Tag: US Senate

In a major legislative shift, the US Senate has voted 50-47 to advance a War Powers Resolution introduced by Senator Tim Kaine, aiming to force President Donald Trump to seek explicit congressional authorization for continued military operations against Iran. The vote comes amid a fragile ceasefire and fierce rhetorical exchanges, with Iranian Foreign Minister Abbas Araghchi claiming the downing of an American F-35 stealth fighter, while Trump asserts the conflict will conclude rapidly with zero tolerance for Iranian nuclear weapons.

In a significant shift for U.S. monetary policy, the Senate has officially confirmed Kevin Warsh as the new Chairman of the Federal Reserve. Replacing Jerome Powell, Warsh was approved in a 54-45 vote and is set to lead his first FOMC meeting this June.