The Justice Department has subpoenaed the Fed over Chair Jerome Powell's testimony over the central bank's headquarters renovation. Powell calls it part of a pressure campaign over interest rates.

Powell was responding to grand jury subpoenas delivered to the Federal Reserve related to his congressional testimony regarding construction work at the Fed headquarters.

"If you look at the executive orders on AI, transparency and explainability are pillars. Government entities should be asking for that," Mike Shevlin said.

The investigation, which is said to center on renovations of the Federal Reserve’s headquarters in Washington, is an escalation of the president’s long-running pressure campaign on Jerome H. Powell.

The Federal Reserve Bank is expected to hold its benchmark rate steady at its meeting on Wednesday, maintaining the same cautious posture it has assumed throughout the first half of 2025. That's according to the CME Group's FedWatch Tool, which as of June ...

Late last year, Eric Hamm was feeling uneasy about his job security. He was working as a maintenance mechanic at Big Bend National Park in southwest Texas and aware of President Donald Trump’s plans to make big federal budget cuts. So, he applied to an ...

President Trump has declared that Christmas Eve and Dec. 26 will be federal holidays this year, meaning that federal departments and agencies will be closed. According to an executive order issued last week, agencies may require certain federal employees ...

Federal workers who are either furloughed or required to keep working without pay during the ongoing U.S. government shutdown express concern about the impact on their finances, their colleagues and the American public. Roughly 750,000 of the more than 2 ...

The federal government remains shut down, in what is now the longest shutdown in U.S. history. Many federal workers have missed paychecks, including air traffic controllers, who are working unpaid. One air traffic controller is warning over the upcoming ...

At the top of that list is one of the states that Trump is threatening to cut funding from, California, which received just under $1.5 billion in federal funding for childcare. With roughly a little more than 2 million children under the age of 5 in the state, California receives about $695 for every child resident.