s administration moved Tuesday to end affirmative action in federal contracting and directed that all federal diversity, equity and inclusion staff be put on paid leave and eventually be laid off. CBC | World News
Read More »Luigi Mangione extradited to New York to face federal murder, stalking charges
CBC | World News
Read More »U.S. Federal Reserve cuts interest rates by another quarter point
The Federal Reserve cut its key interest rate Wednesday by a quarter-point — its third cut this year — but also signalled that it expects to reduce rates next year more slowly than previously thought, with inflation still well above the central bank’s two per cent target. CBC | World News
Read More »Unidentified New Jersey drone reports consume lawmakers at state, federal levels
A U.S. senator has called for mysterious drones spotted flying over sensitive areas in New Jersey and other parts of the mid-Atlantic region to be “shot down, if necessary,” as lawmakers at all levels of government contend with a rash of reports of unknown craft in the sky. CBC | World News
Read More »Former Abercrombie & Fitch CEO Mike Jeffries faces federal sex trafficking charges
Former Abercrombie & Fitch CEO Mike Jeffries, his romantic partner and a third man were arrested Tuesday on charges of luring men into sex parties held around the world, sometimes by dangling the promise of modeling for the clothing retailer. CBC | World News
Read More »Former Abercrombie & Fitch CEO Mike Jeffries faces federal sex trafficking charges
Former Abercrombie & Fitch CEO Mike Jeffries, his romantic partner and a third man were arrested Tuesday on charges of luring men into sex parties held around the world, sometimes by dangling the promise of modeling for the clothing retailer. CBC | World News
Read More »Federal government plans to warn foreign ambassadors not to interfere in next election
The federal government plans to convene a meeting of foreign ambassadors next month to warn them not to interfere in the next election. CBC | World News
Read More »New York City Mayor Eric Adams indicted on federal criminal charges, sources say
New York City Mayor Eric Adams has been indicted by a grand jury on federal criminal charges, according to two people familiar with the matter. CBC | World News
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