Thom Tillis refuses to budge on blocking Fed chair pick Kevin Warsh confirmation
CNBC
Warsh is expected to meet the Republican senator Tuesday.
There is nothing that Federal Reserve chair nominee Kevin Warsh can say to get Sen. Thom Tillis, R-N.C., to end his blockade on Warsh's confirmation, Tillis said Tuesday to reporters at the Capitol.
"This is not about people, it's about process," Tillis said. The Republican senator has said he won't vote for any Fed nominees, including Warsh, until a criminal investigation into Chair Jerome Powell is resolved. Powell has called the investigation a political pretext.
Tillis is expected to meet with Warsh on Tuesday afternoon.
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Federal Reserve Chair Jerome Powell has said he is being investigated ostensibly for comments he made about the pricey renovations of the Fed's headquarters.
The United States government could end up paying $165 billion of more in refunds for Trump's IEEPA tariffs that the Supreme Court ruled were illegal.
Iran's threat to the Strait of Hormuz can't be fixed by releasing oil from strategic petroleum reserves.
The House Oversight Committee has called in Tova Noel, who was working at the time of Jeffrey Epstein's death, for a deposition later this month.
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It comes at a time when the Caribbean island is grappling with a worsening economic crisis.
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The Strait of Hormuz, the world's most critical chokepoint for oil shipments, has been effectively closed since the U.S. and Israel began the war on Iran.
His comments to CNBC come as the U.S. and Israeli-led war appears poised to enter its third week.
The U.S. Central Command said that the loss was "not due to hostile or enemy fire."
The State Department said this week that 36,000 Americans had returned to the U.S. after the start of the war with Iran.