Politics
All the latest news stories about politics, from elections and law-making to the subtle shifts that change our lives—and our finances
Federal Reserve Keeps Rates Steady with Notable Dissents
On July 30th, the Federal Reserve held its benchmark interest rate steady at 4.25 %–4.50 %—marking the fifth hold.
Trump Imposes 25% U.S. Tariff on Indian Imports Amid Trade Deal Stalled
President Donald Trump announced that a 25% tariff on Indian imports will take effect on August 1st.
Biden to Keep Powell as Fed Chair, Brainard Gets Vice Chair
President Joe Biden announced he’s nominating Jerome Powell for a second term as Federal Reserve chair, endorsing Powell’s stewardship of the economy through a brutal pandemic recession.
The Week's Top Stories: Biden Bills, Roblox Metaverse, and Retail Resilience
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
Jury Finds Rittenhouse Not Guilty in Kenosha Shootings
Kyle Rittenhouse has been acquitted of all charges after pleading self-defense in the deadly Kenosha, Wisconsin, shootings that became a flashpoint in the nation’s debate over guns, vigilantism and racial injustice.
Dems' Sweeping Social, Climate Bill Passes Divided House
A sharply divided House has approved the Democrats’ sweeping social and environment bill, a big victory for President Joe Biden.
Rare First Printing of U.S. Constitution Sells for Record $43M
A rare first printing of the U.S. Constitution has sold at Sotheby’s in New York for $43.2 million, a record price for a document or book sold at auction.
U.S. Jobless Claims Drop Seventh Straight Week to 268,000
The number of Americans applying for unemployment benefits fell for the seventh straight week to a pandemic low of 268,000.
House Censures Rep. Gosar for Violent Video in Rare Rebuke
The House has voted to censure Republican Rep. Paul Gosar of Arizona for posting an animated video that depicted him killing Democratic Rep. Alexandria Ocasio-Cortez with a sword.
Jan. 6 Rioter Who Carried Spear, Wore Horns Gets 41 Months
Jacob Chansley, the spear-carrying Jan. 6 rioter whose horned fur hat, bare chest and face paint made him one of the more recognizable figures in the assault on the Capitol, has been sentenced to 41 months in prison.
Russia Rejects Accusations of Endangering ISS Astronauts
Russian officials on Tuesday rejected accusations that they endangered astronauts aboard the International Space Station by conducting a weapons test that created more than 1,500 pieces of space junk.
