Friday, May 24 2013 1:01 AM EDT2013-05-24 05:01:43 GMT
A pedestrian was seriously hurt after being struck by a police officer on the east side of Indianapolis. The accident happened around 9:30 p.m. Thursday near the intersection of 42nd Street and EmersonMore >>
A pedestrian was killed after being struck by an on-duty IMPD officer on the east side of Indianapolis.More >>
Friday, May 24 2013 12:51 AM EDT2013-05-24 04:51:16 GMT
Police say there are cars in the water where an interstate bridge collapsed north of Seattle Thursday night. Washington State Patrol told affiliate KING-TV the Interstate 5 bridge over the Skagit RiverMore >>
Police say there are no fatalities after cars fell into a Washington river after an interstate bridge collapsed north of Seattle Thursday night.More >>
Thursday, May 23 2013 11:30 PM EDT2013-05-24 03:30:00 GMT
Investigators in Indianapolis in recent weeks have discovered grenades in a house and a rocket in a tree, raising concerns over what other explosives may be in homes around the city. A Russian mortarMore >>
Investigators in Indianapolis in recent weeks have discovered grenades in a house and a rocket in a tree, raising concerns over what other explosives may be in homes around the city.More >>
Thursday, May 23 2013 10:55 PM EDT2013-05-24 02:55:15 GMT
An act of credit card fraud has been traced back to a downtown Indianapolis restaurant. Some workers upstairs love walking downstairs for a bite at Ike and Jonesy's downtown. But they say the bite isMore >>
The owner of Ike & Jonesy's downtown says he is working to find out how the credit and debit cards of several customers and employees could have been compromised.More >>
Thursday, May 23 2013 8:54 PM EDT2013-05-24 00:54:25 GMT
A woman suffered only minor injuries after getting stuck under a semi while driving on Interstate 70 Thursday evening. State police say the woman was driving west on I-70 when she lost control for unknownMore >>
A woman suffered a laceration on her arm and other injuries after getting stuck under a semi while driving on Interstate 70 Thursday evening.More >>
Thursday, May 23 2013 5:12 PM EDT2013-05-23 21:12:08 GMT
Muncie Police and Henry County Sheriff's deputies have arrested a man accused of stalking his ex-girlfriend and abusing her young child. Officers surrounded the house over concerns that Elliott ReynoldsMore >>
Muncie Police and Henry County Sheriff's deputies have arrested a man accused of stalking his ex-girlfriend and abusing her young child.More >>
Thursday, May 23 2013 4:56 PM EDT2013-05-23 20:56:01 GMT
A New York newspaper reports that a man who was friends with missing Indiana University student Lauren Spierer is now accusing her parents of harassing him. Corey Rossman, who was among the last peopleMore >>
A New York newspaper reports that a man who was friends with missing Indiana University student Lauren Spierer is now accusing her parents of harassing him.More >>
Thursday, May 23 2013 12:16 PM EDT2013-05-23 16:16:06 GMT
Indianapolis is gearing up for Memorial Day weekend. As always, 2013 is packed with family-friendly events. Use this guide to get you started and plan your weekend! The IPL 500 Festival Parade takesMore >>
Indianapolis is gearing up for Memorial Day weekend. As always, 2013 is packed with family-friendly events. Use this guide to get you started and plan your weekend!More >>
WASHINGTON -
The Federal Reserve says it will spend $40 billion a month to purchase mortgaged-back securities because the economy is too weak to reduce high unemployment. The Fed says it will keep buying the securities until the job market shows substantial improvement.
The Fed also extended a plan to keep short-term interest rates at record-low levels through mid-2015. Both steps were announced after the Fed's two-day policy meeting.
The bond purchases are intended to lower long-term interest rates to spur borrowing and spending. The Fed has previously bought $2 trillion in Treasury bonds and mortgage-backed securities since the 2008 financial crisis.
Skeptics caution that further bond buying might provide little benefit. Rates are already near record lows. Critics also warn that more bond purchases raise the risk of higher inflation later.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
Thursday, May 23 2013 4:56 PM EDT2013-05-23 20:56:01 GMT
A New York newspaper reports that a man who was friends with missing Indiana University student Lauren Spierer is now accusing her parents of harassing him. Corey Rossman, who was among the last peopleMore >>
A New York newspaper reports that a man who was friends with missing Indiana University student Lauren Spierer is now accusing her parents of harassing him.More >>
Thursday, May 23 2013 11:47 AM EDT2013-05-23 15:47:51 GMT
Indianapolis Metro Police are on the scene of a vacant home in the 1500 block of English Ave. near Spruce St. That's on the Indianapolis southeast side. IMPD says they've been working with the FederalMore >>
Authorities say bones found during a search of a vacant home near Fountain Square are not human.More >>
Thursday, May 23 2013 7:02 AM EDT2013-05-23 11:02:33 GMT
Authorities say a young boy died after being found floating face down in a backyard swimming pool in northeastern Indiana. Police say emergency crews were called to the rural Whitley County home afterMore >>
Authorities say a young boy died after being found floating face down in a backyard swimming pool in northeastern Indiana. Police say emergency crews were called to the rural Whitley County home afterMore >>
Thursday, May 23 2013 12:16 PM EDT2013-05-23 16:16:06 GMT
Indianapolis is gearing up for Memorial Day weekend. As always, 2013 is packed with family-friendly events. Use this guide to get you started and plan your weekend! The IPL 500 Festival Parade takesMore >>
Indianapolis is gearing up for Memorial Day weekend. As always, 2013 is packed with family-friendly events. Use this guide to get you started and plan your weekend!More >>
Thursday, May 23 2013 6:54 PM EDT2013-05-23 22:54:08 GMT
You paid for it. Now the question is, where is it? Tonight at 11:00 pm, 13 Investigates has discovered the State of Indiana has thousands of items classified as lost or missing. Some of it is stuff youMore >>
13 Investigates has discovered Indiana state government and universities have thousands of items classified as lost or missing, with many more listed as stolen. Some of the missing property is items you probably never even realized the state bought in the first place. More >>
Wednesday, May 22 2013 10:29 PM EDT2013-05-23 02:29:32 GMT
Undercover police detectives revealed a high-end call girl sting Wednesday. According to police, the women involved met their clients at exclusive hotels in one of the most popular places in the city. TheMore >>
Detectives arrested one woman for prostitution and have an arrest warrant out for the madam of an operation that brought in hundreds of dollars per hour.More >>
Thursday, May 23 2013 5:12 PM EDT2013-05-23 21:12:08 GMT
Muncie Police and Henry County Sheriff's deputies have arrested a man accused of stalking his ex-girlfriend and abusing her young child. Officers surrounded the house over concerns that Elliott ReynoldsMore >>
Muncie Police and Henry County Sheriff's deputies have arrested a man accused of stalking his ex-girlfriend and abusing her young child.More >>
Wednesday, May 22 2013 6:04 PM EDT2013-05-22 22:04:18 GMT
The Indianapolis 500 has not completely sold out in a more than a few years. Old-time fans say that the track has "sold out" to corporate sponsors. There was a time not long ago when the infield of theMore >>
The Indianapolis 500 has not completely sold out in a more than a few years. Old-time fans say that the track has "sold out" to corporate sponsors.More >>
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