Morning Wire Trump-Zelenskyy Talk & UPenn’s Federal Funding Paused | Afternoon Update | 3.19.25
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Mar 19, 2025 Tensions rise as Trump speaks with Zelensky about the Ukraine conflict while Putin allegedly breaks a ceasefire. Federal funding to UPenn is put on hold amid Title IX investigations. The Fed holds interest rates steady despite economic uncertainty. Meanwhile, sports and political controversies bubble up, touching on military service debates for transgender individuals and stirring reactions to Elon Musk's remarks. Get ready for a whirlwind of unfolding stories!
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Trump-Zelenskyy Call
- President Trump and Zelenskyy discussed aligning Ukraine and Russia's needs after Putin agreed to a partial ceasefire.
- Russia allegedly broke the ceasefire by attacking Ukrainian infrastructure, but Trump remains optimistic.
Israel-Gaza Conflict
- Israeli troops launched a ground operation in Gaza, the first since the end of the ceasefire with Hamas.
- The IDF aims to retake part of the key Gaza corridor and expand the buffer zone.
Federal Reserve Holds Interest Rates
- The Federal Reserve maintained its benchmark interest rate at 4.25 to 4.5 percent.
- This decision comes after three consecutive rate cuts in late 2024 due to economic uncertainty.