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
Miracle baby who beat the odds and is inspiring america. Announcer this is Nbc Nightly News with lester holt. Good evening, everyone it was a goal too far. Tonight, the biden administrations acknowledgment it will miss its latest vaccination objective, as much a setback for the country as it is for the white house. Pace of vaccinations stubbornly lagging President Bidens July 4th Target of having 70 of adults at least partially vaccinated appears it will come up short over 177 million americans have received at least one dose that leaves millions of Unvaccinated Americans at risk of the more contagious delta covid variant. Dr. Fauci today declaring the Delta Variant is the greatest threat to eliminating covid. That threat coinciding with an emerging Generation Gap over the vaccinations tom llamas now with late details. Reporter Tonight The White Hous sounding the alarm about the highly contagious Delta Variant, admitting a setback when it comes to vaccines. The country will fall short
Investigations, this Move Signals Prosecutors could be nearing the completion of their probe. Theyre looking into whether the Trump Organization misled lenders and Insurance Companies about the value of properties on one side, Inflating Income there, and deflated income to reduce their tax burden. Cnns Senior Legal Affairs correspondent paula reid here to help walk us through all this. Paula, theres a lot we know and dont know. The grand jury has been convened. We dont know what comes out of that. What do we know about the time frame . This grand jury has been impaneled for at least six months. There is a mechanism to extend this. This is an incredibly powerful tool for prosecutors. They can use this to continue to build out their case and test it before a group of randomlyselected citizens, usually up to 23 people. The fact they have convened this grand jury two years into the investigation does suggest that prosecutors believe they have evidence of a crime, and they can use this now
Investigations, this Move Signals Prosecutors could be nearing the completion of their probe. Theyre looking into whether the Trump Organization misled lenders and Insurance Companies about the value of properties on one side, Inflating Income there, and deflated income to reduce their tax burden. Cnns Senior Legal Affairs correspondent paula reid here to help walk us through all this. Paula, theres a lot we know and dont know. The grand jury has been convened. We dont know what comes out of that. What do we know about the time frame . This grand jury has been impaneled for at least six months. There is a mechanism to extend this. This is an incredibly powerful tool for prosecutors. They can use this to continue to build out their case and test it before a group of randomlyselected citizens, usually up to 23 people. The fact they have convened this grand jury two years into the investigation does suggest that prosecutors believe they have evidence of a crime, and they can use this now
Investigations, this Move Signals Prosecutors could be nearing the completion of their probe. Theyre looking into whether the Trump Organization misled lenders and Insurance Companies about the value of properties on one side, Inflating Income there, and deflated income to reduce their tax burden. Cnns Senior Legal Affairs correspondent paula reid here to help walk us through all this. Paula, theres a lot we know and dont know. The grand jury has been convened. We dont know what comes out of that. What do we know about the time frame . This grand jury has been impaneled for at least six months. There is a mechanism to extend this. This is an incredibly powerful tool for prosecutors. They can use this to continue to build out their case and test it before a group of randomlyselected citizens, usually up to 23 people. The fact they have convened this grand jury two years into the investigation does suggest that prosecutors believe they have evidence of a crime, and they can use this now