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3:15 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:
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.
Marc Caputo / Axios:
Scoop: Bessent told Trump that investigation of Fed chair creates a “mess”  —  A perturbed Treasury Secretary Scott Bessent told President Trump late Sunday that the federal investigation into the Federal Reserve chair “made a mess” and could be bad for financial markets, two sources familiar with the call told Axios.
Discussion: NewsMax.com, Reuters and Newsweek
Amber Phillips / Washington Post:
The extraordinary criminal inquiry of a Fed chair, explained  —  Legal experts warn the Trump administration's probe of Jerome Powell threatens the rule of law, and economists warn it threatens the stability of the U.S. economy.  —  Just now  —  President Donald Trump's Justice Department …
Discussion: Fortune, Newsweek and The Guardian
Colby Smith / New York Times:
Fed Changes Course and Takes On Trump's Political Fight  —  The Justice Department's decision to open up a criminal investigation of Jerome H. Powell, the chair of the Federal Reserve, is a major escalation in the pressure campaign against the central bank to cut interest rates.
Discussion: Washington Examiner and RedState
NBC News:
Republican lawmakers speak out against the Justice Department's Federal Reserve investigation  —  Sen. Lisa Murkowski said that the investigation is “nothing more than an attempt at coercion” while Rep. French Hill warned that the probe would create “an unnecessary distraction.”
William Kristol / The Bulwark:
Take the Masks Off  —  For his entire second term, Donald Trump has been grousing about Fed Chair Jerome Powell's resistance to cutting interest rates, but he has always stopped short of actually trying to run Powell out of office—until now.  On Sunday, the Federal Reserve released a direct-to-camera video from Powell.
Discussion: The Hill and CNBC
Christopher Rugaber / Associated Press:
Why the Federal Reserve has historically been independent of the White House
New York Times:
Federal Prosecutors Open Investigation Into Fed Chair Powell
Max Zahn / ABC News:
Stocks fall after Trump's DOJ opens criminal probe into Fed Chair Powell
Bloomberg:
Bill Pulte Seen as Key Instigator Behind Powell Subpoena
Ian Millhiser / Vox:   Trump's war on the Federal Reserve heads to the Supreme Court next week
Heather Cox Richardson / Letters from an American:   The news has seemed to move more and more quickly in the last week. …
Axios:   Meet Bill Pulte, Trump's unlikely attack dog
Al Weaver / The Hill:
Murkowski calls for Congress to investigate DOJ over Fed ‘coercion’
Discussion: CBS News, Bloomberg and ABC News
Jennifer Hassan / Washington Post:
The growing list of probes into officials Trump has criticized
Discussion: The Hill and NewsMax.com
Maxine Joselow / New York Times:
E.P.A. to Stop Considering Lives Saved When Setting Rules on Air Pollution  —  In a reversal, the agency plans to calculate only the cost to industry when setting pollution limits, and not the monetary value of saving human lives, documents show.  —  For decades, the Environmental Protection Agency …
Discussion: TechCrunch
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.
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” …
Carol Leonnig / MS NOW:
Trump DOJ fires prosecutor who declined to pursue James Comey case  —  The Justice Department has fired the No. 2 official in the U.S. attorney's office for the Eastern District of Virginia after he declined to lead the controversial prosecution of former FBI Director James Comey …
Discussion: The Guardian and Mediaite
RELATED:
New York Times:   Federal Prosecutor Is Fired Amid Further Turmoil in Comey Case
Washington Post:
Trump is trying to change how the midterm elections are conducted … Five years ago, President Donald Trump pressured Republican county election officials, state lawmakers and members of Congress to find him votes after he lost his reelection bid.  Now, he's seeking to change the rules before ballots are cast.
Discussion: Raw Story
RELATED:
Anna Betts / The Guardian:   Trump regrets not seizing voting machines after 2020 election loss
New York Times:
Trump Regrets Not Seizing Voting Machines After 2020 Election
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 …
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.”
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.
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
RELATED:
NBC News:
Trump to host Venezuelan opposition leader María Corina Machado at the White House on Thursday  —  Their meeting will come less than two weeks after the U.S. launched strikes and captured Venezuelan President Nicolás Maduro and his wife.  —  WASHINGTON — President Donald Trump …
RELATED:
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.”
Janna Brancolini / The Daily Beast:
Trump, 79, Answers Simple Question With Bizarre Word Salad  —  WHAT KNOWS MEANS  —  The president dodged the question before giving a confused answer.  —  President Donald Trump gave a bizarre response to a simple question about what it would mean for the ICE agent who killed a woman in Minneapolis to be immune from prosecution.
Discussion: Raw Story
Reece Rogers / Wired:
MacKenzie Scott Donates $45 Million to the Trevor Project  —  Jeff Bezos' ex-wife has made a donation to the LGBTQ+ advocacy group that the organization calls “transformational.”  —  On Monday, billionaire philanthropist MacKenzie Scott donated $45 million to The Trevor Project, a nonprofit that serves LGBTQ+ youth.
NBC News:
Sen. Mark Kelly sues Defense Secretary Pete Hegseth over efforts to reduce his military retirement rank  —  Hegseth said last week that the Pentagon was taking steps to downgrade Kelly's military retirement rank and pay after the senator urged service members not to follow illegal orders.
Discussion: New York Daily News and CBS News
Dell Cameron / Wired:
GoFundMe Ignores Own Rules by Hosting a Legal-Defense Fund for the ICE Agent Who Killed Renee Good  —  The fundraiser for the ICE agent in the Renee Good killing has stayed online in seeming breach of GoFundMe's own terms of service, prompting questions about selective enforcement.
Amy Knight / Wall Street Journal:
The U.S. Could Make 2026 Even Worse for Putin Than 2025  —  The war in Ukraine has lasted as long as Soviet involvement in World War II, with no victory in sight.  —  Click for Sound  —  The year has started badly for Vladimir Putin.  As of Sunday, the war in Ukraine has lasted as long …
Discussion: NewsMax.com
 
 
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 More Items: 
Nick Niedzwiadek / Politico:
Labor secretary's top aides sidelined amid inspector general complaint
Brian Beutler / Off Message:
Abolish ICE—For Real This Time
Nathaniel Weixel / The Hill:
Federal judge orders HHS to restore $12m in funding to American Academy of Pediatrics
Discussion: STAT
Jill Lawrence / The Bulwark:
Embracing Impeachment  —  The case against Trump and his cabinet keeps growing …
Pam Belluck / New York Times:
F.D.A. Decisions on Abortion Pill Were Based on Science, New Analysis Finds
Discussion: Washington Examiner
 Earlier Items: 
Emily Peck / Axios:
Trump funding freeze could stretch child care to a breaking point
Jeet Heer / The Nation:
Renee Good's Killing Has Unleashed MAGA's Misogyny
Amanda Marcotte / Salon:
MAGA is weirdly thirsty for Barron Trump
Discussion: Raw Story
Eric Levitz / Vox:
The fiction at the heart of America's political divide
Madison Mills / Axios:
Trump is getting creative to bypass Congress
Michelle Cottle / New York Times:
The Rare Republican Who Brawls With Trump — and Is Ready for More
 

 
From Techmeme:

Scott Shambaugh / The Shamblog:
A matplotlib maintainer explains how an AI agent that suggests code changes on open source repos wrote a hit piece on him after a rejection, and the aftermath

Eduardo Baptista / Reuters:
ByteDance launches Doubao 2.0, an “agent era” upgrade of China's most widely used AI app capable of executing multi-step tasks, ahead of the Lunar New Year

Jessica Brice / Bloomberg:
A deep dive into a global money-laundering ecosystem powered by crypto and messaging apps like WeChat and Telegram, used by drug cartels and criminal groups

 
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