Welcome to The Hill’s Business & Economy newsletter {Beacon} Business & Economy Business & Economy The Big Story Republican senators block DOJ investigation In the Senate, Republicans are rushing to shield Federal Reserve Chairman Jerome Powell from a criminal investigation by the Department of Justice (DOJ), which Powell says is politically motivated and aimed at…
A federal court is ordering the Trump administration to restore funding to seven green projects after it alleged they were treated unfairly because they were located in mostly blue states. DC federal Judge Amit Mehta ruled that the Trump administration’s move to cancel funding violated the award winners’ rights under the Equal Protection Clause. “Defendants…
President Trump on Monday threatened to impose 25 percent tariffs on countries trading with Iran in response to Tehran’s violent crackdown on growing anti-government protests. “With immediate effect, any country trading with the Islamic Republic of Iran will pay a tariff of 25% on any and all trade conducted with it… Source link
Senate Majority Leader John Thune (R-D.) warned on Monday that the Justice Department’s criminal investigation into Federal Reserve Chairman Jerome Powell must be “realistic” and “serious” to avoid undermining the central bank’s independence and influencing the world’s financial markets. “I haven’t seen the case or whatever the charges or allegations are, but… Source link
Speaker Mike Johnson (R-La) denied that the Justice Department is being “weaponized” to help advance President Trump’s policy goals as it opens a criminal investigation into Federal Reserve Chairman Jerome Powell. “No, the Justice Department is not being weaponized,” Johnson told reporters Monday. “It was for four years under Biden-Harris, so… Source link
The campaign of Senator John Cornyn (R-Texas) announced on Monday that the senator had raised more than $7 million between October and December of 2025, as the senior Texas senator defeated two Republicans in a primary election. Cornyn’s campaign said the funding in the fourth quarter of 2025 came in conjunction with his campaign… Source…
Former Federal Reserve Chairwoman Janet Yellen on Monday criticized the federal investigation into the central bank and Chairman Jerome Powell. “I find this extremely disappointing for the Fed’s independence,” he told CNBC’s Sarah Eisen. Powell, who succeeded Yellen in 2018, confirmed the inquiry late Sunday. The Fed Chairman said that the Department of Justice (DOJ)…
The past three chairmen of the Federal Reserve on Monday criticized the Department of Justice (DOJ) investigation into the central bank and Chairman Jerome Powell. Former Fed Chair Alan Greenspan, Ben Bernanke and Janet Yellen were among 13 economic officials who, while serving under Republican and Democratic presidents, signed a statement… Source link
The U.S. Supreme Court on Jan. 12 will hear a climate law case involving oil extraction by private companies during World War II that resulted in a near $1 billion verdict in Louisiana, highlighting the importance of neutral forums and the threat of unscrupulous trial lawyers to public-private partnerships. Source link
Former late-night comedian David Letterman criticized his old network over changes in news coverage during the first year of President Trump’s second term. “By the way, what about those idiots at CBS?” Letterman said as part of a video posted to his YouTube channel, the medium he has used to comment… Source link
