AURN News

AURN News

American Urban Radio Networks has been telling stories of Black America since 1973. AURN is the only Black-owned network with a bureau in the White House. Journalists Ebony McMorris, Clay Cane, Jamie Jackson, and Tanya Hart deliver stories of interest to our community. AURN News encapsulates updates from Capitol Hill, as well as This Day in History, health & wellness, finance, education, technology, and entertainment. More news and culture updates on aurn.com and @aurnonline on all social media platforms.

  1. 21 HR. AGO

    Spending Bill Fails, but GOP Vows To Cut Waste

    (AURN News) — A clean spending bill failed to pass the House Thursday night following intervention from President-elect Donald Trump. The original funding bill was 1,500 pages long and, after Trump’s involvement in cutting waste, is down to 116 pages. "This is Washington. This is how the lawmaking is done. It's a long process," Johnson said. "Sometimes it takes a while to reach consensus." Johnson also anticipates a major shift when it comes to government spending when he says Republicans will have greater control. "Republicans will have control of the White House and the Senate and the House, and we'll be able to make the key decisions about funding for the 2025 fiscal year," Johnson said. The bill includes $100 billion for hurricane relief and $10 billion in emergency aid for struggling farmers and ranchers. Johnson attributed agricultural difficulties to "Bidenomics and inflation, the high cost of inputs and fertilizer and seed." A key provision in the new bill extends the debt ceiling to Jan. 30, 2027. Trump, weighing in on Truth Social, pushed for an even longer extension: "Congress must get rid of, or extend out to, perhaps, 2029, the ridiculous Debt Ceiling. Without this, we should never make a deal. Remember, the pressure is on whoever is President." The new proposal marks a departure from the initial spending bill, which had included a controversial congressional pay raise before Trump became involved in negotiations. The new bill also extended the debt limit to Jan. 20, 2027. Learn more about your ad choices. Visit megaphone.fm/adchoices

    2 min
  2. 1 DAY AGO

    Inflation Battle Continues As Fed Cuts Rate

    (AURN News) — The Federal Reserve lowered interest rates by a quarter percentage point on Wednesday, while emphasizing continued vigilance over inflation that remains above the central bank's 2% target. Federal Reserve Chair Jerome Powell highlighted the economy's resilience amid the rate decision. "Recent indicators suggest that economic activity has continued to expand at a solid pace," Powell said, noting that "GDP rose at an annual rate of 2.8 percent in the third quarter, about the same pace as in the second quarter." The Federal Open Market Committee's move comes amid mixed economic signals. While consumer spending remains strong and business investment has improved, Powell pointed out that "activity in the housing sector has been weak." In explaining their approach to future policy decisions, Powell stressed the delicate balance the Fed must maintain. "We know that reducing policy restraint too fast or too much could hinder progress on inflation. At the same time, reducing policy restraint too slowly or too little could unduly weaken economic activity and employment," he said. The Federal Reserve's official statement indicates that future decisions will be based on comprehensive economic data. "The Committee's assessments will take into account a wide range of information, including readings on labor market conditions, inflation pressures and inflation expectations, and financial and international developments," the Fed stated. Markets initially responded negatively to the announcement on Wednesday, but stocks rebounded in Thursday morning trading. Learn more about your ad choices. Visit megaphone.fm/adchoices

    2 min
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About

American Urban Radio Networks has been telling stories of Black America since 1973. AURN is the only Black-owned network with a bureau in the White House. Journalists Ebony McMorris, Clay Cane, Jamie Jackson, and Tanya Hart deliver stories of interest to our community. AURN News encapsulates updates from Capitol Hill, as well as This Day in History, health & wellness, finance, education, technology, and entertainment. More news and culture updates on aurn.com and @aurnonline on all social media platforms.

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