Bloomberg Politics

Warsh's Fed Confirmation Hearing | Balance of Power: Early Edition 4/21/2026

Apr 21, 2026Center

On the early edition of Balance of Power, Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz discuss Kevin Warsh's confirmation hearing to be the next Chairman of the Federal Reserve. On today's show, Groundwork Collaborative Senior Strategic Advisor Kitty Richards, Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino, Hoover Institution Fellow Lanhee Chen and former Republican Congressman Patrick McHenry. (Source: Bloomberg)

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Feds Announce Pipeline Steps, BC Advances Protected Areas

The Tyee | BC's home for today's news, analysis and updates

8 hours ago

Feds Announce Pipeline Steps, BC Advances Protected Areas

Alberta’s path to the coast won’t threaten the northern tanker ban. But the new oil pipeline will land near Vancouver.

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MAMDANI’S NYC: Con Edison Shuts Off Power to 10,000 Customers in Queens as Temps Soar Over 100 Degrees

The Gateway Pundit

9 hours ago

MAMDANI’S NYC: Con Edison Shuts Off Power to 10,000 Customers in Queens as Temps Soar Over 100 Degrees

Mamdani's New York City. The post MAMDANI’S NYC: Con Edison Shuts Off Power to 10,000 Customers in Queens as Temps Soar Over 100 Degrees appeared first on The Gateway Pundit.

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To Reduce Electrical Grid Strain Amid Heat Wave, Data Centers Are Ordered to Use Backup Power

NYT > U.S. > Politics

11 hours ago

To Reduce Electrical Grid Strain Amid Heat Wave, Data Centers Are Ordered to Use Backup Power

As triple-digit temperatures engulf much of the United States, the Trump administration wants grid managers to require the use of backup power that often goes unused.

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Trump Says Fed’s Warsh Faces Board That’s a ‘Bit Hostile’

Bloomberg Politics

Yesterday

Trump Says Fed’s Warsh Faces Board That’s a ‘Bit Hostile’

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.

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Krugman Calls Labor Market Soft, Disturbed by Warsh's View

Bloomberg Politics

Yesterday

Krugman Calls Labor Market Soft, Disturbed by Warsh's View

Nobel laureate Paul Krugman, a research professor at the City University of New York's Graduate Center, says all jobs data is "noisy" when reacting to the June US employment report. Speaking on "Bloomberg The Close," Krugman also says he is "disturbed" by Federal Reserve Chairman Kevin Warsh's point of view on monetary policy and warns that the Supreme Court's Trump v. Slaughter ruling gives too much discretionary power to President Donald Trump. (Source: Bloomberg)

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Supreme Court’s expansion of Trump’s firing power heads for new test

The Hill News

Yesterday

Supreme Court’s expansion of Trump’s firing power heads for new test

The Supreme Court’s decision expanding President Trump’s firing power is already headed for a test, as members of the National Credit Union Administration (NCUA) who were sacked by the president indicated Thursday they’ll keep fighting their terminations. Todd Harper and Tanya Otsuka are arguing the NCUA is just like the Federal Reserve, which the high court has signaled…

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Castro says Air Force confirmed death from flu outbreak at Texas base

The Hill News

Yesterday

Castro says Air Force confirmed death from flu outbreak at Texas base

The Air Force has confirmed a trainee died as a result of a flu outbreak at Lackland Air Force Base in San Antonio, according to Rep. Joaquin Castro (D-Texas). Keon McDaniel was in his sixth week of basic military training when he experienced a “medical emergency” June 12. He was taken to Brooke Army Medical Center and died there on June…

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Trump puts allies on notice: AI power comes first

Axios

Yesterday

Trump puts allies on notice: AI power comes first

President Trump is redefining what it means to be a U.S. ally in the AI era.Why it matters: For the White House, it's now about how partners can help the U.S. win the AI race.For decades, shared values and security interests have underpinned alliances with Europe and other partners around the world. Under Trump, that's no longer enough.As AI becomes central to economic and military power, frontier AI models, chips and infrastructure are turning into new instruments of American influence.Driving the news: The Trump administration is blocking allies from accessing the world's most powerful models, playing it close to the vest and criticizing Europe for not having its own robust AI industry.With export controls on Fable and Mythos lifted on Tuesday, Anthropic and the Trump administration are continuing Project Glasswing efforts, which the company previously said would give access to Mythos to 150 more organizations across more than 15 countries.Fable is also back.Commerce retains the power to pull back access when it deems appropriate. "The problem we have is that we are leading everybody by a lot," Trump said in a recent interview with "The Axios Show." "Europe has to be very careful. They're losing their way entrepreneurially."Trump pointed to the U.K. not tapping into energy sources in the North Sea because of environmental concerns: "It's crazy." Between the lines: The Trump administration's AI restrictions are part of a broader transactional approach to alliances.Catch up quick: Vice President JD Vance's speech last year at the Paris AI Summit set the stage for a confrontational relationship with the European Union.The U.S. was quick to rebuke the EU's focus on safety over innovation with Trump entering his second term laser-focused on deregulation. But the president now finds himself behind an ad hoc licensing regime that's creating its own regulatory uncertainty, both domestically and abroad.OpenAI's GPT-5.6 was forced into a staggered rollout last month due to government concerns.What they're saying: European Commission spokesperson Thomas Regnier on Wednesday said the bloc is looking forward to "intensifying" discussions with Anthropic to gain access to Mythos through Project Glasswing and that, in the meantime, it has access to GPT-5.5-Cyber.The EU has a delegation in the U.S. to determine the scope of a future tech dialogue, the frequency of meetings and the level at which they'll be held.The dialogue is expected to include frontier AI models, chip supply chains and cybersecurity."But we have one clear line," Regnier said, "which is that our sovereign legislation is not up for negotiation."Omran Sharaf, the United Arab Emirates' assistant foreign minister for advanced science and technology, told Axios "it's very important that trusted partners and strategic partners are included in the process."That way it is "synchronized and we're applying similar standards in controlling such technologies, rather than having something that gets imposed."The big picture: AI is changing what the White House wants in its alliances.Just last week, the EU and several European governments signed onto Pax Silica, the U.S.-led effort to secure AI supply chains and critical minerals, even as the White House restricts their access to frontier AI models.For the U.S., Europe is all of the above: a restraint, an indispensable partner and a competitor.The administration is simultaneously rejecting Europe's AI rules, inking deals with the region to secure supply chains and blocking access to cutting-edge technology.The bottom line: With the most advanced AI, allies will have to adjust to being considered trusted U.S. partners only in some cases."The conclusion that governments are coming to is: We'll be part of Pax Silica, yes. We'll work with the U.S. ecosystem where we can. We'll build around what we can't," A.J. Bhadelia, Cohere's head of global government affairs and external affairs, told Axios.

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Warsh's Fed Confirmation Hearing | Balance of Power: Early Edition 4/21/2026

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Warsh's Fed Confirmation Hearing | Balance of Power: Early Edition 4/21/2026

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