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The Latest Breaking News from Russell Vought

Jerome Powell Defends $2.5 Billion Fed HQ Overhaul, Says 'No VIP Dining Rooms,' No Private Elevators As Trump Allies Slam Project Over Versailles-Style Excess

Federal Reserve Chair Jerome Powell responded to scrutiny over the central bank's multi-billion-dollar, multi-year renovation of its Washington, D.C. headquarters, emphasizing that the project is being managed responsibly, with no extravagant features or misuse of public funds.

Benzinga

Federal Reserve says building renovation complies with law, defends costs

Federal Reserve Chair Jerome Powell on Thursday said the agency’s renovation of its office complex in Washington complies with plans approved by a local commission, disputing a White House suggestion that they had violated the law by deviating from those plans

The Independent UK

Senate GOP pushes spending bills as Democratic anger builds - Roll Call

Senate GOP appropriators to bring a package of spending bills to the floor before the August recess, Chair Susan Collins said Thursday.

Roll Call

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White House seeks inspection of Fed building as Trump piles pressure on Powell

US president has suggested the central bank mismanaged funds for renovations at the Federal Reserve headquarters

The Guardian - US

Trump’s $9 billion spending cuts could spare $400 million for HIV/AIDS relief

The move to save PEPFAR funding may prove useful in rallying GOP support from powerful lawmakers like Senate Appropriations chair Susan Collins, an outspoken critic of Trump’s proposed cuts.

Fortune

Trump repudiates draft letter to fire US Fed chair Powell

Trump acknowledged discussing firing Powell with Republicans but denied a letter had been drafted to do that.

Al Jazeera

Jerome Powell 'Fatigued' and Facing Resignation Rumours Over Controversial $2.5B Fed Palace Overhaul

US Fed chair Jerome Powell continues to face mounting pressure to step down amid scrutiny into whether he was truthful to Congress about the Fed's 'Palace of Versailles' renovation to its headquarters in Washington, DC.

International Business Times UK

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Employees at the nation's consumer financial watchdog say it's become toothless under Trump

Once a powerful watchdog for financial wrongdoing, the Consumer Financial Protection Bureau has seen its enforcement efforts grind to a halt under the Trump administration

The Independent UK

Trump again slams ‘stupid’ US Fed chairman over interest rate levels

US president’s frequent attacks against Jerome Powell have sparked concerns about independence of the central bank.

Al Jazeera

Trump admin’s attacks on Powell over $2.5 billion Fed renovation hinge on ‘VIP dining rooms’ and procedural grounds with an obscure gov agency

The most recent criticisms against Fed chair Jerome Powell come after President Donald Trump continues to demand lower interest rates.

Fortune

Trump ramps up his war on Jerome Powell - and might have found reason to oust the Federal Reserve chair

Donald Trump has found a new angle to attack Federal Reserve Chairman Jerome Powell and potentially replace him

The Independent UK

Monetary policy at the world's most important central bank could hinge on an argument over building renovation specs

The latest spat between the Trump administration and the Federal Reserve is sounding more like a home-improvement reality TV show.

Fortune

Trump defends Texas flood handling as disaster tests vow to shutter Fema

Since disaster that has killed at least 120 people, US president has remained quiet about promises to axe relief agency

The Guardian - US

Budget chief faces tough questions on Trump’s high spending amid Medicaid cuts

IN FULL

The Independent UK

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The Independent UK

Budget Director confronted over Trump’s lavish spending amid government cuts

The White House’s Budget Director Russell Vought has been confronted over Donald Trump’s lavish spending amid cuts to government services.

Latin Times

GOP Lawmakers Further Bill Slashing Funding to Watchdog Group Despite Dozens of Active Investigations

Republicans advanced a budget cutting the GAO's funding by nearly half, sparking Democratic opposition as the bill heads to the Senate.

The Guardian - US

US state department told to end nearly all its overseas pro-democracy programs

Exclusive: All but two of the programs awarded under the Bureau of Democracy, Human Rights, and Labor would be cut, affecting nearly $1.3bn in grants

The Guardian - US

How US cities have long planned for a Trump-led escalation against protests

The US president hinted at a crackdown on demonstrations long before his inauguration, and it’s finally here

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We Got This Covered

‘Almost as in-house consultants as a part of the agency’s leadership’: Russell Vought plans to embed DOGE spies across entire federal government

When your coworker might be watching you.

The Guardian - US

Kathy Hochul deputy announces decision to challenge her in New York governor’s race – as it happened

Antonio Delgado announces run for governor and sets up Democratic primary battle for 2026 election

The Guardian - US

Trump news at a glance: veterans affairs department muzzled after critical article

VA physicians and scientists ordered not to publish in medical journals without seeking clearance from Trump appointees. Key US politics stories from Sunday 1 June

The Guardian - US

Vought says Trump may not need Congress’s approval to cut federal jobs

Amid bipartisan opposition, director of management and budget office says Trump prefers to use ‘executive tools’

The Independent UK

With Elon Musk out of the picture – what happens to DOGE now?

Musk officially announced he was stepping down on Wednesday night. As a Special Government Employee, he is restricted to serving 130 days

Latin Times

Trump Official Banking on 'Growing Economy' to Offset Tax Cuts Sparks Backlash Online: 'My Grandchildren Are Screwed''

A senior Trump administration official sparked online backlash after being asked how the cost of tax cuts provided by the GOP spending bill would be counteracted, stating that the administration was depending on the future possibility of a growing economy.

The Guardian - US

Workers at top US consumer watchdog sound warning as Trump bids to gut agency

Staff tell Guardian ripped-off Americans will have ‘nowhere to turn’ if Consumer Financial Protection Bureau is undone

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