Donald Trump said the US federal government will shut down if the debt ceiling is not eliminated or extended, ABC News journalist Jonathan Karl said in a post on X, citing comments from a conversation with the president-elect. “If we don’t get it, then we’re going to...

Hospitalized patient was exposed to sick and dead birds California declares state of emergency to respond to outbreak A Louisiana resident has been hospitalized with bird flu, marking the first severe human case of avian influenza in the US, while California declared...

The Federal Reserve reduced interest rates by a quarter percentage point Wednesday and scaled back the number of cuts it expects to make next year. In a split vote, the central bank voted to reduce its benchmark interest rate by 25 basis points to a new range of...

The US Defense Department denied its involvement in the mysterious drone activity that’s confounded officials in New York and New Jersey, prompting skepticism among some local leaders. Major General Pat Ryder told reporters Tuesday that none of the drones spotted in...

Stimulus has boosted wealth after property crisis, crackdowns The nation’s richest person changed a record number of times China’s billionaires are slowly starting to recover their wealth after three years of losses from a property crisis and Xi Jinping’s push for...

Bloomberg survey shows price gauges backing away from Fed goal Three rate cuts seen in 2025 as core inflation averages 2.5% Economists raised their projections for US inflation next year on tariff concerns and now expect one less interest-rate cut from the Federal...