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
Thats 600 miles round trip. Do i have a green right . You have a red one right there. This is my 278th trip to washington, d. C. Thats 278 times. Thats 600 miles round trip. Thats enough to circumnavigate the earth three times. Yeah. Thats why im cranky. Thats why im mad. This sucks. This country was based on volunteerism. [john] weve had to fight, overcome every obstacle, every hurdle for almost 18 years. Im, like, ive been vacillating from like being incredibly sad to, like, incredibly mad, to being nervous, to being, you know. Why . Why are you nervous . I dont wanna f this up for everybody, you know. Couldve called it quits and go get a beer. [jon] its insane, right . Were gonna testify in front of the House Judiciary Committee to hopefully give some insight into congress as to why 9 11 survivors and victims are dying. [man] because i know you left your business, your talk show and stuff to come to this and its so important now. Yeah. How do you feel, like you made the right move .
Thats 600 miles round trip. Do i have a green right . You have a red one right there. This is my 278th trip to washington, d. C. Thats 278 times. Thats 600 miles round trip. Thats enough to circumnavigate the earth three times. Yeah. Thats why im cranky. Thats why im mad. This sucks. This country was based on volunteerism. [john] weve had to fight, overcome every obstacle, every hurdle for almost 18 years. Im, like, ive been vacillating from like being incredibly sad to, like, incredibly mad, to being nervous, to being, you know. Why . Why are you nervous . I dont wanna f this up for everybody, you know. Couldve called it quits and go get a beer. [jon] its insane, right . Were gonna testify in front of the House Judiciary Committee to hopefully give some insight into congress as to why 9 11 survivors and victims are dying. [man] because i know you left your business, your talk show and stuff to come to this and its so important now. Yeah. How do you feel, like you made the right move .
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