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Morning news brief

G7 diplomats meet to help Ukraine through the winter. Two omicron variants could cause a new COVID surge. Borrowing on credit cards and for car loans is getting a lot more expensive.

How rising interest rates affect your day to day

The fed raised interest rates again this week by 3/4 of a percent, and mortgage rates have seen their biggest jump in 40 years. Borrowing on credit cards, and car loans is also going up.