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Federal Reserve votes to cut interest rates

admin - Latest News - December 10, 2025
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Federal Reserve votes to cut interest rates



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Dec. 10, 2025, 2:38 PM ESTBy Daniel ArkinThe fundraising website GoFundMe saw a sharp uptick this year in the number of people using the platform for help covering the cost of housing, food and other day-to-day necessities, according to the company’s annual analysis of campaigns.GoFundMe’s self-published “Year in Help” report found that the number of campaigns launched to assist people with rent, utilities and groceries climbed 20% over the previous year. The platform’s fastest-growing category was “Charity,” followed by “Monthly Bills.”GoFundMe’s analysis underlines growing worries across the U.S. about affordability. In recent months, some economists and lawmakers have sounded alarms about softer wage growth for lower-income workers, declining consumer confidence and tepid hiring.The affordability issue is also staring to loom larger in national politics. President Donald Trump regularly insists that consumer prices have come down since his return to the White House in January. This week, Trump gave the economy during his second term an “A-plus-plus-plus-plus-plus-plus” grade in an interview with Politico.In GoFundMe’s “community causes” category, more fundraisers were launched this year to support food banks than any other cause, the company said in a news release accompanying the report.Between the end of October and early November, GoFundMe saw a nearly sixfold increase in food-related fundraisers on the site. The timing coincided with a federal government shutdown that abruptly halted SNAP food assistance benefits and forced tens of thousands of federal employees to go without paychecks for several weeks.“In a year marked by natural disasters and growing everyday needs, the power of help united communities like never before: with 2.5 donations made every second on average, people across the globe came to GoFundMe to lift up others, support nonprofits, and strengthen communities,” the company said in the release.The “most generous” day of the year was Jan. 10, in the midst of the Los Angeles wildfires. GoFundMe users in all 50 states raised a combined $265 million for wildfire relief, according to the company’s statistics.Ireland topped the list of the “most generous countries” for the seventh year in a row, followed by the U.S. and the United Kingdom.Daniel ArkinDaniel Arkin is a senior reporter at NBC News.
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Oct. 9, 2025, 1:08 PM EDTBy Jessica SherwoodPresident Donald Trump has announced that Israel and Hamas have agreed on the first phase of a ceasefire deal — but there are significant lingering questions about what the 20-point plan will mean for the future of the Gaza Strip.“This means that ALL of the Hostages will be released very soon, and Israel will withdraw their Troops to an agreed upon line as the first steps toward a Strong, Durable, and Everlasting Peace,” Trump said in a post on Truth Social.What is Trump’s proposed plan?Key components of Trump’s proposal include: The release of all living and dead hostages in Gaza within 72 hours of Israel accepting the agreement.Once all hostages are released, Israel will release 250 life-sentence prisoners plus 1,700 Palestinians detained after Oct. 7, 2023.A requirement for Hamas to lay down its arms, and a withdrawal of Israeli troops from the territory.The delivery of humanitarian aid and the installation of a civilian governing authority for Palestinians.Secretary of State Marco Rubio speaks to President Donald Trump during a roundtable discussion at the White House on Wednesday.Anna Moneymaker / Getty ImagesWhat happens next?The Israel Defense Forces said Thursday that they were moving to “adjusted deployment lines soon” but warned that parts of Gaza were still a “dangerous combat zone.”But a ceasefire would take effect in Gaza “within 24 hours” of a government meeting set for Thursday evening, a spokesperson for the Israeli prime minister’s office told reporters.Following that 24-hour period, a 72-hour window would open in which Hamas would release the remaining hostages. Earlier, the White House said it expected hostages to be released Monday. Forty-eight hostages remain to be returned, of which Israel says it believes 20 are still alive.An Israeli official briefed on the matter told NBC News that all living hostages would be released at one time.People react at Hostage Square in Tel Aviv on Thursday following news of a new Gaza ceasefire deal.Maya Levin / AFP via Getty ImagesThe agreement comes almost two years to the day after the Hamas-led terrorist attacks on Israel that killed 1,200 people. Since then, Israel has killed more than 67,000 people in Gaza, according to the Palestinian health ministry.Gaza’s future?The first phase of Trump’s plan does not address Gaza’s medium- and long-term future. With most of Gaza’s buildings damaged or destroyed in Israel’s offensive, according to the United Nations, and its population largely forced from their homes, what comes next is an urgent question.Trump’s plan says the enclave should be temporarily governed by a “technocratic, apolitical Palestinian committee” overseen by a “Board of Peace” led by Trump and former British Prime Minister Tony Blair.That is until the Palestinian Authority, which controls part of the occupied West Bank and is the Palestinians’ main representative internationally, can be “reformed,” according to the plan.Meanwhile, Hamas has agreed to participate in the hostage and prisoner exchange but has not said it will disarm and disband — a key stipulation of Trump’s proposal.Smoke rises from southern Gaza following Israeli airstrikes in Deir al-Balah on Thursday.Ali Jadallah / Anadolu via Getty ImagesJessica SherwoodJessica Sherwood is a social editor based in NBC News’ London bureau.Matt Bradley contributed.
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