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The Latest Breaking News from Thom Tillis

A closer look at state-level voting rights acts

Welcome to the Wednesday, May 20, 2026, Brew.

Ballotpedia

Sixty-eight members of the U.S. Congress have announced they will not seek re-election in 2026

Sixty-eight members of the U.S. Congress — 57 U.S. representatives and 11 U.S. senators — have announced they will not seek re-election in 2026.

Ballotpedia

Powell's tenure as Fed chair marked by fight for independence while trying to tame inflation

When Jerome Powell was sworn in as chair of the Federal Reserve eight years ago, economists worried that inflation and interest rates were too low and that too few Americans had jobs.

The Economic Times

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Senate confirms Trump’s Fed chair nominee Kevin Warsh as Powell’s replacement

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The Independent UK

Trump Fed chair nominee Kevin Warsh is confirmed by Senate as Jerome Powell vows to stay on board

Kevin Warsh stressed that the president did not make him pledge to cut interest rates to secure his nomination to head the Federal Reserve

The Independent UK

‘Screw this, I’m out’: Why members of Congress are retiring

As more lawmakers than usual leave Congress, it begs the question — is this a one-off spike or a larger sign of things to come? Retirement announcements are a feature of any election year, but this goes beyond normal turnover, experts say. Bitterly partisan redistricting pushes around the country have…

Roll Call

Warsh confirmed to lead Federal Reserve

The Senate confirmed Kevin Warsh on Wednesday to become chairman of the Federal Reserve for a four-year term. The 54-45 vote concludes the process two days before Fed Chair Jerome Powell’s term ends. The Senate confirmed Warsh on Tuesday to a 14-year term on the board, effective as of Feb. 1, 2026.…

Roll Call

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US Senate approves Kevin Warsh for Fed Board, chair confirmation next

The Senate has confirmed Kevin Warsh to the Federal Reserve Board of Governors. A vote for his chairmanship is expected soon. This confirmation follows a lifted blockade by Senator Thom Tillis. The move comes as President Trump pushes for lower interest rates. Inflation is currently surging, presenting a challenge for…

The Economic Times

Virginia Democrats ask conservative-majority US supreme court to restore congressional map approved by voters – as it happened

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The Guardian - US

Warsh moves closer to Fed role with Senate cloture vote

The Senate moved a step closer to confirming Kevin Warsh, the nominee for chairman of the Federal Reserve Board, with a procedural vote Monday. The Senate voted 49-44 to invoke cloture on Warsh’s nomination to the Fed board. The chamber will later need to take a distinct vote on his…

Roll Call

Whatever Evidence the DOJ Has Against James Comey, It Cannot Transform '86 47' Into a Death Threat

Acting Attorney General Todd Blanche implausibly claims prosecutors can prove Comey "knowingly and willfully" threatened to murder the president.

Reason

Trump’s revenge tour is just beginning. Here’s who’s next on his list

ANALYSIS: Trump just steamrolled Indiana Republicans who defied him, Eric Garcia writes, and the president is just getting started

The Independent UK

GOP emerges from ‘hell week’ with deep divisions between Senate and House

During the final vote to close out the House’s “hell week,” a handful of Republicans had a message for the Senate: You’re responsible for the “suffering” agenda. Standing on the steps outside the Capitol on Thursday, House Freedom Caucus members loudly aired their grievances with the Senate. Republicans there have…

Roll Call

Senate bans prediction market trading by members, staff

Senators will now be barred from trading on prediction markets, after adopting a resolution by unanimous consent Thursday afternoon. It’s the latest in a flurry of efforts to squash insider trading by government officials as prediction markets grow in popularity. Led by Ohio Republican Sen. Bernie Moreno, the resolution adopted…

Roll Call

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The Independent UK

The House shredded a combative Hegseth on Iran. A worse fate awaits him on Thursday in the Senate

ANALYSIS: Democrats say hearing ‘shows you what a f***ng joke he is.’ But, Eric Garcia writes, the Senate might be tougher for him

International Business Times UK

Pete Hegseth Questioned Why Minesweepers Were Sent to Singapore Weeks Before Iran War

The Pentagon is under scrutiny for positioning US Navy mine-clearing ships far from the Strait of Hormuz before conflict with Iran, raising questions about strategic preparedness.

The Guardian - US

Jerome Powell to stay on Fed board after central bank holds rates steady in defiance of Trump

Chair planned to exit after inquiry into building renovations but will now oversee ‘remaining steps in the process’

Barchart

Stocks Mixed After Divided Fed Holds Rates Steady

The S&P 500 Index ($SPX ) (SPY ) today is down -0.36%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.78%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.09%. June E-mini S&P futures (ESM26 ) are down -0.28%, and June E-mini Nasdaq futures...

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The Guardian - US

Kevin Warsh clears key Senate hurdle to replace Fed chair Powell

A Senate committee advances Trump’s pick as doubts linger over the Fed’s independence and Powell’s future

Barchart

Stocks Pressured as Soaring Crude Prices Raise Inflation Concerns

The S&P 500 Index ($SPX ) (SPY ) today is down -0.19%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.57%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.20%. June E-mini S&P futures (ESM26 ) are down -0.15%, and June E-mini Nasdaq futures...

Barchart

Stocks Fall on AI Jitters and Surging Crude Oil Prices

The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed down -0.49%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.05%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.01%. June E-mini S&P futures (ESM26 ) fell -0.46%, and June E-mini Nasdaq futures...

The Mary Sue

Secretary of War faces Senate grilling over $1.5T budget even as GOP senators quietly await his exit

Secretary of War Pete Hegseth is heading to Capitol Hill this week to defend the Pentagon’s $1.5 trillion budget request, but the real drama might not be the numbers. It’s the growing chorus of GOP senators who are done waiting for him to leave.

Barchart

AI Fears and Surging Crude Oil Prices Weigh on Stocks

The S&P 500 Index ($SPX ) (SPY ) today is down -0.66%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.03%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.30%. June E-mini S&P futures (ESM26 ) are down -0.63%, and June E-mini Nasdaq futures...

International Business Times

Fed Expected To Keep Rates Unchanged Ahead Of Potential Leadership Change

The Federal Reserve is expected to keep interest rates unchanged after its meeting end on Wednesday, according to a new report.

Barchart

Stocks Pressured by AI Fears and Soaring Crude Oil Prices

The S&P 500 Index ($SPX ) (SPY ) today is down -0.38%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.25%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.78%. June E-mini S&P futures (ESM26 ) are down -0.44%, and June E-mini Nasdaq futures...

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