OAN Newsroom – Page 1631 – One America News Network

Federal Reserve Board Chairman Jerome Powell delivers remarks at a news conference following a Federal Open Market Committee meeting on May 3, 2023 in Washington, DC. The Federal Reserve announced a 0.25 percentage point interest rate increase bringing the key federal funds rate to more than 5%, a 16-year high. (Photo by Anna Moneymaker/Getty Images) (Photo by Anna Moneymaker/Getty Images)

Fed raise interest rates by a quarter point

The Federal Reserve has reportedly increased its key interest rate by a quarter point.

MONTGOMERY, AL - MAY 15: The Alabama State Capitol stands on May 15, 2019 in Montgomery, Alabama. Today Alabama Gov. Kay Ivey signed a near-total ban on abortion into state law. (Photo by Julie Bennett/Getty Images)

Alabama lawmakers advance legislation exempting overtime pay from income tax

The Alabama House of Representatives unanimously passed a bill that will exempt overtime from the state income tax.

Nancy Pelosi speaks onstage at the 2023 TIME100 Summit at Jazz at Lincoln Center on April 25, 2023 in New York City. (Photo by Jemal Countess/Getty Images for TIME)

Pelosi’s ongoing massive private jet spending

According to a Fox News Digital analysis of campaign finance records, California Representative Nancy Pelosi has maintained her habit of using private jets despite giving up her leadership position and advocating for tough climate legislation.

Ukrainian President Volodymyr Zelensky attends a joint press conference with the Finnish President in Helsinki, Finland, on May 3, 2023. - Ukrainian President Volodymyr Zelensky made a surprise visit to Finland on May 3, 2023 to participate in a summit gathering the leaders of the five Nordic nations, the Finnish presidency announced. (Photo by VESA MOILANEN/Lehtikuva/AFP via Getty Images)

U.S. sending additional $300M in more weapons to Ukraine

American officials said on Tuesday that the United States will be sending about $300 million in additional military aid to Ukraine, including large quantities of artillery shells, howitzers, air-to-surface missiles and ammunition as the spring offensive against Russian forces nears its start.

TOPSHOT - The Israeli Iron Dome missile defence system (L) intercepts rockets (R) fired by the Hamas movement towards southern Israel from Beit Lahia in the northern Gaza Strip as seen in the sky above the Gaza Strip overnight on May 14, 2021. - Israel bombarded Gaza with artillery and air strikes on Friday, May 14, in response to a new barrage of rocket fire from the Hamas-run enclave, but stopped short of a ground offensive in the conflict that has now claimed more than 100 Palestinian lives. As the violence intensified, Israel said it was carrying out an attack "in the Gaza Strip" although it later clarified there were no boots on the ground. (Photo by ANAS BABA / AFP) (Photo by ANAS BABA/AFP via Getty Images)

Ceasefire in place after a night of fighting along the Israel and Gaza border

An unofficial ceasefire was implemented on Wednesday morning along the Israel-Gaza border after fighting had escalated the night before due to the death of a jailed Palestinian.

A handout picture provided by the Iranian Army official website on September 10, 2020, shows an Iranian boats during a military exercise in the Gulf, near the strategic strait of Hormuz in southern Iran. - The Iranian navy began a three-day exercise in the Sea of Oman near the strategic Strait of Hormuz today, deploying an array of warships, drones and missiles. One of the exercise's objectives is to devise "tactical offensive and defensive strategies for safeguarding the country's territorial waters and shipping lanes," the military said on its website. (Photo by - / Iranian Army office / AFP) / XGTY / === RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO / HO / Iranian Army website" - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS === (Photo by -/Iranian Army office/AFP via Getty Images)

Iran seizes second oil tanker within a week

Iran has seized a second oil tanker within a week on Wednesday the United States Navy said.