Treasury Secretary Scott Bessent on Thursday left open the possibility the administration could sue President Donald Trump’s pick for Federal Reserve chair, Kevin Warsh, if he doesn’t deliver on the president’s desired interest rate cuts. Trump said Saturday he would consider suing Warsh if he did not cut interest rates. The Fed is an independent […]
Category: Politics
With eight days to avert a Department of Homeland Security shutdown, serious negotiations have yet to begin, Senate Majority Leader John Thune said Thursday. The South Dakota Republican said Sen. Katie Britt (R-Ala.), who is leading the talks for Republicans, has reached out to Democrats for a sitdown but has gotten “crickets” so far in […]
A sizable number of Senate Democrats haven’t ruled out another short-term funding punt for the Department of Homeland Security. Democratic leaders Hakeem Jeffries and Chuck Schumer sent a formal wishlist of DHS policy changes Wednesday to GOP leaders Mike Johnson and John Thune. But Republicans have little interest in their ideas, with leaders hinting at […]
Tech companies desperately want Congress to pass a federal law this year blocking state rules on artificial intelligence, and many think their best shot lies with California Republican Rep. Jay Obernolte, a former computer engineer now serving his third term in the House. There’s just one problem: House GOP leaders don’t appear to be listening […]
Georgia Republican Rep. Barry Loudermilk announced he will not run for reelection this year, the latest Republican to retire amid what’s shaping up to be a tough midterm for Republicans. Loudermilk, who was first elected to Congress in 2014, said in a statement he’s retiring to “spend more dedicated time with my family.” “Although I […]
House Oversight and Government Reform Committee Chair James Comer is considering calling Bill Gates to testify in his ongoing Jeffrey Epstein investigation, saying in an interview Wednesday a bipartisan group of lawmakers on the panel are pressing for a chance to question the billionaire Microsoft founder. “We’re certainly looking at that, so we’ll have more […]
Democratic and Republican leaders showed no sign of narrowing their differences on Department of Homeland Security funding Wednesday as a Feb. 13 deadline draws nearer. House Minority Leader Hakeem Jeffries and Senate Minority Leader Chuck Schumer reiterated demands for new restrictions on immigration enforcement agencies at a joint news conference. Flanked by other Democratic leaders, […]
Tim Scott on DOJ probe into Powell: ‘I do not believe that he committed a crime’ in Fed HQ testimony
Senate Banking Chair Tim Scott on Wednesday said he did not believe Federal Reserve Chair Jerome Powell committed a crime during his congressional testimony last year about the central bank’s headquarter renovations. “I was the one asking the questions,” he said on Fox Business. “Jay Powell was responding to me. Obviously, he and I have […]
Congress just launched itself onto a nine-day runway to overcome deep partisan divides over the fate of President Donald Trump’s immigration enforcement agenda — and conditions are trending toward another lengthy shutdown for the Department of Homeland Security. According to several senators, DHS funding talks were largely on hold while lawmakers waited for the House […]
Sen. Mitch McConnell checked himself into a local hospital Monday night “in an abundance of caution” after experiencing “flu-like symptoms,” a spokesperson for the Kentucky Republican said Tuesday. McConnell missed Senate votes on Monday and Tuesday. A polio survivor, McConnell has had increasingly public mobility challenges, including a series of falls in recent years, and […]