Kevin Warsh Sworn In as Federal Reserve ChairA new Federal Reserve Chair being sworn in is a significant leadership transition with broad implications for U.S. monetary policy and the economy.
House Passes War Powers Resolution on Iran; Trump Criticizes Republicans Who Voted for It
The House passed a resolution seeking to halt further US military action related to Iran, with four Republican members joining Democrats in support. The measure is considered largely symbolic. The president publicly criticized the Republicans who voted for it.The House of Representatives passed a war powers resolution aimed at halting further US military action connected to the conflict with Iran. The measure passed with support from four Republican members alongside Democrats, making it a bipartisan rebuke of the administration's military posture, though analysts describe the resolution as largely symbolic given the procedural and legal limits on its enforcement. The president responded by publicly calling the Republicans who voted for it unpatriotic, a rare instance of a sitting president directing that language at members of his own party. The vote reflects growing congressional unease about the scope and duration of US military engagement in the Middle East, though the administration has continued to describe the situation with Iran as a concluded or winding-down conflict. The episode also highlighted an internal tension within the Republican Party over the executive branch's authority to conduct military operations without explicit congressional authorization.
Senate Advances ICE Funding Bill After Stripping Contested Provisions
The Republican-led Senate moved forward on a bill to fund immigration enforcement through the end of the current administration, after the White House agreed to drop a proposed settlement fund for political allies and a separate White House security proposal was removed from the legislation.The Senate began debate on a roughly $70 billion immigration enforcement funding package following a procedural agreement that removed two contested provisions. The administration agreed to drop a proposed anti-weaponization fund from the Department of Justice — which critics described as a settlement mechanism for political allies — and a separate provision for White House security was also stripped from the bill. The legislation is intended to fund Immigration and Customs Enforcement operations through the remainder of the current presidential term. The bill faces continued uncertainty as senators from both parties have proposed amendments during the vote-a-rama process, testing Republican unity. Democrats have opposed the overall package, and several Republicans have expressed reservations about specific elements, putting the bill's final passage in question.
Consumer Financial Protection Bureau Removes Over 2,000 Webpages from Its Website
The Consumer Financial Protection Bureau deleted at least 2,200 pages from its website, all published before the current administration took office. Consumer advocates say the removals are part of a broader effort to reduce the agency's operational scope.The Consumer Financial Protection Bureau removed at least 2,200 pages from its public website during the previous month, according to a review of the agency's online content. All of the deleted material predates the current administration. Advocates for consumer protection say the removals are consistent with a larger administrative effort to diminish the agency, which was created after the 2008 financial crisis to oversee financial products and services affecting ordinary Americans. The bureau has faced repeated budget and staffing reductions under the current administration. Critics argue that removing publicly available guidance, enforcement records, and consumer information limits transparency and reduces the practical utility of the agency. The administration has not issued a detailed public explanation for the specific removals.
Trump Announces Plan to Nominate Todd Blanche as Permanent Attorney General
President Trump announced he intends to nominate Todd Blanche to serve as the permanent Attorney General of the United States.President Trump announced at a White House event that he plans to nominate Todd Blanche to serve as the permanent Attorney General. Blanche has been serving in the role and the announcement signals the administration's intent to formalize the appointment through the Senate confirmation process. No timeline for a confirmation hearing was immediately announced.
Supreme Court Allows Alabama to Use Congressional Map a Lower Court Found Racially Discriminatory
The Supreme Court cleared the way for Alabama to use its preferred congressional district map for upcoming elections, overriding a lower court ruling that had found the map to be racially discriminatory under the Voting Rights Act.The Supreme Court issued an order permitting Alabama to proceed with a congressional district map that a lower federal court had struck down as racially discriminatory, finding it violated the Voting Rights Act. The court's action allows Alabama to use the map while litigation continues, effectively delaying any court-ordered redrawing of district lines. The decision is part of a broader set of ongoing cases involving the court's application of the Voting Rights Act, which has been the subject of significant legal debate in recent terms. The ruling has immediate implications for how congressional seats are drawn in Alabama and may influence redistricting disputes in other states. The court's conservative majority has in recent years significantly narrowed the circumstances under which states can be compelled to create additional majority-minority districts, and this order continues that pattern. The case will return to lower courts for further proceedings, but the immediate electoral consequence is that Alabama's preferred map remains in place.
Dozens of Children Previously Separated at the Border Have Been Separated Again, Investigation Finds
An Associated Press investigation found that dozens of children who were separated from their parents under the first Trump administration have been separated again, despite a court order requiring their reunification. Some parents have been held in immigration detention for months.An Associated Press investigation found that dozens of children who had previously been separated from their parents under the first Trump administration's family separation policy have been separated from those same parents a second time. A federal judge had previously ordered the families to be reunited. According to the investigation, some parents are currently held in immigration detention facilities and have been there for extended periods. The findings raise legal questions about compliance with the earlier court order. The investigation does not specify the total number of affected families beyond describing it as dozens, and the administration had not issued a formal public response to the findings at the time of reporting.
Arizona and Nevada Reach Agreement to Receive Desalinated Pacific Ocean Water
Arizona and Nevada have agreed to a water-sharing arrangement that would provide them with desalinated Pacific Ocean water processed at a treatment plant in San Diego County, California, leaving more water in the Colorado River for the two drought-stressed states.Arizona and Nevada have reached an agreement under which they would receive water desalinated at a facility in San Diego County, California, in exchange for leaving more water in the Colorado River. The arrangement draws on a treatment plant that has operated for approximately a decade. The Colorado River, which supplies water to tens of millions of people across the American Southwest and parts of Mexico, has faced severe depletion driven by drought, rising temperatures, and historically high demand. The agreement represents a market-based water transfer mechanism rather than a new infrastructure project. Details of the cost-sharing arrangement and the volume of water involved were not fully specified in available reporting. Western water managers have increasingly explored desalination and water trading as tools to manage the ongoing shortage in the Colorado River Basin.
Former National Security Adviser John Bolton to Plead Guilty in Classified Documents Case
Former National Security Adviser John Bolton will plead guilty to charges related to mishandling classified information, resolving a federal case that included 18 counts of retaining or disseminating classified material, some of which he allegedly shared with family members while writing a memoir.Former National Security Adviser John Bolton will enter a guilty plea to resolve federal charges filed against him in October 2025. The case included 18 counts alleging that Bolton either retained or disseminated classified information. Among the specific allegations was that Bolton shared diary-like notes from his time in government with family members while preparing a memoir about his tenure. Bolton served as national security adviser during the first Trump administration and became a public critic of the president following his departure from the role. Terms of the plea agreement, including any sentencing conditions, were not fully detailed in available reporting at the time.
Study Finds National Guard Deployment Has Not Reduced Violent Crime in Washington, DC
A new study found that the National Guard's presence in Washington, DC, deployed since August as part of a federal crime-reduction initiative, has had no measurable effect on violent crime in the city. The Guard's numbers are set to double in coming weeks.A new study concluded that the deployment of National Guard troops in Washington, DC has not reduced violent crime in the city. The Guard has been stationed in the capital since August as part of a federal task force focused on crime reduction. Despite the deployment, crime data examined in the study showed no statistically significant reduction in violent incidents. The administration has announced plans to double the number of Guard personnel in the city in the coming weeks. The study adds to a policy debate about the effectiveness of military-style deployments as a tool for addressing urban crime, a practice that has historically generated both legal questions about the appropriate use of military personnel in domestic law enforcement and empirical questions about its effectiveness.
Hezbollah Rejects US-Brokered Lebanon Ceasefire as Israel Continues Operations
Hezbollah rejected a ceasefire agreement reached between the Lebanese and Israeli governments following US-mediated talks, leaving the truce in doubt. Israel continued ground operations in southern Lebanon, and a UN peacekeeper was killed by mortar fire.A US-brokered ceasefire between Israel and Lebanon has stalled after Hezbollah rejected the agreement, despite both governments signing on to the deal following a fourth round of State Department-mediated talks. The joint statement released after those talks stated that any ceasefire was contingent on a complete cessation of Hezbollah fire and the withdrawal of Hezbollah operatives from south of the Litani River — conditions Hezbollah's leader publicly refused. Israel continued its ground operation in southern Lebanon even as talks were underway, and Israeli and Hezbollah forces exchanged strikes in the hours following the announcement. One UN peacekeeper serving with UNIFIL was killed and others were wounded by mortar fire in southeastern Lebanon. A separate development highlighted an evolving military challenge: Hezbollah has deployed fiber-optic guided drones that are more difficult to intercept than radio-controlled variants, exposing gaps in Israeli defenses. In Washington, the House passed a war powers resolution — largely symbolic in legal effect — seeking to halt further US military action in the region. The vote drew criticism from the administration. Iran's leadership issued public statements claiming battlefield success, while the US described its ceasefire with Iran as still holding despite continued exchanges of fire. The situation remains fluid, with the Lebanon ceasefire agreement effectively in limbo pending Hezbollah compliance.
Iran Strikes Kuwait's Main Airport Amid Fragile Regional Ceasefire
Iran struck Kuwait International Airport with ballistic missiles and drones, killing one person and injuring dozens. Kuwait condemned the attack. The US said its ceasefire with Iran remains in effect despite continued regional violence.Iran launched ballistic missile and drone strikes that hit Kuwait International Airport, killing at least one person and injuring dozens. Kuwait, a US ally, formally condemned what it called brutal and ongoing Iranian attacks. The strike occurred during a period described by the US as a fragile but still-holding ceasefire between American and Iranian forces. Both sides have continued to exchange fire despite the ceasefire framework, and Israel's ongoing military campaign in Lebanon has added further pressure to regional stability. The US government maintained that its ceasefire with Iran had not been formally broken, though the broader regional situation — including the Kuwait strike and continued Israeli-Hezbollah fighting — underscored the tenuous nature of any pause in hostilities. Kuwait's international airport serves as a major transit hub and the strike drew immediate international attention given Kuwait's status as a US partner in the Gulf.
SpaceX Sets Price for IPO, Aiming to Surpass Saudi Aramco as Largest Public Offering on Record
SpaceX priced its initial public offering at $135 per share, targeting a raise of approximately $75 billion in a listing planned for June 12. If completed as planned, the offering would exceed the 2019 Saudi Aramco IPO in both valuation and capital raised.SpaceX set a share price of $135 for its initial public offering, putting the company on track to raise approximately $75 billion in what would be the largest IPO in history, surpassing the 2019 Saudi Aramco offering. The listing is planned for June 12. At that valuation, the company's founder would hold a substantially larger net worth, potentially crossing into trillionaire territory depending on final market reception. The company's prospectus projects strong confidence in its commercial trajectory, though independent analysts have noted risks including the concentration of government contracts, execution dependencies on a small leadership team, and the challenge of sustaining a valuation that has outpaced most comparable aerospace and technology companies. Gwynne Shotwell, the company's president and chief operating officer, has been widely credited with managing the day-to-day operations that underpin SpaceX's commercial success. The IPO has generated broad interest among retail and institutional investors, including a notable following among space industry enthusiasts. Broader market activity reflected anticipation of the offering, with technology stocks under mixed pressure while the Dow Jones Industrial Average reached a record high on the same day.
Federal Reserve Chair Says September Rate Cut Is Possible, Cites Reduced Inflation Pressure
Federal Reserve Chair Jerome Powell said an interest rate cut could come as soon as September, noting that the labor market is no longer a significant source of inflation pressure.Federal Reserve Chair Jerome Powell indicated that a reduction in the benchmark interest rate is possible as soon as September, citing reduced inflationary pressure from the labor market. Powell's remarks represent a notable shift in tone from earlier in the year, when the Fed held rates steady amid persistent inflation concerns. The labor market, which had been a key factor in the Fed's decision to maintain elevated rates, has cooled sufficiently that officials no longer view it as a primary inflation driver. Markets reacted to the comments, though the Fed has consistently emphasized that any decision will be data-dependent and no specific commitment was made. A September cut, if it occurs, would be the first reduction since the current rate cycle began.
Kevin Warsh was sworn in as chairman of the Federal Reserve Board of Governors. The Federal Open Market Committee unanimously selected him as its chair.Kevin Warsh took the oath of office as a member of the Federal Reserve Board of Governors and as chair of the Board. The Federal Open Market Committee, the body that sets US interest rate policy, unanimously selected Warsh as its chairman. Warsh previously served as a Fed governor from 2006 to 2011 and has been a prominent figure in financial policy debates in the years since.
Ebola Outbreak Widens in Congo as US Response Plan Remains Unclear and Vaccine Gaps Persist
An Ebola outbreak driven by the Bundibugyo strain is expanding in the Democratic Republic of Congo. The Trump administration has not announced a plan to allow exposed Americans to return home for treatment, and no approved vaccine exists for this strain. Diagnostic testing capacity in Congo remains severely limited.An outbreak of the Bundibugyo strain of Ebola — a variant that had previously caused only two small outbreaks — is expanding in the Democratic Republic of Congo. The current outbreak is the largest on record for this strain. Former US officials and public health experts are urging the Trump administration to clarify its response, including whether Americans exposed to the virus would be permitted to return to the United States for monitoring and treatment, as established protocols have provided in previous outbreaks. The administration has not publicly confirmed it will follow those procedures, and reports indicate it is considering a quarantine and treatment facility in Kenya for American cases — a plan that experts and CDC workers' union representatives have described as inadequate and inconsistent with standard practice. Compounding the crisis, the DRC has extremely limited access to diagnostic testing, which allows the virus to spread undetected. There is an approved vaccine for the more common Zaire strain of Ebola, but it is not effective against the Bundibugyo strain. Multiple vaccine candidates for Bundibugyo are currently in clinical trials, though timelines for availability remain uncertain. Scientists describe the combination of a novel strain, limited diagnostics, and an unclear international response framework as a significant public health challenge.
Studies Suggest GLP-1 Weight-Loss Drugs May Reduce Cancer Risk by Up to 30%
A series of studies presented at a major oncology conference found that GLP-1 weight-loss drugs may reduce the risk of developing or dying from cancer by up to 30%, adding to growing evidence of benefits beyond weight reduction.Multiple studies presented at a major international oncology conference found that GLP-1 receptor agonist drugs — already widely used to treat obesity — may reduce the risk of developing certain cancers and dying from them by up to 30%. The findings add to a growing body of research suggesting that the drugs' effects extend well beyond weight loss. Researchers noted that the cancer risk reduction appeared across several cancer types, though the studies do not establish that the drugs should be prescribed specifically as a cancer prevention measure. The results are observational and further clinical trials would be needed to confirm the findings and establish mechanism. Millions of Americans currently use GLP-1 drugs, making the potential cancer implications of broad public health significance.