Exclusive-Fed should be independent, has made mistakes, Treasury Secretary Bessent saysNew Foto - Exclusive-Fed should be independent, has made mistakes, Treasury Secretary Bessent says

By Jeff Mason and Andrea Shalal ARLINGTON, Virginia (Reuters) -U.S. Treasury Secretary Scott Bessent said on Monday the Federal Reserve is and should be independent but said it had "made a lot of mistakes" and defended President Donald Trump's right to fire Fed Governor Lisa Cook over allegations of mortgage fraud. Trump has criticised the Fed and its chair, Jerome Powell, for months for not lowering interest rates, and recently took aim at Powell over a costly renovation of the bank's Washington headquarters. "The Fed should be independent. The Fed is independent, but I, I also think that they've made a lot of mistakes," Bessent told Reuters in an interview at a diner in suburban Washington. (Reporting by Jeff Mason and Andrea Shalal; Editing by Scott Malone)

Exclusive-Fed should be independent, has made mistakes, Treasury Secretary Bessent says

Exclusive-Fed should be independent, has made mistakes, Treasury Secretary Bessent says By Jeff Mason and Andrea Shalal ARLINGTON, Virginia...
54 shot, 7 dead, in Chicago amid Trump's threat to deploy National GuardNew Foto - 54 shot, 7 dead, in Chicago amid Trump's threat to deploy National Guard

At least 54 people have been shot, seven fatally, across Chicago over Labor Day weekend, including a drive-by attack that left seven victims wounded, according to police. The violent holiday weekend came as President Donald Trumprenewed threatsto send federal agents and National Guard troops to Chicago over the objections of Illinois Gov. JB Pritzker and Chicago Mayor Brandon Johnson. Trump on Saturday sent a warning to Pritzker in a post on his social media platform, referencing recent crime in Chicago and saying Pritzker "better straighten it out, FAST, or we're coming!" Pritzker, a Democrat, responded in a news conference a week ago to anearlier Trump threatto "straighten out Chicago, just like we did D.C.," by saying that the president's plan was "unprecedented and unwarranted. It is illegal, it is unconstitutional, it is un-American." Johnson responded last week by saying in part that he had "grave concerns about the impact of any unlawful deployment of National Guard troops to the city of Chicago," and calling Trump's approach "uncoordinated, uncalled for, and unsound." Johnson also said that deploying the National Guard in Chicago could "inflame tensions between residents and law enforcement." On Saturday, Johnson signed an executive order dubbed the "Protecting Chicago Initiative," which hedescribed in a news conferenceas "the most sweeping campaign of any city in the country to protect ourselves from the threats and actions of this out-of-control administration" and which "directs our department of law to pursue any and every legal mechanism to hold this administration accountable for violating the rights of Chicagoans." "We have received credible reports that we have days, not weeks, before our city sees some type of militarized activity by the federal government," Johnson said, in part. "We take these threats seriously and we find ourselves in a position where we must take immediate, drastic action to protect our people from federal overreach." At least 32 separate shootings occurred in Chicago between 10:32 p.m. Friday and noon on Monday, according to a review by ABC News of police incident reports published online. The victims included a 17-year-old girl who was inside her home when a bullet came through a front window and hit her in the arm, a 31-year-old man who was shot in the leg after getting caught in the crossfire of gunmen shooting at each other from two vehicles, and two people who shot and injured while driving down a street, all according to the incident reports. Fewer than five hours after Trump posted a message on social media on Saturday criticizing Pritzker's handling of crime in Chicago, a mass shooting occurred in the Bronzeville neighborhood of Chicago's South Side that left seven people wounded. "He better straighten it out, FAST, or we're coming!"Trump saidin his post about Pritzker. The shooting in Bronzeville occurred about 11:10 p.m. on Saturday on South State Street, according to police. A group of people were gathered outside in the area when a vehicle drove by and at least one occupant opened fire on the crowd. All seven people shot, five men and two women ranging in age from 28 to 32, were taken to hospitals with non-life-threatening injuries to their lower extremities, police said. No suspects have been arrested. The first of seven homicides that police say occurred over the long holiday weekend happened at 11:56 p.m. on Friday at the South Shore apartment complex on East Essex Street, where two women were discovered shot, according to police. A 25-year-old woman was found in the apartment suffering from two gunshot wounds to her stomach and one to her leg, according to a police incident report. She was taken to the University of Chicago Medical Center where she was pronounced dead, according to authorities. The victim's name was not immediately released. The second victim, a 23-year-old woman, suffered gunshot wounds to both legs and was in fair condition at the University of Chicago Medical Center. MORE: 4 killed, 14 hurt in Chicago mass shooting: 'Absolute chaos' Investigators were interviewing a person of interest in the East Essex Street homicide but no arrests have been announced, according to police. Elsewhere, two men were shot, one fatally, in the East Garfield Park neighborhood of Chicago around 11 a.m. on Saturday, according to police. The victims were standing outside on North Sawyer Avenue when a dark SUV approached them and a gunman exited the vehicle and opened fire, according to a police incident report. A 29-year-old man, whose name was not immediately released, was shot multiple times and taken to Mount Sinai Hospital where he was pronounced dead, according to police. The second victim, a 32-year-old man, suffered a gunshot wound to his right side and was in stable condition at Mount Sinai, police said. No arrests have been announced in the incident. Also on Saturday, gunfire erupted in the Altgeld Gardens neighborhood. Around 7:46 p.m., a 43-year-old woman was standing outside on E. 131st Street when five armed men approached her and opened fire, striking her multiple times, according to police. The victim, whose name was not immediately released, was taken to Christ Hospital where she was pronounced dead, police said. MORE: Murdered Congressional intern's mom says Trump should take over Washington, DC No arrests have been announced in the Altgeld Gardens homicide. Around 1:39 a.m. on Sunday, a 46-year-old man, whose name was not immediately released, was killed in a triple shooting that occurred in the Pilsen neighborhood of Chicago's Lower West Side, according to police. The victims were standing on West 17th Street when a gunman walked up to them and opened fire, police said. The two other victims, a 41-year-old man and a 43-year-old man, suffered gunshot wounds to their legs and were in good condition at Mount Sinai Hospital, police said. MORE: Trump sets sights on Chicago to make it 'safer,' seeks $2B to 'beautify' DC Around 2:52 a.m. on Sunday, a 33-year-old man was killed in the West Inglewood neighborhood on the Southwest Side of Chicago, police said. The victim got into a argument inside a residence with a man who shot him in the head, according to police. The victim, whose name was not immediately released, was pronounced dead at the scene, according to police. No arrests were announced. The violence continued Sunday night as police launched two more homicide investigations. A 26-year-old woman was fatally shot around 7:28 p.m. on Sunday in the Pullman neighborhood on Chicago's South Side after getting into a verbal altercation with another woman, police said. The victim, whose name was not released, was shot in the chest and taken to the University of Chicago Medical Center, where she was pronounced dead, according to police. No arrests have been announced. Also on Sunday night, police discovered a man lying on the ground suffering from multiple gunshot wounds in the Little Village neighborhood of southwest Chicago, police said. The victim, who was found on S. Drake Avenue, died at the scene, police said. No suspects have been identified. At least three additional shootings unfolded early Monday in the city, including one that left five people wounded, including a 17-year-old boy who was in critical condition after suffering multiple gunshot wounds, police said. Just after 1 a.m. on Monday, police were called to the Oakland neighborhood on the city's South Side for a report of a large disturbance on South Cottage Grove Avenue, according to a police incident report. Upon arrival, officers followed the sound of gunfire to an area where they found the five shooting victims and four discarded firearms, according to police. Besides the critically wounded teenager, police said the four other victims, ranging in age from 26 to 36, were taken to hospitals with non-life-threatening injuries. One person of interest was being questioned in the Oakland neighborhood shooting, but no charges have been announced. Around 11:20 a.m. on Monday, a 48-year-old man was shot in the West Elsdon neighborhood of southeast Chicago, according to police. The victim, who was taken to Mount Sinai Hospital in critical condition, was standing outside of a residence when a gunman approached him and opened fire, striking him multiple times in the abdomen, according to police. No arrests have been announced. The series of shootings came after President Donald Trump said last week that he is prepared to order National Guard troops to American cities in addition to those in the nation's capital, but that he wanted local officials to request his help. Trump threatened to make Chicago the next city he would target after he declared what he said was a public safety emergency in Washington, D.C., and heput the city's police force under federal controlon Aug. 11. Violent crime in Chicago has dropped significantly in the first half of the year, according to official data released by the city. Shootings are down 37% and homicides have dropped by 32% compared to the first half of 2024, while total violence crime dropped by over 22%, according to the crime statistics. "Do not come to Chicago, you are neither wanted here nor needed here," Pritzker further said in response to Trump during a news conference last week. "Donald Trump wants to use the military to occupy a U.S. city to punish its dissidents and score political points. If this were happening in any other country, we would have no trouble calling it what it is – a dangerous power-grab." ABC News Ahmad Hemingway contributed to this report.

54 shot, 7 dead, in Chicago amid Trump's threat to deploy National Guard

54 shot, 7 dead, in Chicago amid Trump's threat to deploy National Guard At least 54 people have been shot, seven fatally, across Chicag...
From Jackson to McKinley: What Trump's shift of presidential hero says about his evolving goalsNew Foto - From Jackson to McKinley: What Trump's shift of presidential hero says about his evolving goals

WASHINGTON (AP) — In his first term,Donald Trump'sfavorite president, other than himself, wasAndrew Jackson, the hatchet-faced, self-made populist who relished turning Washington upside down. Now he's partial to the barrel-chested, unfailingly politeWilliam McKinley, a champion of American expansionism as well as oftariffs,Donald Trump's favorite second-term policy. Trump's shift, rather than merely swapping one infatuation for another, demonstrates how his mindset and priorities have evolved. The Republican president's admiration for McKinley fits with his current politics, which are different from when Trump first took office in 2017. A key political target for Trump back then was the elites, which his administration predicted might crumble in the face of a Jackson-like working class uprising. In his secondinaugural address, Trump lauded McKinley as a "natural businessman" who "made our country very rich through tariffs and through talent." Trump used a Day 1 order torestore the name of North America's tallest peakto Mount McKinley and he has repeatedly named-checked the 25th president more recently, while hisweighty tariffshave left the world bracing for the kind of trade war not seen since the days of theMcKinley Tariff Act of 1890. Jackson has hardly warranted a mention. "In the first term, well, McKinley was a fat cat," said H.W. Brands, a history professor at the University of Texas and author of "Andrew Jackson: His Life and Times." "So, if you're going to be a populist, you're not going to be a McKinley." But Jackson, Brands noted, hated tariffs. "So, if tariffs are your thing, Andrew Jackson's not your guy anymore. You have to look around to find somebody whose name is connected to a tariff." The White House says the shift isn't a departure from Trump's first-term goals, but simply his leaning harder into new tools — in this case, tariffs — to achieve them. "President Trump has never wavered from his commitment to putting working-class Americans above special interests, and his channeling of President McKinley's tariffs agenda is indicative of how he is using every lever of executive power to deliver for the American people," said spokesman Kush Desai. Still, many of Trump's current top advisers are veterans of the financial sector eager to help the president bend the economic system to his will, rather than reshaping it from the bottom up. That's meant Trump focusing political ire on foreign countries and "globalists" who embraced international free trade. He wants to impose anew economic orderthat puts U.S. interests first, and has settled onsteep import taxesto get America's trading partners to negotiate more favorable deals — as the way to most efficiently do that. Trump's shifting economic priorities The president's Jacksonian impulses aren't all dormant. He imposed some first-term tariffs and now is shaking up Washington with his efforts toslash the federal workforceandstock the bureaucracywith loyalists. He's also prioritized antagonizing "elites" at Ivy League universities and top law firms. In his rhetoric, Trump also has mythologized the power of tariffs, despite history telling a different story. Tariffs in the McKinley era, which loosely tracked theGilded Age, led to more income for the federal government, but also a highly stratified society of haves and have-nots. But just as Jackson allowed first-term Trump — a magnate who had little in common with many working-class voters he wooed — to take up the mantle of modern populist, McKinley gives Trump an intellectual justification and historical precedent for his love of tariffs. "It's a vibe shift for sure," said Eric Rauchway, a history professor at the University of California, Davis, and author of "Murdering McKinley: The Making of Theodore Roosevelt's America." It's also an example of Trump taking policy actions to move the country in a certain direction — or simply declaring what he wants to be true — then working backward to come up with an argument on why his instincts were correct all along. "Trump's relationship to history, and so many other things, is entirely transactional," said Daniel Feller, a professor emeritus at the University of Tennessee and former longtime editor of "The Papers of Andrew Jackson." From the 'People's President' to the 'Napoleon of Protection' Jackson was the founder of the Democratic Party, though many on the left nowreject himfor being a slaveholder who imposed the "Trail of Tears" on Native Americans. Orphaned at 14, Jackson taught himself the law and eventually became wealthy. Yet he created a political persona around advocating for everyday Americans. Trump, during his first term, referred to Jackson as the "People's President." McKinley, who was assassinated in 1901, six months into his second term, was born in Niles, Ohio, outside Youngstown. He fought with the Union army and preferred throughout his political career to be called "Major," the Civil War honorary title he earned. As a congressman, McKinley was known as the "Napoleon of Protection" for promoting the 1890 Tariff Act, which sharply raised import taxes on thousands of goods in an effort to protect American producers when there was no federal income tax. It ultimately increased prices domestically, hurt U.S. exporters and helped spark the Panic of 1893, the worst economic downturn until the Great Depression. McKinley also represents a burst of American colonial expansion. He annexed Hawaii and oversaw the U.S. taking control of the Philippines. His administration also acquired new territories in Guam and Puerto Rico, established a military government in Cuba and sent troops to China. Today, Trump has talked about the U.S. invadingPanamaandGreenland, makingCanada the 51st stateandturning the Gaza Strip into the "Riviera" of the Middle East. In July, in comments aboutwhich of his predecessors got prime White House wall space, Trump mentioned "the Great Andrew Jackson." But he praised McKinley, saying that the U.S. "was the wealthiest" from 1870 to 1913, when it was "an all-tariff country." "We had a couple of presidents that were very, very strong," Trump told his Cabinet then. "McKinley, I guess, more than anybody." On social media last week, a Trump aide posted a picture of a new, gold-framed portrait in the West Wing featuring Trump alongside McKinley, Abraham Lincoln, Thomas Jefferson, and Henry Clay, over the title "The Tariff Men." Lincoln used high tariffs for Civil War funding, Jefferson was a free-trade advocate but supported some tariffs to bolster domestic industries. Clay, as House speaker, helped pass a major tariff act in 1824. Tariffs hurt Republicans in McKinley's day What Trump doesn't mention is that McKinley's tariffs helped cost the GOP its House majority in 1890, with McKinley himself among those defeated. He returned to Ohio, was elected governor and, despite going bankrupt over a bad investment in a tin plate company, won the White House in 1896. After that, though, Rauchway said, McKinley actually didn't push tariffs as much following his experience with them in Congress. Just before he was killed, McKinley also talked up the need for international trade. That didn't stop Trump, inannouncing sweeping tariffsaround the globe in April, from saying the U.S. had been "looted, pillaged, raped and plundered by nations near and far." His championing of tariffs isn't totally new. In his first term, Trump ordered some higherimport taxeson solar panels, washing machines and steel and aluminum imports. He also occasionally praised McKinley, then, as when he said in a 2019 speech that the 25th president "was very strong on protecting our assets, protecting our country." But Trump conceded in that same speech, "I'm totally off script." That's no longer the case. Trump continually promotes McKinley's place in history. "McKinley was a great president," Trump said during last month's Cabinet meeting. "Who never got credit."

From Jackson to McKinley: What Trump's shift of presidential hero says about his evolving goals

From Jackson to McKinley: What Trump's shift of presidential hero says about his evolving goals WASHINGTON (AP) — In his first term,Dona...
Joe Bugner, Boxer Who Fought Muhammad Ali, Dies at 75New Foto - Joe Bugner, Boxer Who Fought Muhammad Ali, Dies at 75

Terry Disney/Daily Express/Hulton Archive/Getty Former heavyweight boxer Joe Bugner died at age 75 at his home in Brisbane, Australia Bugner competed for 32 years, taking on legendary boxers like Muhammad Ali and Joe Frazier during his career One of his opponents, Frank Bruno, said the loss is a "sad day for boxing" Joe Bugner, a former heavyweight boxer, has died at age 75. TheBritish Boxing Board of Controlconfirmed Bugner's death in a statement on Monday, Sept 1. "It is with great sadness that the Former British, European, Commonwealth Heavyweight Champion and World Championship contender Joe Bugner has passed away at his care home in Brisbane, Australia," the board said, adding that it "passes on its condolences to Joe's family." Bugner was born in Hungary before relocating to England with his parents in 1956. He competed as a professional boxer for 32 years, taking on some of the sport's biggest names likeMuhammad Aliand Joe Frazier. PA Images via Getty Frank Warren, the legendary boxing promoter and manager who founded Queensberry Promotions, paid tribute to Bugner in a post onX. "Sad news to hear of the passing of Joe Bugner, former British, European and Commonwealth Champion, and a man who went the distance with both Muhammad Ali and Joe Frazier," Warren, 73, wrote. "He also participated in the first fight I did on ITV - a great man who will be missed," Warren continued. "I'm sending my regards to his family. May he rest in peace." In 1975, Bugner fought Ali for the heavyweight world title, where he was defeated in a 15-round unanimous decision in Kuala Lumpur, Malaysia. Bugner also fought legendary boxers Frank Bruno and Henry Cooper over the span of his career. In total, Bugner won 69 matches. Bruno, 63, reacted to the news of Bugner's passing in a Monday post onX. "RIP Joe Bugner just heard sad news of the passing of Joe we spent quite a bit of time together around the time of my fight with him he was a character and played Mr bad guy when we did the promotion for the fight," Bruno wrote. Never miss a story — sign up forPEOPLE's free daily newsletterto stay up-to-date on the best of what PEOPLE has to offer​​, from celebrity news to compelling human interest stories. "He had a long career and fought many great heavyweights including Muhammad Ali twice, Joe Frazier, Henry Cooper," he continued, noting, "sad day for boxing." According toThe Guardian, Bugner's life outside of boxing included golfing with celebrity palDean Martin. He also worked on several films, serving as an expert adviser onCinderella ManstarringRussell Croweand appearing in the 1994 movieStreet Fighter. Read the original article onPeople

Joe Bugner, Boxer Who Fought Muhammad Ali, Dies at 75

Joe Bugner, Boxer Who Fought Muhammad Ali, Dies at 75 Terry Disney/Daily Express/Hulton Archive/Getty Former heavyweight boxer Joe Bugner di...
FSU freshman linebacker Ethan Pritchard is in intensive care after shooting, school saysNew Foto - FSU freshman linebacker Ethan Pritchard is in intensive care after shooting, school says

TALLAHASSEE, Fla. (AP) — A Florida State linebacker is in critical but stable condition after being shot while visiting family, the Seminoles said Monday. Ethan Pritchard, a 6-foot-2, 224-pound freshman from Sanford, was in intensive care at a Tallahassee-area hospital. He was shot Sunday evening while inside a vehicle outside apartments in Havana, according to the Gadsden County Sheriff's Office. "The Pritchard family is thankful for the support from so many people, as well as the care from first responders and medical professionals, and asks that their privacy be respected at this time," FSU said in a statement. "Further updates will be provided as they are available." Pritchard did not play in Florida State's season opener, a31-17 victory Saturday over No. 8 Alabamain Tallahassee. ___ Get poll alerts and updates on the AP Top 25 throughout the season. Sign uphere. AP college football:https://apnews.com/hub/ap-top-25-college-football-pollandhttps://apnews.com/hub/college-football

FSU freshman linebacker Ethan Pritchard is in intensive care after shooting, school says

FSU freshman linebacker Ethan Pritchard is in intensive care after shooting, school says TALLAHASSEE, Fla. (AP) — A Florida State linebacker...

 

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