government funding

The Federal Reserve has cut interest rates by half a percentage point, the first reduction since 2020, to combat inflation while avoiding a recession. Inflation remains above the Fed's target of 2%, with a projected end-of-year rate of 2.6% and additional cuts expected through 2026. Borrowers may see decreasing interest rates for loans over time, while savings account yields may also reduce. President Biden and Vice President Harris support the rate cut, while Donald Trump claims it is politically motivated. The State Department has launched an online passport renewal system for Americans. In Beirut, at least 20 people died due to walkie-talkies exploding. A government funding bill was rejected by nearly all Democrats and 14 Republicans due to concerns over noncitizen voting. The Milwaukee Brewers and New York Yankees have clinched playoff spots in MLB. In women's basketball, the Fever and Mystics will play tonight, and the Jets will host the Patriots in their first home game of the season. The first two episodes of Frasier Season 2 premiered, and Netflix released a true crime series. In 1994, the medical drama ER debuted on NBC. Kamala Harris has consistently supported abortion rights, while Donald Trump's position has shifted from pro-choice to pro-life. Students at James Madison High School raised over ,000 to buy a Jeep Wrangler for their custodian, Francis Apraku.