Money, Wealth & Power—A Daily Look at the Financial World
Dan Driscoll handed President Trump his resignation on Monday, closing an 18-month run as Secretary of the Army that opened with one of the friendlier confirmation votes of the second term and ended in a losing internal fight. The break was not over Iran, or the budget, or anything an enemy did. It was over…
Iranian missiles came down on two American bases in Jordan late Sunday night, and by Monday afternoon President Donald Trump had said plainly what he intends to do about it. The barrage followed by hours a U.S. strike that destroyed a pair of Iranian rocket launchers on an island inside the Strait of Hormuz. Nearly…
Pete Hegseth spent Friday evening doing something Cabinet secretaries almost never do in public: calling a national news network a liar, by name, in writing. NBC News had just published a report saying the Secretary of War has spent months privately discussing a run for president in 2028 with his wife, his friends and his…
Federal courtrooms have not been kind to Donald Trump’s push to redraw the line on birthright citizenship. But on Friday, in a federal courthouse in Greenbelt, Maryland, something different happened. The same judge who tore up his first attempt at this a year ago sat across from the same coalition of immigrant-rights lawyers, heard the…
The Supreme Court handed Donald Trump a significant win on Monday, clearing away one of the legal barriers standing between his administration and a sweeping overhaul of how Americans cast mail-in ballots this fall. In an unsigned order that split the justices 6-3 along ideological lines, the Court lifted a federal injunction that had frozen…
California tried to stop the Trump administration’s order keeping a major coastal oil pipeline in operation. A federal judge rejected the state’s bid, leaving roughly 50,000 barrels a day moving through a system the administration says is vital to West Coast fuel supplies and military readiness. The ruling is a sharp federalism victory for President…
Attorney General Todd Blanche has done something Washington left dormant for more than three decades: he has created a working route for Americans barred by federal law from possessing firearms to ask for their rights back. The move puts the Trump administration squarely on the side of individualized Second Amendment relief while keeping violent and…
Eric Swalwell spent seven terms in the House as one of the loudest Democratic voices against Donald Trump, and he walked away from the job in the spring with the allegations against him still unanswered. On Saturday, August 15, federal agents met him at San Francisco International Airport with a search warrant and took his…
Three hundred five thousand Missourians signed their names to force a statewide vote on the congressional map their legislature drew in 2025. On Wednesday afternoon, after a trial that lasted a few hours, a Cole County judge dismissed their petition and left the map standing for the November election. By Thursday the Supreme Court of…
For six years, congressional Republicans have argued that the federal government’s own pandemic scientists worked to bury the question of where COVID-19 came from, and for six years those scientists have called the accusation a smear. On Tuesday afternoon, in a federal courtroom in Greenbelt, Maryland, one of them stopped arguing. David M. Morens, 78,…
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