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Republican lawmakers are pressing forward in an effort to open an impeachment investigation into President Joe Biden. The Fed indicated its campaign of interest rate hikes is over. And gas prices are dropping all around the country. |
๐ Hey! Laura Davis here. Wednesday's news is comin' in hot. |
Democrats cry foul as GOP preps for impeachment inquiry |
House Republicans are gearing up to formally authorize their impeachment inquiry into President Joe Biden. But House Democrats are crying foul, arguing their GOP colleagues have decided impeaching the president is inevitable. |
| • | What's behind the impeachment inquiry? Republicans accuse Biden of financially benefiting from his family's foreign business dealings, but they have yet to produce evidence directly implicating the president. They say GOP investigators are continuing their inquiry against Biden as a fact-finding mission. ๐ Here's what we know. | | • | 'I have made mistakes': Defiant Hunter Biden lashes out at GOP and ignores subpoena. | | Hunter Biden, the son of President Joe Biden, speaks to the media outside the Capitol offering to publicly testify at House Republicans' request on Dec. 13, 2023 in Washington, D.C. Jack Gruber, Jack Gruber-USA TODAY |
Netanyahu vows to press ahead 'until victory' |
As combat in Gaza escalates and international outrage swells over Israel's military campaign, the country's leader vows to continue the war despite the pressure. Biden said Tuesday that "indiscriminate bombing" is causing Israel to lose international support, his sharpest criticism of Israel to date. The same day, the U.N. General Assembly voted 153- 10 in favor of a humanitarian cease-fire; the U.S. and Israel opposed the measure. Despite the first signs of discord with its main supporter, Israeli Prime Minister Benjamin Netanyahu pledged Wednesday to persist in an offensive that has killed more than 18,000 Palestinians, the Gaza health ministry says, and left parts of Gaza in ruins. ๐ Follow our live coverage. | A Palestinian drags bricks at a camp for displaced people in Rafah, in the southern Gaza Strip where most civilians have taken refuge, on Dec. 13, 2023. MAHMUD HAMS, AFP via Getty Images |
The Federal Reserve left its key short-term interest rate unchanged again Wednesday, hinted that rate hikes are likely over and forecast three cuts next year amid falling inflation and a cooling economy. That's more rate cuts than many economists expected. The decision leaves the Fed's benchmark short-term rate at a 22-year high of 5.25% to 5.5% after a flurry of increases aimed at subduing the nation's sharpest inflation spike in four decades. ๐ฐ Here's what it could mean for your wallet. |
Gas prices hit a low point |
It's not your imagination: Gas prices are dropping. The national average price for a gallon of gas is down as Tuesday's national average hit $3.137, according to AAA. That's 9 cents lower than last week's average, which makes this week's price the lowest all year. The decline comes as the cost for oil struggles to remain above $70 a barrel, AAA said last week. About the same time, OPEC+ announced voluntary production cuts for about 2 million barrels a day. ⛽️ Will the downward trend continue? Here's what to know. | | | | All four of Bridget Ziegler's colleagues on the Sarasota School Board called for her to resign on Tuesday afternoon, as did many public speakers. | | | |  | The U.N. says the plan marks a historic global first — a plan to create a road map to move away from fossil fuels. | | | | Xfinity pulled together a special team to create Taylor Swift content for the platform when the "Eras Tour" movie arrives Wednesday. | | | | The case has been closely watched because more than 200 people tied to Jan. 6, including Trump, have been charged with violating the law at issue. | | | | Four-year-old flower girl, Jolia, pauses the wedding ceremony of Kara and Luca Petriello to have them redo their first kiss to her approval. | | | | The "How I Met Your Father" actor and former Disney star loves the holidays. But as a mom, she knows it can be "a lot of pressure." Here are her tips. | | | | Doritos teams up with Empirical to create nacho cheese-flavored liquor which was made using real chips and alcohol. | | | | While Donald Trump and the GOP push for a militarized border to quell the fentanyl crisis, Native American leaders say investment is needed at home | | | | Oprah Winfrey commands attention like no other, so it makes sense her portrait unveiling ceremony at the National Portrait Gallery would be riveting. | | | | Donald Trump can't claim presidential immunity to get out of a defamation case because he didn't properly raise the defense, an appeals court ruled. | | | | | Sign up for the news you want | Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. | | | | | | |
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