Cherfilus-McCormick resigns from Congress before Ethics hearing on sanctions

Washington — Democratic Rep. Sheila Cherfilus-McCormick of Florida resigned from Congress on Tuesday, moments before the House Ethics Committee was set to determine whether she should be sanctioned for allegations of theft and other misconduct. Cherfilus-McCormick has been charged with stealing nearly $5 million in Federal Emergency Management Agency funds for her campaign and has

Cherfilus-McCormick resigns from Congress before Ethics meeting on sanctions

Washington — Democratic Rep. Sheila Cherfilus-McCormick of Florida resigned from Congress on Tuesday as the House was poised to vote on her expulsion in the coming days.  Cherfilus-McCormick stepped down shortly before the House Ethics Committee was set to meet to determine whether any punishment was warranted for her alleged misconduct. She has been charged

Senate GOP unveils budget resolution, kickstarting process to fund ICE

Washington — Senate Republicans unveiled a budget resolution on Tuesday to begin the process of funding immigration agencies under the Department of Homeland Security without help from Democrats. Republican Sen. Lindsey Graham of South Carolina, who leads the Senate Budget Committee, released the 58-page budget resolution, saying in a statement that Republicans are “moving forward

Kevin Warsh testifies that the Fed will remain “strictly independent”

Kevin Warsh, President Trump’s nominee to replace Jerome Powell as chair of the Federal Reserve, testified at his Senate confirmation hearing on Tuesday that the central bank will remain “strictly independent” in setting monetary policy. Warsh’s opening statement comes after Mr. Trump has repeatedly criticized Powell for not cutting interest rates at a faster pace.

What to expect at Kevin Warsh’s Fed chair confirmation hearing

Update: Follow the latest on Kevin Warsh’s confirmation hearing here.  Kevin Warsh, President Trump’s nominee to replace Jerome Powell as chair of the Federal Reserve, is set to face questions regarding his views on inflation, interest rates and other economic issues at a Senate Banking Committee hearing on Tuesday.  A majority on the 24-member panel