Trump and Fed chairman clash over renovation site cost. And, Gaza peace talks stalled
Summary
President Trump visited the Federal Reserve headquarters and argued with Fed Chairman Jerome Powell about the rising costs of building renovations. Meanwhile, House Republicans held phone meetings about Jeffrey Epstein, and peace talks concerning Gaza stalled due to disagreements about military presence.Key Facts
- President Trump recently toured the Federal Reserve's renovation project and argued over its rising costs.
- The renovation costs increased from $1.9 billion to $2.5 billion, and Trump claims it's now $3.1 billion.
- Trump expressed concern over budget overruns, partly due to steel tariffs, COVID, and making an old building meet modern standards.
- Trump's visit to the Fed is notable, as the last presidential visit was by George W. Bush in 2006.
- House Republicans are conducting phone town halls about Jeffrey Epstein, a high-profile case due to his links with Trump.
- Ceasefire negotiations involving Israel and the U.S. in Qatar about Gaza have been paused.
- The humanitarian situation in Gaza is worsening, with reports of severe shortages leading to dire conditions.
- Over 100 organizations claim the siege of Gaza has caused severe humanitarian issues.
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