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10:10 AM 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.
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 …
Bloomberg:
Bill Pulte Seen as Key Instigator Behind Powell Subpoena  —  Federal Housing Finance Agency Director Bill Pulte was a driving force behind the Trump administration's decision to subpoena the Federal Reserve, according to people familiar with the matter, intensifying pressure on the central bank …
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.”
Amara Omeokwe / Bloomberg:
Fed Served With DOJ Subpoenas, Powell Vows to Stand Firm  —  Federal Reserve Chair Jerome Powell said the US central bank had been served grand jury subpoenas from the Justice Department threatening a criminal indictment, a dramatic escalation of the Trump administration's attacks on the Fed.
Politico:
DOJ opens probe into Fed's Powell, drawing backlash from lawmakers … “This new threat is not about my testimony last June or about the renovation of the Federal Reserve buildings,” he added in a video message.  “It is not about Congress's oversight role; the Fed, through testimony …
Heather Cox Richardson / Letters from an American:   The news has seemed to move more and more quickly in the last week. …
Dexter Filkins / New Yorker:
How Marco Rubio Went from “Little Marco” to Trump's Foreign-Policy Enabler
Discussion: Orlando Sentinel
Stephen Collinson / CNN:
Trump purges ‘lame duck’ claims with brute force, retribution and play for global domination
Discussion: Raw Story
Michelle Cottle / New York Times:
The Rare Republican Who Brawls With Trump — and Is Ready for More  —  Heading into 2026, Thomas Massie was already the Republican House member whom President Trump most loved to hate.  —  With his libertarian leanings and a bit of a mulish streak, the Kentucky conservative repeatedly crossed …
RELATED:
Noah Berlatsky / Public Notice:   Republicans in Congress show signs of life
Jordain Carney / Politico:
This GOP senator says reviving Obamacare subsidies would be ‘putting America first’
Discussion: Breitbart
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.”
Associated Press:
Celebrities wear pins protesting ICE on the Golden Globes red carpet  —  Some celebrities donned anti-ICE pins at the Golden Globes on Sunday in tribute to Renee Good, who was shot and killed in her car by an Immigration and Customs Enforcement officer this week in Minneapolis.
RELATED:
Christian Paz / Vox:
The violent “randomness” of ICE's deportation campaign
CNN:
DHS Secretary Noem defends her statements made hours after deadly ICE shooting
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.
RELATED:
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.
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:
Barak Ravid / Axios:
Trump says he's looking at “very strong options” for supporting Iran protests  —  President Trump said on Sunday that he is looking at “very strong options” when is comes to supporting the protest movement in Iran. … Trump said publicly that he was willing to use military force if the Iranian regime killed protesters.
RELATED:
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
RELATED:
Matt Egan / CNN:
‘Completely bonkers’: Trump's Greenland mining dreams collide with reality
Discussion: ABC17NEWS
New York Times:
The Battle Over House Maps Spills Into 2026, Where an X-Factor Awaits  —  As the race to gerrymander House districts narrows to a few states, Democrats are trying to go on offense.  But a Supreme Court ruling could give Republicans a major edge.  —  Democrats are pushing hard to fight Republicans …
Discussion: The Hill
RELATED:
Julia Mueller / The Hill:   Supreme Court could dramatically alter US election landscape
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.
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 …
Discussion: DEEPER LOOK …
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.”
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
Chan Ho-him / Associated Press:
China and the EU agree on steps to resolve their dispute over EV imports  —  China and the European Union said Monday they have agreed on steps toward resolving their dispute over the bloc's imports of Chinese-made electric vehicles.  A “guidance document” released by the EU on Monday gives instructions …
Discussion: Electrek and Gulf Stream Blues
Lisa Friedman / New York Times:
Under Trump, U.S. Adds Fuel to a Heating Planet  —  The president's embrace of fossil fuels and withdrawal from the global fight against climate change will make it hard to keep warming at safe levels, scientists said.  —  By pulling the United States out of the main international climate treaty …
 
 
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 More Items: 
Eric Levitz / Vox:
The fiction at the heart of America's political divide
Madison Mills / Axios:
Trump is getting creative to bypass Congress
Ann E. Marimow / New York Times:
Supreme Court to Consider West Virginia's Trans Athlete Law. It Applies to One Girl.
Mark Olalde / ProPublica:
The Biggest Takeaways From Our Investigation Into Grazing on Public Lands
Jeffrey M. Jones / Gallup:
New High of 45% in U.S. Identify as Political Independents
Discussion: Semafor
David Catron / The American Spectator:
The Media Are Agents of Propaganda
Discussion: The Wrap and The Hill
Olivia Beavers / Wall Street Journal:
GOP Stock-Trading Crackdown Gains Momentum
Discussion: The Virginian-Pilot
Politico:
‘Brace for impact’: Trump turns fraud into new weapon against blue states
Discussion: Raw Story
 Earlier Items: 
Axios:
Behind the Curtain: The Haves, Have-Nots, Have-Lots economy
Financial Times:
Gold hits record high on worries over Fed independence
Discussion: New York Times
Associated Press:
Protesters try to attack driver after truck speeds through anti-Iran demonstration in Los Angeles
Alex Thompson / Axios:
Emanuel targets GOP and Dems as he tests 2028 campaign
Letters / Augusta Free Press:
Vanishing act: How UVA's presidential search missed what took us an hour to find
 

 
From Mediagazer:

Lillian Rizzo / CNBC:
In a letter to WBD shareholders, David Ellison says Paramount filed a lawsuit in the Delaware Chancery Court seeking information in its hostile takeover attempt

Charlotte Tobitt / Press Gazette:
Chartbeat data: global Google search referrals to publishers fell by 33% in the year ending November 2025, with US-specific organic search traffic down 38%

Todd Spangler / Variety:
Amy Poehler's Good Hang won the Golden Globes' inaugural podcast award, beating five other nominees, including Call Her Daddy, SmartLess, and NPR's Up First

 
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