Fed raises key rate by a half-point in bid to tame inflation
The Federal Reserve intensified its fight against the worst inflation in 40 years by raising its benchmark interest rate by a half-percentage point Wednesday — its most aggressive move since 2000 — and signaling further large rate hikes to come.
Push to arm Ukraine putting strain on US weapons stockpile
The planes take off almost daily from Dover Air Force Base in Delaware — hulking C-17s loaded up with Javelins, Stingers, howitzers and other material being hustled to Eastern Europe to resupply Ukraine’s military in its fight against Russia.
Russia releases US Marine vet as part of prisoner exchange
Russia and the United States have carried out an unexpected prisoner exchange in a time of high tensions, trading a Marine veteran jailed by Moscow for a convicted Russian drug trafficker serving a long prison sentence in America.
Biden seeks $33B for Ukraine, signaling long-term commitment
President Joe Biden asked Congress on Thursday for $33 billion to bolster Ukraine’s fight against Russia, signaling a burgeoning and long-haul American commitment as Moscow’s invasion and the international tensions it has inflamed show no signs of receding.
Federal judge halts preparations for end of US asylum limit
A federal judge ordered a two-week halt Wednesday on the phasing out of pandemic-related restrictions on seeking asylum — and raised doubts about the Biden administration’s plan to fully lift those restrictions on May 23.
