Rep. Robert Garcia (D-Calif.) has been elected as the new ranking member of the House Oversight Committee, becoming the top Democrat on one of Congress’s most powerful and visible panels. Garcia, a former Long Beach mayor now in his second term in Congress, replaces Rep. Gerry Connolly (D-Va.), who died last month at age 75
President Donald Trump said on Tuesday he’s not seeking regime change in Iran. The comments come two days after floating the possibility on social media, amid a cease-fire that he announced hours later. “I don’t want it. I’d like to see everything calm down as quickly as possible,” Trump told reporters on Air Force One
U.S. Attorney General Pam Bondi says the Department of Justice (DOJ) is on “high alert” following U.S. airstrikes on Iran’s nuclear program over the weekend. Rep. Tony Gonzales (R-Texas), during a House Appropriations Committee meeting on Monday, asked Bondi about the number of Iranian nationals who may have entered the United States illegally. Original News
Federal Reserve Chair Jerome Powell on June 24 told lawmakers on Capitol Hill that tariffs will likely raise inflation and weigh on the U.S. economy. Powell will deliver his semi-annual monetary policy to Congress this week, emphasizing that economic activity is robust, employment conditions are solid, and inflation remains slightly above the institution’s 2 percent
The House Oversight and Government Reform Subcommittee on Delivering on Government Efficiency holds a hearing titled “Locking in the DOGE Cuts: Ending Waste, Fraud, and Abuse for Good” at 10 a.m. ET on June 24. Witnesses: Matthew Dickerson, director of budget policy at the Economic Policy Innovation Center (EP… Original News Source Link – Epoch
The House Oversight and Government Reform Subcommittee on Delivering on Government Efficiency holds a hearing titled “Locking in the DOGE Cuts: Ending Waste, Fraud, and Abuse for Good” at 10 a.m. ET on June 24. Witnesses: Matthew Dickerson, director of budget policy at the Economic Policy Innovation Center (EP… Original News Source Link – Epoch
Odds of a July interest rate cut ticked up on June 23, as key Federal Reserve officials signaled support for a reduction next month. New CME FedWatch Tool data from June 23 suggest that the futures market projects a 21 percent chance of a quarter-point rate cut in July, up from 14 percent a week