President Donald Trump has looked to the marble finishes and hefty price tag of the Federal Reserve headquarters to claim grounds to fire Chair Jerome Powell, with whom he has tussled for years over i

Federal Reserve Chair Jerome Powell defended his answers in congressional testimony about the central bank’s building renovations in a letter Thursday that responded to questions raised by White House

"Dear Mr. Vought," Powell said in his letter, "both buildings were in need of significant structural repairs and other updates to make the buildings safe, healthy, and effective p

Office of Management and Budget Director Russell Vought said there will likely be additional rescission packages.

The vote marked the first time in decades that a president has successfully submitted such a rescissions request to Congress, and the White House suggested it won’t be the last.

The passage of the rescissions package again showed off Trump’s ability to muscle legislation through the narrow GOP majorities in Congress and pressure holdout Republican lawmakers to get in line. The cuts are set to be the first time a White House has accomplished clawbacks in more than a quarter-century,