Fed, Trump
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The yearslong project to overhaul the U.S. central bank’s headquarters in Washington, D.C., has run into multiple hurdles, including higher-than-expected groundwater at the site.
Nationwide, the Trump administration froze billions in funding for education. Washington stood to lose about 15.6% of the state's federal K-12 funding.
2don MSN
On Thursday, staff at the Federal Reserve led a small group of journalists, photographers and television cameras on an extensive tour of the large, active construction site that comprises two 1930s-era buildings.
Washington Attorney General Brown secured a temporary halt against federal restrictions on public benefits, buying time until September 3 for those relying on state services.
Trump’s executive order addresses homelessness by redirecting federal funds to substance abuse treatment, enforcing bans on open drug use and camping on public property.
A sprawling $2.5 billion project to renovate the central bank’s headquarters in Washington has become the focal point of attacks from the Trump administration.
The U.S. DOGE Service is using a new AI tool to eliminate federal regulations, aiming to cut 50 percent of rules by the first anniversary of President Donald Trump’s inauguration.
As the president toured the central bank’s Washington headquarters, he slapped its chief, Jay Powell, on the back and said: “I would love it if he lowered interest rates.” Powell’s awkward laugh in the moments that followed underscores how Trump is publicly challenging the Fed in a way never seen in the history of the central bank.