McCarthy leaves Biden meeting optimistic about debt talks
Speaker Kevin McCarthy (R-Calif.) on Wednesday left a meeting with President Biden signaling optimism about the chances of an agreement between the White House and Congress to avoid a government default, though neither side made any commitments. “I don’t want to put any words in his mouth. We had an hour of conversation about this that I thought was a very good discussion, and we walked out saying we would continue the discussion,” McCarthy told reporters at the White House. “And I think there is an opportunity here to come to an agreement on both sides.” McCarthy acknow
Read MoreHouse GOP advances resolution to remove Omar from Foreign Affairs panel
House Republicans advanced a resolution on Wednesday to remove Rep. Ilhan Omar (D-Minn.) from the Foreign Affairs Committee, sending the measure to the floor for debate and bringing Speaker Kevin McCarthy (R-Calif.) one step closer to fulfilling a longtime pledge. The House approved the rule, which allows the chamber to kick off debate on the measure, in a party-line 218-209 vote. The rule also pertained to a GOP-led resolution condemning socialism. It remains unclear when House Republicans will bring the Omar resolution to the floor for debate and a final vote. Democrat
Read MoreFed raises interest rates by 25 basis points in smallest hike since March
The Federal Reserve raised interest rates by 0.25 percentage points on Wednesday at its first meeting of the year, its eighth straight rate hike since it began a program of tightening borrowing costs last year in an effort to bring down inflation. It’s the smallest rate hike since last March, coming off a 50 basis point hike in December that followed four 75 basis point hikes starting last June. It will lift the federal funds rate to a range of 4.5 to 4.75 percent as the Fed pushes toward a projected target rate of 5.1 percent, which was last updated in December. The mor
Read MoreCollege Board slammed over changes to African American studies course
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Read MoreFBI finds no classified documents at Biden's Rehoboth Beach home
Federal investigators on Wednesday found no documents with classified markings during a search of President Biden’s Rehoboth Beach, Del., home, his attorney said in a statement. The FBI conducted a search of the residence from 8:30 a.m. until noon on Wednesday in cooperation with Biden’s attorneys, Bob Bauer said in a statement. “No documents with classified markings were found,” Bauer said. “Consistent with the process in Wilmington, the DOJ took for further review some materials and handwritten notes that appear to relate to his time as Vice President.” The s
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