Last week, the Federal Reserve chair touted the economy and suggested the Fed might raise interest rates again, but officials are wondering if that may change after two bank collapses and a high inflation report expected today.
A winter storm approaching New England and the mid-Atlantic today could be “deadly.” Forecasts project a foot of snow in some areas. Meanwhile, Californians face heavy flooding from north to south, as workmen scramble to close a breach in a levee on the central coast.
And the Pentagon predicts China could surpass the U.S. in nuclear weapons capacity by the end of the decade. China now has more land-based ICBM’s than the U.S., and Russia is helping to fuel its arsenal. Military experts are grappling with how Washington should respond.
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