Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Republican senators pan DOJ probe into Fed Senate Republicans are rushing to defend Federal Reserve Chair Jerome Powell from a Department of Justice (DOJ) criminal investigation that Powell says is politically motivated and aimed at undercutting...
The Trump administration is telling U.S. citizens to exit Iran immediately in the wake of unrest in the country. A security alert by the virtual U.S. Embassy for Iran advises American citizens to “leave Iran now” and “have a plan for departing Iran that does not rely on U.S. government help.” “Protests across Iran are...
President Trump’s top national security officials are set to brief him Tuesday with options for the U.S. to respond to the Iranian regime’s deadly use of force against protests sweeping the country. Trump has threatened military intervention and said he is looking at “strong options” to respond to what human rights groups allege is the...
A federal judge on Monday temporarily allowed an offshore wind farm to keep building after yet another attempt by the Trump administration to halt it. Judge Royce Lamberth, a Reagan appointee, issued a preliminary injunction halting a stop-work order the Trump administration issued against Revolution Wind. The Trump administration ordered Revolution Wind, along with four similar...
A federal court is ordering the Trump administration to reinstate funding for seven green projects after they alleged they were treated unfairly because they were mostly located in blue states. D.C. District Judge Amit Mehta ruled that the Trump administration’s move to cancel the funding violated awardees’ rights under the Fifth Amendment. “Defendants freely admit that they made...
Senate Republicans are rushing to defend Federal Reserve Chairman Jerome Powell from a Department of Justice criminal investigation that Powell says is politically motivated and aimed at undercutting the Fed's independence. GOP lawmakers are challenging the Trump administration’s investigation of Powell a week after five Republican senators voted to advance a war powers resolution to...
Sen. Chuck Grassley (R-Iowa) on Monday released the findings of his investigation into UnitedHealth Group's (UHG) Medicare Advantage billing practices, alleging the health insurer used "aggressive strategies" to maximize risk adjustment scores and worked against federal efforts to tamp down overspending. Last year, Grassley launched an investigation into UHG's billing practices after The Wall Street...
A former congressional staffer was arrested Friday and charged with stealing roughly 240 government cell phones, U.S. Attorney for D.C. Jeanine Pirro announced Monday. The former staffer, 43-year-old Christopher Southerland, was a system administrator for the House Transportation and Infrastructure Committee from April 2020 until July 2023 — a role which authorized him to order...
A bipartisan group of lawmakers will travel to Denmark in the wake of a recent push by President Trump to acquire Greenland, which is a Danish territory. The group includes Sens. Chris Coons (D-Del.), Lisa Murkowski (R-Alaska), Thom Tillis (R-N.C.), Dick Durbin (D-Ill.) and Jeanne Shaheen (D-N.H.), as well as Reps. Gregory Meeks (D-N.Y.), Madeleine...
White House press secretary Karoline Leavitt said on Monday that there is no "timeline" for the U.S. to acquire Greenland, but she said it was a “priority.” “[President Trump] has not set a timeline but it’s definitely a priority for him,” Leavitt told reporters at the White House. “I think the president was very clear...
Rep. French Hill (R-Ark.), chairman of the House Financial Services Committee, on Monday became the latest Republican in Congress to speak out against the criminal investigation into Federal Reserve Chair Jerome Powell. In a statement Monday, Hill called the Justice Department probe “an unnecessary distraction,” as he underscored his confidence in Powell’s integrity. "I've known...
Sen. Mark Kelly sued the Defense Department on Monday after Secretary Pete Hegseth sought to censure the Arizona Democrat over a viral video urging servicemembers to disobey illegal orders from this fall. “His unconstitutional crusade against me sends a chilling message to every retired member of the military: if you speak out and say something...
Sen. Mark Kelly (D-Ariz.) filed a lawsuit against Defense Secretary Pete Hegseth on Monday over efforts to censure the senator and lower his retirement rank after he participated in a video calling on service members to reject unlawful orders. Kelly argues the Pentagon’s bid to reduce his retirement rank and military pension would “trample on protections” the Constitution lays out for legislative independence, contending the executive branch has never...
