Regulators reject Wall Street's calls to extend Covid relief for big banks
CNN
Federal regulators said Friday they won't extend a Covid relief provision granted to big banks, dashing Wall Street's hopes for an extension.
Last spring, when the economy and markets were in chaos, the Federal Reserve handed a sort of "get out of jail free" card to America's big banks: It loosened leverage rules that JPMorgan Chase (JPM), Bank of America (BAC) and other large lenders must abide by. But on Friday, US regulators said they would allow the leverage exemption to expire at the end of the month, explaining that the "temporary change was made to provide flexibility" to banks — allowing them to keep providing credit to families and businesses during the pandemic.
President Donald Trump has been threatening to invoke the Insurrection Act for a very long time. Dating back to his first term, he has repeatedly floated the rarely invoked law, which gives a president extraordinary powers to dispatch the military to put down domestic unrest.
Haitian security forces on Wednesday bombed three houses belonging to top gang leader Jimmy “Barbecue” Cherizier, local outlet Gazette Haiti reported on Wednesday, after unverified footage showed a large explosion in the capital Port-au-Prince.
Depending on how the department chooses to implement the change, costs could range from $10 million to $125 million, the CBO said in a letter to two Democratic senators.
Tensions flare in Minneapolis after federal agent shoots and injures man who allegedly assaulted him
Law enforcement and demonstrators clashed last night near where a federal agent shot and injured a man after he allegedly assaulted the agent. The city is reeling over last week’s fatal shooting by an ICE agent of Renee Good sparked nationwide protests. Follow for live news updates.
President Donald Trump seems to be running out of ways to assure everyone that he’s dead-serious about taking over Greenland.
Three-quarters of Americans say they oppose the US attempting to take control of Greenland, according to a new CNN poll conducted by SSRS, indicating that President Donald Trump’s push to expand America’s territory faces stiff headwinds with the public.
As millions of Venezuelans wait to see what will become of their economically and politically ravaged country, a battle has emerged between two female leaders for control over the nation’s future – and for the American president’s favor.
The Trump administration is preparing to use private military contractors to protect oil and energy assets in Venezuela rather than deploying US troops, according to two sources familiar with the plans, setting up a potential boon for security firms with experience in the region and ties to the administration.
Senate Republicans blocked an effort to curb the Trump administration’s military action in Venezuela, a victory for the president who was incensed that some Republicans tried to tie his hands on a key foreign policy.
A federal three-judge panel on Wednesday allowed California to use a new voter-approved US House map that is designed to boost Democrats in the 2026 midterms.
Maria Corina Machado, the Venezuelan opposition leader and 2025 Nobel Peace Prize winner, arrives in Washington this week for high-stakes talks with US President Donald Trump on the future of Venezuela following the ouster of Nicolás Maduro. The meeting comes after Trump surprised many by allowing Maduro’s vice president, Delcy Rodríguez, to assume control, dashing opposition hopes for a new democratic era.
A judge decided not to issue a temporary restraining order after Minnesota and the Twin Cities sued federal officials, claiming their immigration enforcement operation involves warrantless arrests and excessive force.
After an Immigration and Customs Enforcement (ICE) agent shot and killed Renee Nicole Good in Minneapolis one week ago, reactions on social media and among politicians and political influencers rapidly polarized.