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DOJ Opens Criminal Probe of Fed Chair Powell

The Justice Department has launched a criminal investigation into Federal Reserve Chair Jerome Powell over testimony and renovation spending, triggering fierce bipartisan backlash and raising urgent questions about the Fed’s independence and market stability

Number

500+ — Estimated deaths reported in Iran protests so far

Quote

"Road to a banana republic" — Janet Yellen

SPX 6,977 ↑ 0.16% Dow 49,590 ↑ 0.17% Nasdaq 23,734 ↑ 0.26% Gold 4,590 ↓ 0.52% BTC 91,268 ↑ 0.08%

24 Hours

DOJ opens criminal probe of Fed chair Jerome Powell

The Justice Department has launched a criminal inquiry into Federal Reserve Chair Jerome Powell, prompting immediate legal and political fallout. Coverage focuses on subpoenas, legal implications, and Powell’s public pushback as the Fed defends its independence.

GOP senators break with Trump over Powell probe

Republican lawmakers and former Fed officials are splitting over the Justice Department action, with some GOP senators and former chairs defending Powell. The cluster captures the intra-party revolt and efforts to rein in the White House assault on the Fed.

Dollar wobbles as markets fret over threat to Fed independence

Markets reacted nervously to the Powell investigation and tariff threats, with volatility across stocks, bonds and the dollar. Traders digested headlines as investors weighed policy risks and geopolitical shocks.

Violent mass protests in Iran escalate as death toll climbs

Widespread anti‑regime demonstrations in Iran have escalated into a national crisis. Reports indicate hundreds killed, the U.S. urges citizens to leave, and Washington weighs covert and overt responses.

White House says ‘very strong options’ on Iran being considered

The White House is publicly weighing military options while also using economic pressure against Tehran. Officials have proposed strong measures and the president announced trade penalties aimed at isolating Iran.

Trump imposes immediate 25% tariff on any country trading with Iran

The administration’s tariff threats expanded into several public orders and statements as the White House moved to punish countries doing business with Iran. Multiple announcements created diplomatic confusion and market concern.

New video shows minutes before immigration officer fatally shot woman in Minneapolis

Bodycam and bystander footage continues to surface from the Minneapolis operation that left Renée Good dead. Video releases and investigative threads fuel national debate over federal enforcement tactics.

Minnesota sues Trump administration to block ICE enforcement surge

State and city officials have filed federal lawsuits seeking to halt what they call an unlawful and militarized immigration operation. Legal challenges aim to restrict federal deployments and protect local governance.

Illinois and Chicago sue DHS over alleged abusive federal tactics

Illinois and the city of Chicago have separately joined legal action over DHS and ICE tactics, alleging abusive enforcement that harms public safety. These suits escalate state and municipal resistance to federal immigration policy.

House Democrats aim Homeland Security budget at reining in ICE

House Democrats are moving to use budget tools to constrain ICE operations after the Minneapolis shooting. Lawmakers debate funding strings and oversight as part of a broader fight over federal immigration strategy.

Crowd chants ‘cowards’ after federal agents crash into car and fire tear gas in Minneapolis

Confrontations in Minneapolis have become increasingly chaotic as federal officers clash with protesters. Reports document aggressive tactics, tear gas use, and public outrage at scenes outside ICE operations.

GoFundMe for ICE agent brings in hundreds of thousands for legal defense

Fundraising and online campaigns supporting the ICE agent who shot Renée Good have become flashpoints, with rival GoFundMe pages, high profile donations, and extremist rhetoric stirring controversy and scrutiny.

Arson heavily damages historic Mississippi synagogue

A targeted arson heavily damaged Magnolia’s historic Beth Israel synagogue, prompting an FBI hate‑crime probe and national condemnation. Authorities say the suspect admitted targeting it for its Jewish ties.

Man arrested after allegedly driving U Haul into Iran protesters in Los Angeles

A U‑Haul drove into a Los Angeles crowd supporting Iranian protesters, injuring people and prompting an assault investigation. Authorities have identified and charged the driver as tensions spill onto U.S. streets.

Trump’s plans for Venezuelan oil face legal and logistical reality

U.S. operations in Venezuela and the fate of the Maduro regime remain central to White House policy. The administration’s moves on oil and diplomatic recognition have sparked international and domestic debate.

Venezuela releases dozens of political prisoners as families wait for more

Diplomacy and symbolic moves continue as Venezuelan opposition leader María Corina Machado meets global figures and visits Washington. Prisoner releases and international visits signal fluid politics in Caracas.

Florida congressman files bill to annex Greenland

Lawmakers and aides are proposing and debating measures regarding Greenland after presidential rhetoric about seizing the territory. Congressional delegations are headed to Denmark as proposals to annex or acquire Greenland circulate.

Senator Mark Kelly sues Defense Secretary Pete Hegseth

Senator Mark Kelly has sued Defense Secretary Pete Hegseth and the Pentagon after attempts to demote him sparked a constitutional fight. The legal battle raises questions about military discipline and political retaliation.

Meta names former Trump adviser Dina Powell McCormick as president

Meta’s leadership shakeup and cost cuts signal a strategic pivot toward AI. The company named a former Trump adviser to a top role even as it plans layoffs in Reality Labs and reorganizes its AI priorities.

Global push grows to ban Grok after AI deepfakes spread

Elon Musk’s Grok AI and X have triggered international regulatory action after nonconsensual deepfakes proliferated. Southeast Asian bans and UK investigations escalate pressure on the platform.

Thousands of nurses walk off at major New York City hospitals

The largest nurses strike in New York City history began as thousands of medical workers walked out over staffing and pay disputes. The disruption threatens hospital operations and intensifies political scrutiny.

Judge allows offshore wind project to resume after Trump order

Federal courts have rebuffed multiple Trump moves to halt offshore wind projects, allowing construction to continue despite the administration’s objections. Energy developers and environmental groups are closely watching rulings.

U S accuses Russia of dangerous escalation in Ukraine war

The war in Ukraine continues with growing civilian tolls and new weaponry use. U.S. officials have accused Russia of escalatory strikes while Kyiv works to restore power and prepare for further attacks.

Ukraine toils to restore power and heat as Zelenskiy warns of new attack

Ukraine struggles to restore power and heat as infrastructure damage mounts and leaders warn of renewed attacks. Kyiv appeals for international aid while civilian hardship intensifies.

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