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Federal Reserve officials expect another rate hike needed this yearMost Federal Reserve officials expect that another interest rate increase will likely be needed this year to combat inflation, minutes released Wednesday from the central bank’s most recent meeting showed.

Hartford Courant22h agoWhole story →

Economy federal reserve rate hike

Senators push Trump to act swiftly on Russia sanctions to help UkraineNearly a month after President Donald Trump signed a sweeping Russian sanctions bill named after Lindsey Graham, bipartisan leadership in the Senate is urging the administration to act to help Ukraine.

Hartford Courant1d agoWhole story →

Economy Lindsey Graham russia sanctions implementation

China’s ascendant auto industry: How top Detroit 3 execs are respondingDETROIT — From robot-heavy factories to using artificial intelligence to design cars, automakers are speeding to catch up with China's lightning-fast development of low-price vehicles as the manufacturing giant's vehicle production grows rapidly and globally. Experts at the Automotive News Congress in Detroit last week warned of China's creeping…

Hartford Courant1d agoWhole story →

Security china auto industry dominance

FCC considers allowing more political robocalls before midtermsThe Federal Communications Commission considers a request to loosen rules on political robocalls, including those with AI-generated voices.

Hartford Courant1d agoWhole story →

Technology fcc robocall rule consideration

US futures slip as oil prices rise with markets awaiting Fed minutesU.S. futures are lower as oil prices tick higher and the bond market climbs ahead of the release of the Federal Reserve’s latest minutes.

Hartford Courant1d agoWhole story →

ABC, Trump FCC battle in federal court over free speech, jurisdictionA lawyer for ABC has asked a federal judge to prevent the Trump administration from conducting an unusual, early review of its broadcast licenses, likening it to a looming execution by guillotine.

Hartford Courant2d agoWhole story →

Technology fcc license review lawsuit

Arizona welcomes Taiwan representative office, rejecting China warningArizona Gov. Katie Hobbs joined Taiwanese leaders at the opening of an office in Phoenix to aid Taiwanese businesses and citizens in the region. The move on Monday comes despite warnings from the Chinese government.

Hartford Courant2d agoWhole story →

Security Katie Hobbs

Residents rally to support CT police chief as union moves to oust himThe union president pointed to more than 20 complaints filed by police officers with the state Commission on Human Rights and Opportunities and several federal lawsuits

Hartford Courant2d agoWhole story →

Economy bridgeport police chief controversy

Sen. Tillis calls his vote for Hegseth the biggest regret of my careerRepublican Sen. Thom Tillis says in a new book that his deciding vote to confirm Defense Secretary Pete Hegseth in January 2025 is the “biggest regret of my career.”

Hartford Courant3d agoWhole story →

Security Thom Tillis tillis book release

US futures edge lower under sustained pressure from bond marketsU.S. futures are falling as the bond market continues to pressure stocks ahead of the release of the Federal Reserve’s latest minutes.

Hartford Courant3d agoWhole story →

CT’s veterans cemetery is getting a major boost with nearly $600k in fundsThe Connecticut State Veterans Cemetery in Middletown is getting a major boost with nearly $600,000 in federal dollars aimed at improvements and expanded burial plots, officials said.

Hartford Courant3d agoWhole story →

Security veterans cemetery funding

Is Congress on the right track with its proposed EV tax?A bipartisan bill in Congress could add a new tax for electric vehicles just as there is a renewed push to move away from gas-powered cars. The proposed EV fee would start at $130 annually and is considered an attempt to make sure all drivers pay their fair share. The federal government collects 18.4 cents per gallon on every U.S. gasoline purchase to…

Hartford Courant5d agoWhole story →

Build ev tax proposal

Americans are using buy now, pay later more than ever. Here’s what to know if you’re one of themBy ADRIANA MORGA NEW YORK (AP) — Americans spent more than $160 billion last year using buy now, pay later plans, according to research published by Federal Reserve economists. Experts say they’re increasingly seeing people use the plans for everyday expenses like groceries, bills, transportation and, sometimes rent. “It has been very hard out there […]

Hartford Courant6d agoWhole story →

CT 'survivor mom' pushes Congress to take up kids' online safety"We need the legislation because [the companies] don't do these things on their own or unless they're forced to do it."

Hartford Courant6d agoWhole story →

Justice online safety legislation push

Rubio waives human rights restrictions to release $320 million in military aid to EgyptIn a letter sent to lawmakers, Rubio cited Egypt’s “helpful role” in the war with Iran.

Hartford Courant7d agoWhole story →

Security us egypt military aid waiver

Senate punts bill to permanently ban Chinese cars until after midterm electionsThe bipartisan bill, sponsored by Republican Sen. Bernie Moreno of Ohio and Democratic Sen. Elissa Slotkin of Michigan, aims to prevent China’s auto industry from gaining a foothold in the U.S. market.

Hartford Courant8d agoWhole story →

Economy Bernie Moreno Elissa Slotkin chinese car ban bill delay

No criminal wrongdoing in Fed building renovation but it was mismanagedThe Federal Reserve’s internal watchdog said Wednesday that the agency has broadly mismanaged an expansive building renovation project but did not find any criminal violations, as alleged by Trump administration prosecutors.

Hartford Courant8d agoWhole story →

Economy fed building renovation probe

Twin brothers who resold thousands of golf course tee times in Southern California plead guilty to tax crimesLOS ANGELES — Twin brothers who ran a controversial business that reserved and resold thousands of tee times at Southern California golf courses pleaded guilty Tuesday to federal tax crimes, admitting they failed to report income from the operation. At a court hearing in downtown Los Angeles, Se Youn "Steve" Kim pleaded guilty to filing a false tax…

Hartford Courant8d agoWhole story →

Economy tax crime guilty pleas

Senate passes college sports bill amid opposition from CT senators"After all the years I've spent working on this issue, I could never for one minute trust the NCAA to police itself," Blumenthal said in a statement after the vote.

Hartford Courant8d agoWhole story →

Culture college sports bill passage

Watchdog says Trump can’t cancel more than $800M in spending approved by CongressThe GAO says the maneuver known as a “pocket rescission” is illegal.

Hartford Courant9d agoWhole story →

Economy fiscal year budget dispute