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Kid Reporter Who Interviewed Obama at 11 Dies at 23

Getting to tell the president what you want in your school lunch is a dream come true for a kid. And landing an interview with a sitting president is a dream come true for a young. ....

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Joe Biden to meet DACA recipients in immigration overhaul push

Biden has made a broader call for immigration reform that centers on establishing a pathway to citizenship for 11 million undocumented immigrants, an effort that faces tough odds in a closely divided Congress. ....

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Federal Reserves: Why are US Fed leaders so confident that inflation is transitory

While much of Wall Street is ringing alarms about out-of-control inflation, Federal Reserve Chair Jerome Powell and his colleagues are expressing confidence in a more benign outlook.
Acceleration in U.S. price growth this year will have “only transitory effects on underlying inflation,” Fed Vice Chair Richard Clarida said Wednesday, playing down news released earlier that consumer prices climbed in April by the most since 2009.
Governor Lael Brainard said the day before that officials should be “patient though the transitory surge.” Both echoed Powell, who has repeatedly stressed the temporary nature of an anticipated increase in price pressures.
While policy makers expect the Fed’s preferred measure of inflation to rise to around 2.4 per cent this year as the economy reopens and the pandemic recedes, they forecast it to return to their 2 per cent goal for 2022. ....

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ALEX BRUMMER: Greensill was a scandal on an epic scale. Yet STILL our watchdogs failed to bark

ALEX BRUMMER: The Greensill Capital scandal has exposed an enormous and terrifying failure in enforcement over the British financial system who failed to see warning signs of collapse. ....

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Gayle King will delve into the Queen's private life for new CBS special

The Queen Carries On: A Gayle King Special will air on Friday at 8pm ET, and will feature interviews with Sir Paul McCartney and former President Barack Obama. ....

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