Latest News from United States
President Trump Approves Major Disaster Declaration for Tennessee After Winter Storm
President Trump approved a major disaster declaration for Tennessee following an intense winter storm, enabling federal aid for recovery efforts. This decision supports local communities impacted by severe weather conditions across the state.
The approval highlights ongoing federal response to natural disasters in the US.
Federal Reserve Finalizes 2026 Bank Stress Test Scenarios
The Federal Reserve finalized scenarios for the 2026 stress tests, similar to those proposed in October, and maintained current stress capital buffer requirements until 2027. The decision follows public feedback and legal challenges for greater transparency in the process.
Banks will use these scenarios to assess resilience under adverse economic conditions.
Sen. Thom Tillis Blocks Federal Reserve Nominations Amid Powell Investigation
Sen. Thom Tillis (R-NC) vows to block Fed Board nominations until the DOJ resolves its investigation into Chair Jerome Powell's testimony on building renovations. A presidential pardon would not sway Tillis, potentially delaying Kevin Warsh's confirmation as next chair.
Sen. Tim Scott criticized Powell's performance but does not see it as criminal.
President Trump Expands Nationwide Fraud Investigations from Minnesota
President Trump is focusing on fraud in Minnesota with plans to expand efforts nationwide, including probes into states like California. California Governor Gavin Newsom claims he's already addressing fraud, while blaming Trump for IRS staffing cuts that could increase tax fraud.
The initiative targets widespread voter and other fraud allegations.
White House Executive Order Imposes New Duties on Imports Linked to Iran
President Trump signed an Executive Order on February 6, 2026, imposing additional ad valorem duties on imports from countries acquiring goods or services from Iran, effective February 7. The order addresses ongoing threats from Iran's government to US national security, building on prior sanctions like EO 12957.
It aims to apply financial pressure for a comprehensive solution to Iran's threats.
Bipartisan SCAM Act Introduced to Combat Malvertising and Bank Scams
Senators Bernie Moreno (R-OH) and Ruben Gallego (D-AZ) introduced the Safeguarding Consumers from Advertising Misconduct Act to tackle malvertising and bank impersonation scams. The Bank Policy Institute supports the legislation as part of broader fraud prevention efforts.
It represents key legislative action against rising consumer fraud.
Affidavit Reveals Stabbing Suspected in Murder of Ex-NFL Star's Girlfriend
An affidavit details a stabbing as the suspected cause in the murder of an ex-NFL star's girlfriend inside an Ooltewah, Tennessee home. Authorities are investigating the incident, which has shocked the local community.
This case underscores ongoing violent crime issues in residential areas.
Cherokee County Sheriff Steps Down Amid Negligence Claims in Murder Cases
The Cherokee County sheriff resigned on Friday amid allegations of negligence in handling two murder cases. The departure follows scrutiny over investigative lapses in these high-profile incidents.
Local authorities are now addressing leadership transitions during ongoing probes.
Chickamauga City Council Schedules New Hearing for Mayor Removal
The Chickamauga city council set a new public hearing date for the potential removal of Mayor Deck. This follows prior discussions on leadership accountability in the Georgia community.
Residents await the outcome of the hearing on municipal governance.
White House Hosts Crypto Market Structure Meeting with Banks
Bank trades including BPI met with the White House on crypto market structure legislation, emphasizing support for local lending and financial safety. The joint statement thanks the administration for recognizing banking perspectives.
Discussions aim to balance innovation with economic growth and soundness.
Border Czar Announces Drawdown of Federal Agents in Minneapolis
Border Tom Hman announced an immediate major drawdown of federal agents in Minneapolis. The move is part of shifting federal resource allocation amid border security priorities.
Local impacts on enforcement operations remain under review.
DOJ Seeks Death Penalty for Man Accused of Shooting Two National Guard Members in DC
Prosecutors are seeking the death penalty for the man accused of shooting two National Guard members in Washington, DC. The case involves a high-stakes legal battle over capital punishment.
It highlights security concerns around military personnel in the capital.