FBI Investigates Old Dominion University Shooting as Terrorism
The FBI is investigating a shooting at Old Dominion University in Virginia as an act of terrorism after Mohamed Bailor Jalloh, a 36-year-old former Army National Guard member, opened fire in an ROTC classroom, killing Army Lieutenant Colonel Brandon A. Shah and injuring two others. Jalloh, who had previously been convicted of providing material support to ISIS, was killed by students who intervened during the attack. The incident occurred shortly before 11 a.m., prompting a swift response from law enforcement.
Federal Reserve to Propose Changes to Bank Capital Requirements
The Federal Reserve, led by Vice Chair Michelle W. Bowman, announced plans to propose changes to capital requirements for major U.S. banks, aiming to eliminate duplicative regulations and better align capital standards with actual risks. This initiative, which will modify aspects of the Basel III framework, is intended to encourage banks to increase lending by reducing the amount of capital they must hold in reserve. The proposals are expected to be released next week.
US Senate fails to resolve DHS funding deadlock
The US Senate failed to resolve a funding deadlock for the Department of Homeland Security, with a vote of 51 to 46 on a bill that would have provided comprehensive funding for the agency. Democrats opposed the measure, demanding new restrictions on federal immigration officers, while Republicans criticized the piecemeal funding proposals aimed at specific agencies like the Transportation Security Administration. As a result, key operations within DHS remain unfunded, affecting thousands of employees who have not received pay since the shutdown began on February 14.
Cornyn Proposes Ending Filibuster for Elections Bill
Sen. John Cornyn, R-Texas, has proposed a vote to eliminate the Senate filibuster as discussions continue over the SAVE America Act, a significant elections bill that mandates proof of citizenship and photo ID for voting. Cornyn, who previously supported the 60-vote threshold, stated in an op-ed that he would back any necessary changes to Senate rules to pass the legislation, which has already cleared the House but faces opposition from Democrats. His comments come amid a competitive GOP runoff for his Senate seat and pressure from former President Donald Trump, who has prioritized the bill.
