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Donald Trump has had a public disagreement with Federal Reserve Chair Jerome Powell over the $2.5bn cost of renovating the Fed’s historical buildings. Trump suggested the cost was fraud, but Powell pointed out that the figure wrongly included renovations from five years ago. This comes in the midst of Trump’s campaign to pressure the Fed into cutting interest rates.
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Donald Trump and Jerome Powell, chairman of the US Federal Reserve, clash over the $3.1bn cost of renovations at the US Federal Reserve’s Washington HQ, with Trump incorrectly including costs from a different Fed building. Additionally, other significant Trump administration stories unfolded throughout the day.
Trump and Powell Argue over Fed Renovation Costs
Trump confronted Powell during a visit to the Federal Reserve’s headquarters to question the cost of renovations. Trump has repeatedly criticized Powell and the Fed for not slashing interest rates and now is scrutinizing the renovation bill.
US Withdraws from Gaza Ceasefire Talks
Accusing Hamas of lacking commitment to reaching a ceasefire, the US has pulled its negotiating team from Gaza ceasefire talks in Qatar.
Officials from Trump’s DoJ Meet with Ghislaine Maxwell Amid Epstein Scandal
As the Jeffrey Epstein scandal continues to envelop the Trump administration, Department of Justice officials meet with Ghislaine Maxwell, Epstein’s longtime associate.
Former President Bill Clinton Sends Epstein a Birthday Note
Bill Clinton has reportedly sent a birthday note to convicted sex offender Jeffrey Epstein, following reports that Trump sent a similar note.
Columbia University’s Deal with Trump Sparks Mixed Reactions
Columbia University’s controversial deal with the Trump administration has been met with both criticism and approval from faculty, students, and alumni.
Obama Under Investigation by Trump’s DoJ over 2016 Election Claims
The US justice department has formed a strike force to investigate the Obama administration’s alleged use of false intelligence suggesting Russia interfered in the 2016 presidential election to help Trump.
Deported Venezuelans Describe Torturous Conditions in El Salvador Prison
Venezuelan men who have been deported to a notorious El Salvadorian prison speak out about their experiences after being repatriated to Venezuela.
Trump Issues Executive Order to Address Homelessness
Trump issues an executive order to push local governments to remove unhoused people from the streets as part of a crackdown on homelessness in the US.
Trump Aims to Curb Influence of Money on College Sports
Trump signs an executive order prohibiting pay-for-play payments to college athletes in an attempt to stem the bidding wars that have disrupted college sports over recent years.
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