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Fifteen major banks were downgraded Thursday in a reflection of the slowing global economy and volatility in financial markets. In a sweeping move, Moody's cut the credit ratings of some of the world's largest financial institutions, including Bank of America, Goldman Sachs and Citigroup.

Bonds are being pummeled as investors fear interest rates will stay higher for longer because of high inflation. That will raise borrowing costs across the economy even more.

The comments came as federal courts ordered the Trump administration to resume food assistance payments.

By WBFO NewsBuffalo, NY – Williamsville schools are again in the top spot in Business First's annual ranking of public school systems. It is the seventh…

The credit crisis is being felt in all financial areas, especially the federal loan program for college. Three major banks have pulled out of the program, with several other non-bank lenders to follow. Financial expert Alvin Hall talks about loans, college and smart money management for college students.

Credit card receipts and other documents reveal lobbyists paid for House Majority Leader Tom DeLay's expenses during a trip to Scotland in 2000 that totaled over $120,000, The Washington Post reports. The payments are a clear violation of House ethics rules. Hear Post reporter R. Jeffrey Smith.

Columnist Bob Sullivan covers Internet scams and consumer fraud for MSNBC.com, where he writes a column called The Red Tape Chronicles. His new book is about the hidden fees found in many phone, cable, credit card and other bills.

Actor Jeff Goldblum joins NPR's Rachel Martin for a game of Wild Card.

Senate Majority Leader Schumer calls on the FBI to address the recent surge in swatting incidents, and it may be some time before New York has a chief judge replacement.

The City of Buffalo is preparing several community centers to serve as warming shelters in the event of winter emergencies. But critics in the Common Council say the Mayor's warming shelter plan is not enough. WBFO Election coverage continues.