Latest John Kennedy News

Facebook's currency plan gets hostile reception in Congress

Jul. 16, 2019 6:12 PM EDT

WASHINGTON (AP) — Under sharp criticism from senators, a Facebook executive on Tuesday defended the social network's ambitious plan to create a digital currency and pledged to work with regulators to achieve a system that protects the privacy of users' data. "We know we need to take the time to get this...

The Latest: Powell says tariffs, immigration slow housing

Jul. 11, 2019 11:55 AM EDT

WASHINGTON (AP) — The Latest on Federal Reserve Chairman Jerome Powell's presentation of the Fed's semi-annual monetary report to the Senate Banking Committee. (all times local): 11:40 a.m. Federal Reserve Chairman Jerome Powell says homebuilders are having a harder time building lower-cost housing because...

Acosta defends Epstein deal amid calls for his resignation

Jul. 11, 2019 7:18 AM EDT

WASHINGTON (AP) — Trying to tamp down calls for his resignation, Labor Secretary Alex Acosta on Wednesday defended his handling of a sex trafficking case involving now-jailed financier Jeffrey Epstein, insisting he got the toughest deal he could at the time. In a nearly hour-long news conference, Acosta...