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WASHINGTON (AP) — The Federal Reserve extended its year-long fight against high inflation Wednesday by raising its key interest rate by a quarter-point despite concerns that higher borrowing rates could worsen the turmoil that has gripped the banking system. “The U.S. banking system is sound and resilient,” the Fed said in a statement after its…… MORE
Arlington, TX (WBAP/KLIF) – Mourners gathered at two churches in Arlington Tuesday to pay tribute to the victims of a shooting Monday outside Lamar High School Those who came out to Most Blessed Sacrament Catholic Church and New World United Methodist Church remain in shock by the incident that left 16-year old Jashawn Poirier dead…… MORE
Severe thunderstorms may develop late on Thursday ahead of an advancing dryline, with more strong to severe storms accompanying a cold front moving through the area later Thursday night into Friday. Potential hazards include large hail, damaging winds, and a few tornadoes, mainly north of Interstate 20/30. Wednesday Mostly cloudy, with a high near 81.…… MORE
ARLINGTON (WBAP/KLIF) – School districts across North Texas are wrapping arms around Arlington’s Lamar High School this week after a shooting outside the school entrance that left one student dead and another hurt. The student suspect was arrested and is charged with Capital Murder. A potential motive is under investigation. Prayer vigils are planned for…… MORE