Fed boosts benchmark rate for third time this year

WASHINGTON (AP) — The Federal Reserve is raising its key interest rate for the third time this year and foresees three additional hikes in 2018, a vote of confidence that the U.S. economy remains on solid footing 8½ years after the end of the Great Recession.

FED Yellen

  • Written by By MARTIN CRUTSINGER , AP Economics Writer

GOP tax plan trims top rate for wealthy, cuts corporate rate

WASHINGTON (AP) — A massive Republican tax package swiftly taking shape would pull down the top tax rate for wealthy Americans to 37 percent and slash the tax rate for corporations to a level slightly above what businesses and conservatives wanted.

GOP TAXES

  • Written by THE ASSOCIATED PRESS

Democrat Jones wins stunning red-state Alabama Senate upset

MONTGOMERY, Ala. (AP) — In a stunning victory aided by scandal, Democrat Doug Jones won Alabama's special Senate election, beating back history, an embattled Republican opponent and President Donald Trump, who urgently endorsed GOP rebel Roy Moore despite a litany of sexual misconduct allegations.

AL Jones

  • Written by By KIM CHANDLER and STEVE PEOPLES , Associated Press

Trump signs $700 billion military budget into law

 

WASHINGTON (AP) — President Donald Trump on Tuesday signed into law a sweeping defense policy bill that authorizes a $700 billion budget for the military, including additional spending on missile defense programs to counter North Korea's growing nuclear weapons threat.

  • Written by By DARLENE SUPERVILLE , Associated Press

Would-be suicide bomber in New York City faces court hearing

 

NEW YORK (AP) — The man accused of carrying out a bomb attack in New York City's subway system was influenced by the sermons and writings of a radical Muslim preacher, Bangladeshi officials said Wednesday in the hours before the man was expected to have his first court appearance in the U.S.

  • Written by By TOM HAYS and LARRY NEUMEISTER , Associated Press