Now at breaking point. [bell ringing] norah major news for the economy. The fed cutting Interest Rates for the first time in four years. What it means for your wallet. Its a huge problem, and its getting worse and worse. Norah and Tonights Eye on america. Mortgage rates are coming down, but what about the Supply Shortage of homes . We look at one solution. Im the first person in my family to be a homeowner. Norah the Cbs Evening news starts now. Good evening. Im norah odonnell, and Thank You for being with us on this wednesday night. Theres a lot of news at home and around the world, and we want to start with the number one issue for americans the economy. The federal reserve made a big move today, cutting rates by half a percentage point. Thats more than expected, and it is the first Rate Cut since the Covid Pandemic in 2020 and the largest since the 2008 financial crisis. So tonight the big question is, what does it mean for your Credit Card bills, your mortgage, your auto loans, and
chatbot known as chatgpt is going to be testifying on capitol hill just hours from now. also, in ukraine a top chinese diplomat set to arrive in the capital on a peace mission. his visit comes after russia launched a huge barrage of missiles overnight and drones against the ukrainian capital. and the nba conference finals begin tonight. lebron james and the los angeles lakers will take on two-time mvp nikola jokic and the denver nuggets. cnn this morning starts right now. all right. here is where we begin. president biden will meet with members leaders of congress today trying to get some sort of progress on a debt ceiling teal. treasury secretary janet yellen reiterating the u.s. could default on its debt two weeks from now in a letter to howard liebengood the treasury will no longer be able to satisfy the government s obligations if congress is not acted to raise or suspend the debt limit by june 1. house speaker kevin mccarthy echoed yellen s urgency in the halls o
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