Prosecutor conceded lack of criminal evidence in Federal Reserve investigation, transcript shows
Newsy
The Justice Department's investigation of a $2.5 billion renovation project at the Federal Reserve didn't find any evidence of a crime, a federal prosecutor privately conceded.
The Justice Department's investigation of a $2.5 billion renovation project at the Federal Reserve didn't find any evidence of a crime, a federal prosecutor privately conceded under questioning by a skeptical judge earlier this month, according to a transcript of the sealed hearing.
RELATED STORY | Judge blocks subpoenas tied to investigation of Fed Chair Powell
That admission by Assistant U.S. Attorney Andrew Massucco came during a March 3 hearing that was closed to the public, the transcript shows. Eight days later, Chief Judge James Boasberg quashed government subpoenas issued to the Federal Reserve, dealing a severe blow to the government's investigation.
In his March 11 ruling, Boasberg said the government had produced “essentially zero evidence” to suspect Fed Chair Jerome Powell of a crime. The judge, who was nominated to the bench by Democratic President Barack Obama, also described prosecutors' justification for the subpoenas as “thin and unsubstantiated."
Studio estimates on Sunday say Amazon MGM's “Project Hail Mary” has topped the North American box office charts with $80.5 million in ticket sales — the second biggest ever for a non-franchise film.
U.S. border czar Tom Homan says that he has been tasked with deploying ICE agents to airports as the TSA continues to struggle with staffing shortages due to the ongoing partial government shutdown.
Savannah Guthrie’s family this morning renewed a public plea for information in the disappearance of her mother, Nancy, thanking the Tucson community for support.
In a rare Saturday session, the Senate failed to adopt two amendments to the SAVE America Act, an election reform bill backed by President Trump.
Robert Mueller, the FBI director and special counsel who investigated Russia-Trump campaign ties, dies at 81
The U.S. is sending more warships and marines to the Middle East amid the war with Iran. Three U.S. Navy warships, including the USS Boxer from San Diego.
The Senate passed a bill to end lawmakers’ ability to skip airport security lines, sending the measure to the House for consideration.
Israel vows intensified strikes on Iran as U.S. sends more forces despite talk of drawdown; tensions rise after attacks on Natanz and Diego Garcia.
A new survey shows about 55% of Americans who had ACA marketplace coverage in 2025 said they’re planning to deal with health care costs by cutting spending on food and other basic household needs.
A federal judge agreed Friday to block the Trump administration from enforcing a policy limiting news reporters’ access to the Pentagon, ruling that key portions of the new rules are unlawful.
Taylor Frankie Paul must have no contact with and stay 100 feet away from ex-boyfriend Dakota Mortensen after a protective order was issued against the Utah reality television star Friday.
As the war between the United States and Iran approaches the three-week mark, President Donald Trump and Iran’s new supreme leader are projecting strength.
James “Jimmy” Gracey, a college student from Illinois who was found dead after going missing while in Barcelona on a break, was likely the victim of an accident, Spanish regional police said Friday.