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Trump Targets Fed Chair Powell Over Renovation Costs

  In a dramatic escalation of his long-standing feud with Federal Reserve Chair Jerome Powell, former President Donald Trump has signaled a potential path to remove Powell from office—citing alleged mismanagement of a $2.5 billion renovation project at the Fed’s Washington headquarters. The renovation, which includes upgrades to aging infrastructure and removal of hazardous materials like asbestos, has ballooned in cost over the years. Trump and his allies claim the project includes extravagant features such as rooftop gardens, VIP dining rooms, and premium marble—claims Powell has publicly denied. The Fed insists the renovations are necessary and cost-effective in the long term, consolidating staff and reducing rental expenses. While the Supreme Court has affirmed that a president cannot dismiss the Fed chair over policy disagreements, Trump may be attempting to build a case for removal “for cause,” alleging Powell misled Congress about the renovation’s scope and budget. Criti...
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U.S. Vice President Criticizes Denmark's Role in Greenland's Security

During a recent visit to the U.S. military's Pituffik Space Base in Greenland, Vice President JD Vance openly criticized Denmark for what he described as insufficient efforts to protect Greenland from potential threats posed by Russia and China. Vance emphasized the strategic importance of Greenland, citing increased interest in Arctic passageways, naval routes, and mineral resources from global powers.

While pledging respect for Greenland's sovereignty, Vance urged the semi-autonomous Danish territory to consider closer collaboration with the United States. He assured Greenlanders that the U.S. would invest in additional resources, including naval ships and military icebreakers, to bolster security in the region.

Denmark's response to Vance's remarks has been mixed, with Greenland's new prime minister calling the U.S. visit a "provocation" and Denmark's King Frederik reaffirming his commitment to Greenland's people. The visit has sparked discussions about the balance of power and security in the Arctic, as well as Greenland's future alliances.

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