News

Fed officials voted Wednesday to trim the benchmark rate by another quarter point, extending a streak of reductions aimed at supporting the job market while inflation cools. The central bank signaled it expects only one additional cut next year, suggesting concern about easing too quickly as prices remain above target. Lower borrowing costs could gradually ease pressure on mortgages, credit cards, and business loans.

The White House says the president will highlight efforts to ease the cost of living as voters voice anger over high prices. Advisers view the swing-district visit as a test of whether his affordability pitch resonates beyond his core supporters. Local officials and business owners are watching closely, hoping to hear specific plans on wages, housing, and everyday bills.

Thailand says its air force has targeted Cambodian military positions after cross-border clashes around contested temples and villages. Cambodia accuses Thailand of breaching a recently negotiated ceasefire and shelling civilian zones. Regional diplomats warn the escalation threatens wider instability in Southeast Asia and are urging both sides back to negotiations.

This happened in India’s Goa state. Emergency officials report at least two dozen deaths after the blaze swept the popular coastal venue overnight, trapping people near exits. Authorities say the cause of the fire is under investigation, and inspectors are reviewing whether safety rules were ignored. Survivors describe panic as power failed and visibility dropped, while families search hospitals and morgues for missing relatives.

Federal agents have made a breakthrough in one of the most puzzling cases from the Capitol riot, arresting a suspect they believe planted pipe bombs. ​ Authorities say the man was taken into custody in Virginia on Thursday morning, almost five years after the devices were discovered. The bombs were placed outside the Democratic and Republican National Committee buildings the night before the January 6 attack, and investigators have long said they were capable of causing serious harm.

This happened in Tennessee after votes were counted Wednesday, preserving their narrow advantage heading into next year’s fight for control. ​ Networks projected a GOP win in the special election. The margin was slimmer than earlier cycles. Certification and swearing-in are expected soon, keeping the party’s tally steady.