JPMorgan Chase CEO Jamie Dimon said the Department of Justice (DOJ) probe into Federal Reserve Chair Jerome Powell could result in increased inflation and interest rates. Speaking to reporters on the call for his company’s fourth-quarter results, Dimon said “anything that chips away” at the independence of the central bank “is probably not a good...
Some House Republicans have joined in criticizing the Department of Justice’s probe into Federal Reserve Chair Jerome Powell, arguing it could undermine the regulator’s independence. Those GOP members join a chorus of Democrats and some Republican senators who have criticized the investigation, arguing it's an abuse of the Justice Department’s authority designed to pressure Powell, who...
The timeline is slipping for a bipartisan group of senators to release a compromise to revive the expired enhanced ObamaCare subsidies, according to one of the lead negotiators. Sen. Bernie Moreno (R-Ohio) told reporters Tuesday that lawmakers are looking at a deadline of the end of January to have a legislative framework ready. Moreno had previously said lawmakers would have text of a bipartisan deal as early as this...
Lindsey Halligan, the loyalist top prosecutor hand-picked by President Trump in the Eastern District of Virginia, told a federal judge Tuesday she's entitled to continue calling herself the U.S. attorney after different judge found she was unlawfully installed to the post. The contention came in sharp-tongued court filings responding to U.S. District Judge David Novak's order last...
GOP Rep. Don Bacon (R) joined House Democrats to introduce legislation seeking to preemptively block President Trump from using military force to acquire Greenland — a prospect the president has declined to rule out amid renewed interest in the Danish territory. The “No Funds for NATO Invasion Act,” introduced Monday, would prohibit the use of...
A new Economist/YouGov poll found that 46 percent of respondents support abolishing Immigration and Customs Enforcement (ICE), with 43 percent opposed to getting rid of the agency. The poll, released Tuesday, found that 35 percent of respondents strongly support eliminating the agency, while 1 in 10 somewhat support such a move. Just over 30 percent...
Iran on Tuesday allowed citizens to call internationally after days of phone and internet outages amid violent protests. More than 2,000 Iranians have been killed amid antigovernment protests, activists told The Associated Press. Some in Tehran told the newswire they were able to call abroad for the first time Tuesday but could not receive international...
The U.S. has seized five vessels in a Venezuela oil crackdown as the Trump administration files court warrants targeting sanctioned trade in international waters.
A Secret Service agent allegedly leaked Vice President JD Vance's security details in undercover video, prompting federal investigation and agency-wide retraining order.