Author: Press Room
Pretty Vacant: The End of Powell’s Term Is Three Weeks Away It is not clear who will run the Fed after the expiration of Powell’s term if the Senate has not confirmed Kevin Warsh. As we explained yesterday, Senator Thom Tillis, the Republican of North Carolina, is sticking to his script about holding back Warsh’s confirmation so long as U.S. Attorney Jeanine Pirro’s investigation of the Fed continues. And Pirro says she’s not dropping the investigation. So, the end of Powell’s term without a confirmed successor is looking more and more like a real possibility. Time is running out. Powell’s term…
DELPHI, Greece — Greece’s Prime Minister Kyriakos Mitsotakis told Breitbart News he is pulling for U.S. President Donald Trump to secure a deal with the Islamic Republic of Iran to end hostilities in the Middle East and restore stability to the region, opening the Strait of Hormuz and helping the world’s energy markets recover from the last couple months of “economic fallout.” Mitsotakis sat down with Breitbart News for an exclusive interview on the sidelines of the Delphi Economic Forum, an annual gathering of world leaders held here in the mountains of Greece. Mitsotakis’s interview comes about a year after…
A French soldier who was gravely wounded in an attack on UN peacekeepers in Lebanon last week has succumbed to his wounds, President Emmanuel Macron has said.Another French peacekeeper was killed in the incident and two more were injured; their patrol came under small-arms fire in the village of Ghandourieh in southern Lebanon on Saturday, according to the UN Interim Force in Lebanon (UNIFIL).In a post on X on Wednesday, Macron said that one of the wounded troops, Chief Corporal Anicet Girardin, who had been evacuated to France a day earlier, had died.The president expressed his condolences to Girardin’s relatives…
You can pay your tax bill online with a debit or credit card.gettyNow that Tax Day is (mostly) behind us, some taxpayers may be looking at the next step with a bit of dread: paying your tax bill. After you file, there are payment options available, including options if you can’t pay at all. Here’s what you need to know.If You Can Afford To Pay Your Taxes Now…Pay by check or money order. The reports of the death of payment by check are greatly exaggerated. Last year, President Trump signed Executive Order 14247, which requires federal agencies, including the IRS,…
The Prime Minister paradoxically used the feast day of England’s patron saint to simultaneously insist “unity” is key while ranting about Englishmen he feels betray the multicultural project. Thursday is Saint George’s Day, a feast commemorating the day of the execution of the warrior saint and Christian martyr who through ancient Royal involvement in the Crusades and veneration of his example latterly became the national day of England. The St. George’s Cross and banner also became the symbol and later of England, albeit by a slightly different route as a maritime flag of convenience. While other saint’s days of the…
Germany announced a new military strategy with the goal of building “Europe’s strongest conventional army” by 2039. Defense Minister Boris Pistorius revealed the proposal speaking to the German parliament on Wednesday, and detailed a public outlining for the “future direction” of the Bundeswehr, the German Armed Forces. One of the goals of the plan, the German Defense Ministry said in a statement, is for Germany to take “more responsibility” within NATO. “We are developing the Bundeswehr into the strongest conventional army in Europe. In the short term, we are increasing our defense and resilience, in the medium term we are aiming for…
Disruptions to shipping and energy flows are driving up costs, straining supply chains and reshaping global trade routes The fallout from the US‑Israeli war on Iran is spreading across the global economy, driving up costs, disrupting supply chains, and leaving consumers to absorb the impact as trade flows shift. A growing number of companies have warned of higher costs and weaker demand as disruptions to energy supplies and shipping routes linked to the Hormuz chokepoint ripple through global markets. Global businesses under pressure Higher fuel prices, shipping delays and more expensive raw materials are weighing on companies across industries. According to a…
The Berlin-backed €90 billion EU loan to Ukraine is “madness,” Sahra Wagenknecht has said Veteran German politician Sahra Wagenknecht has lashed out at Chancellor Friedrich Merz after a €90 billion ($106 billion) emergency loan to Ukraine, which Berlin had been actively promoting, was approved by the bloc.On Thursday, the European Council announced that the interest-free loan has been finalized and that it will begin disbursements “as soon as possible” in the second quarter of 2026. A day earlier, EU ambassadors agreed the transfer of funds to Vladimir Zelensky’s government, just hours after Kiev resumed the flow of Russian oil to…
Mark Zuckerberg’s Meta has revealed plans to eliminate approximately 8,000 positions, representing 10 percent of its workforce, as part of a broader efficiency initiative aimed at balancing substantial investments in AI technology. Bloomberg reports that Mark Zuckerberg’s Meta has announced a significant workforce reduction that will affect roughly 8,000 employees, representing 10 percent of the company’s total staff. The social media giant communicated the decision to its workforce through an internal memo distributed on Thursday. According to the announcement, the layoffs are scheduled to take effect on May 20. The cuts are part of a strategic effort to improve operational…
The government of Somalia on Thursday announced Israeli ships are no longer allowed to pass through the Bab al-Mandab Strait, a vital passage that links the Red Sea with the Gulf of Aden and the Indian Ocean. The ban was first announced by Iranian state media, quoting a statement by Abdullah Warfa, Somalia’s ambassador to Ethiopia and the African Union (AU). According to Wafra, the action was taken in response to Israel’s recognition of the breakaway Republic of Somaliland. Somaliland is one of three semi-autonomous regions of Somalia, and the one most aggressively interested in breaking away from the weak…