The Department of Justice’s criminal investigation into Federal Reserve Chair Jerome Powell is merely “temporarily paused,” a pair of Democratic senators said in a letter sent to the department Friday and obtained first by CNBC. “Your announcement leaves the door wide open for you to relaunch the criminal probe against Chair Powell — or future…
Kevin Warsh’s newly released financial disclosures shed light on the Federal Reserve chair nominee’s vast wealth, but also raise questions about parts of his holdings that aren’t fully revealed in the paperwork. That could be a challenge for Warsh as he seeks to overcome a legacy of ethics scandals under the current chair, Jerome Powell….
Affordability has gone from being a dry financial term to an all-purpose hot button. Groceries, health care, child care, cars, gas — you name it, and affordability is attached to it these days. And then there’s housing, one of the stickiest issues in America’s affordability discussions. On March 12, the U.S. Senate passed a massive housing bill addressing affordability and supply, mostly of single-family homes. The 21st Century ROAD to Housing Act, chock-full of more than 40…
Sen. Jeff Merkley (D-OR) speaks at a news conference on his marathon overnight speech on the Senate floor at the U.S. Capitol Building on Oct. 22, 2025 in Washington, DC. Andrew Harnik | Getty Images A group of congressional Democrats on Thursday introduced legislation that would ban prediction market bets on elections, government actions, war…
Sen. Elizabeth Warren, D-Mass., talks with reporters after a Senate Armed Services Committee closed briefing on the Iran war, in the Capitol Visitor Center on Tuesday, March 10, 2026. Tom Williams | CQ-Roll Call, Inc. | Getty Images Sen. Elizabeth Warren said the Department of Defense has no plan to stop President Donald Trump‘s family…
Federal Communications Commission Chair Brendan Carr has drawn fierce backlash from Democratic lawmakers and free speech advocates for threatening to revoke broadcasters’ licenses over their coverage of the war in Iran. Carr on Saturday blasted broadcasters shortly after President Donald Trump called reports that Iran struck five U.S. tanker planes “fake news.” In a post on X, Carr…
Sen. Elizabeth Warren (D-MA), accompanied by Sen. Angus King (I-ME) (L), speaks as United States Northern Command and North American Aerospace Defense Command (USNORTHCOM) Commander Gen. Gregory Guillot, Principal Deputy Assistant Secretary of Defense for Homeland Defense and Americas Security Affairs Mark Ditlevson, and Department of War Principal Deputy General Counsel Charles Young III, appear…
Ranking member Sen. Elizabeth Warren, D-Mass., questions Treasury Secretary Scott Bessent during the Senate Banking, Housing and Urban Affairs Committee hearing titled “The Financial Stability Oversight Council’s Annual Report to Congress,” in Dirksen building on Thursday, Feb. 5, 2026. Tom Williams | CQ-Roll Call, Inc. | Getty Images Democratic Sen. Elizabeth Warren is calling President…
Moderate Democrats looking for their party to take back control of the U.S. House in November are offering an alternative to the economic populism message peddled by their more liberal counterparts. A new blueprint from the center-left New Democrat Coalition, shared exclusively with CNBC, lays out a road map for addressing affordability — top on…
In an aerial view, two-story single family homes line the streets on Jan. 14, 2026 in Thousand Oaks, California. Kevin Carter | Getty Images House lawmakers on Monday approved a package of bills aimed at increasing housing affordability by giving builders and local governments incentives to boost construction by reducing regulations around home construction. The…
