NEWS

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Federal prosecutors have opened a criminal investigation into Federal Reserve chair Jerome Powell, he said on Sunday.

In a highly unusual move, Powell disclosed that the US Department of Justice (DoJ) served the agency with subpoenas and threatened a criminal indictment over testimony he gave to a Senate committee about renovations to Federal Reserve buildings.

Calling the probe "unprecedented", Powell said he believed it was opened due to Donald Trump's anger over the Fed's refusal to cut interest rates despite repeated public pressure from the president.

Trump said he did not "know anything" about the investigation. The DoJ has been contacted for comment.

Until now, the long-running feud between Trump and Powell has been largely one-sided with the US president calling the banker "Mr. Too Late" and a "numbskull".

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President Donald Trump on Wednesday proposed setting U.S. military spending at $1.5 trillion in 2027, citing “troubled and dangerous times.”

Trump called for the massive surge in spending days after he ordered a U.S. military operation to capture Venezuelan leader Nicolás Maduro and spirit him out of the country to face drug trafficking charges in the United States. U.S. forces continue to mass in the Caribbean Sea.

The 2026 military budget is set at $901 billion.

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Two people were killed and six others injured in a shooting outside a Salt Lake City church Wednesday night while mourners were attending a memorial service inside, police said.

The shooting took place in the back parking lot of a house of worship for The Church of Jesus Christ of Latter-day Saints, the Utah-based faith known widely as the Mormon church.

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Federal immigration agents shot and wounded two people in a vehicle outside a hospital in Portland on Thursday, a day after an officer fatally shot a woman in Minnesota, authorities said.

The shooting drew hundreds of protesters to the U.S. Immigration and Customs Enforcement building at night, and Oregon Attorney General Dan Rayfield vowed to investigate “whether any federal officer acted outside the scope of their lawful authority” and refer criminal charges to the prosecutor’s office if warranted.

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U.S. importers, customs brokers and trade lawyers are bracing for a potentially protracted battle over tariff refunds as the Supreme Court weighs the legality of former President Donald Trump's sweeping global duties. If the court strikes down the tariffs, companies could seek as much as $150 billion in refunds for duties already paid, a process many fear will be slow and contentious.

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President Donald Trump has confirmed that Sean "Diddy" Combs personally asked him for a presidential pardon but said he does not plan to grant clemency to the imprisoned music mogul.

In an interview with The New York Times published Thursday, Jan. 8, Trump revealed that Combs reached out directly while serving his federal sentence. "He asked me for a pardon," Trump said, adding that the request came "through a letter." When pressed for details, the president quipped, "Oh, would you like to see that letter?" The Times noted that Trump did not produce the letter. A White House spokesperson later confirmed Trump's comments, while Combs' representatives declined to comment.

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US President Donald Trump has defended the U.S. Customs and Immigration Enforcement agent who fatally sh0t a 37-year-old woman in Minneapolis, arguing the officer acted in self-defense.

In a statement on the sho0ting, Trump said he viewed a clip of the Jan. 7 incident, which shows an ICE agent confronting a woman in a vehicle blocking a street. As the woman drives off, another ICE agent approaching the vehicle from its front fires three sh0ts into the driver's side window. Read prevous report here.

"It is a horrible thing to watch," Trump said in a post on Truth Social. "The woman screaming was, obviously, a professional agitator, and the woman driving the car was very disorderly, obstructing and resisting, who then violently, willfully, and viciously ran over the ICE Officer, who seems to have shot her in self-defense."