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Federal Reserve chairman Jerome Powell admitted that President Biden’s administration has failed to shrink inflation, years after Biden declared it a “top priority.” Powell made the comments during an address at a U.S.-Canada policy forum on Tuesday. He indicated that the Fed is unlikely to shift its interest rates until the inflation rate shrinks further. “More recent data shows solid …

MADISON, Wis. (AP) — Wisconsin Supreme Court justices questioned Wednesday how much power legislative committees should wield, in a case that Democratic Gov. Tony Evers brought against the Republican-controlled Legislature and that could have a major impact on how state government functions. A ruling in favor of Evers would upend decades-old practices in the Legislature and make it easier to …

Former Democratic Senator and two-term Florida Gov. Bob Graham has died at 87. Graham’s family announced the death Tuesday evening in a statement posted on X by his daughter Gwen Graham. “As a legislator, Florida’s 38th Governor, and a United States Senator, Bob Graham devoted his life to the betterment of the world around him,” the family announced. “The memorials …