Author: Press Room

Treasury Secretary Scott Bessent on Monday called for a deep and wide review of the Federal Reserve, questioning whether the central bank is failing at its central missions of conducting monetary policy, supervising the biggest banks, and ensuring financial stability. “What we need to do is examine the entire Federal Reserve institution and whether they have been successful,” Bessent said during an interview on CNBC’s “Squawk Box.” “Has the organization succeeded in its mission? If this were the FAA and we were having this many mistakes, we would go back and look at why has this happened.” His comments appeared…

Failed Democrat Georgia gubernatorial candidate Stacey Abrams is not ruling out another run for office, the news coming after her party has worried that she might do so again. During a recent interview with NPR, Abrams spoke about whether or not she would run for office. She said, “I truly have not made any decisions and that is in part because there’s an urgency to 2025 that we cannot ignore. My focus right now is on how do we ensure that we have free and fair elections in 2026? There’s a lot of hope being pinned on the ’26 midterms.”…

Congress’ nonpartisan scorekeeper released its final prediction Monday for how President Donald Trump’s signature legislative achievement will grow the national debt and affect U.S. households. Over the next decade, the megabill Trump signed on July 4 would increase the federal deficit by $3.4 trillion and cause 10 million people to lose health insurance, the Congressional Budget Office forecasts. While the newly enacted legislation would save more than $1 trillion by cutting federal spending on health care — with the majority coming from Medicaid — CBO predicts that the package’s costs will far outweigh its savings. The bulk of the red…

Scott Bessent said the central bank was wrong to criticize President Donald Trump’s tariff policy US Treasury Secretary Scott Bessent has called for a review of the Federal Reserve, questioning whether the central bank has fulfilled its mission in light of the “many mistakes” he claims it has made.While Bessent did not specify which errors he had in mind, he pointed to the Fed’s opposition to President Donald Trump’s tariff policies, which Fed Chair Jerome Powell previously warned could push inflation and unemployment higher.“What we need to do is examine the entire Federal Reserve institution and whether they have been…

It’s official. Fed Chair Jerome Powell has been criminally referred to the Justice Department for prosecution. Last week, GOP Rep. Anna Paulina Luna said she would be criminally referring Jerome Powell over the renovation insanity. Powell is under fire for the cost of renovating the Fed’s DC headquarters. The cost ballooned from $1.9 billion to $2.5 billion. “Powell has asked the central bank’s inspector general to conduct an additional review of the ongoing renovation, CNN previously reported. Last month, some Senate lawmakers grilled Powell over what they depicted as lavish upgrades to its DC headquarters at Powell’s semiannual monetary policy…

A significant zero-day attack targeting a previously unknown vulnerability in Microsoft’s widely used SharePoint software has hit government agencies, universities, energy companies, and businesses around the world. The Washington Post reports that in a worrying development for global cybersecurity, unknown hackers have exploited a critical flaw in Microsoft’s SharePoint collaboration software, launching a far-reaching attack that has breached U.S. federal and state agencies, universities, energy companies, and an Asian telecommunications company. The attack, which began in the past few days, is being investigated by the U.S. government in partnership with Canada and Australia. SharePoint, a platform used by organizations worldwide to…

Investigation uncovers over 700 crimes allegedly committed by illegal immigrants living at taxpayer expense in hotels over the past three years. Although the UK government continues to refuse to publish crime stats based on immigration, as is done in other Western nations such as Denmark, a report from the Mail on Sunday has given a glimpse into the criminality linked with the move to put up illegal migrants in hotels across the country by the previous Tory government and continued by Sir Keir Starmer’s Labour Party. According to the paper, which examined local court records in conjunction with the addresses…

The mother of Jacob Irwin, a 30-year-old man on the autism spectrum, claims that his use of ChatGPT led to severe manic episodes and hospitalizations. When she asked the AI Chatbot what happened with her son, it acknowledged that it failed to maintain appropriate boundaries in conversations about his amateur scientific theories, instead encouraging his delusions. The Wall Street Journal reports that OpenAI’s ChatGPT has admitted to playing a role in exacerbating the dangerous delusions of Jacob Irwin, a 30-year-old man on the autism spectrum. According to his mother, the powerful AI chatbot confessed to blurring the line between fantasy and reality…

Department of Justice task force head Leo Terrell delivered a direct message to Jewish students across America on Sunday, promising that President Trump “has your back” and vowing to eliminate antisemitism from schools and universities as his administration takes an aggressive stance against campus harassment targeting Jewish students. In a video message posted to X (formerly Twitter), Terrell, who serves as head of the DOJ task force to combat antisemitism and Senior Counsel to the Assistant Attorney General for Civil Rights, addressed Jewish students from kindergarten through college with an unprecedented federal commitment to their safety. “President Trump has your…

Moscow earlier suggested that Berlin is becoming “dangerous again” while accusing it of supporting the West’s militarization Ukraine should consider striking Russian airfields and weapons factories deep inside the country to alleviate pressure on the front, a senior German general has suggested.Speaking during a Bundeswehr podcast on Saturday, Major General Christian Freuding, who oversees Germany’s military assistance to Ukraine, gave Kiev advice on weakening Russia’s offensive power.“You can also indirectly affect the offensive potential of Russian strike forces before they are deployed,” Freuding said. “Use long-range air warfare assets to strike aircraft and airfields before they are used. Also, target…