The Federal Reserve took no new action to stimulate the economy on Wednesday but signaled it stands ready to act if hiring and the overall economic outlook does not improve. Since the Fed did not move, many analysts expect it will announce a new round of so-called quantitative easing at its next meeting in September.
In the wake of mass murder, the families of victims must navigate a complicated emotional landscape. But so, too, must the families of those charged with the crimes. Among the questions such families must grapple with are troubling ones about their own responsibility.
Sequestration is on the minds of many on Capitol Hill. It's the jargony term for automatic across-the-board budget cuts scheduled to begin taking place in January if politicians cannot agree on a deal to cut the federal deficit. Half of those cuts — totaling some $500 billion — would come from defense. House Republicans are blaming the Obama administration and are demanding the Pentagon explain where it would cut. The Pentagon refuses even to plan for the cuts.
U.S. Olympic boxing team captain Jamel Herring lost his welterweight bout yesterday, but it's not the first setback he's faced — and he says he won't let his team lose its momentum in the London Olympics because of his defeat.
Campaigning in Ohio, President Obama leaned heavily on a new analysis of Mitt Romney's economic plan that concluded the Republican's proposal would mean higher taxes for middle-class families while lowering them for the superwealthy.
The call from Mike Huckabee and other conservatives to show support for the fast-food chain's president after he came under fire for his stand against same-sex marriage has been heard by many. Counter events are planned for Friday.
American swimmer Nathan Adrian's name hasn't been on everyone's mind, the way that say, Michael Phelps' or Ryan Lochte's has. But he did something that even Lochte couldn't do this week: beat Yannick Agnel in a head-to-head race.
U.S. gymnast Danell Leyva has won the bronze medal in the men's all-around competition in London. The gold was taken by Japanese star Kohei Uchimura, while the silver medal went to Marcel Nguyen of Germany.
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