Fed Maintains Interest Rates, Signals Patience as Inflation Cools
The Federal Reserve held key interest rates steady today, acknowledging a significant drop in inflation over the past year. Chair Jerome Powell emphasized a cautious approach, signaling that further rate cuts would depend on continued economic data showing inflation sustainably moving toward the 2% target.
Congress Narrowly Averts Government Shutdown, Passes Short-Term Funding Deal
Following intensive negotiations and facing a looming midnight deadline, the House and Senate successfully passed a temporary stopgap funding bill to keep federal agencies operational. The continuing resolution extends funding until mid-May, buying lawmakers more time to work on a longer-term budget solution.
Texas Border Standoff Escalates as State Defies Supreme Court Order
Tensions are rising at the Texas-Mexico border, where Texas state authorities, acting under Governor Greg Abbott’s orders, continue to block federal Border Patrol agents from accessing a key area, despite a recent Supreme Court ruling affirming federal jurisdiction. This high-stakes legal and political confrontation over immigration control is intensifying, with both sides refusing to back down.