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With inflation running hot, the Fed is expected to dole out some cold water
Faced with the highest inflation in nearly four decades, the Federal Reserve is expected to adjust its economic support Wednesday. That could set the stage for raising interest rates next year.
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2:35
In Spain, the Wise Men are Kings
For Christians, Wednesday night marked the Epiphany: the 12th day of Christmas, when the Wise Men or Three Kings bring presents to Jesus in Bethlehem. In Spain, it's a holiday not to be missed.
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3:55
During the winter, a few hardy souls take a dip in Vermont's Lake Champlain
Even on cold days, you'll find some brave people taking a quick dip in Lake Champlain. They call themselves the Red Hot Chilly Dippers, and they say water temperatures in the 40s are invigorating.
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3:07
Prosecutors in multiple states are investigating false Electoral College submissions
Legal experts say the illegitimate submissions should motivate Congress to update the Electoral Count Act and "firm up the guardrails" of democracy.
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2:30
Exchanging Military Life for Culinary Dreams
The transition from military veteran to successful chef seems more likely to occur on a TV sitcom than in real life. But that's the story of Phyllis Kendall, who traded her Air Force cap for a white chef's toque.
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0:00
How the late jazz great Chick Corea is being remembered — in concert
Chick Corea loved to collaborate. His former bandmates are honoring his memory with two star-studded concerts.
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5:05
President Bush Signs $286.4 Billion Transit Bill
President Bush travels to Aurora, Ill., to sign the $286.4 billion transportation bill. The bill is two years overdue and includes about 6,000 pet projects for lawmakers' home districts.
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0:00
Powell says recession 'a possibility' but not likely
Federal Reserve chairman Jerome Powell vowed to bring inflation back down to 2%. Some lawmakers worry the Fed's efforts to control inflation could tip the economy into recession.
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•
3:41
Wrongful convictions disproportionately affect Black Americans, report shows
The Exonerations Report has some disturbing numbers on the rate of exonerations. Black people represent 13.6% of the population, but account for 53% of 3,200 exonerations in the Registry as of Aug. 8.
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3:53
A change that kept people automatically enrolled in Medicaid is expiring soon
Beginning in April, a pandemic-era law that changed access to Medicaid is set to expire. Six million low-income people could lose access to health care.
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