Fed Rejects CBDC After Trump Ban, as Global Digital Currency Plans Stall

Federal Reserve Chair Jerome Powell has vowed that the U.S. central bank will never adopt a central bank digital currency after Trump’s order. The Federal Reserve will never adopt a central bank digital currency (CBDC), the U.S. central bank’s chairman, Jerome Powell, confirmed on Tuesday to lawmakers on Capitol Hill. Powell’s pledge follows President Donald

Appeals Court Dismisses Case Against Trump’s Co-defendants Over Classified Documents

The court dismissed the appeal as it related to Trump after a request from former special counsel Jack Smith. The U.S. Court of Appeals for the 11th Circuit has granted the Department of Justice’s (DOJ’s) request to dismiss its case against President Donald Trump’s two co-defendants in the Florida classified documents dispute. A Feb. 11

Trump Raises Gaza Takeover, Population Relocation in Meeting With Jordan’s King Abdullah

The Jordanian monarch has offered to take in 2,000 at-risk children from Gaza but hasn’t committed to the larger relocation effort Trump proposed. WASHINGTON—As he hosted Jordan’s King Abdullah II at the White House on Feb. 11, President Donald Trump said he has the authority to order a U.S. takeover of the Gaza Strip and

House Oversight Committee’s Hearing on Examining the Growth of the Welfare State, Part I

The House Oversight and Government Reform Committee’s Subcommittee on Health Care and Financial Services holds a hearing on “Examining the Growth of the Welfare State, Part I” at 1:30 p.m. ET on Feb. 11. Witnesses include Patrice Onwuka, director of the Center for Economic Opportunity at the Independent Women’s Forum; Robert Re… Original News Source

Ruling Blocking Musk, DOGE From Treasury Systems Excludes Bessent, Judge Says

The judge declined to dissolve the temporary restraining order, but clarified its terms. A federal judge on Feb. 11 turned down a government request to dissolve a restraining order that is blocking the Department of Government Efficiency (DOGE) from accessing government payment systems, but made clear that the block does not extend to the head

Abbott Seeks Federal Refund for $11 Billion Spent by Texas on Border Security

The governor is urging congressional lawmakers to push for federal reimbursement while state legislators iron out state-based agreements with ICE. Texas Gov. Greg Abbott announced he will be traveling to Washington this week to speak with congressional members from Texas about getting the state an $11 billion refund for money spent to secure the southern