House Speaker Kevin McCarthy said lawmakers will move forward with a bill to address national security worries about TikTok. The announcement comes after TikTok CEO Shou Zi Chew appeared before a House committee last week and was grilled by lawmakers about national security and other concerns involving the app, which has 150 million American users.

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Federal Reserve cuts key rate as shutdown clouds economic outlook
The Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up economic growth and hiring even as inflation stays elevated. The move comes amid a fraught time for the central bank, with hiring sluggish and yet inflation stuck above the Fed’s 2% target. Compounding its challenges, the central bank is navigating without much of the economic data it typically relies on from the government. The Fed has signaled it may reduce its key rate again in December but the data drought raises the uncertainty around its next moves. Fed Chair Jerome Powell told reporters that there were “strongly differing views” at the central bank's policy meeting about to proceed going forward.
US and China say a trade deal is drawing closer as meeting nears
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