Trump vs. the Federal Reserve |
President Donald Trump is taking his feud with the Federal Reserve to the next level. Trump announced on Monday evening that he was firing Federal Reserve governor Lisa Cook, an unprecedented move that brings the president one step closer to shaping the balance of the Fed's seven-member board. Last week, he called on Cook to resign after the U.S. Federal Housing Finance Agency Director William Pulte, who was appointed by Trump, accused her of claiming two of her mortgages as primary residences. The Department of Justice said it was looking into the matter. More on Trump's pressure campaign on the Fed. |
Cook's response: Cook said Tuesday the president lacked authority to oust her from the board of the central bank, and she's filing a lawsuit to challenge Trump's move. Cook's attorney, Abbe Lowell, said Trump has "no authority" to remove Cook, and that the president's attempt "lacks any factual or legal basis." What happens next after Trump's action? | FILE PHOTO: Lisa Cook testifies before a Senate Banking Committee hearing on her nomination to be a member of the Federal Reserve Board of Governors (for a second term), on Capitol Hill in Washington, U.S., June 21, 2023. Jonathan Ernst, REUTERS |
Flag burning put to the test |
Hours after Trump signed an executive order directing his administration to prosecute American flag burnings "to the fullest extent possible," it was put to the test steps away from the Oval Office. |
What happened: The Secret Service detained a person in Lafayette Park, just outside of the White House, around 6:15 p.m. on Monday for "igniting an object." Several outlets identified the object as an American flag. The person was turned over to U.S. Park Police. The person, who CNN reported was a 20-year combat veteran, was arrested for violating the National Park Service's fire policy. Why the man said he burned the flag. |
Cracker Barrel's rebrand controversy |
Make Cracker Barrel great again, or as Trump said this week, make it a "WINNER again." The president weighed in on the restaurant's controversial rebrand that includes a new, simplified logo that removed the man sitting in a chair and a wooden barrel. Trump in a post on Truth Social on Tuesday called on the company to return to their old logo and "admit a mistake based on customer response." See Trump's full statement on the controversy. | | Mandating cash bail is a matter of public safety, Trump says. Research from the place that reformed its system the most tells a different story. | | It has been a whirlwind few days for Abrego Garcia, who has spent 5 months in detention, some of it at a notorious prison in his native El Salvador. | | | | Photos of the president's hand, showing bruising and apparent makeup, have made the rounds on social media. Here's what the White House has said. | | | | The letter signed by 35 named employees said Homeland Security Secretary Kristi Noem and acting FEMA director David Richardson lack qualifications. | | | | As judges apply Supreme Court decisions to Trump administration disputes, some justices don't think they're getting it right − and potentially deliberately so. | | | | | Sign up for the news you want | Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. | | | | | |
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