CNN 5 Things Aid freeze reversed, Fed’s holding pattern, Starbucks changes & more
5 snips
Jan 29, 2025 The White House has reversed a concerning funding pause, impacting charities and educators. The Federal Reserve decided to keep interest rates steady despite inflation worries. Robert F. Kennedy Jr. faced scrutiny as he tried to clarify his previous vaccine skepticism. The Justice Department moved closer to resolving Trump's legal issues. Meanwhile, Starbucks is planning significant menu changes to enhance customer satisfaction amid falling sales.
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Funding Pause Reversal
- The White House reversed a federal funding pause on grants and loans after facing confusion and anxiety from charities and educators.
- This reversal follows a judge temporarily blocking part of the freeze due to a legal challenge.
Federal Reserve Holds Interest Rates
- The Federal Reserve maintained steady interest rates instead of implementing a fourth consecutive cut.
- This hold might persist through spring as inflation hasn't significantly improved, and job market concerns have lessened.
Kennedy Jr. Confirmation Hearing
- Robert F. Kennedy Jr.'s confirmation hearing involved scrutiny over past controversial comments on Lyme disease and abortion.
- Kennedy Jr. attempted to distance himself from vaccine skepticism despite prior statements linking vaccines to autism.