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Bank transfer or payment fraud losses spiked by nearly 150% over that span to $1.9 billion. The big banks that run Zelle in particular “rarely” reimburse customers duped by scammers, according to a recent Senate investigation. So Democrats in Congress are introducing new legislation that would seek to crack down on payment scams by closing loopholes in existing law. For instance, Zelle says that while customers hurt by unauthorized activity are “typically” able to get their money back, victims of scams may not. Under pressure from lawmakers, last year banks on Zelle began refunding some victims of imposter scams.
Persons: scammers, Maxine Waters, Sens, Richard Blumenthal, Elizabeth Warren, ” Blumenthal, “ Zelle, Zelle, Wells, ” Zelle, ” Ariana Duval, Duval, , ” Duval, Cameron Fowler, EWS, ” Fowler, Fowler, he’s “, Organizations: New, New York CNN, Consumers, Bank, Republican, Rep, Senate, CNN, Homeland Security, Governmental Affairs, Investigations, Blumenthal, JPMorgan, Bank of America, North Carolina Agricultural, Technical State University, PayPal, Warning, Connecticut Democrat Locations: New York, Wells Fargo, Zelle, Connecticut
Eleven years ago, in 2013, Holder said that Mohammed and his associates would have been “on death row as we speak” had the case gone to federal court as he proposed. But he blamed Congress for blocking a federal trial that would have resulted in swifter justice. They were dealt a bad hand by the political hacks and those who lost faith in our justice system,” Holder said in a statement to NBC News on Thursday. “If my decision to try KSM and his confederates in the tested and effective federal court system had been followed they would be nothing more than a memory today,” Holder said. Sen. Richard Blumenthal, D-Conn., said he’s “long advocated that our federal court system is perfectly capable of conducting this kind of trial” and was well-suited to handling serious crimes.
Persons: Eric Holder, , Holder, ” Khalid Sheikh Mohammed, Walid Muhammad Salih Mubarak Bin ‘ Attash, Mustafa Ahmed Adam al, General Holder, Mohammed, ” Holder, KSM, , ” Eric Holder, Chip Somodevilla, Rudy Giuliani —, Donald Trump’s, , Giuliani, Tsarnaev, William Barr, Trump, George H.W, George H.W . Bush, hadn’t, ” Barr, he’d, he’s, Barr, Alexanda Amon Kotey, Joe Biden’s, Mitch McConnell, McConnell, Sen, Chris Coons, doesn’t, ” Coons, Richard Blumenthal, Conn, “ I’ve, ” Sen, Chris Van Hollen, Biden, Thom Tillis, I’m, ” Tillis, Barack Obama, Hillary Clinton Organizations: WASHINGTON, Guantanamo, Pentagon, CIA, NBC, New York City, Prisons, Boston Marathon, Rockies, Republican, Trump, Justice Department, Islamic State, White, NBC News, House Locations: United States, Guantanamo, Manhattan, Guantanamo Bay, Cuba, America, Pakistan, Caribbean, ADMAX Florence, Colorado, , George H.W ., ADMAX, Florence, Ky
In today’s edition, we report on how Vice President Kamala Harris' search for a running mate is nearing the finish line. Harris' VP search nears the endBy Yamiche Alcindor, Julie Tsirkin and Rebecca ShabadThe vetting team for Vice President Kamala Harris has met with six potential running mates as her selection process nears its end, two sources familiar with the campaign said. Shapiro met with Harris’ vetting team on Wednesday, according to a source familiar with the meeting. The vice president was not present, the source said. Read more →The Democratic National Committee’s virtual roll call to officially nominate Harris for president began at 9 a.m.
Persons: Kamala Harris, Jonathan Allen, Donald Trump, Harris, Yamiche Alcindor, Julie Tsirkin, Rebecca Shabad, Andy Beshear, Pete Buttigieg Arizona Sen, Mark Kelly Illinois, JB Pritzker, Josh Shapiro Minnesota, Tim Walz, Joe Biden, Shapiro, Manuel Bonder, ” Bonder, Kelly, ” Pritzker, Walz, “ I’m, ” Walz, Read, Allan Smith, , hasn’t, Ohio Sen, JD Vance, Kamala Harris ’, Trump, ” That’s, , Scott Olson, Vance, Joe Biden —, Archie Bunker, Harris doesn’t, that’s, , Sen, Rea, sid e nt began, m. E, mary day in Organizations: NBC, White House, Capitol, Mark Kelly Illinois Gov, Hamptons, PAC, NBC News, Democratic, National Association of Black Journalists, GOP, , Trump, SC O Locations: Kentucky, Philadelphia, Wisconsin, Detroit, Raleigh , North Carolina, Phoenix, Las Vegas, Savannah , Georgia, Israel, Gaza, Chicago, Indian American, Michigan , Wisconsin , Pennsylvania, Arizona, Georgia,
Senate Rejects Bipartisan Tax Deal
  + stars: | 2024-08-01 | by ( Andrew Duehren | ) www.nytimes.com   time to read: +1 min
The Senate rejected a bill on Thursday that would have restored lapsed tax breaks for businesses and expanded the child tax credit, as many Republicans in the chamber lined up against the bipartisan deal in hopes of gaining an advantage in bigger tax legislation expected next year. It soared through the House earlier this year with broad bipartisan support, a rare feat. Business groups loved it and hoped Congress would again allow companies to immediately deduct the full cost of capital investments and research expenses from their tax bills. Republicans senators worried that the bill’s expansion of the child tax credit veered into creating a new welfare program, stalling the legislation. Mr. Schumer also ultimately voted against the bill, a decision that allows him to potentially bring it back up for another vote.
Persons: Jason Smith, Ron Wyden, , Chuck Schumer, Joe Manchin III, West, Bernie Sanders, Vermont —, Schumer Organizations: Republican, Democrat, Finance, Senate, New York Democrat, Republicans, Democrats Locations: Missouri, Oregon, West Virginia, Vermont
Vance's campaign has been careful to point out that his comments about childless adults are aimed Democratic leaders. Advertisement"You go on Twitter and almost always the people who are most deranged and most psychotic are people who don't have kids," Vance said. AdvertisementJust two days later, Vance went on "Tucker Carlson Tonight" and made the comment about "childless cat ladies." Rather than walk back his comments, Vance attempted to profit off of them. Unknowingly addressing his future political opponent, Vance said, "If you want to brainwash children, have your own kids to brainwash."
Persons: , JD Vance, — he's, Trumper, MAGA, Vance didn't, Vance, dotting, he's, Taylor Van Kirk, Tucker Carlson, We've, sociopaths, they're, Breitbart, Kamala Harrises, Megyn Kelly, Kamala Harris, hasn't Organizations: Service, Democratic, American Conservative, Business, Twitter, Senate, Washington Post, FOX, Intercollegiate Studies Institute, Breitbart News, Yale Law School, CNN Locations: millennials
Washington CNN —Senate Republicans on Thursday blocked a bipartisan tax package that would have temporarily expanded the child tax credit and restored some business tax benefits. The Senate tax bill vote also gave Democrats an opportunity to push back against comments from Republican vice presidential candidate Sen. JD Vance of Ohio. Vance has falsely claimed that Vice President Kamala Harris, the presumptive Democratic presidential nominee, is calling to end the child tax credit. Harris has actually called for years to increase the child tax credit. “Democrats do not oppose the Child Tax Credit whatsoever.
Persons: , Sen, JD Vance, Ohio, Vance, Kamala Harris, Harris, Chuck Schumer, , Ohio –, ” Schumer, Jason Smith, Ron Wyden, CNN’s Daniel Dale Organizations: Washington CNN —, Republican, Republicans, GOP, Democratic, Tax, Budget, Center, Oregon Democrat, Taxation Locations: Ohio, Missouri, Oregon, East Palestine , Ohio
Ms. Harris told The Washington Post in 2019 that she had long been comfortable with her racial identity. Ms. Harris joined Alpha Kappa Alpha, a sorority for Black women, at Howard University, a historically Black university. Ms. Harris failed California’s bar exam on her first attempt in July 1989, according to her autobiography, and received a letter in November that she had failed, “to my utter devastation.” While she did not address her subsequent exams in the book, Ms. Harris was admitted to the bar in June 1990. Mr. Trump is taking outsize credit. It is also worth noting that Mr. Trump did not request the increased funding that the schools received.
Persons: Donald J, Trump, Kamala Harris, Harris, Abraham Lincoln, Said, I’ve, , Ms, , Obama ”, ” Mr, Harris’s, Said “, California’s, , Lyndon B, Johnson, Biden Organizations: Wednesday, National Association of Black Journalists Convention, National Association of Black Journalists, Washington Post, Indian American, Alpha Kappa Alpha, Howard University, Black Law, Association, University of California Hasting College of Law, Los Angeles Times, San Francisco Examiner, San, H.B.C.U.s, Democrats, Democratic, Republicans, Civil, Mr, Black Americans, Congressional Research Service, The New York Times, of Labor Statistics, New York Times Locations: Chicago, Indian American, California, San Francisco, American, Black, Los Angeles, Asian, The California,
National polls showed that Trump was in the best position of any Republican presidential hopeful in more than two decades. Related stories"He did crap the bed today," Republican political strategist Scott Jennings said of Trump on CNN last night. And if the old headline wasn't enough, Trump on Thursday morning posted an old photo of Harris showing her "Indian heritage." There's a reason in the closing days of the 2016 campaign, Trump had to tell himself out loud to "stay" on message. AdvertisementDespite his age, many have hoped that Trump would grow and change, only to learn rather quickly that he will not.
Persons: Donald Trump, Trump, Joe Biden, Mitch McConnell, Ron DeSantis, Nikki Haley, Kamala Harris, Harris, Scott Jennings, Obama wasn't, Dave Weigel, tb1cQdHOGT — Kathryn Watson, Sen, JD Vance, Ohio, John McCain, Corey Lewandowski, Trump's, Brad Parscale, Biden Organizations: Service, Democratic Party, Business, Florida Gov, Republican, Trump, CNN, Nixon Justice Department, Senate, Gold Star, Charlottesville Locations: Florida, North Carolina, Iowa
“Tonight, I stand before you ready to work, ready to meet the voters, ready to mobilize voters, and ready to tell Tennesseans the stakes in this election,” Ms. Johnson told supporters gathered in Memphis, including Mr. Pearson. “I have never felt more ready to fight for Tennessee.”Ms. Blackburn swatted away a long-shot Republican primary challenge from a former Statehouse staff member, Tres Wittum. Ms. Blackburn, the first woman elected to represent Tennessee in the Senate, is widely favored to keep her seat. At the Republican National Convention last month, she confronted Kimberly A. Cheatle, the Secret Service director who has since resigned, over the security failures that led up to an assassination attempt against Mr. Trump. “I’m going to continue to work hard on the issues Tennesseans care about,” Ms. Blackburn said in a video posted on social media minutes after The Associated Press called the race.
Persons: ” Ms, Johnson, Pearson, , Blackburn swatted, Wittum, Ms, Blackburn, Donald J, Trump, Kimberly A, “ I’m Organizations: Tennessee, Statehouse, Republican, Convention, Secret Service, Mr, Associated Press Locations: Memphis, Tennessee
Senate Republicans on Thursday blocked legislation that would have expanded the child tax credit, a key tax break for millions of families. He said that Senate Republicans have concerns about the policy, but are willing to negotiate a "child tax credit solution that a majority of Republicans can support." If enacted, the bill would have improved access to the child tax credit and retroactively boosted the refundable portion for 2023, which could have triggered refund checks from the IRS. Eligible families could have seen an average tax cut of $680 for 2023 taxes, based on estimates from the Urban-Brookings Tax Policy Center. But expanding the child tax credit is still a "top priority for Democrats," particularly as the 2025 tax cliff approaches, he said.
Persons: Chuck Schumer, Mike Crapo, Harris, Joe Manchin, Bernie Sanders, Chuck Marr Organizations: Republicans, Senate Finance, Finance, Fed, Budget, Urban, Brookings Tax, House Republicans, Center Locations: Idaho, Sens
Tennessee Primary Election Results
  + stars: | 2024-08-01 | by ( ) www.nytimes.com   time to read: 1 min
U.S. SenateGloria Johnson, the Knoxville state representative who skyrocketed to national fame after the Tennessee legislature nearly expelled her for participating in a gun control protest on the House floor, is favored to win the Democratic primary and challenge Senator Marsha Blackburn, a deeply conservative incumbent.
Persons: Senate Gloria Johnson, Marsha Blackburn Organizations: Senate, Democratic Locations: Knoxville, Tennessee
Blake Masters lost to Abe Hamadeh in the GOP primary for Arizona's 8th congressional district. He was backed early on by Sen. JD Vance — and got a last-minute dual endorsement from Trump. It's the second election Masters has lost in two years. He was Arizona's GOP Senate nominee in 2022. The former venture capitalist, an ideological ally of Sen. JD Vance of Ohio and tech billionaire Peter Thiel, was defeated by Abe Hamadeh in a crowded GOP primary in Arizona's 8th congressional district.
Persons: Blake Masters, Abe Hamadeh, Sen, JD Vance —, Masters, , JD Vance, Peter Thiel, Donald Trump, Vance, who'd Organizations: GOP, Trump, Service, Business Locations: Ohio, Arizona's
Opinion | The Mystery of JD Vance Is Unraveling
  + stars: | 2024-07-31 | by ( Thomas B. Edsall | ) www.nytimes.com   time to read: +2 min
JD Vance embodies the pros and cons of political competition in a divided America. Vance’s reputation as defender of the globalization-battered working class can help Trump in the electorally crucial Midwest industrial belt states of Pennsylvania, Wisconsin, and Michigan. But Vance is also an absolutist on restricting abortion, the Republican’s biggest current weakness, according to polls. He has adopted Trump’s line that abortion rules should be left to the states, but his voting record is striking. In an interview with the Youngstown Ohio Vindicator, Vance contended that there was extensive fraud in 2020 including a “big-tech” conspiracy directed by Mark Zuckerberg, the chief executive of Facebook.
Persons: Vance, minuses, Donald Trump’s ‘, , Sean O’Brien, ” That’s, Trump, Tony Fabrizio, , ” Vance, Mark Zuckerberg Organizations: GZERO Media, Republican National Convention, Republican, Teamsters, Ohio Republican Senate, Trump, Youngstown Ohio Vindicator, Facebook Locations: America, Pennsylvania , Wisconsin, Michigan
“We were never asked what we’d seen or where we were from Secret Service. “Before this incident, I would have thought Secret Service is, like bulletproof. The Beaver County officials were part of a multi-jurisdictional team assisting the Secret Service for Trump’s July 13 rally. The Secret Service has not responded to questions for comment from CNN. A federal law enforcement official familiar with the matter said the Secret Service was and has been in touch with the lead for the Butler Emergency Services Unit, which oversaw the Beaver County local law enforcement officers and others that day.
Persons: Robert Rowe, Donald Trump’s, Thomas Matthew Crooks, Nate, Patrick Young, Rowe, ” Young, , we’d, Crooks, you’re, Young, Trump, Butler, ” Rowe, they’d, , Greg Nicol, Bible, Nicol Organizations: CNN, Emergency Services Unit, Service, Secret, Secret Service, Trump’s, Trump, Butler Emergency Services Unit, Beaver Locations: Pennsylvania, Beaver County, Beaver, Butler , Pennsylvania, Butler
"By the way," Vice President Kamala Harris said at an Atlanta rally on Tuesday, "don't you find some of their stuff to just be plain weird?" With Democrats eagerly resurfacing the Ohio senator's years-old comments about "childless cat ladies," Republicans are suddenly on the defensive over their party's nominee for vice president. In an attempted counterpunch, Vance himself posted a video of Vice President Kamala Harris stating her pronouns during a CNN town hall in 2019. I wish her stepchildren and Kamala Harris and her whole family the very best. But what turns off Democrats — and plenty of Republicans — is that he isn't celebrating those who are able to have families.
Persons: , JD Vance, Kamala Harris, Donald Trump's, Vance, it's, Vance wasn't, Pete Buttigieg, Alexandria Ocasio, Cortez, Tucker Carlson's, There's, haven't, Let's, Megyn Kelly, I've, she's, they've, they're, incentivized, — JD Vance, @JDVance Organizations: Service, Republicans, Business, CNN, Democratic, Transportation, Tucker Carlson's Fox, , GOP, Trump, Ohio Senate, Republican Locations: Atlanta, Ohio, Alexandria, Cortez of New York, Washington ,, New York
I didn’t know she was Black until a number of years ago when she happened to turn Black, and now she wants to be known as Black. Harris graduated in 1986 from Howard University, a historically Black institution where she was a member of a historically Black sorority. - Falsely claimed he was “protected” under the Presidential Records Act for taking official documents after his presidency. - Falsely claimed that “everybody,” including Democrats, wanted Roe v. Wade overturned and the issue of abortion policy returned to individual states. - Falsely claimed that Haris “didn’t pass” the bar exam.
Persons: Donald Trump, Kamala Harris, Harris ’, Trump, , Harris, , ” Trump’s, , ” Harris, , ‘ Mazel, Joe Biden’s, Biden, Roe, Wade, Haris “ didn’t, Four Trump, Brian Sicknick, Sicknick, ” CNN’s Andrew Kaczynski, Em Steck, Julie In Organizations: Washington CNN, Republican, National Association of Black Journalists, Democratic, Howard University, University of California, Hastings College of the, Politico, Hastings Law, San, South, Black, United States Senate, Trump, Central, Biden, Presidential, Capitol, Capitol Police, Washington Post Locations: Jamaica, India, Indian, San Francisco, American, California, Asian, Jamaican
While Michigan, Washington, Minnesota, Texas and California already had laws regulating deepfakes, Minnesota updated their law this year to require a candidate to forfeit their office or nomination if they violate the state’s deepfake laws, among other provisions. In states such as New York, New Mexico and Alabama, victims can seek a court order to stop the content. Katie Hobbs signed his proposal into law in May, along with another AI bill that requires disclosures in campaign ads. Big Tech has already taken some steps to moderate deepfake content. TikTok and Meta (the parent company of Instagram, Threads and Facebook) announced plans in recent months to label AI content, while YouTube requires creators to disclose when videos are AI-created.
Persons: deepfakes, Amy Beth Cyphert, Cyphert, Alexander Kolodin, Kolodin, it’s, , Katie Hobbs, Robert Weissman, Chuck Schumer, Sen, Mitch McConnell, Weissman, Sean Cooksey, It’s, Jessica Rosenworcel, ” Jonathan Uriarte, there’s, Dar’shun Kendrick, “ there’s, ” Kendrick, Alex Curtas, CNN’s Oliver Darcy, Sean Lyngaas, Donie O’Sullivan, Yahya Abou, Ghazala Organizations: CNN, Republican, Democrat, Department of Homeland Security, West Virginia University’s College of Law, ” Arizona Democratic Gov, Big Tech, Meta, YouTube, Swift, Public Citizen, House, Federal, Commission, Federal Communication Commission, FCC, . State Locations: Florida, Hawaii , New York , Idaho , Indiana, New Mexico , Oregon , Utah , Wisconsin , Alabama, Arizona, Colorado, Michigan, Washington , Minnesota , Texas, California, deepfakes, Minnesota, New York, New Mexico, Alabama, Florida , Mississippi, Utah, Wisconsin, Oregon and Mississippi, statehouses, robocalls, Georgia, . Arizona
London CNN —Entertaining the King of England is an expensive business, France is finding out. A sumptuous lobster dinner held to welcome Britain’s King Charles III to Paris last September cost the French president’s office nearly €475,000 ($515,000), according to accounts published on Monday by France’s public auditor. The state dinner included outlays of more than €166,000 ($180,000) for catering and €42,000 ($46,000) for drinks, on top of other costs including furniture, flowers and table decorations. King Charles and his wife, Queen Camilla, attended the banquet as part of a three-day state visit to France, which had been postponed from earlier in 2023 because of widespread protests over Macron’s pension reforms. During the trip, King Charles praised the “indispensable relationship” between the UK and its neighbor in a historic speech to the French senate chamber.
Persons: Britain’s King Charles III, King Charles, Queen Camilla, Mick Jagger, Hugh Grant, Arsene Wenger, , Narendra Modi Organizations: London CNN, Paris, European Union, Indian, France Locations: England, France, of Versailles, French, Versailles, Louvre
Families for some of the 346 people killed in two fatal Boeing 737 Max crashes said on Wednesday a U.S. judge should reject the planemaker's proposed plea deal with the Justice Department and the government should seek a much higher fine. Spokespeople for Boeing and the Justice Department did not immediately comment on the families' filings. The DOJ told Boeing earlier this month it could accept a settlement that branded the planemaker a felon or fight the charge in court. The Justice Department has a separate criminal probe ongoing into the Alaska Airlines jet that was missing four key bolts. The company's board -- including new CEO -- must meet with the victims' families within four months of sentencing.
Persons: Nadia Milleron, Samya Stumo, Dennis Muilenburg, Hart, Paul Cassell, Cassell, Adrian Vuckovich, Max Organizations: Ethiopian Airlines, Boeing, Senate Commerce, Science, Justice Department, DOJ, The, Department, Alaska Airlines Locations: Indonesia, Ethiopia
Read previewThe nation's central bank didn't give interest rate relief to Americans — yet. On Wednesday, the Federal Open Market Committee announced it would be leaving interest rates unchanged, continuing the pause that began last fall. And with the labor market slowing down while avoiding a recession, the Fed might have the evidence it needs to cut interest rates at its next meeting in September. However, predictions point to a rate cut — CME FedWatch, which estimates probabilities of interest rate changes based on the markets, showed markets think it's far more likely than not that rates will ease. Related storiesThe high interest rates have meant it's more expensive for Americans to borrow money for things like mortgages, credit cards, and auto loans.
Persons: , Jerome Powell, Powell, Michele Raneri, Donald Trump —, Trump, Elizabeth Warren, John Hickenlooper, Sheldon Whitehouse Organizations: Service, Federal, Market Committee, Business, Fed, TransUnion, Fox News, Democratic Locations: May's, Sens
While many unions were quick to endorse Ms. Harris after President Biden dropped out and gave her his backing, the U.A.W. Both Mr. Biden and Ms. Harris have ties to organized labor. Mr. Biden became the first sitting president to join a picket line when he visited striking autoworkers in Michigan last year, and Ms. Harris also joined workers during a strike against General Motors when she served in the Senate. A protest movement against Mr. Biden in Michigan’s Democratic primary earned significant support — a worrying sign for Democratic hopes of winning the state in November. The union also represents tens of thousands of graduate students and other academic workers, many of whom have been outspoken in their opposition to the war in Gaza.
Persons: Harris, Biden, Biden’s, , Mr, , Ms Organizations: Democrats, General Motors, Senate, Mr, Democratic Locations: Israel, Gaza, , Michigan
There were also the white women, in a Zoom-busting paroxysm of solidarity and angst. The speakers included two white dudes on the shortlist to be Ms. Harris’s running mate — Gov. Image The actor Joseph Gordon-Levitt joined the “White Dudes for Harris” call. (The “White Dudes for Harris” call, at the end of its three-hour 20-minute run, had brought in more than $4 million.) He had seen a link for the “White Dudes for Harris” trucker hat and wanted one.
Persons: Kamala Harris, Harris, , ” marveled Bradley Whitford, Harris’s, , Donald J, Trump, — Gov, Tim Walz, Pete Buttigieg —, Josh Groban, Lance Bass, Mark Hamill, Roy Cooper of, JB Pritzker, JD Vance, Biden, Barack Obama’s, Cena, Joseph Gordon, Levitt, Ross Morales Rocketto, ” Mr, Morales Rocketto, aren’t MAGA, Biden’s, Kamala, Harris ”, Connie Britton, Karens, Glennon Doyle, Ms, Doyle, Shannon Watts, ” Donald Trump Jr, Morales Rocketto sighed, Jeff Bridges, Buttigieg, Adam B, Schiff, California Organizations: South Asian, Wing, Democratic, Gov, Illinois, Democratic Party, YouTube, aren’t MAGA Republicans, Republican Party, Senate Locations: Minnesota, Roy Cooper of North Carolina,
Meta has agreed to pay $1.4 billion to settle a lawsuit by the state of Texas over the Facebook owner's unauthorized use of biometric data by users, Texas Attorney General Ken Paxton said Tuesday. The suit, filed by Paxton in February 2022, accused Meta of capturing and using the biometric data of millions of Texas residents — which was contained in uploaded photos and videos on Facebook — without legally required permissions. Meta will pay out the $1.4 billion to Texas over five years, the office said. "Any abuse of Texans' sensitive data will be met with the full force of the law," Paxton said. Paxton's office is continuing to press a lawsuit against Alphabet , which accuses the Google owner of illegally collecting biometric data from millions of Texans.
Persons: Mark Zuckerberg, Meta, Ken Paxton, Paxton, McKool Smith, Keller Postman Organizations: U.S, Capitol, Facebook, Texans, Meta, CNBC Locations: Washington , U.S, Texas, Meta, Harrison County
It's safe to say that Americans can count on an interest rate cut pretty soon, but probably not this week. On Wednesday, the Federal Open Market Committee will announce its next interest rate decision, and it's once again expected to hold rates steady. However, the FOMC's September meeting could finally bring Americans the relief they've been waiting for — CME FedWatch showed markets think it's all but certain the Fed will cut rates that month. Lower interest rates would make borrowing more affordable for consumers and businesses alike. "You have kept interest rates too high for too long: it is time to cut rates," they wrote.
Persons: it's, Claudia Sahm, Greg McBride, There's, Jerome Powell, Powell, Sahm, Matt Colyar, September's, Elizabeth Warren, Jacky Rosen, John Hickenlooper Organizations: Service, Federal, CME FedWatch, Business, New Century Advisors, Fed, Banking, Housing, Urban Affairs, Democratic, Moody's
Trump keeps using 'Palestinian' as an insult
  + stars: | 2024-07-30 | by ( Bryan Metzger | ) www.businessinsider.com   time to read: +3 min
But they don't like him because he's a very bad Palestinian, he's a weak one." Trump to Biden: "He's become like a Palestinian! Related stories"He's Jewish, but he's become a Palestinian," Trump said at that rally. AdvertisementAmnesty International USA Executive Director Paul O'Brien told Reuters after the debate that "to insinuate that being Palestinian is somehow a bad thing, as former President Trump did when he called President Biden Palestinian, reeks of racism and anti-Arab hatred." Reaching by Business Insider, Trump spokesman Steven Cheung brushed off the criticism.
Persons: , Donald Trump, Chuck Schumer, Trump, Benjamin Netanyahu, Sid, It's, Joe Biden's, Biden, He's, Schumer, he's, Paul O'Brien, Steven Cheung, Cheung, That's, Kamala Harris, Trump's Organizations: Service, WABC, Business, Biden, USA, Reuters, Biden Palestinian, Trump, Democratic Party, Arab, Republican Party Locations: Israel, Palestinian, Virginia, Gaza
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