Money, Wealth & Power—A Daily Look at the Financial World
The Supreme Court has signaled deep unease with President Donald Trump’s attempt to oust Federal Reserve governor Lisa Cook midterm, a move that would give the White House sweeping leverage over interest rate policy. During arguments, justices across the ideological spectrum pressed Trump’s lawyers on whether the Constitution really allows a president to fire a…
A new push from the Democratic left is aiming not just to trim immigration enforcement, but to sharply restrict the Department of Homeland Security’s power to lock people up. At the center is Rep. Delia Ramirez of Illinois, who is preparing legislation that would severely limit when DHS can detain immigrants and redirect money away…
A luxury duplex on the Geist Reservoir in Indiana was supposed to be a showcase of waterfront living. Instead, it is now the subject of a court order that says the nearly $2.2 million structure must be torn down because the developer ignored homeowners association rules. The case has become a vivid example of what…
President Donald Trump is trying to turn the World Economic Forum in Davos into the launchpad for his signature foreign policy project, a new Gaza-focused “Board of Peace,” but a public refusal from Emmanuel Macron has exposed deep resistance among key allies. The clash between Trump’s push for a high-profile signing ceremony and the French…
Congress is moving to keep Affordable Care Act subsidies in place, but the same coalition that backs cheaper coverage is now colliding over abortion language that could reshape what plans are allowed to cover. The result is a high‑stakes standoff in which a fight over procedure rules could end up driving premiums sharply higher for…
President Donald Trump has staked his economic agenda on sweeping import taxes that touch nearly every major trading partner, turning tariffs into his defining policy tool on trade and foreign affairs. The Supreme Court is now weighing whether his use of emergency powers to levy those duties went too far, but the structure of U.S….
The Supreme Court has pushed its long awaited decision on President Donald Trump’s global tariffs into next week, setting Tuesday as the next chance for a ruling and leaving markets, allies and the White House guessing. The delay keeps intact a high stakes legal and political standoff over the president’s use of emergency powers to…
House investigators and federal authorities are now circling one of the most prominent progressive figures in Congress, zeroing in on how Rep. Ilhan Omar’s family wealth appears to have ballooned in just a few years. The scrutiny follows financial disclosures that suggest a dramatic jump in assets, turning a onetime insurgent outsider into a multimillionaire…
Federal investigators have quietly launched a criminal probe into Minnesota Governor Tim Walz and Minneapolis Mayor Jacob Frey, focusing on whether state and local leaders illegally interfered with immigration enforcement operations. According to a person familiar with the matter, the inquiry centers on an alleged effort by Minnesota Democrats to impede federal agents during a…
Bill Nye has spent the past year warning that deep cuts to NASA would be an “extinction-level event” for American space exploration. Now that Congress has moved to fully fund the agency despite pressure from the White House, he is responding with a mix of relief, frustration and a renewed warning that flat budgets can…