Bessent Defends Faltering Bond Market Intervention

New York Times - Sep 15, 2026

Testifying before Congress, the Treasury secretary said that he supported giving Americans $5,000 dividends if Republicans win in November.

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Fed Raises Rates in First Major Step by Warsh to Contain Inflation

Sep 17, 2026

Fed Raises Rates in First Major Step by Warsh to Contain Inflation

The Federal Reserve’s first increase to interest rates since July 2023 comes less than two months before the midterm elections.

Peter Navarro says Fed's rate raise is 'a bad decision'

Sep 17, 2026

Peter Navarro says Fed's rate raise is 'a bad decision'

White House adviser Peter Navarro on Wednesday blasted the Federal Reserve's move to raise interest rates in several years, calling it "a bad decision." The central bank’s Federal Open Market Committee (FOMC), led by Fed Chair Kevin Warsh, voted unanimously to increase the central bank’s benchmark interest rate to a range of 3.75 percent to 4 percent. Warsh...

Trump’s Latest Threats Loom Over Fed’s Interest Rate Decision

Sep 17, 2026

Trump’s Latest Threats Loom Over Fed’s Interest Rate Decision

This month, the president threatened to halt a broad swath of trade if interest rates were not cut, a possibility he resurfaced on Wednesday.

Trump blames Fed board, not Warsh, for rate hikes

Sep 16, 2026

Trump blames Fed board, not Warsh, for rate hikes

President Trump on Wednesday praised Federal Reserve Chair Kevin Warsh, blaming the board instead for the interest rate increase. “I'm relying on Kevin, but he's got a very tough board,” Trump told reporters after landing in North Carolina. “He's got a board that was put there by a lot of other people.” “I told Kevin,...

Trump donor Harold Hamm's oil company announces Venezuela deal

Sep 16, 2026

Trump donor Harold Hamm's oil company announces Venezuela deal

Trump donor Harold Hamm’s oil company Continental Resources announced a deal Wednesday to drill in Venezuela. Continental signed a memorandum of understanding with Venezuela’s state-run oil company that would allow it to operate in a 126,000 acre-area of the oil-rich Orinoco Belt, according to a press release. "Continental was built to recognize great resource opportunities and...

Warsh says Fed cares 'very much' about AI developments

Sep 16, 2026

Warsh says Fed cares 'very much' about AI developments

Federal Reserve Chair Kevin Warsh said Wednesday the central bank is keeping tabs on rapidly developing artificial intelligence (AI) models. “We care very much about what's happening in artificial intelligence,” Warsh told reporters, after the Federal Open Market Committee raised interest rates by a quarter point. The Fed chair noted he is interested in how...

Trump offers fiery response to Federal Reserve rate hike

Sep 16, 2026

Trump offers fiery response to Federal Reserve rate hike

President Trump offered a fiery response to the Federal Reserve’s decision to hike interest rates on Wednesday, demanding instead that rates be drastically lowered quickly.  "Interest Rates in the United States should be 1%, or less, because we are the Best Credit in the World — BY FAR. Our Country is BOOMING with new Investment!”...

Football fixtures and results

Sep 16, 2026

Football fixtures and results

Catch up with all the week’s football fixtures and results here.

Takeaways From the Fed’s Decision to Raise Interest Rates

Sep 16, 2026

Takeaways From the Fed’s Decision to Raise Interest Rates

Kevin M. Warsh, the Federal Reserve chairman, said the bank acted to fight inflation that ‘is too high and has been for too long.’

Why the Fed Might Raise Interest Rates When Borrowing Costs Are Surging

Sep 16, 2026

Why the Fed Might Raise Interest Rates When Borrowing Costs Are Surging

Elevated interest rates have raised the cost of mortgages and car loans without dampening consumer spending.

Zuckerberg: AI companies incentivized toward safety

Sep 16, 2026

Zuckerberg: AI companies incentivized toward safety

Meta CEO Mark Zuckerberg on Tuesday argued that artificial intelligence (AI) companies are incentivized toward safety when it comes to the timing of crafting their models and that external pressure is not needed to keep to that timeline. “Every lab has the responsibility and incentive to move at the pace required to train its models...

Promotion-chasing Kent on the verge of victory

Sep 16, 2026

Promotion-chasing Kent on the verge of victory

Kent are closing in on victory in their Rothesay County Championship clash with Lancashire at Canterbury.

Fed hikes interest rates by quarter point

Sep 16, 2026

Fed hikes interest rates by quarter point

The Federal Reserve raised interest rates Wednesday for the first time in several years in the face of stubborn inflation. The central bank's Federal Open Market Committee (FOMC), under Fed Chair Kevin Warsh, voted unanimously to increase the central bank's benchmark interest rate to a range of 3.75 percent to 4 percent. It marks the...

Vance to AI leaders: 'If you're building Frankenstein, stop'

Sep 16, 2026

Vance to AI leaders: 'If you're building Frankenstein, stop'

Vice President Vance weighed in on the ongoing AI safety debate Tuesday, pressing those behind the technology to be careful. “The president, I think, is very rightly asking the question, why is it that the people who are at the frontier of the AI economy are throwing up their hands and saying, 'Well, we've built...

Minneapolis driverless car ordinance would require human monitors

Sep 16, 2026

Minneapolis driverless car ordinance would require human monitors

The proposal would require autonomous vehicle companies to put a paid "safety monitor" in the driver's seat of every car.

Amazon increases minimum starting pay, adds new discount for employees

Sep 16, 2026

Amazon increases minimum starting pay, adds new discount for employees

The move bumps the company's average hourly wage to almost $24 an hour.

EU chief wants Canada as bloc's first associate member

Sep 16, 2026

EU chief wants Canada as bloc's first associate member

European Commission President Ursula von der Leyen said Wednesday she wants Canada to join the European Union as an associate member, as the North American nation is embroiled in a trade war with the U.S. “I would like to work with you on opening the door for Canada to being the first associate member of...

Federal employees were paid nearly $7B not to work under DOGE effort: GAO

Sep 16, 2026

Federal employees were paid nearly $7B not to work under DOGE effort: GAO

The Trump administration paid outgoing employees an estimated nearly $7 billion to not work as it encouraged them to leave the federal service, a government watchdog found in a Tuesday report. Federal workers' use of paid leave increased 435 percent under the first two years of the Trump administration, a dynamic the Government Accountability Office...

Warsh under pressure as Fed considers rate hike

Sep 16, 2026

Warsh under pressure as Fed considers rate hike

Federal Reserve Chair Kevin Warsh finds himself in a tricky position as the central bank commences its September meeting, as rising expectations of an interest rate hike clash with President Trump’s demands for cuts. Warsh gave himself wiggle room for a rate hike in late August, saying the central bank had “work to do” if underlying inflation was not moving toward its 2 percent target. But Trump, who...

More to come for Gillingham Fan Zone after successful opening

Sep 16, 2026

More to come for Gillingham Fan Zone after successful opening

More than 750 supporters checked out Gillingham’s new Fan Zone on Saturday as the club looks to enhance the matchday experience at Priestfield.

Benchmark bond yield reaches highest level in nearly 20 years

Sep 15, 2026

Benchmark bond yield reaches highest level in nearly 20 years

The yield on the 10-year U.S. Treasury bond reached its highest point since before the 2008 financial crisis on Tuesday, portending increased borrowing costs for millions of Americans. The 10-year Treasury bond yield peaked at 5.041 percent Tuesday morning, the note’s highest intraday mark since July 2007. The note closed at above 5 percent for...

Bessent grilled on AI, bond market in tense House hearing: 3 takeaways

Sep 15, 2026

Bessent grilled on AI, bond market in tense House hearing: 3 takeaways

Treasury Secretary Scott Bessent faced lawmakers on the House Financial Services Committee on Tuesday, amid concerns over rapidly developing artificial intelligence (AI) and surging bond yields. During the nearly three-hour-long hearing, Bessent brushed off concerns about AI and defended his department’s intervention in the bond market. But that did not stop Democrats on the panel from taking him to task on...

Poverty Rate Was Stable Before Trump’s Safety Net Cuts Gained Force

Sep 15, 2026

Poverty Rate Was Stable Before Trump’s Safety Net Cuts Gained Force

Median household income rose to a record $87,460 in 2025, according to annual Census Bureau data on the financial well-being of Americans.

Gillingham youngsters fall to four-goal Birmingham defeat

Sep 15, 2026

Gillingham youngsters fall to four-goal Birmingham defeat

Gillingham were beaten at home by a ruthless Birmingham City Academy side on Tuesday night in the Premier League Under-21 Cup.

'Real Housewives of Salt Lake City' star says show to feature her Capitol Hill advocacy work

Sep 15, 2026

'Real Housewives of Salt Lake City' star says show to feature her Capitol Hill advocacy work

Capitol Hill could soon be playing a supporting role on "The Real Housewives of Salt Lake City," after one of its stars, Angie Katsanevas, says she filmed some of her advocacy work in the nation's capital for the show. "We did film some [of the time] that I spent here in D.C. working with the...

Crypto bill falls short in early hurdle on Senate floor 

Sep 15, 2026

Crypto bill falls short in early hurdle on Senate floor 

A cryptocurrency regulation bill failed to advance on the Senate floor Tuesday, after all Democrats and a few Republicans blocked a procedural vote. The Senate voted 49-50 on a motion to proceed with consideration of the Clarity Act, failing to reach the required 60-vote threshold. It marks a major setback for the industry, which has long pushed for the measure setting up a regulatory...

Wickets tumble - but Crawley hits unbeaten half-century

Sep 15, 2026

Wickets tumble - but Crawley hits unbeaten half-century

An incredible 17 wickets fell as it proved a day to forget for the batsmen during Kent’s County Championship match with Lancashire at Canterbury.

Dem rep asks Bessent to 'talk sense' into Trump on regulating AI

Sep 15, 2026

Dem rep asks Bessent to 'talk sense' into Trump on regulating AI

Democratic Rep. Stephen Lynch (Mass.) on Tuesday urged Treasury Secretary Scott Bessent to convince President Trump to reverse course on regulating artificial intelligence (AI). During Bessent’s appearance before the House Financial Services Committee, Lynch said Trump does not have “a grasp” of “what we’re dealing with” regarding AI. “I’ll be honest, I don’t think the...

'This is a jobs bill': Jon Voight, film industry leaders make push for federal tax credit

Sep 15, 2026

'This is a jobs bill': Jon Voight, film industry leaders make push for federal tax credit

Jon Voight is joining a bipartisan group of lawmakers touting the need for a federal film and TV production tax credit, saying a new report shows such an incentive would "level the playing field and bring jobs back to our country." The "Deliverance" star, whom President Trump named last year as one of his "special ambassadors" to...

Abbott agrees to settle DOJ lawsuit over baby formula plant contamination

Sep 15, 2026

Abbott agrees to settle DOJ lawsuit over baby formula plant contamination

Abbott Laboratories will pay $385 million to settle allegation related to how it operated a manufacturing plant tied to contaminated powdered baby formula suspected of causing infant deaths. Contamination led to the nation's largest formula facility being shuttered temporarily in 2022, triggering a recall of several infant formula brands, including Similac, exacerbating existing supply chain...

Waters has heated exchange with Bessent on AI

Sep 15, 2026

Waters has heated exchange with Bessent on AI

Rep. Maxine Waters (D-Calif.) went after Treasury Secretary Scott Bessent on Tuesday for the Trump administration’s policy on artificial intelligence, as warnings about the technology percolate. During Bessent’s appearance before the House Financial Services Committee, Waters said President Trump is “blindly” pushing for the development of AI models and data centers “with absolutely no safeguards.”...

Federal Reserve is expected to raise its benchmark rate, defying Trump's demands

Sep 15, 2026

Federal Reserve is expected to raise its benchmark rate, defying Trump's demands

WASHINGTON (AP) — The Federal Reserve is widely expected to lift its short-term interest rate Wednesday for the first time in three years to fight stubbornly high inflation, a move that would put the central bank at odds with President Donald Trump's support for a cut. A quarter-point increase in the Fed's rate, currently about...

‘I’m not going to miss out’ – Ainsworth reveals Gillingham’s cup plan

Sep 15, 2026

‘I’m not going to miss out’ – Ainsworth reveals Gillingham’s cup plan

Gillingham’s manager wants to use Tuesday night’s Premier League Under-21 Cup clash to give some of his returning senior players valuable game-time.

Target opening new stores soon, with dozens more 'upcoming'

Sep 15, 2026

Target opening new stores soon, with dozens more 'upcoming'

While these are expected to be the last new stores to open in 2026, dozens more are in the works.

Crypto regulation bill faces key Senate test

Sep 15, 2026

Crypto regulation bill faces key Senate test

A cryptocurrency regulation bill is poised to face a key test on the Senate floor this week, as lawmakers weigh whether to advance the measure after nearly a year of negotiations. Supporters of the Clarity Act are trying to get crypto-friendly Democrats and a handful of GOP holdouts on board to clear the procedural vote...

Russia sanctions bill passes House Rules Committee

Sep 15, 2026

Russia sanctions bill passes House Rules Committee

The House Rules Committee on Monday approved bipartisan legislation aimed at increasing sanctions on Russia amid its war in Ukraine. The bill, which the late Sen. Lindsey Graham (R-S.C.) championed, would allow President Trump to impose penalties on individuals working on behalf of the Russian government to stall peace negotiations with Ukraine, violate a negotiated...

6 takeaways as Trump takes sledgehammer to power plant climate regs

Sep 14, 2026

6 takeaways as Trump takes sledgehammer to power plant climate regs

The Trump administration on Monday gutted the rules governing the nation’s climate regulations for power plants. Here’s what you should know about the final rule from the Environmental Protection Agency (EPA): It axes most, but not all, power plant climate rules The rules, which have been announced but whose underlying text did not appear to...

Gillingham’s Ronan Hale injury update after starring in Tranmere victory

Sep 14, 2026

Gillingham’s Ronan Hale injury update after starring in Tranmere victory

Gillingham striker Ronan Hale created the opener on Saturday but went off injured after scoring the second.

Trump guts climate rules for coal and gas power plants

Sep 14, 2026

Trump guts climate rules for coal and gas power plants

The Trump administration on Monday gutted regulations that limited planet-warming emissions from coal- and gas-fired power plants. The move allows a sector that makes up a large share of the U.S.’s climate change contributions to release greenhouse gases unchecked by the government. It’s expected to be a win for the fossil fuel industry, while allowing...

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