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12:05 PM ET, January 12, 2026

memeorandum

 Top Items: 
Board of Governors of the Federal Reserve System:
Statement from Federal Reserve Chair Jerome H. Powell  —  Good evening.  —  On Friday, the Department of Justice served the Federal Reserve with grand jury subpoenas, threatening a criminal indictment related to my testimony before the Senate Banking Committee last June.
RELATED:
New York Times:
Federal Prosecutors Open Investigation Into Fed Chair Powell  —  The investigation, which is said to center on renovations of the Federal Reserve's headquarters in Washington, signals an escalation in the long-running clash between President Trump and the chair.
NBC News:
'I don't know anything about it': Trump denies involvement in DOJ's Fed subpoenas  —  In a brief interview with NBC News Sunday, Trump said he didn't know about the Justice Department subpoenaing the Federal Reserve but said chair Jerome Powell is “not very good.”
Jeff Cox / CNBC:
Yellen says Powell probe ‘extremely chilling’ for Fed independence, market should be concerned  —  Former Federal Reserve Chair Janet Yellen on Monday condemned an investigation into her successor, Jerome Powell, saying it compromises the central bank's independence.
Discussion: Axios, Fox News, Mediaite and NewsMax.com
Politico:
Fed up  —  Good Monday morning.  This is Jack Blanchard.  Get in touch.  —  LOOK WHO'S BACK: Elon Musk takes another step toward full rehabilitation within the Trump administration today, appearing in public alongside Defense Secretary Pete Hegseth in Texas.
Discussion: Thom Tillis …
Politico:
GOP angst grows over Powell investigation  —  A growing number of Republicans on Capitol Hill are expressing unease with the Justice Department's move to investigate Federal Reserve Chair Jerome Powell, a sign that the probe could become a major inflection point over GOP lawmakers' concerns about central bank independence.
Discussion: The Hill, Reuters, Newsweek and France 24
Bloomberg:
Bill Pulte Seen as Key Instigator Behind Powell Subpoena
Colby Smith / New York Times:
Fed Changes Course and Takes On Trump's Political Fight
Discussion: NewsNation
Heather Cox Richardson / Letters from an American:   The news has seemed to move more and more quickly in the last week. …
William Kristol / The Bulwark:   Take the Masks Off  —  For his entire second term, Donald Trump has been grousing …
Financial Times:
Gold hits record high on worries over Fed independence
Discussion: New York Times and CNN
New York Times:
Trump Regrets Not Seizing Voting Machines After 2020 Election  —  In an interview, the president said he should have ordered the National Guard to take the machines to find evidence of fraud, but added that the Guard might not have had the sophistication to do so.
Discussion: Democracy Docket
RELATED:
Washington Post:
Trump is trying to change how the midterm elections are conducted
Discussion: Raw Story
Anna Betts / The Guardian:   Trump regrets not seizing voting machines after 2020 election loss
Erica L. Green / New York Times:
Trump Says Civil Rights Led to White People Being ‘Very Badly Treated’  —  President Trump's comments were a blunt distillation of his administration's racial politics, which rest on the belief that white people have become the real victims of discrimination in America.
Discussion: The Independent and NewsMax.com
RELATED:
Alexander Willis / Raw Story:
Trump appalls with attack on Civil Rights Act: ‘White people very badly treated’  —  Critics pounced on President Donald Trump Monday after he complained to the New York Times that the Civil Rights Act - the landmark 1964 legislation that outlawed racial discrimination - was “unfair in certain cases” …
RELATED:
Barak Ravid / Axios:
Trump says he's looking at “very strong options” for supporting Iran protests
Stephen Collinson / CNN:
Trump purges ‘lame duck’ claims with brute force, retribution and play for global domination
Discussion: Raw Story
Elena Schneider / Politico:
Former Rep. Mary Peltola jumps into Alaska Senate race … “Systemic change is the only way to bring down grocery costs, save our fisheries, lower energy prices and build new housing Alaskans can afford,” Peltola said.  “It's about time Alaskans teach the rest of the country what Alaska First and, really, America First looks like.”
Annie Linskey / Wall Street Journal:
Trump ‘Inclined’ to Keep Exxon Out of Venezuela  —  President says he didn't like comments from company's CEO during a meeting Friday at the White House  —  WASHINGTON—President Trump said he might block Exxon Mobil from drilling in Venezuela after the company's top executive publicly acknowledged …
RELATED:
Carolina Millan / Bloomberg:
Mexico's Sheinbaum Touts ‘Very Good Talk’ With Donald Trump
Statement / Statement on the Federal Reserve:
Statement on the Federal Reserve  —  The Federal Reserve's independence and the public's perception of that independence are critical for economic performance, including achieving the goals Congress has set for the Federal Reserve of stable prices, maximum employment, and moderate long-term interest rates.
Discussion: Associated Press
Jeffrey M. Jones / Gallup:
New High of 45% in U.S. Identify as Political Independents  —  More independents lean Democratic than Republican, giving Democrats edge in party affiliation for first time since 2021  —  WASHINGTON, D.C. — A record-high 45% of U.S. adults identified as political independents in 2025 …
New York Times:
Two Hours, Scores of Questions, 23,000 Words: Our Interview With President Trump  —  Four New York Times reporters pressed Mr. Trump about a range of topics in a nearly two-hour interview.  Here is a transcript of their conversation.  —  President Trump spoke to four New York Times reporters …
Judd Legum / Popular Information:
Kill, smear, cover-up  —  On January 7, Renee Good, a 37-year-old mother and U.S. citizen, was fatally shot by ICE agent Jonathan Ross in Minneapolis.  After her death, Good was subjected to a vicious smear campaign by the President, the Vice President, administration officials, and their allies.
Discussion: BBC and HuffPost
Maya Kaufman / Politico:
Nearly 15,000 nurses go on strike at top New York City hospitals … “It is deeply offensive that they would rather use their billions to fight against their own nurses than settle a fair contract,” union president Nancy Hagans said in a statement.  “Nurses do not want to strike, but our bosses have forced us out on strike.”
Joyce Vance / Civil Discourse with Joyce Vance:
The Week Ahead  —  Tonight's column is far longer than I like to run, perhaps the longest one ever.  But please don't give up on it.  Although I'd planned to write about developments we expect this week in various lawsuits, these are the times we live in.  The situation with ICE is critical right now.
Discussion: NBC News and Raw Story
KKCO:
Teen dies of cancer days after mother arrested by ICE: 'She's never gonna see him'  —  By WBOC via CNN Newsource  —  SALISBURY, Md. (WBOC) - A Maryland man is navigating two devastating blows to his family after U.S. Immigration and Customs Enforcement agents arrested his wife just days …
Noah Berlatsky / Public Notice:
Republicans in Congress show signs of life  —  PN is supported by paid subscribers.  Become one ⬇️  —  ✌️ Subscribe to PN ✌️  —  The new year so far has been a miserable chronicle of democratic collapse and authoritarian brutality.
Discussion: New Republic
Tal Axelrod / Axios:
Bongino to resume podcast on Feb. 2  —  Former FBI Deputy Director Dan Bongino will resume his podcast on Feb. 2, marking the grassroots return of one of the right's most prominent brawlers. … - Since leaving his administration post earlier this month, he has hammered critics within …
Olivia Beavers / Wall Street Journal:
GOP Stock-Trading Crackdown Gains Momentum  —  Proposal would prohibit members of Congress from making new purchases of individual stocks  —  WASHINGTON—House Republicans including GOP leaders are lining up behind a stock-trading crackdown that they think is their best shot …
Emily Peck / Axios:
Trump funding freeze could stretch child care to a breaking point  —  Child care providers, already under financial strain, face their greatest test yet as the Trump administration imposes new rules and restrictions on funding. … - The administration, meanwhile, is also asking all states …
Yuliya Talmazan / NBC News:
Greenland faces ‘fateful moment’ as Trump says U.S. will take it ‘one way or the other’  —  Trump insists the U.S. must take control of Greenland to prevent Russia or China from doing the same — an argument Beijing dismissed Monday as “an excuse” to pursue territorial ambitions.  — Add NBC News to Google
Jeet Heer / The Nation:
Renee Good's Killing Has Unleashed MAGA's Misogyny  —  To defend the indefensible, the right is going after white women as race traitors.  —  Pocket  —  The killing of 37-year-old mother of three Renee Good by ICE agent Jonathan Ross in Minneapolis last Wednesday has shocked the world …
 
 
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 More Items: 
Shane Goldmacher / New York Times:
Inside Democrats' Brewing Debate Over Which States Should Vote First in 2028
Julia Shapero / The Hill:
Meta selects Dina Powell McCormick as president and vice chair
Alex Wickham / Bloomberg:
Russia Ramped Up Civilian Killings in Ukraine Amid Peace Push
Discussion: Reuters and New York Sun
Seb Starcevic / Politico:
Moldova's Sandu says she would vote for reunification with Romania
Discussion: Reuters
Amanda Marcotte / Salon:
MAGA is weirdly thirsty for Barron Trump
Discussion: Raw Story
Lisa Friedman / New York Times:
Under Trump, U.S. Adds Fuel to a Heating Planet
Eric Levitz / Vox:
The fiction at the heart of America's political divide
 Earlier Items: 
Michelle Cottle / New York Times:
The Rare Republican Who Brawls With Trump — and Is Ready for More
Christian Paz / Vox:
The violent “randomness” of ICE's deportation campaign
Chan Ho-him / Associated Press:
China and the EU agree on steps to resolve their dispute over EV imports
Discussion: UPI, Electrek and Gulf Stream Blues
David Catron / The American Spectator:
The Media Are Agents of Propaganda
Discussion: The Wrap and The Gateway Pundit
Dexter Filkins / New Yorker:
How Marco Rubio Went from “Little Marco” to Trump's Foreign-Policy Enabler
Discussion: Orlando Sentinel
Axios:
Behind the Curtain: The Haves, Have-Nots, Have-Lots economy
Associated Press:
Trump's motorcade in Florida rerouted due to ‘suspicious object’
 

 
From Techmeme:

CNBC:
Netflix walks away from a deal to buy WBD's studio and streaming assets after WBD deemed Paramount's $31/share bid to be superior; NFLX up 9%+ after hours

Naina Raisinghani / The Keyword:
Google rolls out Nano Banana 2, aka Gemini 3.1 Flash Image, with faster image generation, advanced world knowledge, and precision text rendering and translation

Annie Palmer / CNBC:
Block says it is laying off more than 4,000 of its 10,000+ employees; XYZ jumps 23%+ in extended trading

 
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