Across The Nation
The Federal Reserve is keeping its key interest rate unchanged but signaling it will likely raise rates before year’s end.
The Fed said in a statement ending its latest policy meeting Wednesday the U.S. job market has continued to strengthen and economic activity has picked up. But it noted that business investment remains soft and inflation too low and that it wants to see further improvement in the job market.
In the global hubbub over the Brangelina divorce, Angelina Jolie Pitt’s demand for sole physical custody of her six children with Brad Pitt has attracted its share of the attention. Yet experts say Jolie Pitt won’t have the final say, and that Pitt and the couple’s eldest son, Maddox, may even have a voice in custody arrangements.
Stacy Phillips, a veteran divorce attorney, called Jolie Pitt’s request for sole physical custody a "wish list," one that could change as the divorce progresses. Phillips, like many, saw the request as a message to Pitt, although what the actress is trying to convey won’t be known for some time, if ever.
Outraged Republican and Democratic lawmakers on Wednesday grilled the head of pharmaceutical company Mylan about the significant cost increase of its life-saving EpiPens and the profits for a company with sales in excess of $11 billion.
Defending the company’s business practices, Mylan CEO Heather Bresch told the House Oversight and Government Reform Committee she wishes the company had "better anticipated the magnitude and acceleration" of the rising prices for some families.
Compiled from wire reports