Judge Quashes Justice Dept.’s Subpoenas Targeting Federal Reserve Chair
Source: NYT > U.S. > Politics · Bias: Center Left
Summary
Judge James E. Boasberg derided the U.S. attorney’s office in Washington for pursuing a case against Jerome H. Powell that appeared to be motivated by President Trump’s desire for vengeance.
Judge Quashes Justice Dept.’s Subpoenas Targeting Federal Reserve Chair
Center Left
Judge James E. Boasberg derided the U.S. attorney’s office in Washington for pursuing a case against Jerome H. Powell that appeared to be motivated by President Trump’s desire for vengeance.
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 longtime Democratic political insider secretly served as an informant for the FBI while working for California Gov. Gavin Newsom. Alexis Podesta, who was appointed by Gov. […]
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...
Ever since a jury found President Donald Trump liable for sexual abuse and defamation in 2023, the Republican has vowed vengeance against the woman the court declared he forced himself upon in 1996. The Supreme Court has rejected Trump’s attempt to get the $5 million he owes Carroll overturned, and Carroll is now demanding that Trump pay her without further delay.In a new twist, a conservative legal group is attempting to punish the lawyer who successfully defended Carroll.“[National Legal and Policy Center] today filed a complaint with the Attorney Grievance Committee (AGC) of the New York State Supreme Court against Roberta Ann Kaplan for violating the Rules of Professional Conduct regarding the outside funding of E. Jean Carroll’s two defamation lawsuits against President Trump,” the NLPC announced on Thursday. “The lawsuits were funded by left-wing billionaire Reid Hoffman through a nonprofit called American Future Republic.”In their complaint, the NLPC claims that Carroll knowingly provided false information when she was asked during a deposition if her legal fees were bankrolled by outside sources. She said she did not, although she later said she made a mistake and her lawyers corrected the mistake as soon as possible. The NLPC also accused Kaplan of a having a “contingency fee she charged Carroll plus the legal fees she was getting from Hoffman” as being “‘excessive fees’ and thus violated New York ethics rules.”The NLPC described Hoffman as having “a near-pathological obsession with Trump and had a close relationship with Jeffrey Epstein.” It omitted to mention that Trump was close friends with Epstein, a child sex trafficker, for decades and was accused of sexually assaulting a 13-year-old girl in an encounter that Epstein facilitated. He is confirmed to have partied with Epstein privately, while young women were present, on several occasions.“As the complaint noted, it’s not clear Ms. Kaplan informed her client of Hoffman’s association with a sexual convict and his efforts to rehabilitate Epstein’s reputation to get Carroll’s informed consent to use Hoffman’s group to fund her lawsuits,” the NLPC added.Ironically, Trump himself has been accused of committing perjury during the case."That was his defense to sexual abuse. She's not my type," legal expert Adam Klasfeld explained in May. "And in this deposition, he was shown a picture that he was not aware included E. Jean Carroll, pointed to that picture, and confused her with Marla Maples. So clearly, she was his type. He confused her with his second wife."Another legal expert, Katie Phang, pointed out that it’s revealing that Trump and his supporters are not accusing Carroll of perjury regarding the substance of her claim — namely, that Trump sexually forced himself on her in a dressing room in 1996."But here's the thing: you notice how they're not going after her about the substantive testimony she provided about the sexual assault that she was victimized by Trump, right?" Phang observed. "They're not going after that. They're not going after the underlying facts of what she has alleged happened to her at the hands of Donald Trump. That is the tell."
