Biden hails Fed’s interest rate cut, citing eased inflation – September 19, 2024

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• President Joe Biden is celebrated the Federal Reserve’s decision to lower interest rates, saying it shows that inflation has eased.
• State lawmakers are targeting California’s high gasoline prices and recurring price spikes, with an Assembly committee holding a hearing to begin a special legislative session that may lead to action on a proposal by Governor Gavin Newsom.
• California Governor Gavin Newsom signed seven bills in San Francisco today as part of a bipartisan effort to tackle the state’s housing crisis, with the goal of building 2.5 million new housing units by 2030.
• The Greater East Bay Area will incorporate nuclear power into its renewable energy portfolio for the first time since the AVA community choice program was created eight years ago, following a 10-5 vote at last night’s meeting despite some opposition.
• The University of California Board of Regents approved a request from five UC campuses, including UC Berkeley and UC San Francisco, for additional military equipment for their police departments.

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