Federal Reserve slashes interest rate to near zero

Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee on Capitol Hill in Washington, Wednesday, Feb. 12, 2020, during a hearing on the Monetary Policy Report. (AP Photo/Susan Walsh)

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The Associated Press

March 15, 2020 - 2:16 pm

Updated March 15, 2020 - 2:18 pm

WASHINGTON — The Federal Reserve on Sunday took emergency action and slashed the short-term interest rate to near zero and eases banking rules to encourage lending.

This is a developing story. Check back for updates.

Christmas never ends at this long-running Las Vegas showroom

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November 24, 2024 - 12:09 am

The company’s annual half-off sale is almost as big a deal for Yuletide obsessives as Christmas morning itself.

For an RJ reporter, taking an Uber to F1 was an exercise in patience and delay

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Pennsylvania couple shows up in Las Vegas not knowing about F1

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November 23, 2024 - 9:07 pm

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