Latest in Bessent: Powell can serve out remainder of term as Fed chair
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California legislators return for special session to prepare for new Trump term
California state legislators returned to the state capitol Monday to kick off a special session. Gov. Gavin Newsom called the session in November to prepare for the incoming Trump administration. ...CBS News - Dec. 2 -
Kids worked overnight shifts at pork processing plant, feds find
Feds find 11 kids illegally employed for at least 4 years at Seaboard Triumph Foods facility in Sioux Falls, Iowa.CBS News - Dec. 2 -
Top Fed official warns progress on taming US inflation ‘may be stalling’
Governor Christopher Waller says he still supports a December interest rate cut barring a surprise in the economic dataFinancial Times - Dec. 2 -
Should you open a long-term CD this December?
Long-term CD accounts have been beneficial for savers in recent years. But are they still worth opening this month?CBS News - Dec. 2 -
Under Powell, the Fed Makes Monetary Policy Boring Again
The central bank no longer needs to play a prominent role in the U.S. economy, which is running more normally as the pandemic crisis recedes.Inc. - Dec. 2 -
Life term for boy who shot mum dead through door
A teenager gets a life term for murdering Lianne Gordon, who he shot in the head through her front door.BBC News - Dec. 2