News chronological

Showing 10 items before 1163485

Filters Applied:

  • Channel B

NYTIMES (Colby Smith) - Fed’s Watchdog Finds No Misconduct or Illegal Activity in Costly Renovations

A new report by the Federal Reserve’s independent inspector general concluded that a nearly $2.5 billion construction project was poorly managed but made no referrals to the U.S. attorney general.

NYTIMES (Michael D. Shear) - UK Believes Iran Played a Part in RAF Fairford Air Base Incident, Burnham Says

The British prime minister, Andy Burnham, said there were “strong indications” Iran played a part in the events at R.A.F. Fairford on Sunday, without providing details why.

NYTIMES (Alan Blinder) - Chi Phi Fraternity Says It Acted Quickly to Expel Cornell Members

The national organization of the Chi Phi fraternity at the center of a Cornell University sexual assault lawsuit explained publicly for the first time how it handled the episode.

YOUTUBE (CNN) - DOJ files complaint against Minnesota federal judges

Attorney General Todd Blanche alleged that Minnesota federal judges quoted in the media criticizing Justice Department conduct are biased against the DOJ and are politicizing the legal system. He said he is filing an ethics complaint against them.

YOUTUBE (CNN) - Cornell rape investigation: DA, defense attorney, legal expert weigh in

Reports of comments made by Jane Doe to Cornell University police in 2024 when she first went to school officials with allegations she was gang raped are raising new questions about what law enforcement knew at the time. Doe told police she was okay with an initial encounter, but that later in the night she did not consent and believed she was raped. She also described being physically hit. The revelations raise new questions as to why law enforcement did not file criminal charges at the time of the incident and what the district attorney’s office was aware of regarding the assault allegations, as calls grow for answers in light of Doe’s civil lawsuit filed this month. In a statement to CNN, Tompkins County District Attorney Matthew…

YOUTUBE (CNN) - Six Flags shuts down X2 roller coaster after CNN uncovers injuries

Six Flags Magic Mountain in Southern California announced it is permanently closing the X2 roller coaster after a CNN investigation exposed a history of head injuries, hospitalizations and even deaths linked to the ride. Kyung Lah reports.

YOUTUBE (CNN) - Aviation experts react to hijack attempt on Israel-bound flight

A pilot on the Israel-bound Flydubai flight diverted to Saudi Arabia stabbed the other pilot and appears to have tried to crash the plane, Israeli Prime Minister Benjamin Netanyahu said. He said passengers and crew subdued the assailant, who has been arrested. CNN's Pamela Brown discusses the harrowing incident with CNN national security analyst Alex Plitsas and CNN aviation analyst Miles O'Brien. Also, former DHS official Juliette Kayyem says the incident is an example of the biggest vulnerability in airline safety and CNN transportation analyst Mary Schiavo thinks changes need to be made in security checks for pilots. 0:00 Passengers react to their flight landing in Saudi Arabia after an apparent hijacking attempt 2:01 Security analyst…

YOUTUBE (CNN) - Supreme Court allows Trump to restart controversial third-country deportations

The Supreme Court on Tuesday let the Trump administration resume deporting migrants to countries they've never been to, the third time it's allowed the policy since last year. About 25,000 people have already been removed.

AXIOS (Courtenay Brown) - Fed watchdog clears former chair Powell in renovation probe

A Federal Reserve watchdog found no criminal wrongdoing by former chair Jerome Powell in its investigation of the central bank's expensive headquarters renovation, according to a report released on Wednesday. Why it matters: The findings effectively clear Powell after the Justice Department opened an unprecedented criminal investigation into then-Fed chair, which became public in January. What they're saying: "At no point during our evaluation did we find reasonable grounds to believe that a violation of federal criminal law had occurred requiring a referral to the U.S. Attorney General," the Office of Inspector General wrote in the report. - The watchdog added that it "did not identify administrative misconduct during our evaluation."…

How did the Federal Reserve management perform regarding the oversight of the headquarters renovation project?
The watchdog faulted Fed management and oversight, stating that the Fed did not take numerous available actions that could have better controlled costs and mitigated the significant increases in construction expenses.
Q&A ID 2415e977-2005-4162-a0b7-ae6a2301f99b
Why did Jerome Powell remain on the Federal Reserve board after his term as chair ended in May?
Jerome Powell remained on the Fed's board after his chairmanship ended in May as an unusual move intended to see the investigation into the renovation costs through to its conclusion.
Q&A ID 2e902fea-0b8d-4dbc-b60d-03ac030c3ff9
What was the focus of the Justice Department's investigation into Jerome Powell?
The Justice Department's investigation centered on Jerome Powell's June 2025 testimony to Congress regarding the renovation project and its rising costs.
Q&A ID 4056f0be-9645-47a7-8625-6f2e545b41e8
What specific evidence did the watchdog provide to show that inflation was not the sole cause of the soaring renovation costs?
The report noted that two major mechanical, electrical, and plumbing contracts more than tripled, increasing from an original estimate of $178 million to $539 million, which far outpaced the broader rise in construction costs.
Q&A ID 3d0361d0-c82c-4e04-bc6b-b98b4d9c2ad0
How much did the construction costs for the Federal Reserve headquarters renovation increase, and what was the final amount?
Construction costs for the project more than doubled, reaching a total of $2.5 billion.
Q&A ID 2a05dc87-a97e-421f-9cad-696071c7b1f0
What were the findings of the Federal Reserve watchdog regarding former chair Jerome Powell and the headquarters renovation investigation?
The Office of Inspector General found no criminal wrongdoing and did not identify any administrative misconduct by former chair Jerome Powell during its evaluation of the central bank's expensive headquarters renovation.
Q&A ID 72167f88-936a-4bbd-80b0-fc9a26dda522