Morning Wire Wednesday Afternoon Update | 12.14.22
Dec 14, 2022
Discover the latest developments affecting the economy, including a Federal Reserve interest rate hike. Dive into the complexities of immigration concerns in the US and UK. Also, explore the intriguing contrast between Congress's low approval ratings and the success of Senate incumbents. The show wraps up with highlights from legal decisions, social media controversies, and notable anniversaries, providing a comprehensive snapshot of current events.
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Fed Raises Interest Rates
- The Federal Reserve raised interest rates for the seventh time in 2022, reaching a 15-year high.
- This increases consumer costs and recession risks.
Government Funding Deal
- Lawmakers reached a framework agreement on a government funding bill.
- A short-term measure is needed to avoid a shutdown before the full-year bill is complete.
Grant Wahl's Cause of Death
- Journalist Grant Wahl died from a ruptured aortic aneurysm, according to an autopsy performed in New York.
- His widow, Dr. Celine Gounder, confirmed the cause of death.