When the Federal Reserve meets again in mid-December, Chair Janet Yellen said Wednesday that an interest rate hike would be a “live possibility” if the economy stays on track. Yellen described the U.S. economy as “performing well” right now, with solid growth in domestic spending. At their meeting last week, policymakers believed that the threat of global headwinds had ebbed, Yellen said. What she and others want to see is the economy growing at a strong enough pace to add jobs and push inflation toward the Fed’s 2 percent target.
President Barack Obama on Monday signed into law a bipartisan budget bill that avoids a catastrophic U.S. default and puts off the next round of fighting over federal spending and debt until after next year’s presidential and congressional elections. Obama praised the rare bipartisan cooperation behind the deal, saying that 2-year agreement that funds the government through the 2017 fiscal year.
A Spanish priest and an Italian laywoman who had served on a financial reform commission set up by Pope Francis have been arrested in the probe into yet another leak of confidential information and documents, the Vatican said Monday. A statement from the Holy See’s press office said that Vatican prosecutors on Monday upheld the arrests of the two, who had been interrogated over the weekend.
President Barack Obama has wished Rep. Paul Ryan well as Ryan assumeds the duties of House speaker. White House spokesman Josh Earnest says Obama has spoken in the past about his respect for Ryan despite significant differences they have on policy. He says Obama is hopeful they’ll be able to work together. Earnest says that with the GOP in control of Congress and with a Democrat in control of the White House, anything making it through the legislative process will have to be bipartisan. The spokesman says Obama hopes Ryan will lead the House “in that spirit and with that fact in mind.”
The attorney for a teen who was flipped backward out of her desk and tossed across a classroom says his client did suffer several injuries during her arrest. The Associated Press reports Columbia attorney Todd Rutherford told ABC’s “Good Morning America” on Wednesday that Richland County Senior Deputy Ben Fields should have been fired as soon as Sheriff Leon Lott saw the video recorded by several students at Spring Valley High School in Columbia.
A report some kids might not want their parents to see. The 2015 Nation’s Report Card shows math scores slipped for fourth and eighth graders over the last two years, and reading grades were not much better, flat for fourth graders and lower for eighth graders. Results for the National Assessment of Educational Progress or NAEP, as it’s formally known were released Wednesday. It suggests students have some work to do to get a solid grasp or mastery of their reading and math skills.
Tomorrow marks “Back to the Future” Day, the day Marty McFly traveled forward into time in the 1989 film “Back to the Future Part II.”
The film made some bold predictions about our world in the year 2015.
These included self-tying shoes, flying cars with fusion engines, and hoverboards.
The film also predicted the Chicago Cubs would win the World Series that year — “against Miami.”
The real-life Cubs have some work to do to make that happen. After losing the first two games of the National League Championship Series, they host the New York Mets in Game 3 tonight.
Hillary Clinton and Donald Trump lead their fields in brand new polls.
Clinton has 54 percent support of registered Democrats in an ABC News-Washington Post poll.
Bernie Sanders scores 23 percent, and Joe Biden has 16 percent.
Again, Biden has not officially entered the race yet.
Meanwhile, Trump leads Republicans with 27 percent in a CNN/ORC poll.
However, Ben Carson does not trail him by much at 22 percent.
Gary Neville and Ryan Giggs from Manchester United have bought a hotel, and they have invited the homeless to stay there for the winter.
The BBC reports the soccer players plan on turning the Stock Exchange building into a boutique hotel.
For now, they have granted homeless advocacy group Manchester Angels use of the building so 30 young men can have shelter.
The group also intends to bring in social services that can offer recovery programs and health care.
Websites have joined the “Dark Side” of the Force.
Tickets for the upcoming “Star Wars” movie have started selling with last night’s release of a new trailer for it.
The flood of people hoping to snag tickets has crashed purchasing platforms like Fandango and AMC Theatres.
“Star Wars: The Force Awakens” hits theaters Dec. 18.