Author: FOX24 US

FOX 24 US Trump’s new Federal Reserve Board Chair Kevin Warsh took two missteps in two opposite directions during and after yesterday’s Federal Open Market Committee (FOMC) rate decision. And it wasn’t necessarily the board’s choice to hold interest rates steady — a decision that was mostly expected given current economic conditions — that most rankled markets and economists. Rather, it was both what Warsh said, and also what he didn’t say, that put a diverse set of central bank stakeholders on alert. When the FOMC on Wednesday issued its second rate decision since Warsh began leading the agency in…

FOX 24 US Hello, and welcome back to The Franchise! Last week, a coalition of officials from 25 Democratic-led states and Washington D.C. filed a federal lawsuit against the Department of Homeland Security and the Federal Emergency Management Agency, arguing that the administration is coercing states into complying with new unlawful election changes by withholding billions of dollars in disaster relief funding and homeland security grants if the states do not bend to President Trump’s demands around election administration.  Specifically, the lawsuit argues that the Trump administration is coercing the states into adopting a number of new election procedures that…

FOX 24 US Good morning. It was great to meet all of you who came out to our event in New York last night with Marisa Kabas of The Handbasket. Trump Tries to Raise the Stakes on SAVE Again President Donald Trump made a show yesterday afternoon of preparing to throw Senate Majority Leader John Thune (R-SD) to the wolves out of frustration that the SAVE Act is not yet on track to pass in any form. The latest push is to jam parts of the bill through using budget reconciliation, which requires 51 instead of 60 votes, though Trump…

FOX 24 US Good morning. It was great to meet all of you who came out to our event in New York last night with Marisa Kabas of The Handbasket. Trump Tries to Raise the Stakes on SAVE Again President Donald Trump made a show yesterday afternoon of preparing to throw Senate Majority Leader John Thune (R-SD) to the wolves out of frustration that the SAVE Act is not yet on track to pass in any form. The latest push is to jam parts of the bill through using budget reconciliation, which requires 51 instead of 60 votes, though Trump…

FOX 24 US Two influential Senate Democrats are pushing back on the nearly unfathomable idea that a company owned by the sitting U.S. president can sell Wall Street early access to that president’s thoughts and actions. Sen. Elizabeth Warren (D-MA), ranking member of the Senate Banking Committee, and Sen. Adam Schiff (D-CA), a member of the Senate Judiciary Committee, called on Securities and Exchange Commission Chair Paul Atkins to “immediately” investigate a forthcoming subscription model from the company behind President Donald Trump’s Truth Social that plans to sell extra-fast access to the most influential posts on the platform to high-paying…

FOX 24 US Acting Attorney General Todd Blanche’s confirmation is stalled. A meeting that was scheduled to take place between Sen. John Cornyn (R-TX) and Blanche was cancelled abruptly Wednesday morning — just a day before the Senate Judiciary Committee was scheduled to vote to move Blanche’s nomination for Attorney General out of committee.  Cornyn told reporters the meeting fell through after the Department of Justice failed to send over an adequate written proposal for how to modify the settlement between President Donald Trump and the Internal Revenue Services (IRS).  “The meeting with Todd Blanche is off,” Cornyn said Wednesday…

FOX 24 US This story was originally published by ProPublica In a private ceremony on Sept. 17, Defense Secretary Pete Hegseth stood at a podium inside the National Archives building in Washington, D.C., and praised a Florida nonprofit for what he called a singular achievement in American education. The attendees were celebrating the Foundation for Liberty and American Greatness, which announced that it had reached 2 million children with civics education since its founding in 2016. “I hope you understand how important this is,” Hegseth told the room. “What we pour into the next generation will determine whether we keep…

FOX 24 US How to Think About the SAVE Act The SAVE America Act is playing a few roles in our politics right now. On the one hand, it is a sweeping voter suppression bill, and one prong of Trump’s multifaceted assault on elections. Should it become law, it would add new hurdles for a wide range of Americans to participate in democracy, including voter ID for casting a ballot and proof of citizenship to register to vote. Republican supporters of the bill seem to have the impression that these restrictions would overwhelmingly hurt Democrats, and they are likely right:…

FOX 24 US How to Think About the SAVE Act The SAVE America Act is playing a few roles in our politics right now. On the one hand, it is a sweeping voter suppression bill, and one prong of Trump’s multifaceted assault on elections. Should it become law, it would add new hurdles for a wide range of Americans to participate in democracy, including voter ID for casting a ballot and proof of citizenship to register to vote. Republican supporters of the bill seem to have the impression that these restrictions would overwhelmingly hurt Democrats, and they are likely right:…

FOX 24 US Jay Clayton was confirmed as the Trump administration’s new Director of National Intelligence in a 51 to 47 vote along party lines in the Senate on Tuesday evening. President Trump has transformed the role of DNI — under Tulsi Gabbard who resigned from the role in May of this year, and then under interim DNI Bill Pulte — away from foreign intelligence and into a position that he has used to investigate his conspiracy theories about the 2020 election and election administration general. The concern now is that under Clayton, who refused during his confirmation hearing earlier this…