Federal Reserve is set to cut key rate but consumers might not feel much benefit anytime soon

WASHINGTON (AP) — Federal Reserve officials on Wednesday will likely signal a slower pace of interest rate cuts next year compared with the past few months, which would mean that Americans might enjoy only slight relief from still-high borrowing costs for mortgages, auto loans and credit cards. ...

Congress unveils funding deal with more than $100 billion in disaster aid

WASHINGTON (AP) — Congressional leaders have unveiled a stopgap spending bill that will keep the federal government funded through March 14 and provide more than $100 billion in emergency aid to help states and local communities recover from Hurricanes Helene and Milton and other natural...

Rayful Edmond, notorious DC drug kingpin, dies in federal custody at 60

WASHINGTON (AP) — Rayful Edmond, a drug kingpin once believed to control about a third of the cocaine trade in the nation’s capital during the crack epidemic of the 1980s, has died in federal custody, the Bureau of Prisons confirmed Tuesday. Edmond, 60, was known at the height of...

Democrats pick Gerry Connolly for Oversight post, rejecting Ocasio-Cortez bid

WASHINGTON (AP) — House Democrats on Tuesday picked 74-year-old Rep. Gerry Connolly to lead the party next year atop an influential congressional committee, pushing aside growing calls for generational change in leadership ahead of a second term for Donald Trump. In a closed-door...

Two-time All-Pro safety Budda Baker signs 3-year deal to stay with the Cardinals through 2027

TEMPE, Ariz. (AP) — Two-time All-Pro safety Budda Baker signed a three-year deal on Tuesday to stay with the Arizona Cardinals through the 2027 season. The 28-year-old Baker's deal is worth $54 million and includes $30 million guaranteed, according to NFL Network and ESPN. Baker...

Outgoing Washington governor suggests 'wealth tax' to avoid cuts to education and police

SEATTLE (AP) — Outgoing Washington Gov. Jay Inslee is proposing a novel tax on personal wealth above $100 million in hopes of plugging a budget shortfall and averting cuts to education, mental health services and police. The tax would apply to about 3,400 residents — Microsoft...

RFK Stadium site provision included in federal spending bill, a win for the Commanders and NFL

The Washington Commanders are another step closer to the possibility of returning to the franchise’s old home in the nation’s capital. A provision to transfer the land that is the site of the old RFK Stadium from the federal government to the District of Columbia is included in...

Federal spending bill would transfer site of RFK Stadium to DC in a step toward building new stadium for Commanders

Bucks rule Khris Middleton out of NBA Cup final because of illness

LAS VEGAS (AP) — Milwaukee Bucks guard Khris Middleton was ruled out of Tuesday night's NBA Cup final against the Oklahoma City Thunder because of illness. Middleton didn't practice on Monday, and the Bucks felt he wasn't ready to play a day later. The team is hoping he'll be ready...

Lawmakers unveil bill to fund government through March 14 and provide more than $100 billion in disaster aid