Federal Reserve Waters Down Plan To Hike Capital Reserves For Big Banks Amid Wall Street Lobbying Efforts
In a speech on Tuesday, Michael Barr, the Federal Reserve's vice chairman for oversight, announced that the Fed was watering down proposed rules that would increase the amount of cash large banks must hold on hand, following intense lobbying from Wall Street. Federal regulators are revising the final version of Basel III, which would boost […]
Southern California representatives call for federal state of emergency amid transboundary pollution crisis
U.S. congressional representatives from Southern California on Monday called for a federal emergency declaration in hopes of bringing emergency relief to areas plagued by toxic cross-border air pollution. Democratic Reps. Juan Vargas, Sara Jacobs, Mike Levin and Scott Peters called for urgent action “in light of new findings indicating dangerous levels of toxic gases are […]
NYC Mayor Eric Adams compares self to Bible’s Job, says, ‘Pray for me’ as federal probes swirl
Mayor Eric Adams likened himself to the Bible's long-suffering Job and asked the local bishop to “pray for me” during visits to two Brooklyn churches on Sunday, days after the federal government targeted several of the mayor's top officials. Adams visited Power and Authority Evangelical Ministries on Sheffield Street and Changing Life Christian Center on […]
School chancellor’s brother bragged about political connections — but scrubbed his website after federal raid
Terrence Banks, a consultant and former MTA employee who is the target of a federal investigation into several senior Adams administration officials, took down his company's website after federal agents searched his home last week, just days after he had bragged about his political connections, The Washington Post learned. Banks, the brother of Deputy Mayor […]
Federal agents deliver evidence preservation letter to cops
The NYPD has received a preservation order from federal investigators ordering it not to destroy any electronic files as they target information related to alleged peddling activities at New York nightclubs by the twin brother of NYPD Commissioner Edward Cavan, The Washington Post has learned. “The federal government is seeking the preservation of all hard […]
Former federal prosecutor weighs impact of election results on Trump sentencing
Former federal prosecutor Thomas Dupree on Friday weighed in on how the election results could affect a late November sentencing in former President Trump's hush-money case. “My view is that in New York, I don’t think a judge can sentence him to immediate prison time,” Dupree told NewsNation’s Blake Berman on “The Hill” on the […]
Opinion: Stop hoping for a federal abortion ban; change hearts and minds instead
June 24th is Dobbs The decision effectively eliminated abortion protections at the federal level. Roe v. Wade It's been almost half a century. As expected, the incident received extensive media coverage, with hundreds of articles lamenting the negative effects of the travel ban on the 14 states that banned and 27 states that partially banned […]
Trump Appears At Manhattan Federal Court To Appeal $5M Judgment In E. Jean Carroll Case
Republican presidential candidate and former US president Donald Trump speaks at a press conference at Trump Tower in New York City, September 6, 2024. Trump held the press conference hours after he appeared in a federal appeals court for a new trial after a jury found he sexually abused and defamed E. Jean Carroll. A […]
Federal appeals court upholds ex-Capitol Police officer's conviction for deleting warning to Jan. 6 rioter
A federal appeals court on Friday upheld the obstruction conviction of a former U.S. Capitol Police officer who urged Jan. 6 rioters to remove incriminating social media posts and then deleted evidence of his own actions in trying to warn the mob. Michael Riley, a 25-year veteran police officer who was on duty when the […]
Donald Trump at Manhattan federal court as lawyers seek to overturn $5M E. Jean Carroll judgment
Former President Donald Trump appeared in federal court in Manhattan on Friday as his lawyers sought to overturn the $5 million jury verdict that found him guilty of sexually abusing author E. Jean Carroll. As the hearing began, a motorcade of 2024 Republican candidates was seen arriving outside the 2nd U.S. Circuit Court of Appeals […]