Fed, Powell and White House
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The investigation into cost overruns on a renovation of Fed headquarters is drawing concern that it's a pretext to eventually fire the central bank chief.
The White House financial watchdog ripped Federal Reserve Chair Jerome Powell over a lavish revamp of the central bank’s Washington, DC headquarters — and warned construction could be
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ABC7 KABC on MSNSoCal Boys & Girls Clubs concerned children will lose services due to White House funding cuts"Somebody is going to have to pay for these services that are needed. We're not going to let kids starve," said Kim Richards, CEO of the Boys & Girls Clubs of Carson.
The chair of the White House Council of Economic Advisers said that some countries that are negotiating with the U.S. could see tariffs delayed.
In passing the Trump administration’s flagship domestic policy and spending bill, Congress bought NASA’s Artemis program some time. But with little chance of a new budget in place before the fiscal year starts on Oct. 1, the reprieve may be short-lived.
Instead, based on the budget process to date and statements from the White House, they view the memos as an effort by the Trump administration to move forward with canceling as many NASA science missions as possible before Congress passes a budget for the upcoming fiscal year, 2026. This fiscal year begins on October 1, three months from today.
The White House’s package to formalize spending cuts from the Department of Government Efficiency faces potential obstacles ahead in the Senate as congressional Republicans confront an upcoming deadline to enact the measure into law.
ICE is receiving a major infusion of funding to help carry out President Trump’s deportation agenda. The big budget bill passed by Republicans includes billions for the Immigration and Customs Enforcement Agency,