Tag: Washington news
White House says deals struck to cut prices of popular Medicare drugs that cost $50 billion yearly
WASHINGTON -- The Biden administration is taking a victory lap after federal officials inked deals with drug companies to lower the price for...
Top official says Federal Reserve can't risk being too late with rate cuts
WASHINGTON -- A top Federal Reserve official warned Wednesday that the Fed needs to cut its key interest rate before the job market...
Donald Trump is going to North Carolina for an economic speech. Can he stick to a clear message?
ASHEVILLE, N.C. -- ASHEVILLE, N.C. (AP) — Donald Trump will have another opportunity Wednesday to recalibrate his presidential comeback bid, this time with...
Inflation likely stayed low last month as Federal Reserve edges closer to cutting rates
WASHINGTON -- If the Federal Reserve needs any further evidence that the worst price spike in four decades is steadily easing, it's likely...
A ship in the Red Sea is attacked 3 times by suspected Yemeni rebels, including with a drone boat
DUBAI, United Arab Emirates -- A Liberian-flagged oil tanker in the Red Sea came under attack three times on Tuesday, including in an...
US wholesale inflation cooled in July in sign that price pressures are continuing to ease
WASHINGTON -- Wholesale price increases in the United States eased in July, suggesting that inflation pressures are further cooling as the Federal Reserve...