Don’t expect the Federal Reserve to wade into the climate change fray. Fed Chair Jerome Powell made clear Tuesday that the banking system does not have a significant role in the space. “We are not, and will not be, a ‘climate policymaker,’” Powell said. “We should ‘stick to our knitting’ and not wander off to…

Newly installed House Speaker Kevin McCarthy is wasting no time in making legislative moves. He’s already led Republicans in a vote to slash $114 billion in funding for the IRS, a mostly symbolic move since the Senate is expected to strike down the bill. McCarthy’s historic difficulty in gaining the speaker’s gavel – it took…

An outage at the FAA disrupts thousands of flights; assault rifles banned in Illinois and the COVID-19 public health emergency extended. These stories and more highlight the midday rundown for Wednesday, Jan. 11, 2023. COVID-19 public health emergency extended The Department of Health and Human Services has extended the COVID-19 public health emergency today. It’s…

C-SPAN’s Co-CEO Susan Swain is asking House Speaker Kevin McCarthy, R-Calif., to allow her organization’s cameras in the House chamber full time. Swain is renewing the perennial request after experiencing success covering the 15 ballot House Speaker vote. “C-SPAN, a private not-for-profit public affairs network, commits to covering House debates in the same manner we…

Republican politicians and officials in New York called on the newly-elected Rep. George Santos (R-NY) to resign in a news conference following revelations of a two-fold scandal involving the representative. Wednesday’s news conference, held by the Nassau County GOP, came on the heels of Rep. Santos admitting he fabricated much of his resume and life…

Rep. George Santos (R-NY) remains embroiled in controversy over a series of lies about his career and personal life. Santos, a Republican who was elected in November to represent New York’s 3rd congressional district, has admitted he fabricated parts of his resume and aspects of his personal life, such as claiming he was Jewish (he’s…

House Republicans voted Monday night to strip the Internal Revenue Service of $72 billion in funds secured by the 2022 Inflation Reduction Act. House Speaker Kevin McCarthy, R-Calif., characterized one of his first legislative moves as a “promise kept.” “I guess I question why they made the promise in the first place,” said Marc Goldwein,…

House Republicans are forming two committees to investigate two of their big priorities: government overreach and China. The select committees were approved Tuesday afternoon. The Select Subcommittee on the Weaponization of the Federal Government This panel will investigate how executive branch agencies, like the FBI, collect information on American citizens and how they take action…

Rep. Jim Jordan (R-OH) will soon become chairman of the powerful House Judiciary Committee and he’s made it clear he’ll be forming a special subcommittee to look into what some Republicans are calling the “weaponization” of the FBI, DOJ, and other security agencies by the Biden administration. The formation of the subcommittee is part of…

There was chaos in Brazil over the weekend. Supporters of the country’s ousted President Jair Bolsonaro stormed buildings in the capital as they refused to accept his defeat to now President Luiz Inácio Lula da Silva. At least 400 people have been arrested after rioters smashed windows, climbed on the roofs and flooded parts of…