Trump goes on Fed field trip as Deputy Attorney General meets with Maxwell.
Yesterday the President decided to tour the Fed's renovation of the Federal Reserve HQ. The tour followed weeks of Powell critics apparently laying the groundwork to oust Powell for cause over the $2.5 billion renovation project. Trump said that the project in fact costs $3.1 billion, not the much cited $2.5 billion. The President walked with the Fed Chairman through the 1930s Marriner S. Eccles Building, both wearing white construction helmets. When Trump openly confronted Powell about the overrun cost, Powell shook his head and said that the higher number includes a third office building across the street that was completed five years ago.
I'm sure Trump through a little scare into Powell when he said:
"I don't want to be personal," Trump said. "We'd just like to see it get finished. And in many ways, it's too bad it started, but it did start, and it's been under construction for a long time, that'll be it's going to be a real long time, because it looks like it's got a long way to go."
The Fed Chairman looked uncomfortable throughout the tour. I believe that Powell has dug in against Trump. The last time Powell lowered interest rates was back in the latter part of the 2024 election at a time when interest rates were in fact much higher. That tells us all we need to know about Powell.
As that little drama played out Deputy Attorney General Todd Blanche paid a little visit to Ghislaine Maxwell. Many believe she knows everything about Epstein's sex activities. Her attorney David Oscar Markus said Maxwell “never declined to answer” and did not invoke any privilege during the meeting. Any information obtained from Maxwell could become vitally important as democrats have made disclosure a political issue. These are the same democrats who refused to release any info on the Epstein case for 4 tumultuous years.
The problem with the case has always been that Epstein was part of the jet set elite and rubbed elbows with hundreds of important people, most of those people had nothing to do with Epstein's sexual enterprise, which is another complicated issue. It seems that Epstein made his fortune as a "financial advisor," though he had no formal training in that field. Thus, it very well may be that those who paid him for financial advice were actually making blackmail payments for recorded sexual encounters with were often very young women. The obstacle to full transparency in the past had been the revelation of the names of those young women who were ensnared in the process. The DOJ recently tried to get a Grand Jury transcript released but the Judge in the case refused. Thus, Bondi dispatched Blanche. We wish him all the luck.
In other news:
The past few months have pushed Gaza to a new level of distress. The World Food Program, part of the United Nations, said this week that the crisis in Gaza had reached “astonishing levels of desperation, with a third of the population not eating for multiple days in a row.”
The Justice Department sued the city of New York over its sanctuary policy.
The Trump administration negotiated the release of a convicted murderer in Venezuela as part of a large prisoner swap. He is now home.
The F.C.C. approved the $8 billion merger between Paramount and Skydance. As part of the deal, the company will install an official to monitor bias at CBS’s news division.
Hulk Hogan whose flamboyance and star power turned professional wrestling into a multibillion-dollar industry, he was 71.
White House officials have already cut deals with Columbia and Penn. The administration hopes that Harvard, Princeton, Brown, Cornell and Northwestern will be next in line.
Gov. Josh Shapiro of Pennsylvania accused Zohan Mamdani of failing to condemn “blatantly antisemitic” remarks by “extremists,” wading into a party-wide debate over the Democratic mayoral nominee and his views on Israel.
Tags
Who is online
102 visitors
Good morning and welcome to the news.
Did Chairman Powell stick his tongue out at a Fox reporter?
I never realized how small Powell was. Well, he is a big man for the left, but his days at the Fed are numbered.
I'd say 34 fraud convictions in the past based on creative math in business accounting practices pretty much says it all ...
It doesn't explain the $4 million cost overrun. It is the people's money. We need to know where the money is going.
... that's also paying for trump's golf trip to visit his courses in the UK.
There is no taxpayer money going to Trump's new golf course in Scotland.
Is that something they said on CNN?
oh really? how is he and his entourage getting there, and where will they be they staying?
The American taxpayers are paying for his trip.
More fraud and abuse by the evil, totally corrupt Trump regime.
most people don't realize how much money it takes to transport a festering and fetid bag of shit like trump from one location of self serving corruption in office to the next. the only official portion of trump's visit would probably be to meet with prince andrew to make sure both of their denials of epstein sponsored pedophilia exploits jived.
Can you imagine how badly Trump is going to gouge the Secret Service to pay for their rooms at his golf club? It's going to be astronimical. He also charges for them to rent golf carts to follow him around when he's golfing. All at the taxpayers' expense. As far as Trump is concerned, being President is about one thing and one thing only: $$$$$$$$ Oh, and staying out of jail, of course.
it's well documented from his last term ...
The main purpose of the trip is a trade deal with the EU, which is facing a hard deadline this weekend. Trump i meeting with European Commission President Ursula von der Leyen on Sunday in Turnberry, Scotland.
AND I believe a trade deal has just been reached.
But yet, the perpetual screeching of "He is damaging international relations" will go on.
They continue to gaslight!
Tariffs related to steel and aluminum?
Guaranteed that when the building is finished, it will be the best Fed RES building ever because of Donald's visit. /S
We'll have to investigate the overrun.
You grew up in America, didn't serve in the military, but every god damned thing from the "Big Dig" to the Manhattan project has had cost over runs. Every military project, every State sponsored highway or DOT project, every aircraft carrier and missile system. hell they can't build a supermarket without some sort of delay; delays = cost over runs.
An investigation just employs more fools on a fools errand.
There are many things I didn't do. I didn't become an alcoholic or sell goldfish nor was I ever lazy. I do regret choosing not to go to college most of all, but what do I have to do with cost overruns?
but every god damned thing from the "Big Dig" to the Manhattan project has had cost over runs. Every military project, every State sponsored highway or DOT project, every aircraft carrier and missile system.
I take it you are saying that government tends to generate cost overruns in everything it does. There is something to that, but the government seems to be getting worse not only in cost overruns but accomplishing projects as well. Just compare the building of the Interstate highway system which cost approximately $114 billion to the high-speed rail project in California with an ever-ballooning budget that spent $11 billion just to construct a 1,600-foot-long section of track. Now it appears the project is DEAD.
I think the President has a responsibility to look into the cost overruns of refurbishing the Treasury buildings.
Why because you heard it somewhere and think it sounds like a smart whataboutism?
The cost of the Interstate Hgwy system in 2023 dollars was 618million; inflation.
comparing roads to trains in siesmic california, laughable, expensive and unpredictable; and it very well could be a boondoggle. Both Alaska and Florida have their bridges to nowhere. Shit happens, the world keeps turning.
The POTUS is now a politician who thinks he was a master of real estate and construction in the past and if he wasn't trying to do Powell's appointed job he'd never look twice at federal building construction.
He and Senator Tim misread or were mislead about the cost when they included a building finished five years ago when the Presidents name was also Trump.
Tempest in a teapot for the MAGA supporters...
Actually, he happens to be a master builder as well as a master politician. Right now, Powell is trying to spite him, though I think Powell's interest rates are not out of line. Over the years I've noticed the formula seems to be the rate of inflation plus 2 points usually equals the Fed's interest rate.
He and Senator Tim misread or were mislead about the cost when they included a building finished five years ago when the Presidents name was also Trump.
They didn't misread the cost overrun. They have a case.
Tempest in a teapot for the MAGA supporters...
You think so. Did you notice what happened today when Powell decided against a rate cut?
Answer: Two Fed Governors dissented, saying they preferred to trim rates. It marks the first time two governors have dissented from a Fed decision since 1993. (Not good for Powell)
Master builder, lol; what Trump has is blind loyalists.
Yep, the two vying for the appointment no doubt, better to start breaking in the kneepads now.
Not a big man for the left, you just see it that way because he body slammed your boy.
[Deleted][✘]
“Looking forward to another productive day tomorrow. Ghislaine honestly answered every question that @DAGToddBlanche asked,” the lawyer wrote in a Thursday evening post on X. “And she will continue to do so. We are grateful that the government is trying to uncover the truth. They have never before spoken with her and we trust the process.”
Top DOJ official says he will continue Maxwell interview on Friday, share information ‘at the appropriate time‘
Trump campaigned on releasing the files....back in may, you're girl Pam Bondi told trump he is on. "the list", suddenly trump doesn't want the files released... Weird huh?
As his favorite Pastor once said: "The chickens have come home to roost."
Now there is talk of whistleblowers.
Fake news story to deflect from the Epstein files. Sad that you bought it. 11 intel agencies confirmed what Obama said about the Russians. It's a dead horse, stop beating it.
like some catholics and evangelicals, time to add maga to the list of groups that shield pedophiles ...
I for one will await the inevitable spin from those who claimed M. Cohen could not be believed and who will now claim that G. Maxwell is.
Unfortunately, the "files" are all stored in Maxwell's head. I'm not optimistic about a deal. I'm sure she was offered deals in the past.
She's had 4 years to 'enjoy' the view and the company and I am guessing those 'joyful' days have put a damper on doing the next 16.
I had an acquaintance that spent half his life in prison. Before going in on his last stint I gave him a copy of Outdoor Life as a gift. He really didn't see the humor in it. I told him that he knew the routine and time goes by fast. He said, "tell me that when you do time." I guess it is supposed to be tough.
Will the 4 years loosen her toung? I don't know.
I did find it interesting that she was teaching etiquette in there.
Oh great, sociopaths with a new tool.
One of their victims called Ghislaine Maxwell "evil". Thats good enough for me.
[✘]
Are you trying to say that 49 out of 50 victims sided with Maxwell ? I dont get your point.
Gov. Josh Shapiro of Pennsylvania accused Zohan Mamdani of failing to condemn “blatantly antisemitic” remarks by “extremists,” wading into a party-wide debate over the Democratic mayoral nominee and his views on Israel.
A dem politician with a spine going against the party line. And I thought Fetterman was the only one.
He may be more than that. I don't think democrats know what they have.
If they can figure it out before the next presidential elections alot of people will be giving him a long look.
He is the best speaker they have. He is authentic too.
He might be the answer to the Democrats lack of leadership as he's a moderate with smart ideas. His current term ends Jan 2027. I had thought that he would out-shine Harris had she chosen him as her VP pick. He might be in play for the 2028 elections. IMO a damn sight better than AOC.
If he is the dems will have an appealing candidate.
I had thought that he would out-shine Harris had she chosen him as her VP pick.
Oh yes, clearly, he would have as would many others. She went a long way to find a boring dunce like Walz.
It will be interesting how the Dems react to him saying things not in line with the party line. They may tear down their best chance to win all by themselves.
lack of leadership as he's a moderate with smart ideas
A male, jewish, moderate has very little chance in a democratic primary. At some point, Democrats are going to have let their voters pick their nominee and someone like Mamdani is much more likely.
Ouch... Not sure which party has the strongest track record of snatching defeat from the jaws of victory. I think it's still the Republicans in the lead but Mamdani does seem to narrow the gap.
Yep. Powell publicly exposed Trump as a liar, when he tried to claim that a building completed five years ago was a source of new cost overruns. I’m not surprised to see MAGA ignore it or try to play it down. It was nice to see someone confront Trump on his bullshit in front of cameras. We need more of that.
Project costs for renovating the Eccles Building and the 1951 Constitution Avenue building have risen from $1.88bn in 2019 to $2.45bn in 2025, according to the Fed board's budget for this year.
But hey, the real problem is Trump didn't get the amount of overrun right, not that the fed can't even build its home for under the allocated 2 billion dollars.
We could save some money if we weren't paying 5 million a week for trump to golf. Just sayin'.
Jealous? Sorry, but I'm quite sure $1M would also be an over-exaggeration.
Got any links for that?
The past few months have pushed Gaza to a new level of distress. The World Food Program, part of the United Nations, said this week that the crisis in Gaza had reached “astonishing levels of desperation, with a third of the population not eating for multiple days in a row.”
Or so they would have us believe.....
Food Is Stockpiled in Gaza and the UN Is Refusing the Group Ready to Deliver It
Townhall again? Wow. Fake news Greg, fake news.
Here is why the TDS sufferers are a joke, we have a group of ignorant fools saying trump lied,
trumps statment on the FED construction costs - Search
Here are his exact words.
Now the original estimate was 1.88 billion we are now at 2.5 billion, if the project complete and are we done? if the project ends up coming in at 3.1 billion how many people will have the integrity to admit they were wrong? i'm guessing that number will be zero.
Trump Devotion Syndrome is a thing, I get ya.
If only we had a deal with Iran that allowed us to inspect whenever we wanted to... Ah, never mind.