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Comparing the US Federal Reserve's views on jobs and economy

10 years 1 month ago
A comparison of the Federal Reserve's statements from its two-day meeting that ended Wednesday and its meeting July 26-27: RATE HIKE TIMING Now: The Fed "judges that the case for an increase in the federal funds rate has strengthened but decided, for the time being, to wait for further evidence of continued progress toward its objectives." Then: The statement above is new and suggests an interest rate hike could be nearing.

Senate votes to back $1 billion weapons sale to Saudi Arabia

10 years 1 month ago
The Senate on Wednesday backed the Obama administration's plan to sell more than $1 billion worth of American-made tanks and other weapons to Saudi Arabia, soundly defeating a bid to derail the deal pushed by lawmakers critical of the kingdom's role in Yemen's civil war.

Lawsuit: Transgender inmate raped at New Orleans' new jail

10 years 1 month ago
A federal lawsuit says a transgender inmate was raped by a male cellmate after being locked up last year in New Orleans' new jail — a $150 million facility that the local sheriff said would be a major factor in ending the violence that resulted in federal court oversight.
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