Business

Trump’s Federal Reserve chair nominee Kevin Warsh to testify before Congress amid Powell probe

Kevin Warsh, former governor of the US Federal Reserve, during the International Monetary Fund (IMF) and World Bank Spring meetings on Friday, April 25, 2025. (Tierney L. Cross/Bloomberg via Getty Images)

(WASHINGTON) — President Donald Trump’s selection to chair the Federal Reserve, Kevin Warsh, will testify in a Senate confirmation hearing on Tuesday as his nomination faces bipartisan opposition centered on a federal criminal investigation into the central bank’s current leader.

The probe into Fed Chair Jerome Powell, which focuses on alleged false testimony to Congress about an office renovation, threatens to derail or delay Warsh’s nomination.

Powell, who was appointed by Trump in 2017, has rebuked the probe as a politically motivated effort to influence interest-rate policy.

Warsh, a former Fed official, will likely face scrutiny from some lawmakers eager for assurance that he will set interest rates based on economic conditions, even if it puts him out of step with Trump’s preference for low interest rates.

Sen. Thom Tillis, R-N.C., a potentially decisive vote on the committee, says he will not move to advance the nomination until the Department of Justice resolves its unprecedented investigation into Fed Chair Jerome Powell.

Powell’s term as Fed chair ends on May 15, but he said last month he would stay in the position until Warsh is confirmed. For his part, Trump told Fox Business last week he would fire Powell if the current Fed chair attempts to remain in office past the end of his term.

Sen. Elizabeth Warren, D-Mass., the top Democrat on the committee, voiced concern in a statement last week about what she considers Warsh’s perceived lack of independence, saying he may end up being “Donald Trump’s sock puppet.”

By contrast, Sen. Tim Scott, R-S.C., the chairman of the Senate Banking Committee, has dismissed such worries in a post on X last week.

Under Warsh, Scott said, the Fed will “be focused solely on strengthening the American economy.”

Warsh, who previously worked on Wall Street and in the George W. Bush administration, brings experience in finance and policymaking.

He is currently a fellow at a conservative think tank called the Hoover Institution, which is based at Stanford University. He also works as a partner at the Duquesne Family Office, an investment firm founded by billionaire and former hedge fund manager Stanley Druckenmiller.

In 2006, Bush appointed Warsh to serve on the Fed’s Board of Governors, a top policymaking body that helps set the level of interest rates, where he served until 2011. His tenure overlapped with the 2008 financial crisis, during which he helped manage the central bank’s response under then-Chair Ben Bernanke.

The nomination of Warsh arrives at a delicate moment for the Fed, as it grapples with a challenging combination of elevated inflation and sluggish hiring. An interest-rate hike could help ease inflation but risks a further cooldown of the labor market, while a rate cut may boost hiring but threatens higher inflation.

During his term as a Fed governor in the late 2000s and early 2010s, Warsh gained a reputation as an interest-rate “hawk,” meaning he generally preferred higher interest rates as a means of ensuring low and stable inflation.

In recent months, however, Warsh has voiced support for lower interest rates, rebuking the Fed’s concern about inflation risk posed by a flurry of new tariffs issued last year.

Those remarks came before the U.S.-Israeli war with Iran, however, which sent inflation soaring last month.

The rapid acceleration of price increases could complicate interest rate policy at the Fed, which may be reluctant to lower borrowing costs as inflation climbs.

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Politics

In Virginia redistricting election, 4 House seats at stake as voters go to the polls

Former Virginia Gov. Glenn Youngkin (left) and former Virginia Attorney General Jason Miyares (right) campaign in Leesburg, VA on Monday, April 20, 2026. (ABC News)

(RICHMOND, Va.) — Voters in Virginia head to the polls Tuesday to vote on a redistricting ballot measure referendum that could have major implications for the midterm elections.

The referendum will decide if the Democratic-controlled legislature should be allowed to redraw the state’s congressional map. That would allow the legislature to implement a map that would reconfigure four congressional seats to favor Democrats, which could have major implications for control of the U.S. House after November’s midterm election.

Democrats have said they need the measure in Virginia to pass in order to continue to counter previous mid-decade redistricting that benefited Republicans in Texas and other states. But Republicans have called it a power grab in a state that is relatively split even politically, and say it sidelines a redistricting commission voters previously approved. 

Surrogates for both sides of the measure have been campaigning in full force ahead of election day, and President Donald Trump weighed in on Monday night in a rally held by telephone.

“This referendum is a blatant partisan power grab… if it passes, Virginia Democrats will eliminate four out of five congressional seats [held by Republicans in Virginia], so you’re going to get just wiped out in terms of representation in Washington,” Trump said on Monday.

But House Minority Leader Hakeem Jeffries, D-N.Y., a strong proponent of the measure, said earlier Monday that the redistricting was because of Trump, who encouraged Texas and other states to redistrict in 2025.

“We believe that it’s the voters of Virginia and the people of this country who should decide which party is in the majority… not Donald Trump and his extreme MAGA sycophants in state legislative bodies across the country who were ordered by Donald Trump to gerrymander the national congressional map as part of the effort to rig the midterm elections,” he told reporters on Monday.

During mid-decade redistricting in 2025, nine seats were redrawn to benefit Republicans, while six seats were redrawn to benefit Democrats. If Democrats add four seats to their count, then Democrats might only net one new seat if all seats flip as expected in November. But Florida is also set to consider mid-decade redistricting, which is expected to help Republicans bolster their count.

In the Virginia election, the Democratic-supported side of the measure far outfundraised and outspent the main group supporting a “no” vote, according to campaign finance filings, although both sides raised and spent millions. As of April 10, Virginians for Fair Elections, the flagship organization campaigning in favor of redistricting, has raised over $64 million, while Virginians for Fair Maps Referendum Committee, the largest organization campaigning against redistricting, has raised under $20 million.

While Democrats framed many of their arguments in favor of the redraw as meant to counter Trump, the president himself did not campaign for the “no” side in person and did not engage much with the election until the day before Election Day. 

Former Virginia Gov. Glenn Youngkin, asked by ABC News outside of an anti-redistricting campaign event in Leesburg, Virginia, on Monday if he thinks Trump or national Republicans should have gotten more involved with the race, downplayed the need for that, saying that the opposition to redistricting could go across party lines.

“I think what we’ve seen is that, first of all, it’s been a grassroots effort across the Commonwealth,” Youngkin told ABC News. “There are so many [vote] ‘no’ signs around the Commonwealth… and at the heart of it, that’s Virginians standing up, not just Republicans.”

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Sports

Scoreboard roundup — 4/20/26

(NEW YORK) — Here are the scores from Monday’s sports events:

NATIONAL BASKETBALL ASSOCIATION
Raptors 105, Cavaliers 115
Hawks 107, Knicks 106
Timberwolves 119, Nuggets 114

NATIONAL HOCKEY LEAGUE
Flyers 3, Penguins 0
Senators 2, Hurricanes 3
Wild 2, Stars 4
Ducks 3, Oilers 4

MAJOR LEAGUE BASEBALL
Tigers 6, Red Sox 8
Astros 9, Guardians 2
Reds 6, Rays 1
Cardinals 3, Marlins 5
Braves 9, Nationals 4
Orioles 7, Royals 5
Phillies 1, Cubs 5
Dodgers 12, Rockies 3
Blue Jays 5, Angels 2
Athletics 6, Mariners 4

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Entertainment

Josh Hutcherson on hate from Taylor Swift fans: ‘I don’t need that energy’

Josh Hutcherson attends HBO’s ‘I Love LA’ FYC Panel at Pacific Design Center on April 19, 2026, in West Hollywood, California. (Leon Bennett/Getty Images for HBO)

Josh Hutcherson is opening up about the Taylor Swift fans who went after him on social media.

Back in December 2025, Hutcherson appeared in an I-D interview with his I Love LA costar Jordan Firstman, in which he said, “I’m not a Swiftie. Very much not. No shade, all respect, but definitely not.”

Firstman then said, “A little tiny shade. She can handle a little bit of shade.”

Fans of Swift took to Hutcherson’s social media after the interview was released, with many of them pointing out that the actor attended The Eras Tour. In an interview with British GQ published on Monday, Hutcherson spoke about the response from Swift’s fans.

“I got some heat because I did a photo shoot with Jordan, and Jordan asked me something about being a [Taylor Swift fan], and I was like, ‘Oh no, I’m definitely not a Swiftie,'” Hutcherson said. “All of a sudden it garnered this, ‘F*** him! He’s a monster! Destroy him! He’s short! He hates her because he’s short!’”

Hutcherson, who is 5 feet, 5 inches tall, said the whole ordeal made him want a more private lifestyle.

“I think [Taylor] is great. Her music is not my kind of music,” Hutcherson said. “That is why I don’t want to be online … I don’t need that energy.”

The actor admitted his current overexposure has made him anxious.

“Being thrust out again in the world and online in such a big way, doing a bunch of press and being on TikTok, all those things made me feel very exposed. I started to get a lot of anxiety about it,” Hutcherson said, noting he has still has insecurities. “[They] haven’t gone away. I think I’ve learned how to cope and accept that these are my genetics. This is what I have.”

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National

Apple CEO Tim Cook is stepping down, John Ternus set to replace him

(NEW YORK) — Apple CEO Tim Cook is stepping down, with the company announcing on Monday that John Ternus will take his place as the head of the technology giant.

Cook will become the executive chairman of Apple’s board of directors, the company said. Ternus will officially become CEO on Sept. 1.

It has been the greatest privilege of my life to be the CEO of Apple and to have been trusted to lead such an extraordinary company,” Cook said in a statement on Monday.

“John Ternus has the mind of an engineer, the soul of an innovator, and the heart to lead with integrity and with honor. He is a visionary whose contributions to Apple over 25 years are already too numerous to count, and he is without question the right person to lead Apple into the future,” Cook added.

Cook has served as Apple’s CEO since ⁠2011.

This is a developing story. Please check back for updates.

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World news

7.4 magnitude earthquake strikes off Japanese coast, USGS says

Table indicating the escape route in the case of tsunamis. (Getty stock photo)

(TOKYO) —  A 7.4 magnitude earthquake struck on Monday off Japan’s northeastern coast, the U.S. Geological Survey said, prompting authorities to issue tsunami warnings and advisories along parts of the coast that were later downgraded to advisories and then cancelled.

“Based on the preliminary earthquake parameters, hazardous tsunami waves are possible for coasts located within 300 km of the earthquake epicenter,” USGS said after the quake was detected.

The Japan Meteorological Agency initially said tsunami warnings were in place for some of the coast along the Pacific, along with lesser advisories and forecasts farther away from the quake’s center.

“Residents in areas where tsunami warnings have been issued should immediately evacuate to higher ground or evacuation buildings and other higher, safer locations,” Prime Minister Sanae Takaichi said.

The tsunami waves that were expected to have been the highest struck the coast within hours, with the largest one registering about 80 cm, or about 2.5 feet, but officials said they had not ruled out further waves. Official warnings were still in place, although the U.S. weather officials said in an update that, based on available data, “the tsunami threat from this earthquake has now passed.”

Preliminary U.S. data pinpointed the quake about 100 km, or about 62 miles, off the eastern coast of Miyako, USGS said. Light rumbling could be felt as far away as Tokyo. A 5.6 magnitude earthquake struck nearby about 40 minutes afterward, according to USGS data.

The Japanese agency held a press conference on Monday, during which it identified the quake as having been a 7.5 magnitude one. The depth was 10 km, or about 6.2 miles. It occurred at 4:53 p.m. local time, the agency said.

A tsunami warning was issued under twenty seconds after the initial earthquake, an official said. Officials warned people to stay on the alert for about week, as an equal or lesser than quake may occur. The risk was especially elevated for the next two or three days, officials said.

The U.S. Tsunami Warning System said a “destructive” Pacific-wide tsunami was not expected “and there is no threat to Hawaii.”

ABC News’ Joe Simonetti and Victoria Beaule contributed to this report.

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Business

Stocks close lower and oil prices rise as US-Iran ceasefire uncertain before deadline

Stock Market Wall Street (Matteo Colombo/Getty Images)

(NEW YORK) — Stocks closed slightly lower and oil prices rose on Monday as tensions mounted in the Strait of Hormuz, putting pressure on the ceasefire between the U.S and Iran a day before it’s set to expire.

The Dow Jones Industrial Average ticked down 4 points, or 0.01%, while the S&P 500 dipped 0.2%. The tech-heavy Nasdaq declined 0.2%.

U.S. Marines seized an Iran-flagged container ship in the Gulf of Oman on Sunday, according to CENTOM, just a day after two Indian ships came under fire in the Strait of Hormuz.

A potential second round of peace talks between the U.S. and Iran remained in doubt on Monday. Iranian Foreign Ministry spokesperson Esmaeil Baghaei said Monday that Iran has not yet made any decision regarding additional talks.

West Texas Intermediate futures, the benchmark index for U.S. oil prices, climbed more than 5% on Monday, registering at about $88 a barrel. U.S. oil prices stand about 35% higher than before the war.

The escalating tensions appeared to undo a brief thaw on Friday, when a senior Iranian official declared the strait “completely open” for tanker traffic. Within minutes, President Donald Trump celebrated the announcement as a major breakthrough.

The glimmer of relief for the critical waterway sent stock prices soaring and oil prices plummeting on Friday.

Markets have swung dramatically over the weeks following the start of the U.S.-Israel attacks on Iran on Feb. 28, as investors weathered a historic global oil shock and digested mixed signals from Trump.

Stocks have moved higher on a largely consistent basis in April, however, in response to an apparent willingness on the part of both sides to end fighting and negotiate a temporary truce.

The U.S. continues to mount a naval blockade of Iranian ports in the Strait of Hormuz, exerting pressure on Tehran by choking off a key source of revenue.

Last week, the commander of the Khatam Al-Anbiya Central Headquarters of Iran’s armed forces said the U.S. blockade of Iranian ports is a “violation of the ceasefire,” in a statement published by the official Islamic Republic News Agency.

The war prompted Iran’s effective closure of the Strait of Hormuz, a vital maritime trading route that facilitates the transport of about one-fifth of the global supply of oil and natural gas.

The disruption amounted to the “most severe oil supply shock in history,” the International Energy Agency (IEA) said in a report last week. Oil and gasoline prices soared, prompting some economists to warn of a possible recession.

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Politics

House Ethics Committee urges victims of sexual misconduct to contact them after lawmaker resignations

The US Capitol in Washington, DC, US, on Monday, April 20, 2026. House Republicans will send their first funding bills for the next fiscal year to the floor this week, while the Senate GOP plots a blueprint for patching up missing money for the current one. (Photographer: Graeme Sloan/Bloomberg via Getty Images)

(WASHINGTON) — The bipartisan House Ethics Committee on Monday released a rare statement encouraging anyone who may have experienced sexual misconduct by a House member or staffer to contact them, the Office of Congressional Workplace Rights or the Office of Employee Advocacy.

“There should be zero tolerance for sexual misconduct, harassment, or discrimination in the halls of Congress, or in any employment setting,” the committee said in a lengthy statement. 

“The greatest hurdle the Committee faces in evaluating allegations of sexual misconduct is in convincing the most vulnerable witnesses to share their stories,” the statement read. “Accordingly, the Committee’s practice has been to release only the information that is necessary to hold Members accountable for misconduct and address public reporting that impacts the integrity of the House.”

The statement comes after allegations of sexual misconduct led to the resignations of California Democrat Eric Swalwell and Texas Republican Tony Gonzales last week. 

Gonzales and Swalwell were about to face efforts by their colleagues to have them expelled from the House. The House Ethics Committee had announced investigations into both men, which ended when they resigned.

Gonzales dropped his reelection bid earlier this year after admitting to a relationship with a staffer who later died by suicide. Gonzales said he “made a mistake” and “had a lapse in judgement.”

Swalwell suspended his campaign for governor of California amid the accusations against him, including allegations of sexual assault, which he’s denied. Swalwell’s attorney, Sara Azari, last week said the allegations are “false.”

The committee said that since 2017, it has initiated investigations in 20 matters involving sexual misconduct by a lawmaker. 

“The Committee has also investigated several Members for their handling of allegations of sexual misconduct by their senior staff,” the statement read. 

In its history, the committee has conducted 28 sexual misconduct investigations. Several members who were being investigated resigned and even some were cleared.

The panel noted that it does not handle sexual harassment lawsuits or have “any involvement in settlements of such claims.” 

“The Committee has taken the position that conduct that falls short of legal definitions of sexual harassment or assault under federal or state statutes can still be a violation of the Code of Official Conduct, which imposes a higher standard on Members of the House,” the statement read. “The Committee has also consistently publicly announced its investigations into publicly reported allegations of sexual misconduct and has announced any findings in those matters.”

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Entertainment

‘Melrose Place,’ ‘Days of Our Lives’ star Patrick Muldoon dies at 57

Patrick Muldoon attends the 53rd annual Saturn Awards at Hilton Universal City Hotel on March 8, 2026, in Universal City, California. (Michael Tullberg/Getty Images)

Patrick Muldoon, known for his roles on shows including Days of Our Lives and films including Starship Troopers, has died at age 57, his representative confirmed to ABC News Monday.

Muldoon rose to fame in the early 1990s with his role on Days of Our Lives, on which he originated the role of Austin Reed. He later starred on the primetime soap opera Melrose Place and had a recurring role on Saved By the Bell.

Days of Our Lives paid tribute to its former star on Monday, writing in an Instagram post, “The Days of our Lives family is saddened by the news of Patrick’s untimely passing.”

“As the original ‘Austin Reed,’ he left an indelible mark in Salem both personally and professionally. Our thoughts are with his loved ones, and he will be missed by all of us,” the soap opera posted, alongside a series of photos of Muldoon.

Allison Sweeney, who co-starred with Muldoon on Days of Our Lives, shared memories of the actor in a post on X Monday, writing, “Pat was a rare kind of person—brilliantly talented, endlessly kind, and generous in spirit. I was so lucky to have worked with him when I first started at Days, he made me feel at ease right away. He brought his unique charm and humor to work every day. A truly gifted guy, and one who will be profoundly missed.”

Lisa Rinna, who also starred alongside Muldoon on Days, posted a photo of the pair together in an Instagram Story, alongside a broken heart emoji.

In addition to his TV roles, Muldoon acted on the big screen, including the 1997 movie Starship Troopers, playing the role of Zander Barcalow.

Over his decadeslong acting career, Muldoon accrued nearly 100 acting credits, as well as more than one dozen producing credits and several soundtrack credits, according to IMDb.

Just days before his death, Muldoon shared a post on Instagram promoting a new film he was working on, Kockroach, starring Chris Hemsworth, Taron Egerton and Zazie Beetz.

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Entertainment

‘Superman’ sequel ‘Man of Tomorrow’ starts production, James Gunn teases Lex Luthor in jail

David Corenswet as Superman in ‘Superman.’ (Jessica Miglio/Warner Bros.)

The Superman sequel Man of Tomorrow has started production.

Director James Gunn revealed that cameras have started rolling on the superhero sequel in a post on Instagram Monday.

“From the set of #ManofTomorrow. Shooting now,” Gunn captioned his post.

The photo Gunn shared features a chess board, a bag of opened Ruffles potato chips and a VanKull Department of Corrections badge for an inmate named A. Luthor. One can only assume the badge is for the villainous Lex Luthor, who was portrayed by Nicholas Hoult in Gunn’s 2025 Superman blockbuster film.

In a conversation with Howard Stern in September 2025, Gunn, who also serves as the co-head of DC Studios, said the new film will feature Superman teaming up with his enemy, Lex Luthor.

“It’s a story about Lex Luthor and Superman having to work together to a certain degree against a much, much bigger threat,” Gunn said. “It’s more complicated than that, but that’s a big part of it. It’s as much a Lex movie as it is a Superman movie.”

The director continued, saying, “I relate to the character of Lex, sadly. I really wanted to create something extraordinary with the two of them. I just love the script so much.”

Warner Bros. Pictures will release Man of Tomorrow in theaters on July 9, 2027.

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