Stories from United States

Mr. A prosecuting attorney stated that the investigation into Kevin Warsh is not over, despite previous announcements suggesting it was dropped. No specific timeline for the full Senate vote was provided in the report. This development follows the committee's formal approval process. The vote distribution followed party lines, with Republicans supporting the candidacy. Bloomberg reported the committee's decision. A Senate committee approved the nomination of Kevin Warsh as the new chair of the United States Federal Reserve. The appointment must now proceed to the full Senate for a majority vote to be confirmed. Powell has been a frequent target of President Trump's criticism regarding interest rate cuts. Lawmakers received their first cost estimates for the war with Iran today. The candidate, Cabin Warsha, received a majority vote from commission members.

Everett-based fusion startup Zap Energy has secured more than $330 million in funding. The company is the first to simultaneously pursue both nuclear fusion and fission technologies. Former Navy engineer Zabr has been appointed to the company.

Intel has responded to the MacBook Neo by releasing a new chip designed for similar devices.

IBM reported that teams using its AI coding partner saw an average of 45 percent productivity gains. These improvements were observed across complex, multi-step workflows.

Disruptions to global oil flow through the Strait of Hormuz are adding $300 million per day to United States fuel costs. The average fuel price in the Puget Sound area has reached $5.74 per gallon. Experts attribute these rising costs to the ongoing conflict in the Middle East.

The United States Senate is scheduled to vote today on President Trump's nominee to lead the Federal Reserve. The nominee's previous selection is expected to hold a final meeting in charge before the transition. Senator Elizabeth Warren expressed concerns regarding potential presidential pressure on the Federal Reserve during the process. Thirteen Republicans supported President Trump's nominee, Bondid, in a recent Senate vote. Eleven Democrats voted against the nominee. The decision has been passed to the full Senate for final approval, which must occur before May 15, 2026. This deadline coincides with the expiration of current Federal Reserve Chair Jerome Powell's term. The nominee previously worked at Morgan Stanley from 1995 to 2002 and served as an economic advisor to George W. The nominee also served on the Federal Reserve Board of Governors during the 2008 financial crisis.

Defense Secretary Heg Seth arrived on Capitol Hill to face questioning regarding the Iran conflict. The mission aims to convince lawmakers to vote for this budget allocation. The testimony is occurring in Washington D.C. The testimony highlighted that extended deployments and equipment issues like plumbing and fires are hitting readiness significantly. The source noted the USS Ford will not be sent to the Indo-Pacific to fill gaps. A committee member noted that the USS Gerald R. Ford's readiness is being impacted by fires, plumbing problems, and extended deployments. The carrier is not currently deploying to the Indo-Pacific to address regional gaps. Secretary of Defense is expected to testify before the House Armed Services Committee in Washington D.C. regarding the war in the Middle East.

$300 million in new resort investment is being directed toward Scottsdale to fuel a surge in local tourism.

A company announced a $100 million investment to establish a new Southeast campus in Nashville, Tennessee. The expansion is expected to create approximately 2,000 jobs over the next five years.

Former Attorney General Pam Bondi will appear before the House Oversight and Government Reform Committee on May 29. The Metropolitan Police previously announced in March that three women and one man were interviewed under caution for offenses including human trafficking for sexual exploitation and facilitating rape. Additionally, Harris noted that more than 70 civil claims have been settled so far. Democratic Congressman Robert Garcia has introduced a resolution to hold Bondi in civil contempt for failing to comply with a subpoena. The deposition follows the House's ongoing investigation into the matter. This development follows discussions regarding the Rights Act of 1965. Democratic Representative Garcia, the ranking member of the committee, is demanding that Pam Bondi adhere to a legal subpoena to testify under oath before the Oversight Committee.