48 h. ago Federal Reserve governor will keep job for now despite Trump’s bid to remove her

Supreme court defers action on request to remove Lisa Cook from post, at least until it hears oral arguments on caseUS government shutdown – live updatesLisa Cook, the US Federal Reserve governor, will keep her job for now, despite Donald Trump’s extraordinary bid to remove her from the central bank’s board with immediate effect.The US supreme court deferred action on the Department of Justice’s request to allow the president to fire Cook, at least until it hears oral arguments on the case in January. Continue reading...

Politics

51 h. ago Supreme Court declines Trump’s request to immediately remove Lisa Cook from Federal Reserve board

Justices will revisit Trump’s request to remove Lisa Cook as a Federal Reserve governor in January

Politics

51 h. ago Supreme Court blocks Trump from immediately firing Fed’s Lisa Cook

Justices defer decision on president’s bid to sack central banker until January 2026

Politics

62 h. ago ‘We’re not going to be bullied’: Democrats wage risky shutdown battle

Party stands its ground as federal government is shuttered and Trump threatens to fire furloughed workers

Events

7 d. ago Lisa Cook urges supreme court to reject Trump’s bid to fire her from Fed board

Cook’s lawyers say president’s unprecedented move would destroy Fed’s independence and disrupt financial marketsFederal Reserve governor Lisa Cook urged the US supreme court on Thursday to reject Donald Trump’s attempt to fire her, telling the justices the Republican president’s unprecedented move would destroy the central bank’s independence and disrupt financial markets.Lawyers for Cook filed a written response opposing the justice department’s 18 September emergency request to lift a federal judge’s order that blocked Trump from immediately removing Cook, an appointee of Democratic former president Joe Biden, while her legal challenge continues. Continue reading...

Events

8 d. ago Greenspan, Bernanke and Yellen urge Supreme Court to let Lisa Cook keep her job as a Fed governor

Alan Greenspan, Ben Bernanke, Janet Yellen and other former top economic officials appointed by presidents of both parties are urging the Supreme Court to preserve the Federal Reserve’s political independence and allow Lisa Cook to remain as a central bank governor for now

Society

8 d. ago Federal judge refuses to reinstate eight former inspectors general fired by Trump administration

A federal judge has refused to reinstate eight former inspectors general who sued after the Trump administration fired them with no warning and little explanation

Events

1 week ago Legal groups resist Trump authoritarian moves with pro bono work

Groups of lawyers battling to get clients’ jobs back, avoid prosecutions or recoup money that has been illegally blockedAs the Trump administration has fired federal employees and top officials for political reasons, blocked millions of dollars Congress appropriated and flouted legal norms, several legal outfits are providing crucial pro bono and other help to many individuals hurt by Donald Trump’s authoritarian actions, say lawyers involved and ex-prosecutors.Lowell & Associates, Democracy Defenders Fund and the Washington Litigation Group, are among the leading legal groups with clients battling to get their jobs back, avoid prosecutions, or recoup millions of dollars that have been illegally blocked, say attorneys with the trio and experts. Continue reading...

Politics

1 week ago Why Trump’s attacks on the Fed’s independence are so dangerous | Steven Greenhouse

The Federal Reserve cut interest rates this week. But the aggressive action Trump seeks could dramatically backfireDonald Trump has once again taken a wrecking ball to the rule of law and long-standing norms as he seeks to fire Lisa Cook, the Federal Reserve governor, and pursue his unprecedented assault on the central bank’s independence. Just as he failed to understand the huge problems his tariffs would create, Trump fails to understand the serious damage his attacks on the Federal Reserve could cause.In April, Trump launched repeated attacks on the Fed, threatening to fire its chairman, Jerome Powell, and demanding it slash interest rates. Trump called Powell “a stupid guy” and said “Powell’s termination cannot come fast enough!” Trump ultimately chickened out on firing Powell after financial markets tumbled at the prospect, but he hasn’t stopped pressing the Fed to chop its rates – suggesting they should be below 1% – to spur the slowing economy. Although Trump keeps denying it...

Politics

1 week ago Attorney investigating Trump critics resigns after pressure from officials – US politics live

Trump said ‘I want him out’ about Erik Siebert, who was investigating New York attorney general Letitia James and former FBI director James ComeyToday, lawmakers in the House will vote on legislation, known as a “continuing resolution” (CR), to prevent a looming government shutdown at the end of September.The bill, introduced by Republicans, would fund the government until 21 November. According to Politico, House GOP whip Tom Emmer was confident, as of Thursday, that his party had enough votes. “We’re going to pass this,” he said in an interview. Continue reading...

Politics

2 w. ago Trump touts ‘productive’ call with Xi and says he plans to go to China next year – live

Trump says he and the Chinese president made progress on TikTok and trade; the two leaders will meet in South Korea at summit next monthToday, lawmakers in the House will vote on legislation, known as a “continuing resolution” (CR), to prevent a looming government shutdown at the end of September.The bill, introduced by Republicans, would fund the government until 21 November. According to Politico, House GOP whip Tom Emmer was confident, as of Thursday, that his party had enough votes. “We’re going to pass this,” he said in an interview. Continue reading...

Politics

2 w. ago Trump asks Supreme Court to let him fire Fed governor Lisa Cook

A ruling by the US’s top court could lead to landmark decision on independence of the country’s central bank

Events

2 w. ago Trump fails to oust Lisa Cook from Fed ahead of rates decision

Court ruling comes as Senate confirms president’s pick for US central bank’s board

Politics

2 w. ago Lisa Cook can stay at Fed ahead of rates decision, appeals court rules

Ruling comes as Donald Trump’s pick for central bank’s board confirmed by the Senate

Events

2 w. ago Court stops Trump’s attempt to fire Fed Board Governor Lisa Cook

Ruling allows Federal Reserve official to participate in key rate-setting meeting this week

Events

2 w. ago Trump official confirmed to Fed board but court rejects Lisa Cook removal bid

Senate votes 48-27 to confirm Stephen Miran as Fed governor but court rules Cook may remain in placeSenate Republicans voted on Monday to confirm a senior Trump official to the Federal Reserve’s board of governors as the White House raced to strengthen the US president’s control over the central bank ahead of its latest meeting.Hours before Fed policymakers convene for their September decision on interest rates, the Senate voted 48 to 27 to confirm Stephen Miran – already chair of Donald Trump’s council of economic advisers – as a governor. Continue reading...

Politics

2 w. ago India’s supreme court refuses to block Modi government’s crackdown on Muslim charitable trusts

Supreme Court suspends select provisions of Waqf law while upholding registration requirements

Politics

2 w. ago Federal Reserve Governor Lisa Cook confirms second home status amid Trump fraud claims

Cook sued the Trump administration to block her firing following a row with the US President

Politics

2 w. ago Fed governor Lisa Cook listed contested home as vacation property

Documents appear to contradict White House allegation that she committed mortgage fraud

Society

2 w. ago Fed Governor Lisa Cook claimed 2nd residence as 'vacation home,' undercutting Trump fraud claims

Federal Reserve Governor Lisa Cook referred to a condominium she purchased in June 2021 as a “vacation home” in a loan estimate

Politics