Author: Leslie Stewart

A federal judge is asking the Justice Department and President Donald Trump’s personal lawyer to explain whether his $10 billion lawsuit against the Internal Revenue Service, the agency he oversees as president, is the type of dispute that federal courts can consider.Subscribe to read this story without ads Get unlimited access to ad-free articles and exclusive content.U.S. District Judge Kathleen Williams questioned whether an actual disagreement existed between the parties in Friday’s order, writing that a lawsuit can only succeed if there is a disadvantage that meets the controversy requirement.“Adverse situations are typically found in situations where one party asserts…

Federal Reserve Chairman Jerome Powell holds a press conference after a two-day meeting of the Federal Open Market Committee (FOMC) at the Federal Reserve Board in Washington, DC, on March 18, 2026. Kevin Lamarque | ReutersFederal Reserve Chairman Jerome Powell is likely entering his final weeks at the helm of the central bank, and now faces the choice of whether to remain at the central bank following Friday’s Justice Department decision.U.S. Attorney Jeanine Pirro announced in a social media post that she is referring the criminal investigation into the renovations to the Federal Reserve’s headquarters to the central bank’s inspector…

The Justice Department on Friday dropped a criminal investigation into the Federal Reserve and its leader, Chairman Jerome Powell, over a renovation project at the central bank’s Washington headquarters.Subscribe to read this story without ads Get unlimited access to ad-free articles and exclusive content.”This morning, the Federal Reserve’s Inspector General was asked to scrutinize billions of dollars in construction cost overruns borne by taxpayers,” D.C. U.S. Attorney Jeanine Pirro said in a post on X.“Accordingly, I have directed my office to close the investigation as the IG conducts this investigation.””If the facts warrant it, we will not hesitate to reopen…

President Donald Trump on Thursday touted plans to coat the Lincoln Memorial’s reflecting pool in a shade of “Stars and Stripes Blue.” This is one of the president’s latest construction efforts to renovate government buildings and monuments in Washington, D.C.Subscribe to read this story without ads Get unlimited access to ad-free articles and exclusive content.President Trump said he was inspired to oversee the renovation work after a friend visiting from Germany pointed out the building’s deterioration.”He said, ‘It’s dirty, it’s dirty. The water is ugly. It’s not representative of our country,'” Trump recalled Thursday at a White House event on…

The Justice Department announced Thursday that it is moving to ease regulations on state-licensed medical marijuana and open the door to more research and treatment options.Subscribe to read this story without ads Get unlimited access to ad-free articles and exclusive content.Acting Attorney General Todd Blanche said in a post onSchedule I drugs also include heroin, ecstasy, and LSD and are considered more dangerous and are more strictly regulated. Blanche said FDA-approved marijuana and state-approved marijuana will now be classified as Schedule III drugs, defined as “drugs with a moderate to low potential for physical and psychological dependence.”this is developing story.…

An Iranian salesman sits next to a portrait of Iran’s late Supreme Leader Ayatollah Khamenei at a fruit shop in the Shahid Boroujerdi residential complex in southern Tehran, Iran, on April 14, 2026. Morteza Nicobazul | Nur Photo | Getty ImagesThe war in the Middle East has sent Iran’s already fragile economy into free fall.Tehran’s main war tactic is economic damage. Iran’s attacks targeted energy infrastructure in neighboring countries and closed off the vital Strait of Hormuz, through which about 20% of the world’s oil and gas was transported before the war, causing the worst energy shock in decades.However, its…

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Kevin Warsh, President Donald Trump’s pick to lead the Federal Reserve, told lawmakers he wants the central bank to change its strategy for measuring inflation.But Aditya Bhave, an economist at Bank of America, warned on Wednesday that such a reconfiguration, part of a broader “systemic change” that Warsh has promised the central bank, may not work out as he hoped.The Fed has long favored a core price index of personal consumption expenditures, known as core PCE, because it excludes volatile food and energy prices.But Warsh wants to go a step further by eliminating extreme price shocks when calculating overall inflation.”What…

Two University of South Florida doctoral students are missing, the school’s police department said in a statement Tuesday. Subscribe to read this story without ads Get unlimited access to ad-free articles and exclusive content.Zamir Limon and Nahida S. Bristi, both 27, were last seen on Thursday, according to US FPD. Police said Limon, a doctoral student pursuing a degree in geography, environmental science and policy, was last seen at his home in Tampa at 9 a.m. Thursday. There has been no contact with him since then, and the Hillsborough County Sheriff’s Office filed a missing persons report on his behalf.…

U.S. President Donald Trump speaks at the NCAA Collegiate National Champions Day event at the White House on April 21, 2026 in Washington, DC. Brendan Smialowski AFP | Getty ImagesPresident Donald Trump’s announcement that the ceasefire would continue for talks with Iran eased fears that the United States was about to resume attacks, but investors largely reacted with a shrug.Asian stocks were mixed overnight, but European markets edged higher and US stock futures edged higher.International benchmark Brent crude oil futures and U.S. West Texas Intermediate futures were trading at $99.81 and $90.86 per barrel, respectively, as of 4:52 a.m. ET,…