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9:55 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 …
Dexter Filkins / New Yorker:
How Marco Rubio Went from “Little Marco” to Trump's Foreign-Policy Enabler
Discussion: Orlando Sentinel
Heather Cox Richardson / Letters from an American:   The news has seemed to move more and more quickly in the last week. …
Stephen Collinson / CNN:
Trump purges ‘lame duck’ claims with brute force, retribution and play for global domination
Discussion: Raw Story
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.
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
Julie Tsirkin / NBC News:
Trump threatened GOP senators who voted for War Powers resolution in ‘angry’ calls
Discussion: New Jersey Online and Al Jazeera
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:
Wall Street Journal:
U.S. Steps Up Planning for Possible Action in Iran
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:
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:
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.
Discussion: Raw Story and NewsMax.com
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
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 …
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
Daily Mail:
Mark Ruffalo, Natasha Lyonne and other stars protest Renee Good death with ‘ICE Out’ pin at 2026 Golden Globes  —  Mark Ruffalo and other A-listers honored the memory of Renee Good and protested the US Immigration and Customs Enforcement (ICE) agency on the red carpet of the 83rd Golden Globes on Sunday.
Discussion: Variety, Breitbart and Deadline
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 More Items: 
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 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
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
 Earlier Items: 
Associated Press:
Protesters try to attack driver after truck speeds through anti-Iran demonstration in Los Angeles
Sophie Gardner / Politico:
RFK Jr.'s theories about vaccines are about to be tested
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:

Alanna Durkin Richer / Associated Press:
The DOJ reaches a settlement in its antitrust lawsuit against Ticketmaster and Live Nation in a case that alleged an illegal monopoly over live events in the US

Alex Weprin / The Hollywood Reporter:
Piers Morgan's Uncensored names Rashida Jones, who left MSNBC in 2025, as CEO, and raises capital; the YouTube-based media company was reportedly seeking ~$30M

Shannon Bond / NPR:
The Knight First Amendment Institute and Protect Democracy sue the Trump admin for its policy targeting noncitizens whose work the government deems “censorship”

 
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