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Federal Reserve votes to cut interest rates for third time in a row

admin - Latest News - December 10, 2025
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The Federal Reserve announced it is cutting interest rates for the third time this year. The rate-setting meeting in Washington took place in the fog of a data blackout, the result of the prolonged federal government shutdown this fall.



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Oct. 6, 2025, 11:16 PM EDTBy Sahil KapurWASHINGTON — Rep. Marjorie Taylor Greene, R-Ga., broke with her party Monday evening by calling for action on expiring Obamacare subsidies to avoid premium hikes, adding a prominent MAGA voice to the cause led by Democrats.In a long post on X, Greene, the far-right MAGA firebrand, made it clear she was not in Congress when the 2010 law passed.“Let’s just say as nicely as possible, I’m not a fan,” she wrote. “But I’m going to go against everyone on this issue because when the tax credits expire this year my own adult children’s insurance premiums for 2026 are going to DOUBLE, along with all the wonderful families and hard-working people in my district.”“No I’m not towing the party line on this, or playing loyalty games. I’m a Republican and won’t vote for illegals to have any tax payer funded healthcare or benefits. I’m AMERICA ONLY!!!” Greene added.We’d like to hear from you about how you’re experiencing the government shutdown, whether you’re a federal employee who can’t work right now or someone who is feeling the effects of shuttered services in your everyday life. Please contact us at tips@nbcuni.com or reach out to us here.Extending expiring Obamacare funding is the top demand of Democrats during the government shutdown. The money expires at the end of this year.Dem. House Leader Jeffries Speaks Out on Shutdown, Health Care03:47Republicans are divided over the issue, with more than a dozen swing-district House members and some senators calling for an extension of the funds. But many conservatives in the party want the money to expire on schedule, and party leaders are noncommittal about whether they will extend it. House Speaker Mike Johnson, R-La., and Senate Majority Leader John Thune, R-S.D., have insisted the issue will not be discussed until Democrats cave in on their present stance and reopen the government first.Greene said GOP leaders have not addressed the issue with the conference.“I’m carving my own lane,” she wrote. “And I’m absolutely disgusted that health insurance premiums will DOUBLE if the tax credits expire this year. Also, I think health insurance and all insurance is a scam, just be clear! Not a single Republican in leadership talked to us about this or has given us a plan to help Americans deal with their health insurance premiums DOUBLING!!!”Her post caught the eyes of at least one Democrat in Congress.Rep. Greg Casar, D-Texas, the chair of the Progressive Caucus, wrote on X: “I don’t quote MTG often, but… ‘Not a single Republican in leadership… has given us a plan to help Americans deal with their health insurance premiums DOUBLING!!!’”Sahil KapurSahil Kapur is a senior national political reporter for NBC News.
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