Judge quashes grand jury subpoenas of Fed, Jerome Powell in renovations probe
Source: The Hill News · Bias: Center
Summary
A federal judge ruled that Justice Department subpoenas of the Federal Reserve and its chair, Jerome Powell, may not be enforced, according to court filings unsealed Friday. U.S. District Judge James Boasberg quashed two subpoenas served on the Fed’s board of governors that sought records about a $2.5 billion renovation project on which Powell…
Judge quashes grand jury subpoenas of Fed, Jerome Powell in renovations probe
Center
A federal judge ruled that Justice Department subpoenas of the Federal Reserve and its chair, Jerome Powell, may not be enforced, according to court filings unsealed Friday. U.S. District Judge James Boasberg quashed two subpoenas served on the Fed’s board of governors that sought records about a $2.5 billion renovation project on which Powell…
Alexis Podesta secretly wore a wire against Gov. Gavin Newsom's ex-chief of staff. Now The Post has learned she's the subject of multiple state ethics investigations, including one that could haunt Xavier Becerra's campaign for California governor.
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...
A security expert warned about the impact of Trump's latest move to send hundreds of FBI analysts to Georgia.CNN law enforcement and intelligence analyst John Miller broke down Trump's decision to send 260 intelligence officials to Georgia to investigate the 2020 election results. Miller said the move is "very concerning," especially as Trump pushes the Save America Act, a voter-proof-of-citizenship law."There is a through line when you combine the idea that he is pushing the SAVE Act and then, on a holiday weekend, calls in hundreds of FBI analysts," Miller said. "When law enforcement comes in and starts doing things like this...it creates this chilling effect towards election workers and others."He explained that Trump called in "staff operations specialists and investigative operations specialists to the Atlanta field office," and "this is the kind of people where it looks like you would be dumping a ton of paperwork, maybe ballots on them."The instructions to these hundreds of FBI analysts could even be to go through the ballots and investigate them "one at a time," Miller added. However, he cautioned that, "if they're doing a recount, that kind of usurps the election authorities of the state."Whether or not they find anything, Miller warned, "You're creating this atmosphere that there's something wrong there, and I can't see these two things being unconnected," again referring to the Save America Act and noting that this "could have been done last week."
They are doing it again, folks.
The post New Orleans Kangaroo Court Issues ARREST WARRANT for Louisiana AG Liz Murrill After Grand Jury Indicts Her on 16 Felony Counts for Defending State Law Against Rogue Local Officials appeared first on The Gateway Pundit.
President Donald Trump said Federal Reserve Chair Kevin Warsh may not be able to compel his colleagues on the central bank to do what the new chair wants on monetary policy.
A Washington, D.C., grand jury returned a felony indictment against former Olympian David Hearn in connection with damage found at the Lincoln Memorial Reflecting Pool, U.S. Attorney for the District of Columbia Jeanine Pirro announced on Thursday. Hearn, 67, was indicted on the count of felony destruction of property and faces 10 years in prison.…
