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The Latest Breaking News from Thom Tillis

US Senate approves Kevin Warsh for Fed Board, chair confirmation next

The Senate has confirmed Kevin Warsh to the Federal Reserve Board of Governors. A vote for his chairmanship is expected soon. This confirmation follows a lifted blockade by Senator Thom Tillis. The move comes as President Trump pushes for lower interest rates. Inflation is currently surging, presenting a challenge for…

The Economic Times

Virginia Democrats ask conservative-majority US supreme court to restore congressional map approved by voters – as it happened

This live blog is now closed.

The Guardian - US

Warsh moves closer to Fed role with Senate cloture vote

The Senate moved a step closer to confirming Kevin Warsh, the nominee for chairman of the Federal Reserve Board, with a procedural vote Monday. The Senate voted 49-44 to invoke cloture on Warsh’s nomination to the Fed board. The chamber will later need to take a distinct vote on his…

Roll Call

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Whatever Evidence the DOJ Has Against James Comey, It Cannot Transform '86 47' Into a Death Threat

Acting Attorney General Todd Blanche implausibly claims prosecutors can prove Comey "knowingly and willfully" threatened to murder the president.

Reason

Trump’s revenge tour is just beginning. Here’s who’s next on his list

ANALYSIS: Trump just steamrolled Indiana Republicans who defied him, Eric Garcia writes, and the president is just getting started

The Independent UK

GOP emerges from ‘hell week’ with deep divisions between Senate and House

During the final vote to close out the House’s “hell week,” a handful of Republicans had a message for the Senate: You’re responsible for the “suffering” agenda. Standing on the steps outside the Capitol on Thursday, House Freedom Caucus members loudly aired their grievances with the Senate. Republicans there have…

Roll Call

Senate bans prediction market trading by members, staff

Senators will now be barred from trading on prediction markets, after adopting a resolution by unanimous consent Thursday afternoon. It’s the latest in a flurry of efforts to squash insider trading by government officials as prediction markets grow in popularity. Led by Ohio Republican Sen. Bernie Moreno, the resolution adopted…

Roll Call

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The House shredded a combative Hegseth on Iran. A worse fate awaits him on Thursday in the Senate

ANALYSIS: Democrats say hearing ‘shows you what a f***ng joke he is.’ But, Eric Garcia writes, the Senate might be tougher for him

The Independent UK

Pete Hegseth Questioned Why Minesweepers Were Sent to Singapore Weeks Before Iran War

The Pentagon is under scrutiny for positioning US Navy mine-clearing ships far from the Strait of Hormuz before conflict with Iran, raising questions about strategic preparedness.

International Business Times UK

Jerome Powell to stay on Fed board after central bank holds rates steady in defiance of Trump

Chair planned to exit after inquiry into building renovations but will now oversee ‘remaining steps in the process’

The Guardian - US

Stocks Mixed After Divided Fed Holds Rates Steady

The S&P 500 Index ($SPX ) (SPY ) today is down -0.36%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.78%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.09%. June E-mini S&P futures (ESM26 ) are down -0.28%, and June E-mini Nasdaq futures...

Barchart

Kevin Warsh clears key Senate hurdle to replace Fed chair Powell

A Senate committee advances Trump’s pick as doubts linger over the Fed’s independence and Powell’s future

The Guardian - US

Stocks Pressured as Soaring Crude Prices Raise Inflation Concerns

The S&P 500 Index ($SPX ) (SPY ) today is down -0.19%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.57%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.20%. June E-mini S&P futures (ESM26 ) are down -0.15%, and June E-mini Nasdaq futures...

Barchart

Stocks Fall on AI Jitters and Surging Crude Oil Prices

The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed down -0.49%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.05%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.01%. June E-mini S&P futures (ESM26 ) fell -0.46%, and June E-mini Nasdaq futures...

Barchart

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The Mary Sue

Secretary of War faces Senate grilling over $1.5T budget even as GOP senators quietly await his exit

Secretary of War Pete Hegseth is heading to Capitol Hill this week to defend the Pentagon’s $1.5 trillion budget request, but the real drama might not be the numbers. It’s the growing chorus of GOP senators who are done waiting for him to leave.

Barchart

AI Fears and Surging Crude Oil Prices Weigh on Stocks

The S&P 500 Index ($SPX ) (SPY ) today is down -0.66%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.03%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.30%. June E-mini S&P futures (ESM26 ) are down -0.63%, and June E-mini Nasdaq futures...

International Business Times

Fed Expected To Keep Rates Unchanged Ahead Of Potential Leadership Change

The Federal Reserve is expected to keep interest rates unchanged after its meeting end on Wednesday, according to a new report.

Barchart

Stocks Pressured by AI Fears and Soaring Crude Oil Prices

The S&P 500 Index ($SPX ) (SPY ) today is down -0.38%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.25%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.78%. June E-mini S&P futures (ESM26 ) are down -0.44%, and June E-mini Nasdaq futures...

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Kiplinger

April Fed Meeting: Updates and Commentary

The April Fed meeting was Jerome Powell's last as chair of the central bank, but he's not leaving the central bank just yet.

Barchart

Tech Earnings Optimism Powers Stocks Higher

The S&P 500 Index ($SPX ) (SPY ) on Monday closed up +0.12%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.13%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.01%. June E-mini S&P futures (ESM26 ) rose +0.14%, and June E-mini Nasdaq futures...

Kiplinger

Nasdaq Notches Another New All-Time High: Stock Market Today

Two of the three main U.S. equity indexes hit new all-time highs at the start of a big week for earnings and interest rates.

Reason

By Dropping Her Criminal Probe of Jerome Powell, Jeanine Pirro Confirms Its Political Motivation

Even Republican critics of the Federal Reserve chairman's performance rejected the notion that he had broken the law by lying about the renovation of the central bank's headquarters.

International Business Times

Only Half Of Economists Believe Kevin Warsh Would Be An Independent Fed Chair: Poll

Only half of Americans believe Kevin Warsh would maintain the Federal Reserve's independence should he be confirmed as chair, according to a new poll.

The Independent UK

Republicans Senators are growing more frustrated with Pete Hegseth and want to see Trump ‘move on’: report

Hegseth’s high turnover of military leadership leads Republican senators to warn he wouldn’t pass confirmation today

Barchart

Stocks Slip as Higher Oil Prices Spur Inflation Concerns

The S&P 500 Index ($SPX ) (SPY ) today is down -0.12%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.14%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.30%. June E-mini S&P futures (ESM26 ) are down -0.14%, and June E-mini Nasdaq futures...

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