Federal Reserve Chairman Jerome Powell says he will not resign if asked by Trump
The Fed chairman said in a press conference after Thursday's rate cut announcement that he would not resign if President-elect Donald Trump asked him to. Chairman Jerome Powell asked A reporter talks about the possibility that President Trump may ask for his resignation following the surprising results of Tuesday's election. “Mr. Trump had accused Mr. […]
Federal Reserve cuts interest rates for the second time this year
The Federal Reserve cut interest rates by 0.25% on Thursday, the second straight cut after two years of rate hikes aimed at curbing post-pandemic inflation. The Federal Open Market Committee (FOMC), the committee of Fed officials responsible for setting interest rates, lowered its benchmark borrowing cost range to a range of 4.5% to 4.75%. The […]
CFPB Orders Navy Federal Credit Union to Pay More Than $95 Million for Illegal Surprise Overdraft Fees – Consumer Financial Protection Bureau
Washington DC – Today, the Consumer Financial Protection Bureau (CFPB) took action against Navy Federal Credit Union for charging illegal overdraft fees. From 2017 to 2022, Federal Navy charged customers unexpected overdraft fees for certain ATM withdrawals and debit card purchases, even if there was sufficient funds in the account at the time of the […]
Federal military draft agency reposts message suggesting US is becoming 1936 Nazi Germany: report
The federal agency responsible for registering Americans for the draft, if necessary, reportedly reposted a message suggesting the United States is becoming Nazi Germany in 1936. “You idiots who still believe military service is voluntary. Remember Germany in 1936,” said a post shared by the Selective Service System on its X account on Wednesday. New […]
Special Counsel Jack Smith Weighs How To ‘Wind Down’ Trump’s Federal Charges
Special Counsel Jack Smith speaks to the press at the U.S. Department of Justice Building in Washington, DC, on August 1, 2023 (Photo by SAUL LOEB/AFP) (Photo by SAUL LOEB/AFP, Getty Images) OAN Staff Avril Elfie5:48 PM – Tuesday, November 6, 2024 Special Counsel Jack Smith will consider how to quash two federal lawsuits filed […]
Federal judge blocks luxury brand merger between Tapestry and Capri
Kudrow panelists Liz Peek and Caroline Downey react to the FTC's lawsuit to block the $8.5 billion Tapestry-Capri merger. A federal judge blocked the lawsuit Thursday. Merger pending The luxury handbag and accessories maker proposed acquiring Tapestry and Capri on the grounds that it would stifle competition. The proposed $8.5 billion merger between Tapestry and […]
EXCLUSIVE: Ted Cruz Campaign Accuses Political Opponent Of Violating Federal Law With Chuck Schumer, Fellow Democrats
Republican Texas Sen. Ted Cruz's campaign filed a complaint Thursday with the Federal Election Commission (FEC) against Democratic Rep. Colin Allred. The senator alleges that his opponent is conducting illegal activities in coordination with Senate Minority Leader Chuck Schumer and the Democratic Senatorial Campaign Committee (DSCC). The Daily Caller first obtained a copy of the […]
Federal agencies ordered to use ‘most powerful’ AI systems in first-ever National Security Memo on AI
The U.S. National Security Council on Thursday released its first ever memorandum on artificial intelligence (AI), ordering federal agencies to use the “most powerful” AI systems while balancing the risks associated with new technologies. of national security memorandum The NSM details the U.S. approach to harnessing the power of AI for national security and foreign […]
Federal appeals court hands Biden-Harris DOJ big win in Jan. 6 criminal cases
A federal appeals court has upheld misdemeanor trespass charges against more than 1,400 defendants who protested at the U.S. Capitol on Jan. 6, but the issue could be argued before the U.S. Supreme Court. in 45 page judgment, On January 6, a three-judge panel found defendant Qui. Upheld the conviction of Griffin. The two judges […]
600 immigrants with possible ties to Venezuelan gang identified — fewer than 5% in federal custody
The Department of Homeland Security has reportedly identified more than 600 immigrants currently living in the United States who may have ties to the Venezuelan gang Tren de Aragua. According to data obtained and published by NBC News On Wednesday, about 100 of them were confirmed to be gang members and designated as “persons of […]