US central bank cuts rate for first time in two years

The U.S. Federal Reserve on Wednesday cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates that helped tame inflation but also made borrowing painfully expensive for American consumers. We talk to David Kass from the University of Maryland Robert H. Smith School of Business. Celebrating the first U.S. president to reach his 100th birthday. And an American icon files for bankruptcy.