Federal Reserve cuts interest rates in divisive vote

EVENING REPORT EVENING REPORT Wednesday, December 10 View Online  |  Sign up © The Associated Press Fed cuts despite divides The Federal Reserve cut interest rates Wednesday in an unusually narrow vote, underscoring the divides among bank officials over the effect rate cuts will have on inflation and employment. The Federal Open Market Committee (FOMC), the panel of Fed officials responsible for setting monetary policy, dropped its baseline interest rate down to a range of 3.5 to 3.75, a reduction of 0.25 percentage points.    Read more here. CATCH UP QUICK House GOP health care package will exclude ACA subsidy extension Live updates: House sends massive defense bill to the Senate NEWS THIS AFTERNOON © The Associated Press Trump says US has seized oil tanker near Venezuela  President Trump said Wednesday that the U.S. has seized an oil tanker off the coast of Venezuela, the latest escalation in what has become an increasingly tense relationship between the two countries.   Read more. Trump: 'Imperative' that CNN be sold to new ownership  President Trump indicated he’d like to see CNN be sold off as its parent company, Warner Bros. Discovery, prepares to undergo a megamerger with either Netflix or fellow conglomerate Paramount.   Read more. Crockett leaves Democrats scrambling with Texas Senate bid  Rep. Jasmine Crockett's (D) last-minute decision to enter the Texas Senate race has turned the Democratic primary upside down and scrambled the political calculus for other members of her party in the Lone Star State.   Read more. GOP senator expects ObamaCare subsidies to expire: 'Some people's premiums are going to go up some'  Sen. Roger Marshall (R-Kan.) said Tuesday that he expects Affordable Care Act (ACA) subsidies to expire and that "some people's premiums are going to go up some."   Read more. IN OTHER NEWS © Allison Robbert Democrat sounds alarm on Hegseth's use of 'G2' to describe US-China relationship  Rep. Raja Krishnamoorthi (D-Ill.), the ranking member on the House Select Committee on the Chinese Communist Party, sent a letter to Defense Secretary Pete Hegseth on Wednesday, asking him to clarify his use of the phrase "G2" to describe the U.S. and China.   Read more. Democrats grow more bullish on midterms after string of wins  Emboldened Democrats are expanding their target lists for the House and state legislatures after a series of notable wins and overperformances on Tuesday.    Read more. Defense bill delays phaseout of 'forever chemicals' in firefighting foam   The latest version of the National Defense Authorization Act (NDAA) gives the Pentagon more time to use firefighting foam that contains "forever chemicals."   Read more. Trump pushes back on reports of discontent with Hegseth, Noem  President Trump on Wednesday said he was happy with his Cabinet and specifically downplayed reports that he was frustrated with Defense Secretary Pete Hegseth and Homeland Security Secretary Kristi Noem.   Read more. 📧 Check out Whole Hog Politics, Chris Stirewalt's newsletter looking at the American political scene. Click here to sign up & get it in your inbox. Stay Engaged Someone forward this newsletter to you? Sign up to get your own copy: TheHill.com/Evening. See you next time! Privacy Policy   |   View in Browser   |   Manage Subscriptions Sign Up for Other Newsletters   |   Unsubscribe   400 N Capitol Street NW Suite 650, Washington, DC 20001 Copyright © 1998 - 2025 Nexstar Media Inc.   |   All Rights Reserved