A proposed GOP ban on a central bank digital currency (CBDC) could pump the brakes on grand visions to reshape electronic payment access around the Federal Reserve. Republican lawmakers pushed the ban through the House on Thursday over concerns the government could use a CBDC to surveil Americans’ financial transactions. The banking industry has also lobbied against…
Rep. Jim Himes (D-Conn.) said Sunday that a White House insider is warning President Trump of a “massive market reaction” if he fires Federal Reserve Chair Jerome Powell. “I mean, what happens if there’s a tweet that says the Fed chair is gone?” CBS’s Margaret Brennan asked Himes on “Face the Nation.” “Well, interestingly, inside…
A majority of surveyed Americans oppose the way President Trump is using migrant detention facilities amid his broader crackdown on immigration, according to a new CBS News/YouGov poll. When asked in the survey if they “favor or oppose the way the Trump administration is using detention facilities to hold people it may try to deport,”…
President Trump responded angrily on Sunday to a Wall Street Journal story that Treasury Department Secretary Scott Bessent had personally sought to talk him out of trying to fire Federal Reserve Chair Jerome Powell. Trump, who is currently suing the Journal over its reporting on his relationship with the late Jeffrey Epstein, has been aggressively…
Six people went over Dillon Falls on the Deschutes River Saturday, putting in motion a search and rescue operation that rescued three of the people.
The man was reportedly wearing the 20-pound chain for weight training.
Unfortunately, the Trump administration and the Republican majorities in Congress are putting access to lifesaving innovations at risk.
Commerce Secretary Howard Lutnick said on Sunday that the public is “going to love the deals that President Trump and I are doing” as the administration promises forthcoming breakthroughs on tariffs. “Well, you heard in our polling some of the perceptions of the economy,” CBS News’ Margaret Brennan told Lutnick on “Face the Nation.” “Sixty-one…
By highlighting the threat the group poses on the global stage, the U.S. sends a powerful message of mutually beneficial collaboration with its Latin American partners.
President Trump has seized on the Federal Reserve’s multibillion-dollar makeover as a possible avenue for finally ousting its politically independent chair, Jerome Powell. Trump has for months criticized Powell over the Fed’s refusal to cut interest rates, a decision partially rooted in uncertainty surrounding the president’s tariffs. Trump has expressed his desire to remove Powell,…
