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Kevin A. Hassett had been seen as the front-runner in the Fed race, but his deep ties to the president raised questions about his independence.
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The United States warned Iran on Saturday over its plans to conduct live-fire drills close to U.S. forces in the region, as partners sought to de-escalate rising tensions between the two nations
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The Treasury Secretary Scott Bessent tried to avoid providing President Trump with a clear recommendation to lead the central bank.
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Mr. Warsh is known as a consensus builder, skills he will need if he is to head the Federal Reserve when President Trump is demanding rock-bottom rates.
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Opinion is divided over whether Warsh will align with the US president's views over how the Federal Reserve should be run.
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Iranian protesters are holding out hope for help in their country amid increasing conflict, as President Trump is weighs military action in the region. NBC News' Molly Hunter talks to several of the protesters about the state of Iran and what they hope for.
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Democrats agreed to fund the Department of Homeland Security for two weeks while they negotiate with President Trump on restricting his immigration crackdown.
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President Trump announced he plans to nominate Kevin Warsh to succeed Jerome Powell as chair of the Federal Reserve. Gene Sperling, former director of the National Economic Council, weighs in.
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Trump asked Putin to hold off hitting power facilities in Kyiv and other towns, but the Kremlin says the pause on strikes expires Sunday.
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Pressure was building on Iran on Friday as President Donald Trump weighed a military strike on the Islamic Republic while U.S. allies in the region, including Israel and several Arab nations, urged restraint
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;Resize=(620)) Federal prosecutors can't seek the death penalty against Luigi Mangione in the killing of UnitedHealthcare CEO Brian Thompson, a judge ruled Friday, foiling the Trump administration's bid to see him executed for what it called a "premeditated, cold-blooded assassination that shocked America."
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The move was the third time the Trump administration has tried to expedite arms shipments to Israel by going around the review process for weapons sales.
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Kevin Warsh, a former Fed governor, has emerged as Donald Trump's pick to lead the Federal Reserve. Here's his background, views and why it matters.
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"We did not protect President Trump ... or anybody," Deputy Attorney General Todd Blanche said as he revealed there would be no more release of Epstein files.
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Kevin M. Warsh, whom Mr. Trump tapped to become the next chair of the Federal Reserve, could face fierce resistance if he tries to pursue substantially lower borrowing costs.
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Additional material from the DOJ's files on the late sex offender Jeffrey Epstein is being released to the public today, Deputy Attorney General Todd Blanche says.
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