Town Hall News

By David Shepardson WASHINGTON (Reuters) -The Biden administration does not plan to extend a July 1 deadline for airlines to upgrade airplane altimeters, the measuring instruments that are crucial for bad-weather landings, to address potential interference from 5G wireless technology, Transportation Secretary Pete Buttigieg said. Buttigieg in a call on Tuesday told airlines that the deadline will not be moved. He said airlines had made progress, but urged them to […]

By Nidal al-Mughrabi and Henriette Chacar JERUSALEM/GAZA (Reuters) -Israeli jets struck targets across Gaza late on Tuesday as armed groups there fired rocket barrages toward Israel in response to the death of a Palestinian hunger striker in Israeli custody. Plumes of smoke spiralled into the night sky as the jets hit targets that the Israeli military said included weapons manufacturing sites and training camps of Hamas, the Islamist group that […]

By Howard Schneider WASHINGTON (Reuters) – The Federal Reserve kicks off a two-day policy meeting on Tuesday that is likely to push the U.S. central bank’s benchmark overnight interest rate to its highest level in nearly 16 years, hitting a potential plateau that will test the economy in a way not seen since the onset of the financial crisis in 2007. It will mark the Fed’s second straight meeting convened […]

By Jonathan Stempel NEW YORK (Reuters) – A U.S. judge on Tuesday refused to let Peloton Interactive Inc customers pursue a class action accusing the bike and treadmill maker of misleading them about the “ever-growing” size of its library of on-demand fitness classes. In a 74-page decision, U.S. District Judge Lewis Liman in Manhattan said individual issues predominated over common issues affecting the many thousands of customers in the proposed […]

By David Shepardson WASHINGTON (Reuters) -Ford Motor Co is cutting prices on its Mustang Mach-E electric vehicle and reopening orders, the No. 2 U.S. automaker said on Tuesday, the second time has reduced prices this year after a series of price cuts by rival Tesla Inc. Ford said it is also increasing the range for standard-range battery models as it increases production of the electric crossover SUV in the second […]

(Reuters) – Censured Montana transgender Representative Zooey Zephyr on Tuesday lost a last-minute legal attempt to rejoin debate on the House floor, as a Montana judge rejected her attempt to overturn the legislature’s punishment that silenced her. Republicans controlling Montana’s House of Representatives on April 26 barred Zephyr, a Democrat, from the House floor, anteroom or gallery for the remainder of the legislative session, which could end as soon as […]

By Pete Schroeder (Reuters) -The U.S. Senate Banking Committee said on Tuesday it would hear from former top officials at the failed Silicon Valley Bank and Signature Bank, as well as top U.S. banking regulators at separate hearings later this month. Gregory Becker, the former CEO of Silicon Valley Bank, and Scott Shay and Eric Howell, former senior executives for Signature Bank, will appear on May 16. The hearing will […]

By Idrees Ali and Ted Hesson WASHINGTON (Reuters) -President Joe Biden’s administration will temporarily send 1,500 additional troops to help secure the U.S.-Mexico border, the Pentagon said on Tuesday, in preparation for a possible rise in illegal immigration when COVID-19 border restrictions lift later this month. The 90-day deployment of active-duty troops will supplement the work of the U.S. Border Patrol but not carry out law enforcement duties, Pentagon spokesperson […]

(Reuters) – Censured Montana transgender Representative Zooey Zephyr on Tuesday lost a last-minute legal attempt to rejoin debate on the House floor, as a Montana judge rejected her attempt to overturn the legislature’s punishment that silenced her. Republicans controlling Montana’s House of Representatives on April 26 barred Zephyr, a Democrat, from the House floor, anteroom or gallery for the remainder of the legislative session, which could end as soon as […]