Federal Reserve Chair Jerome Powell warned Wednesday that a Supreme Court showdown over sitting Fed governor Lisa Cook could have far-reaching consequences for the central bank’s independence and the U.S. economy. “I would say that that case is perhaps the most important legal case in the Fed’s 113-year history. As I thought about it, it might have been hard to explain why I didn’t attend,” Powell told reporters...

The White House invited rank-and-file Senate Democrats to discuss government funding options, but they declined, instead opting to unveil a list of demands to rein in Immigration and Customs Enforcement (ICE) agents in exchange for their votes to avert a shutdown.  “The White House hopes to avoid another debilitating government shutdown, and invited Democrats for a listening session to better understand their position,” a senior White House official...

The U.S. will “very quickly” reopen its embassy in Venezuela and establish a diplomatic presence on the ground, according to Secretary of State Marco Rubio. “We have a team on the ground there assessing it, and we think very quickly we’ll be able to open a U.S. diplomatic presence on the ground,” Rubio told members of the Senate Foreign Relations Committee Wednesday.  The goal, he said, would be...