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Powell criminal probe upends Trump's search for a new Fed chair

White House economic advisor Kevin Hassett (left) and former Fed Gov. Kevin Warsh are leading prediction market odds for the likehood of becoming President Donald Trump's pick to lead the Federal Rese...

Jan 13Business InsiderPoliticsImpact

The world's central bankers are rallying around Fed chair Jerome Powell in his fight with Trump

Powell typically abstains from directly engaging with Trump's personal attacks. Al Drago/Getty Images The world's most senior bankers have rallied around embattled Federal Reserve Chair Jerome Powell....

Jan 13Business InsiderPoliticsImpact

Bernie Sanders's AI data center pause isn't catching on in Congress yet

"There's enormous issues for our economy and for our democracy that have got to be dealt with," Sanders said. "And I feel we're not ready to do that." Nathan Posner/Anadolu via Getty I...

1dBusiness InsiderPoliticsImpact

Sen. Mark Kelly is suing the Pentagon. Legal experts say veterans' rights are at stake.

Sen. Mark Kelly said his lawsuit is about fighting back on the Pentagon's crackdown on speech. Heather Diehl/Getty Images Senator Mark Kelly sued Defense Secretary Pete Hegseth over the Pentagon's spe...

5dBusiness InsiderPoliticsImpact

Inside the failed 2020 coup in Venezuela that resulted in the capture of ex-US Special Forces

The recent capture of Venezuelan president Nicolás Maduro by American forces recalls a botched 2020 coup attempt that resulted in the imprisonment of two former US Army Green Berets. Since then, there...

4dBusiness InsiderPoliticsImpact

Google cofounder Larry Page reportedly bought multiple Florida properties ahead of proposed California billionaire tax

Google cofounder Larry Page reportedly purchased property in South Florida. EMMANUEL DUNAND/AFP/GettyImages Google cofounder Larry Page bought property in Florida amid California's proposed billionair...

4dBusiness Insidereconomics

Treasury Secretary Scott Bessent says defense giants are 'failing the American people' by falling behind on orders

Treasury Secretary Scott Bessent (left) and Donald Trump. ANDREW CABALLERO-REYNOLDS / AFP via Getty Images Treasury Secretary Scott Bessent took aim at US defense contractors on Tuesday. He said they'...

5hBusiness InsiderPoliticsImpact

Read Jerome Powell's letter to senators following his testimony about renovations to the Fed building

Jerome Powell, a particularly mild-mannered speaker, slammed recent attempts to intimidate his department. Li Yuanqing/Xinhua via Getty Images The DOJ is probing Jerome Powell over his congressional t...

6dBusiness InsiderPoliticsImpact

US planning for the Maduro raid eyed a time when much of the Venezuelan military was expected to be on holiday, memo reveals

The US initially planned its raid into Venezuela at a time when soldiers would be on leave, a newly released memo reveals. AP Photo/Cristian Hernandez US planning for the Maduro raid focused on a time...

5dBusiness InsiderPoliticsImpact

ACA health insurance enrollment dropped by 1.4 million. See which states had the biggest swings.

Millions are at risk of losing health insurance without Affordable Care Act subsidies. The Washington Post/The Washington Post via Getty Images 1.4 million fewer Americans enrolled in ACA marketplace ...

3dBusiness InsiderHealthImpact

The Supreme Court is about to weigh in on the Fed's independence in a case that goes beyond Jerome Powell

Chip Somodevilla/Getty Images; SAUL LOEB/Getty Images; Tom Williams/Getty Images; Tyler Le/BI The Supreme Court is set to hear arguments over whether Trump can fire Fed board member Lisa Cook. The ora...

1dBusiness InsiderPoliticsImpact
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