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The Latest Breaking News from Russell Vought

Trump Says Not 'Necessary' To Fire Jerome Powell — But Presses Fed Chair On Rate Cuts And $2.5 Billion Renovation: 'I'd Love Him To Lower Interest Rates'

In a rare Presidential visit to the Federal Reserve headquarters, President Donald Trump publicly pressed Fed Chair Jerome Powell to deliver sharp interest rate cuts while criticizing the central bank's $2.5 billion renovation project.

Benzinga

Trump To Tour Fed As War On Central Bank Chief Ramps Up

Donald Trump is due to visit the US Federal Reserve Thursday as the president escalates his pressure on its chairman Jerome Powell over the central bank's management of the economy.

International Business Times

Trump’s freeze on $6 billion in education funds could lead to school closures, lawmakers warn

School districts around the country have raised concerns that withholding federal funds may force some schools to close down

The Independent UK

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‘Stop violating the law!’: Exasperated judge blasts Trump for blackout over public money

White House illegally took down website data showing how taxpayer data is spent, court finds

The Independent UK

Trump’s $9B clawback against PBS and NPR may have bought him a post-summer government shutdown

President has circumvented the government appropriations process and that may heap pain on him come fall

The Independent UK

Trump calls Fed chair ‘a numbskull’ who ‘makes it difficult for people to buy a house’

In new attack, US president accuses Jerome Powell of preventing central bank from lowering interest rates

The Guardian - UK

Jerome Powell Defends $2.5 Billion Fed HQ Overhaul, Says 'No VIP Dining Rooms,' No Private Elevators As Trump Allies Slam Project Over Versailles-Style Excess

Federal Reserve Chair Jerome Powell responded to scrutiny over the central bank's multi-billion-dollar, multi-year renovation of its Washington, D.C. headquarters, emphasizing that the project is being managed responsibly, with no extravagant features or misuse of public funds.

Benzinga

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Federal Reserve says building renovation complies with law, defends costs

Federal Reserve Chair Jerome Powell on Thursday said the agency’s renovation of its office complex in Washington complies with plans approved by a local commission, disputing a White House suggestion that they had violated the law by deviating from those plans

The Independent UK

Senate GOP pushes spending bills as Democratic anger builds - Roll Call

Senate GOP appropriators to bring a package of spending bills to the floor before the August recess, Chair Susan Collins said Thursday.

Roll Call

White House seeks inspection of Fed building as Trump piles pressure on Powell

US president has suggested the central bank mismanaged funds for renovations at the Federal Reserve headquarters

The Guardian - US

Trump’s $9 billion spending cuts could spare $400 million for HIV/AIDS relief

The move to save PEPFAR funding may prove useful in rallying GOP support from powerful lawmakers like Senate Appropriations chair Susan Collins, an outspoken critic of Trump’s proposed cuts.

Fortune

Trump repudiates draft letter to fire US Fed chair Powell

Trump acknowledged discussing firing Powell with Republicans but denied a letter had been drafted to do that.

Al Jazeera

Jerome Powell 'Fatigued' and Facing Resignation Rumours Over Controversial $2.5B Fed Palace Overhaul

US Fed chair Jerome Powell continues to face mounting pressure to step down amid scrutiny into whether he was truthful to Congress about the Fed's 'Palace of Versailles' renovation to its headquarters in Washington, DC.

International Business Times UK

Employees at the nation's consumer financial watchdog say it's become toothless under Trump

Once a powerful watchdog for financial wrongdoing, the Consumer Financial Protection Bureau has seen its enforcement efforts grind to a halt under the Trump administration

The Independent UK

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Al Jazeera

Trump again slams ‘stupid’ US Fed chairman over interest rate levels

US president’s frequent attacks against Jerome Powell have sparked concerns about independence of the central bank.

Fortune

Trump admin’s attacks on Powell over $2.5 billion Fed renovation hinge on ‘VIP dining rooms’ and procedural grounds with an obscure gov agency

The most recent criticisms against Fed chair Jerome Powell come after President Donald Trump continues to demand lower interest rates.

The Independent UK

Trump ramps up his war on Jerome Powell - and might have found reason to oust the Federal Reserve chair

Donald Trump has found a new angle to attack Federal Reserve Chairman Jerome Powell and potentially replace him

Fortune

Monetary policy at the world's most important central bank could hinge on an argument over building renovation specs

The latest spat between the Trump administration and the Federal Reserve is sounding more like a home-improvement reality TV show.

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The Guardian - US

Trump defends Texas flood handling as disaster tests vow to shutter Fema

Since disaster that has killed at least 120 people, US president has remained quiet about promises to axe relief agency

The Independent UK

Budget chief faces tough questions on Trump’s high spending amid Medicaid cuts

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The Independent UK

Budget Director confronted over Trump’s lavish spending amid government cuts

The White House’s Budget Director Russell Vought has been confronted over Donald Trump’s lavish spending amid cuts to government services.

Latin Times

GOP Lawmakers Further Bill Slashing Funding to Watchdog Group Despite Dozens of Active Investigations

Republicans advanced a budget cutting the GAO's funding by nearly half, sparking Democratic opposition as the bill heads to the Senate.

The Guardian - US

US state department told to end nearly all its overseas pro-democracy programs

Exclusive: All but two of the programs awarded under the Bureau of Democracy, Human Rights, and Labor would be cut, affecting nearly $1.3bn in grants

The Guardian - US

How US cities have long planned for a Trump-led escalation against protests

The US president hinted at a crackdown on demonstrations long before his inauguration, and it’s finally here

We Got This Covered

‘Almost as in-house consultants as a part of the agency’s leadership’: Russell Vought plans to embed DOGE spies across entire federal government

When your coworker might be watching you.

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