Saturday, 24 January 2026
Rick Rieder, a BlackRock executive, is emerging as the leading candidate to chair the Federal Reserve, with a 48% chance of nomination according to prediction markets. President Donald Trump has praised Rieder's qualifications and ideas for overhauling the Fed, further boosting his candidacy. Rieder, who manages approximately $2.4 trillion in assets at BlackRock, was previously considered an underdog in the race.
The Senate has postponed its scheduled vote on government funding to Tuesday, January 26, due to an impending winter storm that threatens to disrupt travel and operations in Washington, D.C. With a January 30 deadline looming, the vote is critical to prevent a federal government shutdown, as the House-passed funding bills, including one for the Department of Homeland Security, await Senate approval.
The National Weather Service has issued warnings for a potentially historic winter storm expected to impact over 235 million Americans across 40 states, stretching more than 2,300 miles from Arizona to Maine. The storm, forecasted to deliver significant snowfall and freezing rain, is anticipated to begin affecting the Southern and Central Plains this Friday and continue through Monday, raising concerns about travel disruptions and power outages. Oklahoma authorities are monitoring for price gouging in natural gas, while FEMA has prepositioned essential supplies, including 30 generators and 250,000 meals, in preparation for the severe weather.
The US National Park Service began removing a slavery memorial at the President’s House in Philadelphia, following President Donald Trump's directive to dismantle exhibits that detailed the lives of nine individuals enslaved by George Washington. The removal, part of Trump's March 2025 executive order aimed at revising historical narratives, has prompted the city of Philadelphia to file a lawsuit seeking to restore the exhibits, arguing that the action constitutes an effort to whitewash American history.
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