Originally published on Tue December 23, 2014 2:55 pm
The U.S. economy grew at a surprisingly fast 5 percent annual rate in the third quarter of 2014, up sharply from the 3.9 percent of the last revision. The figure blew past the consensus estimate of 4.3 percent put forth by economists surveyed by Bloomberg News.
It's the fastest the U.S. economy has grown in one quarter in more than a decade: The GDP grew at a 6.9 percent pace in the third quarter of 2003.
Update at 10:30 a.m. ET: Dow Tops 18,000 For First Time
Originally published on Wed December 17, 2014 2:41 pm
Updated at 2:39 p.m. ET
President Obama announced today the most significant change in U.S. policy toward Cuba in more than 50 years, paving the way for the normalization of relations and the opening of a U.S. Embassy in Havana.
Obama said "we will end an outdated approach that for decades has failed to advance our interests and instead we will begin to normalize relations between our two countries."
Originally published on Wed December 17, 2014 3:08 pm
It seems long ago now, but in the 1960s, '70s and '80s, murders and robberies exploded as cocaine and other illegal drugs ravaged American cities.
Then came June 19, 1986, when the overdose of a college athlete sent the nation into shock just days after the NBA draft. Basketball star Len Bias could have been anybody's brother or son.
Congress swiftly responded by passing tough mandatory sentences for drug crimes. Those sentences, still in place, pack federal prisons to this day. More than half of the 219,000 federal prisoners are serving time for drug offenses.
Attorney General Scott Pruitt is adding Oklahoma to the list of 20 states suing President Barack Obama over his executive action to spare from deportation nearly 5 million people living in the U.S. illegally.
Pruitt announced Tuesday that Oklahoma would join the multistate lawsuit filed in federal district court in Texas.
In a statement, Pruitt said the president's executive actions are "unlawful and unconstitutional."
Originally published on Tue December 9, 2014 6:52 pm
One of the big arguments the Central Intelligence Agency has used to defend its enhanced interrogation techniques is that information stemming from those interrogations led to the killing of Osama bin Laden.
More specifically, officials have argued that those types of questionings led to important information about Abu Ahmad al-Kuwaiti, the courier that led the U.S. to bin Laden's compound in Pakistan.