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The Federal Reserve announced Wednesday that it will lower its benchmark interest rate by 0.25 percentage points in its second straight cut. CBS News MoneyWatch correspondent Kelly O'Grady has more.

Senate Majority Leader John Thune said talks among rank-and-file senators aimed at ending the government shutdown have ramped up. Follow live updates here.

Following recent volatility, mortgage rates just fell back to a three-year low. But should buyers lock one in now?

The Fed on Wednesday announced its second interest-rate cut of 2025, reducing borrowing costs in a move to spur U.S. hiring.

Elon Musk's partisan stances and foray into politics in recent years have dented the electric vehicle maker's business, Yale researchers say.