By Daniel Wiessner (Reuters) -President Donald Trump has repeatedly mused about firing Federal Reserve Chair Jerome Powell and, ahead of a visit to the U.S. central bank’s headquarters on Thursday, called him a “numbskull” for not cutting U.S. interest rates. If Trump fires Powell, he will be wading into uncharted legal territory by testing the …
Explainer-Could Trump legally fire Fed chief Powell? Read More »
By Jarrett Renshaw and Gram Slattery WASHINGTON (Reuters) -The White House has tapped a former mining executive to head an office at the National Security Council focused on strengthening supply chains, three sources said, as a pared-down NSC zeroes in on a few of President Donald Trump’s most oft-stated priorities. David Copley, who was chosen …
Exclusive-White House taps mining expert to head national security office, sources say Read More »
By David Shepardson WASHINGTON (Reuters) -Three Democrats on the House Energy and Commerce Committee raised serious concerns about T-Mobile’s involvement in the Trump Organization’s self-branded mobile service and a $499 smartphone dubbed Trump Mobile. Representatives Frank Pallone, the ranking member of the committee, and Doris Matsui and Yvette Clarke, asked T-Mobile CEO Mike Sievert to …
US House Democrats raise concerns about T-Mobile role in Trump Mobile service Read More »
By Daphne Psaledakis and Bhargav Acharya (Reuters) -The State Department has opened an investigation into Harvard University’s eligibility as a sponsor in the U.S. exchange visitor program, Secretary of State Marco Rubio said on Wednesday, as the Trump administration takes aim at the country’s oldest and richest university. Harvard has become a central focus of …
State Department probing Harvard’s eligibility in exchange visitor program Read More »
By David Shepardson WASHINGTON (Reuters) -A bipartisan group of U.S. senators on Wednesday proposed new airport baggage screening systems and technology updates at checkpoints to improve security and shorten wait times as air travel hits records. Senator Jerry Moran, Republican chair of a subcommittee on aviation, along with Democratic Senators Chris Van Hollen and Michael …
US senators propose bill aimed at shortening airport security lines Read More »
(Reuters) -U.S. President Donald Trump on Wednesday reiterated his criticism of Federal Reserve Chairman Jerome Powell amid his ongoing call for lower rates, and called on the central bank’s board to act. “Our Rate should be three points lower than they are, saving us $1 Trillion per year (as a Country). This stubborn guy at …
Trump again calls for Fed board to act, says Powell ‘doesn’t get it’ Read More »
WASHINGTON (Reuters) -The office of U.S. Democratic former President Barack Obama said on Tuesday that a document issued last week by the Office of the Director of National Intelligence does not undercut the conclusion that Russia tried to influence the 2016 U.S. election but that it did not manipulate any votes. “Nothing in the document …
Obama reiterates conclusion of attempted Russian interference in 2016 election Read More »
(Reuters) -Once again, the U.S. has said it will pull out of the United Nations culture and education agency UNESCO, with U.S. President Donald Trump repeating a move from his first term in office that his successor, Joe Biden, had reversed. Here are some important dates in the sometimes tumultuous relationship between the U.S. and …
Key dates in the US and UNESCO’s on-again, off-again relationship Read More »
By Jarrett Renshaw and Alexandra Alper WASHINGTON (Reuters) -The White House intends to publish a plan on Wednesday that calls for the export of American AI technology abroad and a crackdown on state laws deemed too restrictive to let it flourish, a document seen by Reuters shows. According to a summary of the draft plan …
WASHINGTON (Reuters) -There is no need for U.S. Federal Reserve Chair Jerome Powell to immediately step down, Treasury Secretary Scott Bessent said on Tuesday, adding that the Fed chief’s legacy should be to right-size the central bank’s non-monetary policy functions. Bessent’s comments in an interview on Fox Business Network come a day after he called …
US Treasury chief: No need for Fed’s Powell to step down right now Read More »
