OMB Director Questions Powell Over Fed HQ Renovation Spending

Federal Reserve Chair Jerome Powell testifies on Capitol Hill in Washington on June 25, 2025. Kent Nishimura/Getty Images Office of Management and Budget (OMB) Director Russell Vought has criticized Federal Reserve Chairman Jerome Powell in a letter dated July 10 and said he is concerned about the renovation cost for the central bank’s headquarters in

Trump to survey Texas flood damage as search for the missing continues

Washington — President Trump and first lady Melania Trump are heading to Central Texas on Friday to survey the devastation wrought by last week’s deadly flooding, as first responders and family members continue their search for the missing.  The Trumps will speak with local officials and first responders in Kerrville, Texas, as the death toll