Saturday, May 18 2013 6:23 PM EDT2013-05-18 22:23:35 GMT
A new federal report says inmates at the Marion County Jail in Indianapolis are more likely to be sexually abused by guards than inmates at any other jail in the nation. The Justice department reportMore >>
A new federal report says inmates at the Marion County Jail in Indianapolis are more likely to be sexually abused by guards than inmates at any other jail in the nation.More >>
Saturday, May 18 2013 4:56 PM EDT2013-05-18 20:56:07 GMT
Pole Day at the Indianapolis Motor Speedway meant a lot more than just racing. This was a family affair with a little bit of something for everyone for non-stop entertainment. The day's festivities startedMore >>
Pole Day at the Indianapolis Motor Speedway meant a lot more than just racing. This was a family affair with a little bit of something for everyone for non-stop entertainment.More >>
Saturday, May 18 2013 4:03 PM EDT2013-05-18 20:03:11 GMT
It's less about the lemonade and more about the lesson. More than 20,000 local children got their first taste of the business world Saturday when they took part in Lemonade Day. The work behind JohnMore >>
It's less about the lemonade and more about the lesson.More >>
Saturday, May 18 2013 3:32 PM EDT2013-05-18 19:32:54 GMT
There could be bumping at Indianapolis this weekend. Schmidt Peterson Motorsports said Saturday afternoon that it has hired British driver Katherine Legge to drive the No. 81 car. That gives IndianapolisMore >>
There could be bumping at Indianapolis this weekend.More >>
Saturday, May 18 2013 3:28 PM EDT2013-05-18 19:28:11 GMT
Authorities in hazardous materials suits are searching an apartment in downtown Spokane, Wash., as they investigate the recent discovery of a pair of letters containing the deadly poison ricin. FBI agents,More >>
Authorities in hazardous materials suits are searching an apartment in downtown Spokane, Wash., as they investigate the recent discovery of a pair of letters containing the deadly poison ricin.More >>
Saturday, May 18 2013 3:15 PM EDT2013-05-18 19:15:59 GMT
Northeastern Indiana authorities have charged 21 people in a welfare fraud scam alleging that they illegally exploited welfare benefits to stock a Fort Wayne restaurant's pantry shelves. All 21 chargedMore >>
Northeastern Indiana authorities have charged 21 people in a welfare fraud scam alleging that they illegally exploited welfare benefits to stock a Fort Wayne restaurant's pantry shelves.More >>
Saturday, May 18 2013 3:07 PM EDT2013-05-18 19:07:30 GMT
A county surveyor from northwestern Indiana has been indicted on federal charges alleging he used public employees and resources to run his re-election campaign. U.S. Attorney David Capp announced FridayMore >>
A county surveyor from northwestern Indiana has been indicted on federal charges alleging he used public employees and resources to run his re-election campaign.More >>
Saturday, May 18 2013 1:58 PM EDT2013-05-18 17:58:30 GMT
The San Diego Chargers have agreed to a two-year deal with star pass rusher Dwight Freeney that could be worth $13.35 million. The deal to bring Freeney to the Chargers came four days after outside linebackerMore >>
The San Diego Chargers have agreed to a two-year deal with star pass rusher Dwight Freeney that could be worth $13.35 million.More >>
Saturday, May 18 2013 1:19 PM EDT2013-05-18 17:19:05 GMT
Point guard George Hill will be a game-time decision as the Pacers try to close out the Knicks. After Indiana's shootaround Saturday morning, coach Frank Vogel did not say whether Hill had passed hisMore >>
Point guard George Hill will be a game-time decision as the Pacers try to close out the Knicks.More >>
Saturday, May 18 2013 1:13 PM EDT2013-05-18 17:13:48 GMT
A Lafayette program designed to help the homeless, victims of domestic violence and nonviolent offenders is carrying on its mission despite the loss of federal funding. Efforts started under the WeedMore >>
A Lafayette program designed to help the homeless, victims of domestic violence and nonviolent offenders is carrying on its mission despite the loss of federal funding.More >>
WASHINGTON D.C. -
The Federal Reserve is expected to announce a revamped bond-buying plan today to maintain its support for the U.S. economy.
The Fed's goal would be to keep downward pressure on long-term interest rates and encourage individuals and companies to borrow and spend. If it succeeds, the Fed might at least soften the blow from tax increases and spending cuts that will kick in January if Congress can't reach a budget deal.
The two-day meeting ends Wednesday with a statement announcing the central bank's policy decisions. After that, the Fed will update its forecasts for the economy, and Chairman Ben Bernanke will hold a news conference.
It's expected that the Fed will unveil a program to buy $45 billion a month in long-term Treasurys. This would replace an expiring program called Operation Twist. With Twist, the Fed sold $45 billion a month in short-term Treasurys and used the proceeds to buy the same amount in longer-term Treasurys.
Twist didn't expand the Fed's investment portfolio; it just reshuffled the holdings. But the Fed has run out of short-term securities to sell. So to maintain its pace of long-term Treasury purchases and help keep long-term rates low, it must spend more and increase its portfolio.
(Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.)
Saturday, May 18 2013 10:40 AM EDT2013-05-18 14:40:00 GMT
Allison Jacob of Indianapolis who is a junior at Ball State University where she's majoring in Communications and Public Relations was named the 2013 500 Festival Queen on Saturday morning. She graduatedMore >>
Ball State student Allison Jacob named 2013 500 Festival Queen. More >>
Saturday, May 18 2013 4:18 AM EDT2013-05-18 08:18:20 GMT
The winning numbers were drawn Friday night in the $190 million Mega Millions jackpot. The winning numbers were 11, 15, 35, 43, 49, with a MegaBall number of 41. Saturday night, numbers will be drawnMore >>
The winning numbers were 11, 15, 35, 43, 49, with a MegaBall number of 41.More >>
Friday, May 17 2013 3:18 PM EDT2013-05-17 19:18:48 GMT
CeCe Bruce has received a couple of large tips in her life, but nothing like he one she got Wednesday morning. CeCe, a waitress at the Steak 'n Shake restaurant at Keystone and 54th Street, receivedMore >>
CeCe Bruce has received a couple of large tips in her career, but nothing like the one she got Wednesday morning.More >>
Saturday, May 18 2013 6:43 AM EDT2013-05-18 10:43:31 GMT
A car came very close to crashing into someone's home near Lawrence. It started with a brief police chase after the officer tried to pull the driver over for a traffic stop. It ended on Conreid Drive,More >>
Saturday, May 18 2013 9:14 AM EDT2013-05-18 13:14:33 GMT
The son of the U.S. national swim team director is reporting that Michael Phelps is planning a comeback for the 2016 Rio Olympics. Peter Busch, whose father Frank oversees the American program, is a newsMore >>
The son of the U.S. national swim team director is reporting that Michael Phelps is planning a comeback for the 2016 Rio Olympics.More >>
Saturday, May 18 2013 1:58 PM EDT2013-05-18 17:58:30 GMT
The San Diego Chargers have agreed to a two-year deal with star pass rusher Dwight Freeney that could be worth $13.35 million. The deal to bring Freeney to the Chargers came four days after outside linebackerMore >>
The San Diego Chargers have agreed to a two-year deal with star pass rusher Dwight Freeney that could be worth $13.35 million.More >>
Saturday, May 18 2013 1:06 AM EDT2013-05-18 05:06:01 GMT
Visitors and employees of Indiana University Health will no longer be able to buy sugary drinks from cafeterias, vending machines and gift shops on hospital campuses. Indiana University Health implementedMore >>
Visitors and employees of Indiana University Health will no longer be able to buy sugary drinks from cafeterias, vending machines and gift shops on hospital campuses.More >>
Saturday, May 18 2013 1:19 PM EDT2013-05-18 17:19:05 GMT
Point guard George Hill will be a game-time decision as the Pacers try to close out the Knicks. After Indiana's shootaround Saturday morning, coach Frank Vogel did not say whether Hill had passed hisMore >>
Point guard George Hill will be a game-time decision as the Pacers try to close out the Knicks.More >>
Saturday, May 18 2013 1:13 PM EDT2013-05-18 17:13:48 GMT
A Lafayette program designed to help the homeless, victims of domestic violence and nonviolent offenders is carrying on its mission despite the loss of federal funding. Efforts started under the WeedMore >>
A Lafayette program designed to help the homeless, victims of domestic violence and nonviolent offenders is carrying on its mission despite the loss of federal funding.More >>
Friday, May 17 2013 10:59 PM EDT2013-05-18 02:59:44 GMT
A mother is pleading with police and her neighbors to try and find the driver who struck her son in a hit and run crash. Daniel Lopez is in critical condition, fighting for his life at the hospital. PoliceMore >>
Police still don't know who struck seven-year-old Daniel Lopez, who remains in critical condition in a coma. More >>
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