Judge blocks justice department from subpoenaing Fed chair Jerome Powell
Source: US news | The Guardian · Bias: Center Left
Summary
Trump DoJ’s investigation was purportedly about the management of the central bank’s renovationA federal judge on Friday blocked the justice department from serving subpoenas to Federal Reserve chair Jerome Powell in an inquiry purported to be about the management of the central bank’s renovation.Powell disclosed the surprise investigation on 11 January, and described the move as a threat to Fed independence and part of the Trump administration’s attempts to pressure the Fed to cut rates. Continue reading...
Judge blocks justice department from subpoenaing Fed chair Jerome Powell
Center Left
Trump DoJ’s investigation was purportedly about the management of the central bank’s renovationA federal judge on Friday blocked the justice department from serving subpoenas to Federal Reserve chair Jerome Powell in an inquiry purported to be about the management of the central bank’s renovation.Powell disclosed the surprise investigation on 11 January, and described the move as a threat to Fed independence and part of the Trump administration’s attempts to pressure the Fed to cut rates. Continue reading...
Federal officials described President Donald Trump's July 4 celebration as "safe" and "well-prepared" just hours after a record heat wave forced organizers to shut down the Great American State Fair and paramedics rushed to aid attendees, several of whom were reportedly hospitalized.In a joint statement Friday, Freedom 250, the U.S. Park Police, the National Park Service, the Secret Service and the Federal Emergency Management Agency said they had coordinated to expand cooling resources, water stations and medical support for the "Salute to America" event."We are proud to welcome the public to a safe, well-prepared, and truly memorable celebration of America's 250th birthday," the statement read.The reassurance arrived alongside a quiet concession. Organizers pushed back public entry to the Washington Monument grounds from 1 p.m. to 5 p.m. "to reduce prolonged exposure to heat," cutting four hours off the window guests can spend on-site.Trump's slot was left untouched, however. The president is still scheduled to deliver remarks at 9:45 p.m., followed by a 10:30 p.m. fireworks display his task force has billed as the largest in history.The statement capped a troubled stretch for the 16-day event. The fair was forced to close for hours Friday as the capital baked under an extreme heat warning, with the heat index projected as high as 113 degrees. One attendee earlier dunked herself in a baptismal pool to escape the heat, and reporters described a largely deserted fairground throughout the week.Washington was forecast to be hotter than 99 percent of the planet on Friday, according to a Washington Post meteorologist.
The Louisiana Supreme Court on Friday temporarily halted criminal proceedings against Attorney General Liz Murrill, just one day after a New Orleans grand jury returned a politically motivated 16-count felony indictment accusing the Republican attorney general of intimidation and malfeasance.
The post UPDATE: Louisiana Supreme Court Temporarily Blocks Politically Motivated Indictment Against AG Liz Murrill appeared first on The Gateway Pundit.
The Justice Department (DOJ) declined on Thursday to release additional unredacted records from its investigation into convicted sex offender Jeffrey Epstein, telling a federal judge that it has already adequately complied with the law. The DOJ’s response came in the final hours of a court-ordered deadline to remove redactions in at least a dozen documents…
A California sports league and two school districts are being sued for allegedly forcing girls to share single-sex spaces with boys in athletic competitions. The California Interscholastic […]
Democrats are preparing a hostile audit of President Trump and his inner circle, intent on exposing — and ultimately ending — the most lucrative presidency in American history.Why it matters: Since winning the 2024 election, Trump has operated in a Wild West of his own making — monetizing the office to the tune of billions, while enabling family, friends and donors to cash in along the way.He and the White House have denied any conflicts of interest. Republicans, who spent years investigating the Biden family's business dealings, have shielded Trump from the same scrutiny.But Democrats see the presidential gold rush as corruption personified — and plan to bury Trump's orbit in subpoenas if they win the House in November's midterms.Zoom in: Trump's $2.2 billion financial disclosure is a 927-page roadmap for the coming investigations, itemizing every known venture that made 2025 the richest year of his life.A crypto business that barely existed when Trump took office minted him roughly $1.2 billion — eclipsing, in a single year, the real estate empire he spent decades building.His biggest single payday was $635 million in royalties from the $TRUMP meme coin, which has crashed roughly 95% from its inauguration-week launch — destroying billions for the small investors who bought in.Trump also reported tens of millions from legal settlements with major media and tech companies, plus new income from branded watches, sneakers, Bibles, fragrances and foreign licensing deals.Zoom out: For Democratic investigators, the ripest targets are the people around Trump: family, appointees and allies who, unlike the president, can be compelled to testify under oath.World Liberty Financial, the crypto venture launched by the Trump and Witkoff families, has become a magnet for foreign money, including a secret $500 million investment from a senior Emirati royal.A New York Times investigation found that Donald Trump Jr., Eric Trump and the sons of Commerce Secretary Howard Lutnick have ties to at least 14 companies seeking $8.9 billion in federal support for critical-minerals deals.Jared Kushner, Trump's son-in-law, has raised billions from Gulf governments while leading Middle East peace talks. In Albania, Kushner's firm won "strategic investor" status for a $1.4 billion luxury resort on a protected island — igniting mass protests dubbed the "flamingo revolution."What they're saying: Trump dismissed criticism of his financial disclosure on Wednesday, telling reporters his money is run by outside advisers in what he called a "blind account.""Everybody is profiting," Trump said, because "the stock market's going up."In a CNBC interview Thursday, Trump said he didn't know about many of the crypto gains disclosed in the filing because his son Eric and outside firms handle his investments. But he also argued that even if he had known, "there's nothing illegal with that," saying presidents cannot realistically recuse themselves from every decision that might affect their finances.Reality check: Trump's defense focuses on who manages his investments. Democrats are preparing to scrutinize the much bigger ecosystem around them: a portfolio that made more than 21,000 securities transactions in 2025, a family crypto empire, foreign business deals and other ventures that expanded alongside his presidency.The explanation also sidesteps broader ethics questions, including Trump's acceptance of a $400 million Qatari jet that entered service as Air Force One on Wednesday.Trump plans to keep the luxury plane — the largest foreign gift in U.S. history — for his presidential library after he leaves office.White House spokesperson Anna Kelly said in a statement: "President Trump only acts in the best interests of the American public — which is why they overwhelmingly re-elected him to this office, despite years of lies and false accusations against him and his businesses from the fake news media. There are no conflicts of interest."The big picture: Scrutiny of Trump's finances comes amid a growing anti-billionaire current in U.S. politics, exacerbated by a cost-of-living crisis the president repeatedly has downplayed.The number of democratic socialists in Congress is poised to more than double after the midterms, giving the left's anti-oligarchy message a bigger platform inside the Democratic Party.Sen. Jon Ossoff (D-Ga.) has made corruption the central theme of his re-election message, drawing 2028 chatter for his viral speeches detailing the Trump family's foreign windfalls.For Democrats, the bet is that Trump's profits can become part of a broader affordability argument: Washington works for the well-connected, while everyone else pays the price.The bottom line: It's no secret that Democrats intend to make life miserable for Trump and his inner circle if they win the midterms."They will turn every committee of Congress into an investigative body, and they'll go after the president's family, the Cabinet, his donors and friends," House Speaker...
