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Fed expected to raise interest rates. And, board votes to close Kennedy Center

The Fed is expected to raise interest rates today for the first time in three years. And, the Kennedy Center board voted yesterday to close the historic center.

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Update summary

What changed in this update

Earlier Tuesday, a federal judge again blocked the board from adding President Trump's name to the facade of the building.

Event intelligence

Kennedy Center governance and financial crisis

5 connected story threads

Current state

The Kennedy Center's Trump-appointed board has voted to immediately close the performing arts building, citing safety and financial problems, while a federal judge has again blocked it from adding President Trump's name to the facade without Congressional approval. The annual Kennedy Center Honors has been moved to Capital One Arena, the first time it will not be held at the center since the awards began in 1978.

Grounded in 4 reports across 2 sources

What changed

The Kennedy Center Honors has been relocated to Capital One Arena, marking the first time the annual ceremony will not be held at the Kennedy Center since it began in 1978.

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In this event Kennedy Center Honors awards moved to new venue amid Trump’s onslaught Earlier coverage Kennedy Center says it's on the brink of bankruptcy, might close as early as Tuesday Earlier coverage Culture critic on Kennedy Center board's crusade to restore Trump's name to the venue Earlier coverage How would a Kennedy Center shutdown impact artists and audiences? Earlier coverage
Source coverage

Source reports

US
CBS

Board votes to close Kennedy Center immediately for renovations, source says

Earlier Tuesday, a federal judge again blocked the board from adding President Trump's name to the facade of the building.

Lead source Read at CBS
US
NPR

Fed expected to raise interest rates. And, board votes to close Kennedy Center

Supporting source Read at NPR
US
Guardian

Trump-appointed Kennedy Center board votes to close institution indefinitely

Board overseeing memorial to John F Kennedy, a former president, cited safety and financial concerns for closure Kennedy Center leaders say Trump’s name on facade may avoid ‘fiscal collapse’ The Trump-appointed leaders of the Kennedy Center voted Tuesday to immediately close the institution’s performing arts building in Washington, citing safety and financial concerns. The riverside landmark, built as a memorial to…

Supporting source Read at Guardian
US
NPR

Kennedy Center board votes to close it, as judge again keeps Trump's name off

The board's vote to shutter the historic arts center came amid concerns about financial, structural problems.

Supporting source Read at NPR
US
NPR

Judge blocks plan to return Trump's name to the Kennedy Center

The judge ruled that the arts center's board may not put Trump's name back up on the building, saying such a change needs Congressional approval.

Supporting source Read at NPR
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