Without the North Carolina senator's support, the Senate banking committee's vote to advance Warsh's nomination would tank.
Judge Margaret Garnett of the U.S. District Court for the Southern District of New York blocked federal prosecutors from pursuing the death penalty in the case.
Doescher said that Jerome Powell is “very happy” about Kevin Warsh’s nomination because it gives him a “permission structure” to leave.
At least three of President Trump's Cabinet members are facing scandals over their leadership in office in second year of the administration.
President Donald Trump is holding a Cabinet meeting amid tensions in Minneapolis, Minnesota.
If confirmed by the Senate, Warsh, 55, would replace current Fed Chairman Jerome Powell when his term ends in May.
Committee Chairman James Comer announced the second hearing into the Minnesota fraud scandal with Gov. Tim Walz and state Attorney General Keith Ellison.
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Israel will open the Rafah border crossing between the Gaza Strip and Egypt on Sunday for limited pedestrian traffic in both directions.
Kevin Warsh's decades long skepticism of quantitative easing makes him the perfect choice to be the next chairman of the Federal Reserve.