DOJ Drops Powell Probe, Smoothing Path for Warsh to Lead Fed

The Justice Department is ending a controversial investigation into building-renovation cost overruns at the Federal Reserve, potentially clearing a path to confirmation for Kevin Warsh, President Donald Trump’s pick to be the next chair of the central bank.

US Companies Had 815 Classified Data Violations, GAO Finds

The Pentagon agency tasked with protecting classified information released to US federal contractors found more than 800 security violations and more than 1,000 open security vulnerabilities last fiscal year, according to the Government Accountability Office.

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DOJ Drops Powell Probe, Smoothing Warsh Path to Fed

The Justice Department is ending a controversial investigation into building-renovation cost overruns by the Federal Reserve, potentially clearing a path to confirmation for Kevin Warsh, President Donald Trump’s pick to be the next Fed leader. Bloomberg International Economics and Policy Correspondent Mike McKee joins Paul Sweeney and Scarlet Fu on 'Bloomberg Intelligence' to discuss what happens next.

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US Considers Using Defense Production Act for Spirit Bailout

The Trump administration is weighing whether to invoke the Defense Production Act to support a potential bailout of Spirit Aviation Holdings Inc. according to a person familiar with the matter who requested anonymity because the talks are private.

States Focus on Permitting Efficiencies Despite Policy Challenge

States and federal agencies can find common ground working to make the environmental permitting process more predictable, despite challenges states are facing as they deal with the Trump administration’s approach to environmental protection, the heads of two states agencies said Friday.

Bessent Casts Potential New Swap Lines as Boost to Dollar’s Role

Treasury Secretary Scott Bessent talked up the idea of extending currency swap lines to more countries as a way to strengthen “dollar dominance” in a social media post Friday as speculation continues over why rich countries such as the United Arab Emirates would be interested in the arrangement.

DOJ Drops Powell Probe, Smoothing Path for Warsh to Lead Fed

The Justice Department is ending a controversial investigation into building-renovation cost overruns at the Federal Reserve, potentially clearing a path to confirmation for Kevin Warsh, President Donald Trump’s pick to be the next chair of the central bank.

Newsmaker Exclusives

Rahm Emanuel Wants Democrats to Ditch Culture War, Talk Prices

Rahm Emanuel says Democrats ‘lost the American people’ on cultural issues -- but he knows how they can win them back in November.

From the Analysts

Pricey Diesel Hits Businesses, Vexes Policymakers: Explained

High diesel prices resulting from conflict in the Middle East and confusion over a vital trade route could complicate US supply chains all year, and policymakers have few options to blunt the impact on businesses.

BGOV Analysis: Senate ICE, Border Patrol Budget Plan

Senate and House committees would be directed to write legislation to fund immigration enforcement agencies through the end of President Donald Trump’s second term under a Senate budget resolution released April 21.

NASA Health Support Contracts Spike Before Artemis II Launch

NASA spending on astronaut health-care services jumped more than 9,000% before the Artemis II launch in April, though it wasn’t enough to prevent a medical market-wide slip in contracting dollars in the first half of fiscal 2026, according to Bloomberg Government analysis.

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States Focus on Permitting Efficiencies Despite Policy Challenge

States and federal agencies can find common ground working to make the environmental permitting process more predictable, despite challenges states are facing as they deal with the Trump administration’s approach to environmental protection, the heads of two states agencies said Friday.

NYC’s Mamdani Tries Defusing Griffin Blowback to Second-Home Tax

New York City Mayor Zohran Mamdani insisted his push for a new tax on pricey second homes isn’t “motivated by any one individual,” as reporters pressed him on whether he regretted singling out billionaire Ken Griffin’s $238 million Manhattan penthouse in a viral social-media video.