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The Latest Breaking News from Committee

FED:KPMG flayed for 'insulting' refusal to hand over docs

The chair of a top-tier consultancy at the centre of a federal parliamentary inquiry has been castigated for denying the committee access to documents.

AAP

Chief Judge Pryor's Non-Order in the Eleanor Ross Judicial Misconduct Proceedings: Why It Is So Problematic and What Might Be Done About It

A guest post from Professor Arthur Hellman.

Reason

Fed begins Warsh era with rate hold, sees hike possible later in 2026

The Federal Reserve maintained interest rates but signaled a potential hike later this year due to inflation concerns. New projections show nine officials anticipate a rate increase by the end of 2026. The policy statement removed previous guidance on future rate moves, reflecting new Fed Chairman Kevin Warsh's influence.

The Economic Times

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US Fed begins Warsh era by keeping rates on hold

A statement by the US central bank, the first under chairman Kevin Warsh, has removed any guidance about future interest rate moves.

AAP

Parliamentary panel moots higher education spending, says NEP's 6% GDP target unmet

A parliamentary committee has flagged current higher education funding as inadequate. It urges an increase to six percent of GDP, aligning with the National Education Policy-2020. The committee noted a lack of significant growth in enrollment ratios. The government stated allocations are based on departmental needs and within budget ceilings.

The Economic Times

Bill Gates admits that Epstein had ‘sensitive information’ about his extramarital affairs to launch pressure campaign

Microsoft co-founder details relationship with late sex offender in testimony to members of Congress

The Independent UK

Bill Gates continued meeting with Jeffrey Epstein years after the financier’s sex-crime conviction and now Congress wants answers

The closed-door interview before the House Oversight Committee makes Gates the latest high-profile figure to answer questions as part of the panel’s review of Epstein-related records

The Independent UK

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Delhi court directs confiscated PACL assets be used for investor repayment

A Special Court has ordered the confiscation of properties belonging to PACL Limited. These assets will now be handed over to the Justice RM Lodha Committee. The committee will use these properties to benefit investors affected by the PACL scheme. This action follows a money laundering investigation by the Enforcement…

The Economic Times

‘He was a master manipulator,’ Jeffrey Epstein assistant Lesley Groff testifies

Groff tells lawmakers ‘I am not a conspirator’ and that she had no knowledge of Epstein’s crimes while working for him

The Guardian - US

SNP veteran warns against Westminster committee probe into Murrell scandal

A VETERAN SNP MP has urged a Westminster committee not to open an inquiry into the Peter Murrell embezzlement scandal ...

The National (Scotland)

GOP-led House committee asks DOJ to investigate two Epstein associates

IN FULL

The Independent UK

What's Next for Judge Eleanor Ross? A 2009 Impeachment May Provide Some Clues

A guest post from Professor Arthur Hellman

Reason

Pam Bondi admits to ‘redaction errors’ in Epstein files but defends DoJ’s handling

Ex-attorney general tells House committee she did not ‘lead every aspect’ of effort but rather delegated to Todd Blanche

The Guardian - US

Manipur CM Y Khemchand Singh hails Centre's decision to form panel on demographic change

The Chief Minister of Manipur has praised the Union Government for establishing a High-Level Committee aimed at examining demographic changes throughout India.

The Economic Times

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Roll Call

Prediction markets put under spotlight by House Oversight panel

Prediction markets are under new scrutiny from Congress as lawmakers mull a ban on members betting on the platforms. The House Oversight and Government Reform Committee officially launched an investigation Friday into insider trading on the platforms, spurred by suspicious bets on the capture of Venezuelan President Nicolás Maduro and…

Evening Standard

Clean power by 2030 target ‘extremely ambitious’, MPs warn

The Scottish Affairs Committee has also urged the UK Government to introduce a flat rate for electricity standing charges across the UK.

The Independent UK

Republicans push to extend daylight savings and stop clock switching

House Republicans on the Energy and Commerce Committee have considered adopting the Sunshine Protection Act after the president renewed a push for it last year

Roll Call

Social media CEOs called to Senate Judiciary hearing

The Senate Judiciary Committee has called on the executives of major social media companies to testify before the panel next month regarding child online safety. Chairman Charles E. Grassley, R-Iowa, sent letters to the heads of Meta, Google, Snap and TikTok earlier this month seeking attendance at a hearing on…

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Latin Times

Crypto World Scores Key Win As Senate Panel Passes Clarity Act

The crypto industry scored a key win on Thursday after a Senate committee approved the Clarity Act, which would be the first law defining regulatory authority over digital assets.

Axios

House Ethics panel announces sexual harassment investigation into Rep. Edwards

The committee said it also was reviewing whether Edwards "may have created or fostered a hostile work environment."

International Business Times

Crypto World Scores Key Win As Senate Panel Passes Clarity Act

The crypto industry scored a key win on Thursday after a Senate committee approved the Clarity Act, which would be the first law defining regulatory authority over digital assets.

Golf Monthly

Tour Pro Receives Penalty After Arriving Late To Tee Time At PGA Championship

Garrick Higgo was docked two strokes after breaking Rule 5.3a on day one at Aronimink

The Economic Times

Trump’s pick Kevin Warsh replaces Jerome Powell as Fed chair: What will happen to US interest rates next and why financial markets are watching closely

Kevin Warsh is set to become the new Federal Reserve chair. However, his influence on interest rates might be limited. The Federal Open Market Committee, a 12-member panel, ultimately decides on rate targets. Warsh will hold only one vote. Consensus building and persuasion are key to the chair's role. Financial…

The Independent UK

Universities across England face ‘real risk’ of closure due to insolvency for first time

In a new report, the Education Committee said 24 institutions are at risk of insolvency and closure within 12 months

The Economic Times

Mythos: A challenge for the Indian banking system

Claude Mythos, a cutting-edge AI tool, has unearthed significant weaknesses in cybersecurity systems. In response, Indian authorities are swiftly mobilising to safeguard the integrity of the financial sector. With the Reserve Bank of India's robust framework in place, the emphasis now shifts to the implementation of comprehensive AI standards.

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