Appeals court blocks construction of White House ballroom

(PLAINFIELD TOWNSHIP, Mich.) — A man is dead and a woman was critically injured after a home exploded in Plainfield Township, Michigan, on Tuesday, according to the sheriff’s office.

The home was completely destroyed with debris on fire when deputies and fire personnel responded to the scene after nearly 50 calls reported an explosion and house fire around 4 a.m., according to the Kent County Sheriff’s Office.

“The fire was intentionally set, we believe, by the husband at this point, intending to be a murder-suicide at the residence,” Kent County Undersheriff Bryan Muir told reporters.

Officials have not released the names of the man and woman in the explosion, but said they believe “the husband” set the fire, Muir said. The woman was associated with the address, according to authorities.

Two neighbors — a teenager who lived next door and another man who lived nearby — pulled the injured woman from the home after the explosion, according to the sheriff’s office. She was treated on the scene and taken to the hospital in critical condition, the sheriff’s office said.

“We are very proud of them for stepping up and helping someone in need during an extremely dangerous situation,” the sheriff’s office said in a statement.

“Without their actions, it is likely she would have perished in the fire. She has some significant medical-related issues right now and we are hoping for a recovery,” Muir said.

Hours later, a dead man, believed to be the person registered to the address, was found at the scene, the sheriff’s office said.

The cause of the fire has not yet been determined, but investigators preliminarily believe a source of natural gas was released in the basement and used to start the fire, Alpine Township Fire Chief Jeremy Kelly said.

Investigators believe the explosion was a “domestic-related situation at the home,” Muir told reporters.

There are no concerns of any gas leaks or other home explosions in the area, Muir said.

“We want to relay to the family affected by this our deepest sorrows for having to deal with a situation so tragic,” Muir said. 

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(NEW YORK) — Attorneys for the U.S. Army special forces soldier who was charged with using classified information about the capture of Venezuelan President Nicolas Maduro to make more than $400,000 on the prediction market Polymarket are returning to a Manhattan courtroom Monday. 

Master Sgt. Gannon Ken Van Dyke pleaded not guilty in April after prosecutors alleged he used inside information to place 13 bets on the outcome of the Maduro raid then attempted to destroy evidence of the trades after he pocketed more than $400,000. 

U.S. District Judge Margaret Garnett scheduled the status conference to follow up on pre-trial issues, including the turning over of evidence that began last month. 

During Van Dyke’s arraignment in April, his defense attorney said he expected few factual disputes over the allegations in the case and believed that the prosecution would “largely rise and fall” on pre-trial motions. 

Van Dyke, an experienced special forces soldier, was released on a $250,000 personal recognizance bond. According to his attorney Zach Intrater, he is currently on leave from the Army. 

As allegations of insider trading prompt public scrutiny of sites like Polymarket and Kalshi, the Van Dyke prosecution is believed to be the first case of insider trading on a prediction market.

Prosecutors in New York last month also charged a Google employee with using confidential company information to make more than $1.2 million on Polymarket. 

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(NEW YORK) — The Federal Reserve is weathering a political “stress test” that threatens to undermine public trust in the central bank and damage the United States economy, former Fed Chair Jerome Powell said in recent remarks.

“Like many other institutions, the Fed has been undergoing a stress test,” Powell told an audience at the John F. Kennedy Library Foundation in Boston on Sunday, adding that “Congress wisely chose to insulate monetary policy decisions from political pressure. All other advanced-economy nations have done the same.”

The remarks amounted to a spirited defense of Fed independence, coming just weeks after Powell stepped down from his role as head of the central bank. Powell remains on the Federal Reserve’s 12-person board of governors.

At the outset of this year, the Department of Justice opened a criminal investigation into Powell centered on his testimony to Congress about the cost overruns in a building renovation. It was the first criminal probe of a Fed chair in the central bank’s 113-year history.

Powell denied any wrongdoing and condemned the investigation as an effort to influence Fed policy. President Donald Trump, who has repeatedly criticized Powell’s approach to interest-rate policy, denied any involvement in the criminal investigation.

The Supreme Court, meanwhile, is set to issue a decision in the coming weeks in a high-stakes legal fight focused on Trump’s attempted ouster of Fed Governor Lisa Cook over alleged mortgage fraud.

Federal law allows the president to remove a member of the Fed board “for cause,” but little precedent exists for such a removal. Cook rejected the charges as baseless, calling them politically motivated.

In his recent remarks, Powell defended legal protections for Fed officials as critical safeguards for the nation’s economy.

“If any administration finds a way to remove Fed officials over policy differences, then future administrations will do so as well. The public would lose faith that the central bank will make decisions based on only what’s best for all Americans. The Fed’s credibility would be lost,” Powell said.

“That credibility enables the Fed to support a strong and stable economy for the benefit of American families and businesses,” Powell added.

The warning comes as the Fed weathers a renewed bout of inflation set off by a historic oil shock amid the Iran war. The conditions offer an initial test for Fed Chair Kevin Warsh, who took the helm of the central bank last month.

If the Fed were to lose its independence, central bankers beholden to political leaders may favor lower interest rates as a means of boosting short-term economic activity and galvanizing public support, some analysts previously told ABC News. But, they added, that posture poses a major risk in the possibility of years-long inflation fueled by a rise in consumer demand, untethered by interest rates.

A burst of high inflation in the 1970s and 1980s offers a cautionary tale.

Before inflation took hold, President Richard Nixon had urged then-Fed Chair Arthur Burns to cut rates in the run-up to the 1972 presidential election. Nixon’s advocacy is widely viewed as contributing to lower-than-necessary interest rates that allowed inflation to get out of control.

Nearly a decade later, in 1981, the Fed raised interest rates as high as 20% in order to bring inflation under control. While the move succeeded in cooling off price hikes, it plunged the U.S. into a recession and sent the unemployment rate to 10%.

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