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"That was my jam for about a decade." Former President Barack Obama jokes about his love for The Cheesecake Factory after claiming Trump took issue with his comparison of the White House to "Saddam Hussein opened a Cheesecake Factory." "I am the father of two daughters. Do you think I could have survived their childhood without going to the Cheesecake Factory?" Trump has defended the renovations, saying the new ballroom will replace temporary event tents used during previous administrations, including Obama's.

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"Politics played no role in the decision." Kevin Warsh rejects the suggestion that the upcoming midterm elections influenced the Federal Reserve's decision not to raise interest rates. "I didn't hear an utterance about politics," Warsh says, referring to his meeting with fellow Fed governors, adding that the upcoming election never came up during their discussions.

Americans are seeing higher prices every time they pull up to the gas pump, and Fed Chair Kevin Warsh says he’s not going to pretend otherwise. “I am not going to be the guy who says that oil prices haven’t gone up. I don’t see it,” Warsh said, acknowledging that consumers are confronting higher costs firsthand. He said those rising prices are pushing up near-term inflation expectations, but pointed to continued confidence among businesses and financial markets that the Fed will deliver price stability over time.

How much income Americans need to retire comfortably in every state

One of the biggest frustrations in the cereal aisle is finally getting a fix after decades of shoppers struggling to keep their cereal bags sealed. Cheerios is teaming up with Ziploc to introduce a new bag inside its cereal boxes that zips shut after pouring, putting an end to the familiar routine of folding, clipping, and stuffing the bag back into the box. It's a change customers have wanted for years, and General Mills says the two brands receive hundreds of thousands of requests, comments, and reactions about cereal packaging annually. The upgrade is rolling out now, starting with two familiar Cheerios varieties. Find out which ones and where to get them:

WATCH LIVE: Federal Reserve chair holds briefing after interest rate decision

WATCH LIVE: Federal Reserve chair holds briefing after interest rate decision

Federal Reserve makes interest rate decision ahead of midterms Full story here

BREAKING: The Federal Reserve holds interest rates steady at 3.75% to 4%, just six days before the midterm elections, as inflation continues to weigh on the U.S. economy. Fed policymakers voted 10-2 to keep rates unchanged after raising them by 25 basis points in September, the central bank’s first rate hike since July 2023. Rising energy costs, tariffs, and strong consumer spending have helped keep prices elevated, while the Fed’s pause leaves borrowing costs high for American households and businesses.

Nelson Peltz-led group offers to buy Wendy’s for $1.4B

Nelson Peltz's Trian Fund Management offered $1.4 billion to take Wendy's private. The $7.35-per-share bid represents a roughly 20% premium over the burger chain's valuation at Tuesday's close. The Trian-led group, which includes restaurant operator Flynn Group and investment firms BlueFive Capital and Sixth Street Partners, says the struggling chain needs years of turnaround work that's better done outside the public markets. Download the Fox News app or go to for more. Full story here

A new analysis reveals Americans need between $40,627 and $64,504 a year to retire comfortably, depending on the state. The breakdown, using the MIT Living Wage Calculator data, found that Hawaii is the most expensive state to retire in, while West Virginia is the cheapest. Download the Fox News app or go to for more. Full story here

How much income Americans need to retire comfortably in every state

President Trump is scrapping Biden-era methane regulations, claiming the move will save $45 BILLION and unlock 210 million barrels of oil. The president announced the rollback during a Tuesday rally in Lubbock, Texas, calling the restrictions on oil and gas drilling "expensive and unnecessary." The announcement comes as Trump pushes to increase domestic energy production, while environmental groups warn the rollback could lead to more pollution. Read more about Trump's announcement and what the rollback could mean for U.S. energy production:

Trump announces end of Biden-era methane rule, citing $45B in savings

More than 44,000 cans of Walmart fruit cocktail recalled over lead concerns

Social Security chief identifies 'first solution' as program faces funding concerns