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US Federal Reserve opens door to rate hike in 2015

Wednesday, 17 December 2014 14:29
The Federal Reserve has offered a strong signal that it was on track to raise interest rates sometime next year, dropping a pledge to keep them near zero for a "considerable time" in a show of confidence in the US economy. Closing out a two-day meeting against a backdrop of solid domestic growth but trouble overseas, the US central bank ditched its long-standing vow and instead said it would take a "patient" approach in deciding…
President announces thaw in U.S.-Cuba relations
Wednesday, 17 December 2014 14:29
December 17, 2014, 2:11 PM|President Obama announces steps toward normalizing U.S. relations with Cuba, after negotiating the release Alan Gross. CBS News Chief White House correspondent Major Garrett joins CBSN with more details.
Alan Gross makes first remarks after being freed from Cuban prison
Wednesday, 17 December 2014 14:29
December 17, 2014, 2:37 PM|American Alan Gross is home after being a five-year imprisonment in Cuba on spy charges. His release comes as the U.S. announced it would take new steps to restore diplomatic ties with Cuba.
Obama announces push to normalize U.S.-Cuba relations
Wednesday, 17 December 2014 14:29
December 17, 2014, 2:12 PM|President Obama announces the most dramatic shift in U.S.-Cuba relations in half a century.
Republican ousts ex-Gabby Giffords aide in recount for U.S. House seat
Wednesday, 17 December 2014 14:29
By Brad Poole TUCSON, Ariz. (Reuters) - U.S. Representative Ron Barber, an Arizona Democrat and former aide to Gabrielle Giffords, has officially lost his re-election bid to the Republican challenger in November's congressional elections, a judge certified on Wednesday. A superior court judge declared Martha McSally, a retired Air Force colonel and a pioneer of women's combat aviation in the 1990s, the winner after a state-mandated recount showed she won by 167 votes in the…
Marco Rubio slams push to normalize U.S.-Cuba relations
Wednesday, 17 December 2014 13:28
December 17, 2014, 1:19 PM|Sen. Marco Rubio, R-Florida, says the changes to the U.S.-Cuba relationship announced by President Obama are a concession to tyranny.
Obama: "Time for a new approach" to Cuba
Wednesday, 17 December 2014 13:28
December 17, 2014, 12:57 PM|President Obama announces the beginning of a process seeking to normalize U.S.-Cuba relations for the first time in half a century.
Cuba Today
Wednesday, 17 December 2014 13:28
Fifteen Cuban migrants prepare to set sail in their 14-foot homemade boat after a brief overnight stop offshore Grand Cayman Island, November 21, 2014. The boat, made from wood, metal, and fiberglass, had set sail from Manzanillo, eastern Cuba, a week earlier with 18 passengers, but three of them decided to abandon the trip upon arrival in Grand Cayman and turned themselves over to Cayman authorities for repatriation back to Cuba, the migrants said.
Secret talks in Canada, Vatican City led to Cuba breakthrough
Wednesday, 17 December 2014 13:27
By Warren Strobel WASHINGTON (Reuters) - The historic breakthrough in U.S.-Cuban relations began in spring 2013, when President Barack Obama authorized secret talks with Cuba, the same tactic he used to open nuclear negotiations with Iran. Months of talks in Canada and at the Vatican, involving one of Obama's closest aides, culminated on Tuesday, when Obama and Cuban President Raul Castro spoke by phone for nearly an hour and gave final assent to steps that…
Congress deeply divided over Obama's Cuba deal
Wednesday, 17 December 2014 12:26
Congressional reaction to the administration's move to normalize relations with Cuba has been mixed, with some warning it will endanger American lives abroad, while others welcome the change. The divisions have not fallen along party lines. Some of the sharpest criticism came from Cuban-American lawmakers, like Sen. Robert Menendez, D-New Jersey who is the outgoing chairman of the Senate Foreign Relations Committee. He argued that Mr. Obama's moves "vindicated the brutal behavior of the Cuban…

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