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Buying a stolen identity can cost less than a fast-food meal, enabling criminals to use AI and internet tutorials to file fraudulent benefit claims from anywhere in the world, a former inspector general warned Congress on Wednesday. Lawmakers are already ramping up scrutiny of fraud in major federal aid programs — including unemployment, Medicaid and … Read more

Former first son Hunter Biden acknowledged he is “completely biased” about the sweeping pardon his father granted him in 2024, renewing attention on former President Joe Biden’s decision to reverse course after publicly ruling out clemency for his son. “I’m completely biased as it relates to what my dad did for me. I fully understand … Read more

President Donald Trump threatened to fire Federal Reserve Bank Chair Jerome Powell if he stays on the board after his leadership term expires next month — but also championed the federal investigation that could sideline his own pick for the job.

David Axelrod, a senior advisor to former president Barack Obama, put out a statement on X quelling rumors that a Thursday meeting between himself and Pope Leo XIV was a precursor to a potential Leo-Obama summit. “To be clear, I was gratified and honored that Pope Leo XIV granted my request for an audience and … Read more

FIRST ON FOX: Financial officers from 12 states are backing a proposed Department of Labor rule that targets healthcare “middlemen” by demanding more transparency, rallying behind the Trump administration’s waste, fraud, and abuse crackdown as well as the goal of lowering healthcare costs. In a letter to the Labor Department obtained by Fox News Digital, … Read more

Former NATO Secretary-General Jens Stoltenberg signaled clear limits on the alliance’s role in the Iran conflict, saying it should not be pulled into supporting U.S. military operations even as President Donald Trump ramps up pressure on European allies — exposing a growing divide over what NATO is meant to do. “NATO is a defensive alliance,” … Read more

House Democrats filed formal articles of impeachment against Secretary of War Pete Hegseth on Wednesday, accusing the Trump Cabinet member of abusing his office and committing war crimes. Rep. Yassamin Ansari, D-Ariz., introduced six articles of impeachment against Hegseth along with 12 other House Democrats. “Pete Hegseth broke his oath to the Constitution, put U.S. troops at … Read more

Six lenders, including Bank of America, Morgan Stanley and JP Morgan report jump in first-quarter earnings Business live – latest updates Big US banks raked in nearly $50bn (£37bn) worth of profits in the first three months of the year, as they benefited from stock market turbulence triggered by the US-Israeli war on Iran. Wall … Read more

US president says he has ‘held back’ on firing the head of the Federal Reserve leading up to end of Powell’s term in May Sign up for the Breaking News US email to get newsletter alerts in your inbox Donald Trump threatened to fire Jerome Powell if he stays on as US Federal Reserve chair … Read more

President Donald Trump’s pick to lead the Federal Reserve is headed to the Senate next week, but Trump is worried that one Senate Republican could doom the confirmation process. Kevin Warsh is scheduled for his confirmation hearing before the Senate Banking Committee after his initial hearing set for this week was canceled. But his odds … Read more