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Federal Reserve cuts key rate but signals higher bar for future reductions

WASHINGTON (AP) — The Federal Reserve reduced its key interest rate for the third time in a row Wednesday but signaled that it may leave rates unchanged in the coming months, a move that could attract ire from President Donald Trump, who has demanded steep reductions to borrowing costs.

In a statement released after a two-day meeting, the Fed’s rate-setting committee signaled that it may keep its rate unchanged in the coming months. And in a set of quarterly economic projections, Fed officials signaled they expect to lower rates just once next year.

Wednesday's cut... Read More

Companies offer $279 million for Gulf of Mexico drilling rights in first of 30 planned oil sales

WASHINGTON (AP) — Oil companies offered $279 million for drilling rights in the Gulf of Mexico on Wednesday in the first of 30 sales planned for the region in coming years under Republican efforts to ramp up U.S. fossil fuel production.

The sale came after President Donald Trump's administration recently announced plans to allow new drilling off Florida and California for the first time in decades. That's drawn pushback including from Republicans worried about impacts to tourism.

Wednesday's sale was mandated by the sweeping tax-and-spending bill approved by Under tha... Read More

CBS appoints Tony Dokoupil as anchor of its flagship 'CBS Evening News' broadcast

CBS News appointed Tony Dokoupil as anchor of the “CBS Evening News” on Wednesday, charging him with taking on ABC's dominant David Muir on one of the flagship shows for broadcast television.

Dokoupil, who has been part of the “CBS Mornings” team since 2019, will start his new job on Jan. 5. He replaces the anchor team of John Dickerson and Maurice DuBois, who both announced they were leaving the network in recent months.

Dokoupil is the first major hire for Bari Weiss, the Free Press founder who was appointed CBS News editor-in-chief this fall after the... Read More

Venezuela's Machado absent from Nobel ceremony but her travel to Oslo draws mixed reactions at home

CARACAS, Venezuela (AP) — Venezuelan opposition leader María Corina Machado was absent Wednesday from the ceremony in Norway in which she was to receive this year’s Nobel Peace Prize award, but confirmation that she was traveling to Europe elicited mixed feelings in her country, where many backed her precisely because she had not left her homeland.

Machado’s daughter accepted the award on her behalf in a ceremony that became a rally for democracy, and equally, an indictment of Venezuela’s government, with attendees hearing in detail documented human rights abuses carried... Read More

Pacific Northwest braces for more flooding and evacuations as another heavy storm hits

PORTLAND, Ore. (AP) — Pacific Northwest residents braced for another round of heavy rain, flooding and evacuations on Wednesday after a powerful storm clobbered the region a day earlier, swelling rivers, closing roads and prompting high water rescues.

Rivers across western Washington were rising again after a brief morning lull, the National Weather Service said, warning travelers to use caution. Major or record flooding was expected along the Skagit and Snohomish rivers north of Seattle, and overtopping of levees was possible, the National Water Center said.
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Federal Reserve cuts key rate but signals higher bar for future reductions

Companies offer $279 million for Gulf of Mexico drilling rights in first of 30 planned oil sales

CBS appoints Tony Dokoupil as anchor of its flagship 'CBS Evening News' broadcast

Venezuela's Machado absent from Nobel ceremony but her travel to Oslo draws mixed reactions at home

Pacific Northwest braces for more flooding and evacuations as another heavy storm hits

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