The Fed is seeking to strike a delicate balance: It wants to keep rates high enough for long enough to quell inflation, but also wants to avoid keeping borrowing costs so high that it triggers a recession.
Nation & World
National and world news from the Kennebec Journal and Morning Sentinel.
Posted inNation & World
Hamas’ top political leader is killed in Iran in strike that risks triggering all-out regional war
The killing could prompt Hamas to pull out of negotiations for a cease-fire and hostage release deal.
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Posted inElection 2024, Nation & World
At Georgia rally, Harris dares Trump to ‘say it to my face’ and debate her
About a week ago, the state appeared to be slipping out of Democrats’ reach. Now that President Biden has bowed out of the race, the party is expressing new hopes.
Posted inNation & World
Investigation finds at least 973 Native American children died in U.S. government boarding schools
In their initial findings 2 yeas ago, Interior Department officials estimated more than 500 American Indian, Alaska Native and Native Hawaiian children died at the institutions.
Posted inNation & World, News
Biden urges Venezuelan authorities to release detailed presidential election voting data
In a joint statement, Biden and Brazilian President Luiz Inácio Lula da Silva said the outcome of the election, which is disputed by the opposition, ‘represents a critical moment for democracy in the hemisphere.’
Posted inNation & World
Israel carries out strike on Beirut, says it killed Hezbollah commander
Israel says it was targeting Fouad Shukur, a top Hezbollah military leader whom the U.S. blames for planning and launching the deadly 1983 Marine bombing in the Lebanese capital.
Posted inNation & World
Acting Secret Service director says he’s ‘ashamed’ after Trump assassination attempt
Ronald Rowe accepted blame for his agency’s mistakes while also criticizing local law enforcement for a communication breakdown.
Posted inHealth, Nation & World, News
More women ending pregnancies on their own, some with unsafe methods
A new study suggests that some women administered the abortion pills, others drank or used drugs and some resorted to inserting potentially harmful objects into their bodies.
Posted inBusiness, Nation & World
Stores lure back-to-school shoppers with deals and ‘buy now, pay later’ plans
Many appreciate the flexibility, but consumer advocates have expressed concerns that the growth of the payment method may ultimately leave Americans in more debt.
Posted inBusiness, Life & Culture, Nation & World
How 2 Syrians in Rome are using hummus to aid war refugees and help migrants integrate
Shaza Saker and Joumana Farho have turned their small business into a support network, all while gaining a foothold in the capital city’s gastronomic scene.