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Markets, lawmakers scramble amid DOJ inquiry into Fed
- Processing Content The Trump administration's threat of criminal charges against Federal Reserve Chair Jerome Powell sent shock waves across Washington and financial markets Monday, with watchers weighing the implications for the economy and the central bank's independence. But some observers note that the move could backfire on President Donald Trump's housing affordability agenda and complicate the swift ...

Source: americanbanker.com
WORLD   POLITICS  
Trump hits Iran trade partners with tariffs as protest toll soars
- US President Donald Trump announced a 25-percent tariff on any country doing business with Iran, ramping up pressure as a rights group estimated a crackdown on protests has killed at least 648 people. Iranian authorities insisted they have regained control after successive nights of mass protests nationwide since Thursday that have posed one of the biggest challenges to the clerical leadership since the 1979 ...

Source: digitaljournal.com
WORLD   POLITICS  
House Republican introduces bill to authorize Trump to take Greenland
- Jan. 13 (UPI) -- Republican Rep. Randy Fine introduced legislation Monday authorizing President Donald Trump to take measures necessary to acquire Greenland, amid renewed White House rhetoric about taking the autonomous Danish island. The Greenland Annexation and Statehood Act, which is anything but assured of passage through the House, would give Trump the power to take the island, including through annexation, ...

Source: upi.com
US   POLITICS  
Klarna CEO backs Trump's 10% credit card cap, criticizing rewards as built on poorer borrowers' debt
- Klarna CEO Sebastian Siemiatkowski has expressed support for President Donald Trump's call to cap US credit card interest rates at 10% for one year. "I think Trump is wise here and is proposing something that makes a lot of sense," Siemiatkowski told CNBC on Monday. Siemiatkowski said traditional credit cards are designed to push consumers to put most or all of their spending on credit and carry large balances at ...

Source: businessinsider.com
WORLD   POLITICS  
Trump slaps new 25% tariff on Iran's trading partners after deadly protest crackdown
- Stay up to date with notifications from The Independent Notifications can be managed in browser preferences. Swipe for next article China, the UAE and India are among Iran's top trading partners has announced that any country trading with Iran will face a 25 per cent tariff on all US business, as Washington weighs its response to Iran's biggest anti-government protests in years . Writing on Truth Social , ...

Source: independent.co.uk
POLITICS  
Nurses strike in New York City, seeking new contract
- About 15,000 nurses are staging the largest nurses strike in New York City history on Monday after the deadline passed to a new contract between their union and five hospital systems. , higher wages and increased security at hospitals. major privately operated hospitals in the city: Mount Sinai Hospital, Mount Sinai Morningside, Mount Sinai West, Montefiore Einstein, and New York-Presbyterian. Gov. Kathy Hochul ...

Source: bradenton.com
POLITICS  
Russia working to circumvent sanctions to ensure India oil imports continue
- Delhi is world's second largest purchaser of Russian crude, which is now cheaper than oil from Middle East Russia is already working to circumvent the latest US sanctions to ensure India can continue to import high levels of cheap Russian crude oil, according to industry analysts. Since the outbreak of the Ukraine war, India has become the world's second largest purchaser of Russian crude oil , which has been ...

Source: theguardian.com
US   POLITICS  
BBC seeks dismissal of $10bn Trump lawsuit over Panorama 'fight like hell' clip
- Broadcaster's submission calls on Florida court to throw out defamation case where US president is suing over editing of 6 January 2021 speech The BBC is to attempt to have Donald Trump's $10bn defamation lawsuit over the editing of a speech for Panorama thrown out, according to court documents. The broadcaster faced criticism for airing an episode of the investigative documentary series that featured an edited ...

Source: theguardian.com
US   POLITICS  
Minnesota, Illinois sue Trump admin. over immigration crackdown
- Jan. 13 (UPI) -- Minnesota and Illinois are suing the Trump administration over its immigration crackdown, asking the courts to halt the surge of immigration law enforcement into the Democratic-led states. Both lawsuits were filed Monday amid growing criticism of the Trump administration's deployment of Immigration and Customs Enforcement agents following the shooting death of Renee Nicole Good, a 37-year-old ...

Source: upi.com
POLITICS  
Smithsonian Takes Down Label Mentioning Trump's Impeachments At National Portrait Gallery
- Truth matters more than ever. As the Trump administration escalates its immigration crackdown and lethal patterns emerge, HuffPost reporters are on the story, holding power to account. Support the journalism that documents what's happening — and why it matters. Already a member? WASHINGTON (AP) — President Donald Trump 's photo portrait display at the Smithsonian's National Portrait Gallery has had ...

Source: huffpost.com
US   POLITICS  
Judge is asked for emergency hearing after Congress members blocked from ICE facility in Minneapolis
- – The Trump administration secretly reimposed a policy limiting Congress members' access to immigration detention facilities a day after a federal immigration officer fatally shot a woman in Minneapolis, attorneys for several congressional Democrats said Monday in asking a federal judge to intervene. Three Democratic members of Congress from Minnesota were blocked from visiting an Immigration and Customs ...

Source: news4jax.com
US   POLITICS  
Sen. Mark Kelly sues Hegseth to block move to cut rank and pension over illegal orders video
- Washington — Democratic Sen. Mark Kelly of Arizona filed a civil lawsuit against Defense Secretary Pete Hegseth on Monday seeking to block the Pentagon's efforts to downgrade his retirement rank and pay, which he claims amounts to unconstitutional retaliation against him. In a 46-page complaint , Kelly, a retired Navy captain, argued that he is the target of "extreme rhetoric and punitive retribution" by the ...

Source: cbsnews.com
POLITICS  
Hearings on whether Myanmar committed genocide against the Rohingya opens at top UN court
- THE HAGUE heard accusations that it is responsible for genocide against the at the top court of the United Nations, as long-awaited hearings began on Monday. The West African country of first filed the case at the in 2019, arguing a so-called "clearance operation" by Myanmar's military in 2017 violated the 1948 Genocide Convention. The Southeast Asian country, which has since been taken over by the military, has ...

Source: news4jax.com
POLITICS  
Trump Warns Cuba to Make a 'Deal' Following Maduro's Capture
- Home » » President Donald Trump on Sunday issued a warning to the government of Cuba , suggesting that Venezuela's close ally strike a deal with the U.S., ramping up pressure following Venezuelan Dictator Nicolas Maduro's capture. Since the operation led by U.S. forces in early January, Cuba has been cut off from Venezuelan crude oil as the U.S. government continues to seize tankers in an attempt to ...

Source: floridianpress.com
POLITICS  
US judge lets Danish firm resume Rhode Island offshore wind project halted by Trump
- Ørsted and other wind developers have faced repeated disruptions to multibillion dollar projects under Trump A federal judge on Monday cleared Danish offshore wind developer Ørsted to resume work on its nearly finished Revolution Wind project, which Donald Trump's administration halted along with four other projects last month. The ruling by US district judge Royce Lamberth is a legal setback for ...

Source: theguardian.com