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WASHINGTON — In a surprise move, the Federal Reserve cut its benchmark interest rate by a sizable half-percentage point in an effort to support the economy in the face of the spreading coronavirus, or COVID-19. Chairman Jerome Powell noted that COVID-19 “poses evolving risks to economic activity." According to 324
US oil surged above a barrel on Wednesday amid worries that Tropical Storm Barry could derail crude production in the Gulf of Mexico.US oil futures for August delivery settled 4.5% higher at .43, 215
White reporters were barred from attending a meeting in Savannah, Georgia, where community leaders discussed upcoming mayoral elections, the 153
UPDATE (2 PM EASTERN, WASHINGTON, D.C.): President Donald Trump and Vice President Mike Pence spoke to the media following the leaders of the Democratic Party speaking to the media Friday. The speeches were made after they all met regarding the current government shutdown.President Trump said the meeting was positive, and progress was made. He will have a group focused on the shutdown talks over the weekend.Trump went on to talk about issues at the U.S.-Mexico border, talking about someone who was shot and killed at the border and said "we don't want that happening." He said the ports of entry have great security but there is fencing and walls that stop because proper border security is still needed.People illegally entering the country go to the weakest and most unprotected parts of the border, the President explained.Children are hurt more than anyone else because of open borders, Trump said. They are the victims of people bringing them through unsafe areas, and are susceptible to attacks by coyotes.There is a lot of open space, he said he told Pelosi, Schumer and the other leaders he met with Friday.EARLIER STORY:A meeting Friday between President Donald Trump and newly powerful Democrats ended in continued stalemate as a partial government shutdown wears on. 1294
Two athletes who played in the Alliance of American Football have filed a class action lawsuit against the league, alleging the league violated a breach of contract when it abruptly folded earlier this month.The lawsuit was filed in California by Colton Schmidt, a punter for the Birmingham Iron, and Reggie Northrup, a linebacker for the Orlando Apollos.The AAF was started earlier this year with the long-term goal of becoming a viable developmental league for the NFL. The league signed former college and NFL stars and coaches, as well as players who had made a career on team practice squads.Initially, the league generated considerable buzz. Early season games 679
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