The U. S. Senate gave the green light for Kevin Warsh to become the next head of the Federal Reserve on Wednesday. Warsh, a 56‑year‑old lawyer and former financier, was chosen by President Trump to lead the country’s central bank. He will step into a role that has been facing tough challenges,
The National Science Board, which guides a key federal agency that funds research, was abruptly cleared of its members by a recent government decision. This move happened without clear justification and followed major budget cuts to the agency that has been a backbone of American innovation for deca
A federal judge in Austin blocked key parts of a Texas law that would let state officials arrest and deport people suspected of crossing the U. S. -Mexico border illegally. Judge David Ezra, appointed by former President Ronald Reagan, said the law is preempted by federal immigration rules and unde
The U. S. Forest Service looks after nearly 200 million acres of public lands spread across the country. Forests and grasslands need regular care to stay healthy and safe. Many experts have pointed out that the agency could work more closely with local groups, tribes, and state teams to improve fore
The Senate made a bold pick last week by confirming Kevin Warsh as the next Federal Reserve chair, marking the most controversial Fed appointment in decades. The vote split almost perfectly along party lines, with only one Democrat breaking ranks. Warsh brings a unique background to the role—he’s no
A bank that exists mostly as computer software is getting ready to open in Dallas. This isn’t a regular bank with tellers and vaults. Instead, it plans to handle money transfers, hold digital coins, and process payments using blockchain technology. The bank got the green light from U. S. regulators
A former baseball star now waits for his fate after legal troubles linked to illegal gambling. Federal prosecutors recently asked a court to send him to prison for 18 months. They also want him to pay a $55, 000 fine and serve three years on probation. The prosecutors claim this punishment fits his
The Senate made Kevin Warsh the new chair of the U. S. Federal Reserve after a narrow vote of 54-45. Only one Democrat joined Republicans in backing him. Just the day before, senators had approved his 14-year term on the Fed’s board—a sign of how much influence he’ll hold over America’s economy. Wa
A former priest in Buffalo, New York, now faces serious legal trouble after authorities say he took around $450, 000 meant for helping people in need. The money came from a fund that priests typically use to give small financial gifts to those struggling. Instead, he allegedly used it for his own ex
A federal judge in Boston recently made it clear he’s not convinced by the Trump administration’s arguments against the city’s immigration rules. The Boston Trust Act, first passed in 2014 and reaffirmed last year, stops local police from helping federal immigration officers detain people for possib
