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18.12.2024

The Day Congress Froze While Markets Fell

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This page is an archive of main headlines from the US for 18.12.2024.

It displays 247 headlines from many sources chronologically, as they appeared throughout the day, accompanied by AI overviews that were written in real time.

18.12.2024 โ‡ข The Day Congress Froze While Markets Fell
โŒจMorning coverage followed House Ethics Committee's decision to release its Matt Gaetz investigation report before Christmas, marking a shift in congressional oversight dynamics. The Wisconsin school shooting investigation revealed shooter Natalie Rupnow's troubled home life and therapy history.

Federal Reserve's third rate cut announcement triggered an unexpected 1,100-point Dow Jones plunge - its first 10-day losing streak since 1974. Markets reacted to signals of fewer cuts in 2025.

By evening, the federal spending bill collapsed after Trump and Musk's intervention prompted House Republican opposition. Speaker Johnson faced mounting pressure to abandon the bipartisan deal. The first severe U.S. case of bird flu emerged in Louisiana, prompting California's emergency declaration.

Mystery drone sightings continued along the East Coast, with military responses detailed and speculation about missing nuclear materials in New Jersey.
18.12.2024
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President Biden is pushing for his final priorities but has absented himself from speaking about President-elect Trump after saying he threatened democracy.
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00:46 (05:46)โ‡ขWisconsin Shooter's Dark Obsessions Surface

โŒจThe newspapers extensively cover the Wisconsin school shooting investigation, with new details about shooter Natalie Rupnow's fascination with Columbine (NY Post, Boston Globe, Yahoo). Congress prepares a short-term funding bill until March 14, notably removing a provision blocking automatic raises for members (Breitbart, NBC, NPR). Israel signals expansion plans, with Netanyahu visiting Mount Hermon and indicating indefinite troop presence in Syrian territory (WSJ, AP).
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06:07 (11:07)โ‡ขWisconsin Shooter's Dark Web Trail

โŒจThe newspapers extensively cover new details about the Wisconsin school shooting, with reports focusing on shooter Natalie Rupnow's fascination with Columbine killers and her family's custody arrangements (NY Post, Newsweek, USA Today). House progressives call for suspension of weapons to Israel (Common Dreams), while Congress finalizes a funding deal with over $100B in disaster aid (AP News). Biden responds to Trump's claims about mystery drones (Daily Beast), as Argentina's Milei claims Trump's support for his economic reforms (WSJ).
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Yahoo! News

Congress unveils funding deal with more than $100 billion in disaster aid

The aid will help states and local communities recover from Hurricanes Helene and Milton and other natural disasters.
06:36 (11:36 in your timezone)
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Yahoo! News

Russia says suspect detained in killing of top general in Moscow

Russian investigators have detained an Uzbek national in connection with the death of Lt. Gen. Igor Kirillov, who was killed by an explosive device hidden in a scooter.
07:00 (12:00 in your timezone)
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Yahoo! News

Russia detains suspect in Moscow blast that killed general

Russian investigators have detained an Uzbek national in connection with the death of Lt. Gen. Igor Kirillov, who was killed by an explosive device hidden in a scooter.
07:08 (12:08 in your timezone)
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Yahoo! News

Congress announces deal to fund govt. through March 14, give $100B in disaster aid

The aid will help states and local communities recover from Hurricanes Helene and Milton and other natural disasters.
07:24 (12:24 in your timezone)
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Yahoo! News

Luigi Mangione charged with murder as act of terrorism. What does that mean?

The man accused of fatally shooting UnitedHealthcare CEO Brian Thompson was hit with upgraded murder charges on Tuesday.
07:56 (12:56 in your timezone)
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Yahoo! News

Fed expected to cut rates again โ€” but what happens next is anyone's guess

The Federal Reserve is expected to announce another cut to its key interest rate. Is the economy really steady but cooling?
08:12 (13:12 in your timezone)

08:13 (13:13)โ‡ขSubstitute Teacher Dies Shielding Class

โŒจThe newspapers extensively cover the Wisconsin school shooting at Abundant Life Christian School, with new details about a substitute teacher who died protecting her class (NY Post, ABC News). Multiple sources report on mystery drone sightings along the East Coast, with FBI warnings (Fox News, Epoch Times). Trump's potential impact on international relations receives attention, particularly regarding Canada (CNN, AP News). The Federal Reserve is expected to announce rate cuts (Yahoo, WSJ).
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Commentators like the New York Timesโ€™ Bret Stephens have called slain CEO Ben Thompson a โ€œworking-class hero.โ€ You donโ€™t have to condone murder to see through that ridiculous claim about a man who was at the helm of a legalized extortion racket.
09:32 (14:32 in your timezone)
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Yahoo! News

Trump lost his immunity bid in New York hush money case. What's his next move?

Get caught up on the biggest stories of the day with our newsletter.
09:48 (14:48 in your timezone)
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Yahoo! News

East Coast facing a cold snap that will feel like it's well below freezing

Get caught up on the biggest stories of the day with our newsletter.
10:04 (15:04 in your timezone)

10:07 (15:07)โ‡ขYouth Backs Healthcare CEO Killing

โŒจThe newspapers report extensively on the aftermath of UnitedHealthcare CEO Brian Thompson's killing, with conflicting narratives emerging about public response (NY Post, Jacobin) and polls showing 40% of young voters considering the killing "acceptable." Mystery drone sightings continue dominating coverage (Newsweek, The Blaze), while Trump's interference in Canadian politics receives attention (CNN, OAN).
10:12
10:12
Yahoo! News

'Painful to be outdoors': Cold snap warning for East Coast

Get caught up on the biggest stories of the day with our newsletter.
10:12 (15:12 in your timezone)
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11:50 (16:50)โ‡ขEthics Committee Ready to Expose Gaetz

โŒจThe newspapers report extensively on the House Ethics Committee's impending release of its investigation into Matt Gaetz's alleged sexual misconduct (ABC, CBS, NY Post). Several sources cover Trump's transition decisions, including RFK Jr.'s potential role in health administration (AP News, NPR) and Herschel Walker's appointment as Bahamas ambassador (OAN). The Supreme Court's review of potential TikTok ban receives attention (USA Today).
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13:26 (18:26)โ‡ขEthics Panel to Expose Gaetz Files

โŒจThe newspapers report extensively on the House Ethics Committee's vote to release its investigation into Matt Gaetz, with multiple sources confirming the report will be public before Christmas (ABC, CBS, AP News, USA Today, Washington Post). New developments show House Republicans targeting Liz Cheney over January 6 investigation (CNN, HuffPost). A controversial spending bill generates Republican criticism of Speaker Johnson (Breitbart), while Biden faces criticism from his party over recent pardons (Fox News).
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Forty years ago, Michael Anthony Cox was convicted of the murders of three girls in the Sierra Nevada foothills. Years later, the two main witnesses at his trial, also teenagers, recanted, saying police had pressured them into false stories. So why is Cox still on death row?
14:12 (19:12 in your timezone)
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14:45 (19:45)โ‡ขFed Cuts Rate While Musk Fights Funding

โŒจThe newspapers extensively report on the Federal Reserve's third interest rate cut this year, lowering it by 0.25 percentage points while signaling fewer cuts for 2025 (CBS, NBC, USA Today, Epoch Times). Speaker Johnson proceeds with the stopgap funding bill despite opposition from Elon Musk (ABC News, HuffPost). The House Ethics Committee's decision to release the Gaetz report continues to generate coverage (Boston Globe, Washington Post, AP News).
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Yahoo! News

USPS warns about package tracking 'smishing' scam text messages

Undisclosed texts with questionable tracking information and clickable links are designed to trick you into providing personal information.
14:52 (19:52 in your timezone)
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Yahoo! News

Beware of 'smishing' text messages: USPS warns of package tracking scam

Undisclosed texts with questionable tracking information and clickable links are designed to trick you into providing personal information.
15:00 (20:00 in your timezone)
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Yahoo! News

What to know about 'smishing' as USPS warns about scam text messages

Undisclosed texts with questionable tracking information and clickable links are designed to trick you into providing personal information.
15:08 (20:08 in your timezone)
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Donald Trumpโ€™s proposals on tariffs, immigration, taxes and deregulation may have far-reaching and contradictory effects, adding uncertainty to forecasts.
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15:50 (20:50)โ‡ขFed Cuts While Eagles Soar

โŒจThe newspapers report extensively on the Federal Reserve's third interest rate cut of the year (Yahoo, CBS, NBC, Epoch Times), while covering growing concerns over drone activity in the Northeast, with military responses being detailed (USA Today, OAN). New developments show the House preparing to officially recognize the bald eagle as America's national bird (NPR), while a rift emerges in Trump's circle over obesity treatment approaches (NYTimes).
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Yahoo! News

Federal Reserve cuts interest rates for 3rd time this year

The central bank slashed its benchmark interest rate by 25 basis points, initiating its third consecutive cut of 2024 despite signs that inflation isn't entirely going away.
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Yahoo! News

Fed cuts interest rates for 3rd time this year: What to know

The central bank slashed its benchmark interest rate by 25 basis points, initiating its third consecutive cut of 2024 despite signs that inflation isn't entirely going away.
16:44 (21:44 in your timezone)
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16:45 (21:45)โ‡ขMarkets Crash as Fed Retreats

โŒจThe newspapers report extensively on a major stock market drop following the Federal Reserve's scaled-back plans for interest rate cuts (ABC News, Yahoo, Wall Street Journal). A significant opposition builds against the spending bill, with Elon Musk's intervention affecting House GOP stance (Washington Post, Breitbart, HuffPost). New developments show the first severe human case of bird flu in the US, prompting California to declare emergency (NPR, LA Times, The Blaze).
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Yahoo! News

Everything we know about the mystery drone sightings

Officials investigating mysterious drones flying over New Jersey and the eastern U.S. have found no evidence of public safety threats.
17:00 (22:00 in your timezone)
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Yahoo! News

Elon Musk rips government spending package in early test of his political might

In more than two dozen posts on his social media platform, Elon Musk assailed the bill on various points, calling one element "criminal."
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Yahoo! News

Wall Street suffers 2nd-worst loss of year after Fed's cautious forecast

By the time trading ceased Wednesday, the Dow Jones Industrial Average lost 1,123 points, or 2.6%, and the Nasdaq composite fell 3.6%.
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18:06 (23:06)โ‡ขTrump-Musk Alliance Tanks Spending Bill

โŒจThe newspapers extensively report on a Republican revolt against the spending bill after Trump and Musk's opposition (Breitbart, CBS, Fox News, Washington Post, Yahoo, AP News, HuffPost). The development marks a significant shift from earlier discussions, with House Speaker Johnson facing internal party pressure. Meanwhile, the Senate passed an $895 billion military bill (Common Dreams), while Dow Jones recorded its first 10-day losing streak since 1974 (Epoch Times).
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The far-right internet is even more shocking in person.
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19:57 (00:57)โ‡ขTrump Torpedoes Spending Bill

โŒจThe newspapers extensively report on Trump's sudden rejection of the bipartisan spending bill, threatening a government shutdown. Trump demands Republicans renegotiate the package, leaving House Speaker Johnson scrambling for alternatives (ABC, Boston Globe, Epoch Times, NPR, Yahoo, AP News, Daily Beast). New developments show El Salvador modifying its Bitcoin policy for IMF loan approval (WSJ), while a man pleads guilty to operating a secret Chinese police station in NYC (OAN).
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Produced and operated by L.A. Times Studios, the video stream showcases premium content, including news, entertainment, food, business, culture, lifestyle and true crime.
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Sen. Josh Hawley (R-MO) told โ€œThe Alex Marlow Showโ€ that House Speaker Mike Johnson (R-LA)โ€™s spending bill will be โ€œhugely harmfulโ€ to President-elect Donald Trump if it passes Congress.
21:50 (02:50 in your timezone)
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22:06 (03:06)โ‡ขTrump's War on Spending Claims Both Parties

โŒจThe newspapers extensively report on Trump's successful effort to derail the bipartisan spending bill, with new developments showing growing Democratic opposition to alternative funding measures (ABC, NBC, NYTimes, USA Today, AP News). Hakeem Jeffries now indicates Democrats will reject a 'clean' funding bill (OAN), while Josh Hawley warns the current proposal could harm Trump's position (Breitbart). This marks an escalation from earlier reporting, with both parties now opposing Johnson's proposal.
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Yahoo! News

House speaker left scrambling after Trump rejects funding bill

The massive 1,500-page bill was already on the verge of collapse, as hard-right conservatives rejected increased spending following pressure from Elon Musk.
23:48 (04:48 in your timezone)
23:56
Yahoo! News

Trump rejects funding bill to prevent government shutdown

The massive 1,500-page bill was already on the verge of collapse, as hard-right conservatives rejected increased spending following pressure from Elon Musk.
23:56 (04:56 in your timezone)