The Federal Reserve is raising its benchmark interest rate for the second time in three months and signaling that any further hikes this year will be gradual. The move reflects a consistently solid U.S. economy and will likely mean higher rates on some consumer and business loans.
Gov. Earl Ray Tomblin has announced a 2 percent budget cut for most West Virginia government agencies, saying it's needed because the state's general revenue fund is falling behind by more than $87 million since July.
World finance officials, still searching for ways to rejuvenate a sluggish global economy, now face the added problem of dealing with a growing anti-trade backlash that threatens to make the economic situation worse
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