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WASHINGTON — The Federal Reserve took emergency action Sunday and slashed its benchmark interest rate by a full percentage point to nearly zero and announced it would purchase more Treasury securities to encourage lending to try to offset the impact of the coronavirus outbreak. The central bank said the effects of the outbreak will weigh on economic activity in the near term and pose risks to the economic outlook. The central bank said it will keep rates at nearly zero until it feels confident the economy has weathered recent events. The Fed also said it has dropped its requirements that banks hold cash reserves in another move to encourage lending.The Fed's announcement comes after President Donald Trump badgered the the apolitical agency throughout weekend, pushing them to lower rates. Trump lauded the decision at a press conference at the White House on Sunday evening."I'm very happy," Trump said. "...you won't hear anything bad from me (about the fed) unless it's a few months from now." 1018

We are waiting for the experts to affirm what was probably an earthquake here in NEO but please tune in to the news. Dispatch is being overwhelmed with 911 calls - we don't know anymore than you do at this point.— City of Mentor (@cityofmentor) June 10, 2019 271

While you’re doing your holiday shopping, consider this – returning things we bought online is expected to cost 0 billion next year. Clothes and shoes that don’t fit or look the way we hoped account for a big chunk of that number. However, that could soon be a problem of the past. Levi Strauss 310

Two thousand Northern California residents remain under evacuation orders Friday as firefighters battle the Kincade Fire in Sonoma County.The blaze had scorched 21,900 acres as of Friday morning and destroyed at least 49 buildings, according to the California Department of Forestry and Fire Protection, also known as Cal Fire.Among the evacuees was Healdsburg resident Jason Montgomery, who sought refuge at a shelter. On Thursday night, he said, he could see the fire from his bedroom."People are bugging out because this happened two years ago and it was a pretty traumatic experience for everybody," he said, a referring to 640

We cannot stay silent as this lawless President recklessly moves us closer to yet another unnecessary war that puts innocent lives at risk at home & across the globe. Congress alone has the authority to declare war, & we must reclaim our responsibility & say no to war with Iran.— Rashida Tlaib (@RashidaTlaib) January 3, 2020 350