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WASHINGTON (AP) — Inflation jumped at its fastest pace in nearly 40 years last month, a 7% spike from a year earlier that is increasing household expenses, eating into wage gains and heaping pressure on President Joe Biden and the Federal Reserve to address what has become the biggest threat to the U.S.
WASHINGTON (AP) — At first, it didn’t even register as a threat. Then it seemed like a temporary annoyance.
Now, inflation is flashing red for the Federal Reserve's policymakers — and delivering sticker shock to Americans at the used car lot, the supermarket, the gas station, the rental office.
WASHINGTON (AP) — The federal government last month posted its smallest monthly budget deficit in two years thanks to a rebounding economy that helped boost tax receipts, coupled with slower spending as some COVID relief programs ended.
WASHINGTON (AP) — Lael Brainard pledged in written remarks Wednesday to help the Federal Reserve fight a spike in inflation while still supporting the economic recovery — a tricky balancing act she would face if confirmed as the Fed's No.
WASHINGTON (AP) — The Federal Reserve said Wednesday that the economy was growing at a modest pace at the end of 2021 but was still being held back by ongoing supply-chain disruptions and labor shortages.
Wall Street capped a day of wobbly trading with modest gains for stocks Wednesday, as investors weighed the implications of the latest economic snapshot showing rising inflation.
The S&P 500 rose 0.3% after veering between a loss of 0.1% and a gain of 0.8% over the course of the day.
More than 80 fact checking organizations are calling on YouTube to address what they say is rampant misinformation on the platform.
In a letter to CEO Susan Wojcicki published Wednesday, the groups say the Google-owned video platform is “one of the major conduits of online disinformation and misinformation worldwide.”
Benjamin Whitely headed to a Safeway supermarket in Washington D.C. on Tuesday to grab some items for dinner. But he was disappointed to find the vegetable bins barren and a sparse selection of turkey, chicken and milk.
Shares of Biogen slid Wednesday, a day after federal regulators slapped coverage limitations on the drugmaker’s new Alzheimer’s disease treatment.
The Centers for Medicare and Medicaid Services said Tuesday after markets closed that patients taking Biogen’s Aduhelm will have to also participate in clinical trials to assess the drug’s effectiveness in order for Medicare to cover the cost.
ATLANTA (AP) — Delta Air Lines said Wednesday it will extend through 2023 the window for customers to rebook credits earned when they purchased but then canceled flights during the pandemic.
Before the announcement, Delta flight credits were set to expire at the end of 2022.
DALLAS (AP) — Mike Cochran, who during a nearly 40-year career with The Associated Press told the stories of Texas’ larger-than-life characters with his rich and detailed writing, and who ended up serving as a pallbearer for Lee Harvey Oswald while covering the presidential assassin's funeral, has died.
PARAMOUNT, Calif. (AP) — Gov. Gavin Newsom on Wednesday rejected claims by the sheriff of California’s most populous county that record spending on homelessness initiatives isn’t putting a dent in the problem of people living in the streets and the state isn't held accountable for where the billions of dollars go.
RICHMOND, Va. (AP) — A newly empowered Republican majority assumed control of the Virginia House of Delegates on Wednesday as the General Assembly opened its 2022 session under divided party control.
WASHINGTON (AP) — The late Sen. Harry Reid was remembered Wednesday at the U.S. Capitol as a “legendary leader,” a hardscrabble Democrat who rose from poverty in a dusty Nevada mining town to deliver landmark legislation from the Senate's most powerful position.
CHICAGO (AP) — Students in the nation's third-largest school district returned to classrooms Wednesday after Chicago Public Schools canceled five days of classes amid a standoff with the teachers' union over COVID-19 safety protocols.
RENO, Nev. (AP) — Staffing levels at Las Vegas-area hospitals remain in the worst “crisis” category for the second week in a row as Nevada’s COVID-19 positivity test rate soars to new heights and schools scramble to respond to the state's worst coronavirus surge to date.
NEW ORLEANS (AP) — A severely corroded pipeline ruptured and spilled more than 300,000 gallons (1.1 million liters) of diesel fuel just outside New Orleans after the operator delayed needed repairs, according to federal records.
WASHINGTON (AP) — The new top Republican on the House Intelligence Committee called Wednesday on President Joe Biden’s administration to ramp up military and intelligence support for Ukraine.
“I believe that the administration should be actively arming Ukraine so it can defend itself,” Rep.
NEW YORK (AP) — Prayers and the compelling need to bury the dead filled a Bronx mosque Wednesday, as a bereaved community began saying goodbye to those lost in New York City’s most devastating fire in decades.
CHARLESTON, W.Va. (AP) — West Virginia Gov. Jim Justice continued to experience moderate symptoms of COVID-19 on Wednesday, a day after he tested positive for the virus, his office said.
Despite being sick and isolating at home, Justice kept in constant communication with his staff during the day as several economic development announcements were made and his State of the State speech was delivered to lawmakers, the Republican governor's office said in a statement.
CHARLESTON, W.Va. (AP) — West Virginia Gov. Jim Justice on Wednesday proposed a $4.65 billion budget for the upcoming fiscal year that includes a previously announced pay raise for teachers and other state workers.
WASHINGTON (AP) — The United States Mint said Monday it has begun shipping quarters featuring the image of poet Maya Angelou, the first coins in its American Women Quarters Program.
Angelou, an American author, poet and Civil Rights activist, rose to prominence with the publication of “I Know Why the Caged Bird Sings” in 1969.
ANCHORAGE, Alaska (AP) — The former head of the Alaska Permanent Fund Corp. claims her firing was “political retribution” by board members appointed by Gov. Mike Dunleavy.
Dunleavy, a Republican seeking reelection, denied any involvement in Angela Rodell’s removal last month, the Anchorage Daily News reported.
SANTA FE, N.M. (AP) — New Mexico's Democratic governor is polling local politicians on their infrastructure priorities as the state decides how to dispense federal pandemic relief money and spend from a multibillion-dollar budget surplus.
JACKSON, Miss. (AP) — Mississippi would phase out its income tax, reduce the sales tax on groceries and set a higher sales tax rate on many other items, under a bill that advanced Wednesday through the state House.
MARATHON, Fla. (AP) — A segment of a 110-year-old Florida Keys bridge reopened to pedestrians and bicyclists on Wednesday following a $44 million restoration project.
Rehabilitation construction on the oft-photographed 2.2-mile (3.5-km) span of the Old Seven Mile Bridge began in late 2017.
EAST RUTHERFORD, N.J. (AP) — The low point in New York Giants co-owner John Mara’s more than 30-year association with the franchise was seeing the team's struggles in a four-win season that led to the retirement of general manager Dave Gettleman and the firing of coach Joe Judge.
TOPEKA, Kan. (AP) — Democratic Gov. Laura Kelly proposed Wednesday that Kansas put $600 million of its surplus revenue in a rainy day fund and spend nearly $1.8 billion of the excess revenue on a long list of projects.
MISSOULA, Mont. (AP) — Treacherous driving conditions due to freezing rain in western Montana caused crashes that blocked lanes on Interstate 90 both east and west of Missoula and led Missoula Public Schools to cancel classes because buses were unable to run safely.

