Feds unlikely to claw back Washington’s $1.1 billion in mishandled funds: Auditors
(The Center Square) – Despite a recent audit finding Washington state agencies mishandling more than $1 billion in federal COVID-19 aid, the State Auditor’s Office says it’s not common for federal departments to demand those tax dollars back from the state. A recent report from the SAO found a record 86 issues with how 11 state agencies […]
Feds blast ‘Gold Bar Bob’ Menendez’s blame-his-wife defense at bribery trial
Federal prosecutors argued Tuesday that Sen. Bob Menendez’s brazen plan to pin the blame for his far-reaching bribery scheme on his wife was simply a “desperate” excuse to avoid his own responsibility. “There’s no way she could have fooled him into not knowing what she was doing,” prosecutor Paul Monteleone told jurors in Manhattan federal […]
Hunter Biden withdraws bid for new trial in gun case after feds blast him for ‘failure to read’ orders
Hunter Biden, the eldest son, withdrew his request for a new trial on Tuesday after accusing federal prosecutors of “misunderstanding appellate practice” and “not reading” previous court orders. The 54-year-old man, who was convicted on June 11 of three counts of falsely claiming to be under the influence of drugs to obtain a firearm, filed […]
Fed’s Powell says more ‘good’ inflation data would bolster case for rate cuts
Strategas’ Jason Trenerth says it’s hard not to get involved in the stock market on “Maria Bartiromo’s Wall Street.” Chairman of the Federal Reserve System Jerome Powell He said Tuesday that policymakers were encouraged by recent data suggesting inflation was receding, and continued progress would strengthen the case for cutting interest rates. “The data for […]
‘Depraved’: Foreign National Paid Money, Offered Sex, In Bid To Kill Lover’s Wife, Daughter, Feds Allege
Federal prosecutors accused a New York-based foreign woman of offering money and sex to her boyfriend in a plot to kill his wife and adult daughter. Yue Zhou, 42, of Flushing, Queens, appeared before U.S. District Judge Robert M. Levy in Brooklyn federal court on a charge of contract murder. according to the U.S. Attorney’s […]
Two congirls charged in ‘callous’ romance scam that duped over a dozen elderly men of $7M: feds
Federal prosecutors in Manhattan say two “ruthless” prostitutes scammed at least 16 lonely elderly people out of more than $7 million in a long-running romance scam. Prosecutors allege that Rosanna Lisa Stanley and Gina Guy lured “elderly” victims with phony kidney and liver transplant schemes, then paid the con artists large sums in bogus business […]
Federal Court Lifted Biden’s Natural Gas Exports Pause, But The Feds May Not Be ‘Lifting A Finger’ Anytime Soon
The Biden administration does not appear to intend to approve any new liquefied natural gas (LNG) export hubs, despite a federal court ruling on Monday lifting the policy, according to energy industry experts who oppose the moratorium and prominent environmental groups that support it. Judge James Cain Jr. of the U.S. District Court for the […]
Man Admits To Illegally Exporting ‘Sophisticated And Controlled’ Aircraft Tech To Russian Security Service, Feds Say
A Kansas businessman has admitted to violating export control and money laundering laws by illegally exporting U.S.-made aviation electronics to Russia before and after Russia’s invasion of Ukraine, the Department of Justice announced Tuesday. Douglas Edward Robertson, 56, of Olathe, pleaded guilty to engaging in a “long-standing conspiracy to circumvent U.S. export laws by submitting […]
Feds keep on seizing fentanyl, weapons at US-Canada border as crisis continues
(The Center Square) Federal agents working at immigration checkpoints in northern U.S. cities and small towns along the U.S.-Canada border continue to disrupt illegal activity. Federal agents operating in Detroit, Chicago, Cincinnati and small border towns in North Dakota continue to crack down on fentanyl, weapons, counterfeit e-cigarettes and illegal prescription drugs stemming from the […]
Fed’s Powell says prices are ‘back on disinflationary path,’ but more confidence is still needed
Investors are closely watching comments from central bank governors for clues about future interest rate movements. Chairman of the Federal Reserve System Jerome Powell The Federal Reserve chairman said Tuesday that policymakers have made “substantial” progress in fighting inflation but need to see more evidence before they start cutting interest rates. Speaking at a central […]