Supreme Court sharply critical of Trump moves on Fed, likely to keep Cook on job for now
Al Drago/Bloomberg via Getty Images
(WASHINGTON) — The Supreme Court on Wednesday sharply questioned President Donald Trump’s assertion of unchecked power to remove a member of the Federal Reserve over the mere allegation of gross negligence and without any opportunity for a hearing to dispute the claims.
A majority of justices also appeared likely to deny Trump’s request to immediately remove Lisa Cook from her position as litigation continues, though it was less clear whether the court would definitively weigh in on the substance of the allegations or the proper standard for removal under the law.
This is a developing story. Please check back for updates.
In this image posted to social media on President Donald Trump’s Truth Social account, General Dan Caine, Chairman of the Joint Chiefs of Staff, CIA Director John Ratcliffe and Secretary of Defense Pete Hegseth are shown at Mar-a-Lago in Palm Beach, Fla., on Jan. 3, 2026, watching a remote feed of the US military’s mission to capture Venezuela’s President Nicolas Maduro. (@realdonaldtrump)
(NEW YORK) – At a Mar-a-Lago news conference Saturday morning, hours after he ordered a military strike in Venezuela and the capture of the country’s president, Nicolas Maduro, and his wife, President Donald Trump started off calling it an anti-drug law enforcement operation.
His Secretary of State, Marco Rubio, said “at its core, this was an arrest of two indicted fugitives of American justice.”
But Trump’s framing of the issue appeared to quickly expand when he stunned observers by saying the U.S. was going to “run the country” temporarily, even if that involved troops on the ground, that American companies would soon start selling the country’s vast oil reserves, and that it was part of an overall strategy of U.S. dominance in the Western Hemisphere.
While Trump said that the U.S. would “make Venezuela great again,” when asked repeatedly about the specifics of America’s role, including a possible timetable, Trump gave few specifics.
“We’re going to be running it with a group, and we’re going to make sure it’s run properly. We’re going to rebuild the oil infrastructure, which will cost billions of dollars. It will be paid for by the oil companies directly. They will be reimbursed for what they’re doing, but that’s going to be paid,” Trump said.
Later, a U.S. official told ABC News what it would look like for the U.S. to “run” Venezuela.
The official said top Trump officials will continue to diplomatically engage with those remaining in the Venezuelan government, that the administration will engage with oil executives to begin oil expansion in the country and that the U.S. military will remain postured and ready, and that the oil embargo would remain in effect.
American boots on the ground possible The president brushed off questions about concerns about the length and logistics of the U.S. operation.
Trump was asked about whether U.S. troops would be on the ground in order to “run” Venezuela and indicated he could use the military to make sure it’s run “properly.”
“Well, you know, they always say, ‘boots on the ground, oh.’ So, we’re not afraid of boots on the ground,” he said. “We had boots on the ground last night at a very high level. Actually, we’re not afraid of it. We don’t mind saying it, but we’re going to make sure that that country is run properly.”
When pressed again later, Trump suggested that the only U.S. presence will pertain “to oil,” suggesting the presence will be American oil companies.
“We’re going to be taking out a tremendous amount of wealth out of the ground, and that wealth is going to the people of Venezuela and people from outside of Venezuela that used to be in Venezuela, and it goes also to the United States of America in the form of reimbursement for the damages caused by that country,” he said.
The president also suggested that U.S. forces remain “ready” to carry out a “much bigger” second-wave attack on Venezuela.
Trump faced pushback from Democrats over his announcement.
“The idea that Trump plans to now run Venezuela should strike fear in the hearts of all Americans,” Sen. Minority Leader Chuck Schumer, D-N.Y., said in a statement. “The American people have seen this before and paid the devastating price.”
Republican Rep. Marjorie Taylor Greene of Georgia, who is leaving Congress Monday following a fallout with Trump, slammed the president over his actions.
“Americans disgust [sic] with our own government’s never ending military aggression and support of foreign wars is justified because we are forced to pay for it and both parties, Republicans and Democrats, always keep the Washington military machine funded and going,” she said in a statement. “This is what many in MAGA thought they voted to end.”
When pressed about how taking the action in Venezuela is “America First,” Trump said that it was for the U.S. to surround itself with “good neighbors,” and “energy.”
Trump’s comments during the news conference were a far cry from his previous rhetoric in the weeks leading up to the strike in the Venezuelan capital, in which he condemned Maduro and his regime for allegedly contributing to drug trafficking, a charge Maduro has repeatedly denied..
Trump makes case using Monroe Doctrine The president has reaffirmed and expanded his policy of a modern version of the Monroe Doctrine declared in 1823, the notion that views America as the dominant leader in the Western Hemisphere.
“All of these actions were in gross violation of the core principles of American foreign policy, dating back more than two centuries, and not anymore, all the way back. It dated to the Monroe Doctrine,” he said.
“And the Monroe Doctrine is a big deal, but we’ve superseded it by a lot, by a real lot. They now call it the ‘Donroe Doctrine,'” the president added, playing off his name.
Trump’s comments Saturday came after he released a message in December that he called the “Trump Corollary” to the Monroe Doctrine, saying that “the American people — not foreign nations nor globalist institutions — will always control their own destiny in our hemisphere.”
Foreign leaders in Russia, Cuba and Russia denounced Saturday’s strike.
“Venezuela should be guaranteed the right to determine its own fate without any destructive, especially military intervention from outside. We reaffirm our solidarity with the Venezuelan people and support for the course of their Bolivarian leadership aimed at protecting the national interests and sovereignty of the country,” the Russian foreign ministry said in statement.
Trump does not back opposition leader When asked about whether he’d support opposition head María Corina Machado to become the country’s new leader, Trump dismissed the possibility.
“I think it would be very tough for her to be the leader. She doesn’t have the support within or the respect within the country. She’s a very nice woman, but she doesn’t have the respect,” Trump said.
Machado put out a statement Saturday praising Maduro’s removal.
“Today we are ready to take over power. We remain vigilant, active, and organized until a democratic transition is concrete. A transition that needs ALL of us,” she said. “To Venezuelans inside our country, be ready to mobilize what we will soon communicate to you through our official channels.”
Machado, who was awarded the Nobel Peace Prize last year, told reporters last month that she would return to the country “when we believe the security conditions are right, and it won’t depend on whether or not the regime leaves.”
After winning the prize, she posted a statement on X where she dedicated the prize to “to the suffering people of Venezuela and to President Trump for his decisive support of our cause!”
When asked how soon he wanted to see Venezuela hold elections, Trump indicated that he wants to see if it happens quickly, but noted that it “takes a period of time.”
Venezuelan Vice President Delcy Rodriguez demanded Maduro’s return in a speech on state TV. Trump had said “she’s essentially willing to do what we think is necessary to make Venezuela great again.”
“We had already warned that an aggression was underway under false excuses, under false pretexts, and that the masks had fallen and it had only one objective: regime change in Venezuela — and the capture of our energy, mineral, and natural resources,” Rodriguez said in Spanish.
Bill Clinton speaks onstage during the Clinton Global Initiative 2025 Annual Meeting at New York Hilton Midtown on September 25, 2025 in New York City. (Photo by JP Yim/Getty Images for New York Hilton Midtown)
(WASHINGTON) — Former President Bill Clinton is set to give a closed-door deposition to the House Oversight Committee on Friday as part of its investigation into Jeffrey Epstein in Chappaqua, New York.
In her deposition Thursday, Hillary Clinton said she did not know Epstein, could not recall ever encountering him and never visited him on his island or at his home or office.
Hillary Clinton said after her deposition that the committee asked her over and over if she knew Epstein and there were questions that were off subject — about UFOs and the debunked “Pizzagate” conspiracy.
“So if they are going to fulfill their responsibilities to literally investigate the investigations, which is what they originally said was the scope of their work, I think they could have spent the day more productively,” she said.
Neither Bill Clinton nor Hillary Clinton has been accused of wrongdoing and both deny having any knowledge of Epstein’s crimes.
No Epstein survivor or associate has ever made a public allegation of wrongdoing or inappropriate behavior by the former president or his wife in connection with his prior relationship with Epstein.
“No one is accusing, at this moment, the Clintons of any wrongdoing,” Oversight Committee Chairman James Comer said Thursday morning ahead of Hillary Clinton’s deposition. “They’re going to have due process, but we have a lot of questions, and the purpose of the whole investigation is to try to understand many things about Epstein.”
Bill Clinton’s association with Epstein was first noted publicly in 2002 after reporters learned of the former president’s flight that year on Epstein’s jet for a humanitarian mission to multiple African nations.
Bill Clinton told New York Magazine through a spokesperson at the time that “Jeffrey is both a highly successful financier and a committed philanthropist with a keen sense of global markets and an in-depth knowledge of 21st century science.”
Ghislaine Maxwell, Epstein’s co-conspirator who was sentenced to 20 years in prison for sex trafficking and other crimes said in a recorded interview last year with Deputy Attorney General Todd Blanche, that it was she, not Epstein, who had a friendship with Bill Clinton, and that she was the one who suggested and organized his trips on Epstein’s aircraft.
The Clintons were subpoenaed to appear under oath in front of the committee for a deposition in January, but failed to comply, arguing the subpoenas were without legal merit. Rather, they proposed a four-hour transcribed interview instead.
David Kendall, the Clintons’ lawyer, argued that the couple has no information relevant to the committee’s investigation of the federal government’s handling of investigations into Epstein and Maxwell, and should not be required to appear for in-person testimony.
Kendall contended the Clintons should be permitted to provide the limited information they have to the committee in writing.
Comer had long threatened to hold the Clintons in contempt if they failed to appear before the committee, so when they didn’t, a contempt resolution was drafted and put to a vote.
The Oversight Committee passed the contempt resolution with nine Democrats voting in favor of it, teeing it up for a full House vote.
At the last minute, just before the resolution was to be voted on in the House, the Clintons agreed to sit for a deposition, postponing further consideration of a contempt vote.
Democrats on the committee said they hope this week’s testimony from the Clintons spark Republican committee members to investigate more of Epstein’s ties to President Donald Trump.
Trump has repeatedly denied any knowledge of Epstein’s crimes and has said that he cut off contact with his former friend more than 20 years ago.
While the Clintons have agreed to speak with the committee behind closed doors, they have still pushed for public hearings as part of the committee’s investigation.
“I will not sit idly as they use me as a prop in a closed-door kangaroo court by a Republican Party running scared,” Bill Clinton wrote in a lengthy post on X. “If they want answers, let’s stop the games & do this the right way: in a public hearing, where the American people can see for themselves what this is really about.”
Speaker of the House Mike Johnson (R-LA) discusses rising health insurance premiums as U.S. House Majority Leader Steve Scalise (R-LA) (L) and House Majority Whip Tom Emmer (R-MN) look on during a press conference in the U.S. Capitol Building on December 10, 2025 in Washington, DC. (Heather Diehl/Getty Images)
(WASHINGTON) — House Republicans — led by Speaker Mike Johnson — unveiled Friday a narrow health care package to address rising costs, but the plan does not extend the expiring enhanced Affordable Care Act subsidies.
The GOP proposal — which will receive a vote on the House floor sometime next week — would expand the availability of association health plans and what are known as “CHOICE arrangements”; impose new transparency requirements on pharmacy benefit managers to lower drug costs; and appropriate money for cost-sharing reductions to reduce premiums in the individual market.
Association health plans allow employers to band together to purchase coverage.
Notably, the 111-page measure would not funnel additional money into health savings accounts.
“While Democrats demand that taxpayers write bigger checks to insurance companies to hide the cost of their failed law, House Republicans are tackling the real drivers of health care costs to provide affordable care, increase access and choice, and restore integrity to our nation’s health care system for all Americans,” Johnson said in a statement Friday.
Republicans are also discussing staging a vote on an amendment to the health care package that would extend the ACA subsidies. The specifics of the amendment are still being discussed, according to GOP leadership aides.
The Rules Committee plans to mark up the bill at 2 p.m. on Tuesday. The House would then have to vote on an amendment related to extending the subsidies and then the underlying bill before sending it over to the Senate.
Speaking to reporters on Friday, President Donald Trump said he wants a health care plan that would directly funnel aid to patients, adding that money should be given to people for health care through an insurance account.
“I think what most Republicans want to see– what is what I want to see, and I leave it to them, and hopefully they’re going to put great legislation on this desk right here: we want to see all of the money that’s been squandered and given to insurance companies because Obamacare is horrible health insurance,” Trump said.
He added, “And we want the money to go to the people. They’ll go in the form of an insurance account, health care account, or any other form that we can create with a lot of different forms. We want to give the money to the people and let the people buy their own great health care, and they’ll save a lot of money, and it’ll be great,” he continued.
But Trump also kept the door open, slightly, on extending ACA tax credits, saying he was going to “look into” the possibility of doing so with the assurance that an extension deal would come with some caveats that Republicans want.
House GOP leadership aides hope to pass the health care package next week — the last legislative week of 2025 that the House is expected to be in session for.
“The Lower Health Care Premiums for All Americans Act will actually deliver affordable health care — and we look forward to advancing it through the House,” Johnson said.
Even if the measure does clear the House, the Senate is not likely to take any further major action on health care next week, leaving those enhanced premium subsidies all but certain to lapse.
House Democratic Leader Hakeem Jeffries called the Republican proposal “toxic legislation” that doesn’t address the coming hike in ACA premiums.
“House Republicans are not serious about ending the healthcare crisis they have unleashed in this country,” Jeffries said in a statement. “After promising legislation for months, this 11th hour measure fails to extend the Affordable Care Act tax credits that tens of millions of Americans rely on to afford their healthcare.”
Jeffries said Democrats are willing to work with Republicans on extending the subsidies, saying: “We are ready to work with anyone in good faith on the other side of the aisle who wants to prevent the Affordable Care Act tax credits from expiring at the end of the month.”
Ahead of the measure being introduced Friday, nearly a dozen House Republicans had publicly defied Johnson by trying to force a vote on extending the expiring subsidies.
As of Thursday, 11 Republicans had signed on to two discharge petitions — one filed by a Republican and the other by a Democrat — that would extend the subsidies.
In the Senate, two competing health care proposals aimed at addressing the expected premium spikes — one championed by Democrats and the other by Republicans — failed to advance earlier this week.
