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Trump vows to ‘get to the bottom’ of Fed’s multibillion-dollar building renovation after probe shift
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A day after U.S. Attorney for the District of Columbia Jeanine Pirro announced she had directed her office to close its investigation into the Federal Reserve over a building project, President Donald Trump said he wants to know what happened.
«Well, I want to find out,» the president told reporters before boarding Air Force One at Palm Beach International Airport in Florida on Saturday, after a journalist asked if he agreed with Pirro’s decision.
«You know, it’s not dropped,» he continued. «They’re looking into the whole thing about the crisis. What I want, with the IG, what I want to look at is how can a building that I could have done for $25 million cost $4 billion? That’s a big thing.»
Trump also mentioned Federal Reserve Chair Jerome Powell, saying, «he was in charge.»
TRUMP ADMIN URGES RESTORING BALLROOM CONSTRUCTION IN EMERGENCY MOTION: ‘TIME IS OF THE ESSENCE’
President Donald Trump and Federal Reserve Chair Jerome Powell tour the Federal Reserve’s $2.5 billion headquarters renovation project in Washington, D.C., in July. (Chip Somodevilla/Getty Images)
«So we’ll get to the bottom of it,» he added. «Yeah, I think Jeanine is fantastic. And she worked with other people on that. I tell you, I want to find out, I have an obligation to find that — this was done during Biden, but I have an obligation to find out how does it — I would have done that building for $25 million and had money left over. And it would have been open a long time ago.»
The Fed had an approved budget of $2.46 billion for the renovations, but went over budget because of things like more asbestos than expected and costs going up during the course of the renovation, the Fed says on its website.
Pirro said Friday the Fed’s inspector general, Michael Horowitz, would take over the investigation, moving it from the hands of federal prosecutors into those of a longtime government watchdog.
TRUMP ADMINISTRATION’S FEDERAL RESERVE HQ PROBE ESCALATES WITH UNANNOUNCED SITE VISIT BY PROSECUTORS
U.S. Attorney Jeanine Pirro announced her office was closing the investigation into the Federal Reserve on Friday. (Nathan Howard/Reuters)
Powell was under investigation over statements he made to Congress related to the management of the renovation costs.
Powell revealed in a video announcement in January that the Department of Justice had opened an investigation into the Fed, calling it an unprecedented attempt to use «intimidation» to force him to lower interest rates.
In the lead-up to the investigation, Trump and Powell’s relationship had grown increasingly rocky, as Trump became frustrated over interest rates and began targeting Powell, whom he nominated in 2017. Trump called Powell a «fool» and demanded in March that he drop rates «immediately.»
Sen. Thom Tillis, R-N.C., who has a background in finance and sits on the Senate Banking Committee, had vowed to block Kevin Warsh’s confirmation because of the DOJ’s investigation, after Trump nominated Warsh to replace Powell, whose term was set to expire on May 15.
Tillis had claimed the DOJ’s investigation was political and would improperly interfere with markets, and he accused Pirro of seeking «brownie points» with Trump by opening it. «It’s not cute,» Tillis said during a television interview in February.
Federal Reserve Chair Jerome Powell in January claimed the investigation was political. (Chip Somodevilla/Getty Images)
During his confirmation hearing this week, Tillis told Warsh, who previously served on the Fed’s Board of Governors, that he had «extraordinary credentials» but that he could not vote to advance his nomination in the Senate until the DOJ ended its investigation.
Horowitz, who will now investigate the Fed building renovation costs, has drawn a mix of praise and criticism from Republicans while serving as DOJ inspector general for more than a decade. He was one of the few high-profile inspectors general spared during Trump’s historic cull of government watchdogs last year and has found allyship in key figures like House Judiciary Committee Chairman Jim Jordan, R-Ohio.
Pirro closing the investigation could pave the way for Warsh’s nomination.
Sen. Thom Tillis, R-N.C., says he couldn’t vote to advance Kevin Warsh’s nomination to head the Federal Reserve in the Senate until the DOJ ended its investigation. (Al Drago/Bloomberg)
Trump said he wanted to see the investigation through «for the country.»
«It’s much tougher, much more expensive to build a hotel than an office,» the president said, mentioning his Trump International Hotel in Washington, D.C., that he sold in 2022 and was renamed the Waldorf Astoria.
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He continued, «I want to find out how can a building of that size cost for whatever it’s going to be. Nobody knows, by the way, what it’s going to be. Kevin is going to be fantastic. Kevin Warsh, he may never get to be in that building.»
Trump told reporters that his nomination should now going smoothly, «but whether it is or not, somebody has to find out why that building that should have cost $25 million is costing billions of dollars. And you know why they have to find it out? For other buildings, because that’s not the only one. I think that’s the most egregious example.»
Fox News’ Ashley Oliver and Alex Nitzberg contributed to this report.
donald trump, federal reserve, costs, investigations, politics
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Spencer Pratt’s independent bid to make the Los Angeles mayoral runoff hangs in the balance nearly a week after Election Day.
With the jungle primary leaving incumbent Democrat Mayor Karen Bass already ruled to have advanced to a November runoff, Pratt’s margin over Democrat City Councilmember Nithya Raman has slimmed to just 1% with a few thousand ballots left to make up the difference.
Pratt led Raman by just 7,494 votes in the latest AP elections tally with 78% of the vote counted to date. Bass remained in first place with 235,180 votes (34.8%), while Pratt had 184,596 votes (27.3%) and Raman had 177,102 votes (26.2%).
Los Angeles County continues to count ballots postmarked on or before Election Day and received by Tuesday, June 9, drawing the attention of the Republican National Committee. The election results must only be counted within 30 days and certified by July 10.
CALIFORNIA’S SLUGGISH VOTE COUNTING RIPPED ACROSS THE POLITICAL SPECTRUM: ‘EXTREMELY EMBARRASSING’
Either independent Spencer Pratt or Democrat Nithya Raman will advance to a November runoff against incumbent Democrat Los Angeles Mayor Karen Bass. (HIGHFIVE/Bauer-Griffin/GC Images; Myung J. Chun / Los Angeles Times via Getty Images)
«The California primary ended on June 2, 2026; yet California is still counting ballots,» the RNC website tracker counting the seconds since polls closed reads.
«The state’s election system is a complete joke. The RNC is tracking every hour it takes California to finish the count.»
The latest ballot update gave Raman another boost, as she picked up 23,514 votes in the latest batch, more than double Pratt’s 10,336-vote gain. That cut Pratt’s lead by 13,178 votes in a single day and pushed the contest for second place into uncertain territory.
Pratt posted a meme to X decrying the ongoing ballot count in the race.
«Me trying to figure out how votes get counted in LA,» he wrote Saturday night.
Los Angeles Mayoral candidate Spencer Pratt had become a viral sensation with his campaign ads, but pundits now expect his upstart campaign to unseat a Democrat mayor is going to come to an end. (Highfive/Bauer-Griffin/GC Images)
Under California’s top-two primary system, if no candidate wins more than 50% of the votes, the two highest vote-getters advance to the general election. The AP reported that Bass advanced to the runoff after finishing first in the crowded mayoral primary, while Pratt and Raman continued battling for the remaining November spot.
Former House Speaker Kevin McCarthy, R-Calif., pointed to California Democrat Gov. Gavin Newsom when discussing the delayed results.
«The question to the rest of the world is what happened to California elections? Well, I’ll tell you, it’s Gavin Newsom,» McCarthy told Fox News’ «Sunday Morning Futures.» «When Gavin Newsom was elected governor of California, you knew who was elected in a day to two days. Now it takes more than weeks, almost a month.»
«Why did we get here?» McCarthy continued. «Gavin changed a number of election laws in which you want to see is what did he do and why did he cause it?»
WATCH: LEFT-WING LA MAYOR FACES REALITY TV CHALLENGER’S BLUNT TAKEDOWNS IN HEATED MAYORAL DEBATE
The slow count has drawn heightened attention because later-counted ballots have steadily cut into Pratt’s lead.
Longtime Democrat strategist Michael Trujillo told The California Post on Saturday that the trend pointed to a likely runoff appearance for Raman, calling the late ballot counting «normal» for California and telling critics to «go back to where you came from.»
«I was always a little jealous of east coast elections getting so much attention in the media and on this app, yeah nevermind,» he wrote on X. «The stupidity from these out of state analysts and reporters and the bots and fake accounts it brings to what is really a very NORMAL process happening in Los Angeles and California is annoying.
«Go back to where you came from, thanks.»
Los Angeles City Council member Nithya Raman might wind up No. 2 to fellow Democrat Mayor Karen Bass and advance to the November runoff. (Mel Melcon/Los Angeles Times via Getty Images)
SPENCER PRATT SEIZES ON HOMELESSNESS REMARKS BY KAREN BASS, BLASTS DEMOCRAT FOR FAILURES
Conservatives on X are decrying the probability of Pratt being shut out of the runoff.
«Spencer Pratt is likely going to be overtaken by far left Nithya Raman today,» Robby Starbuck wrote on X. «This graph shows the count on Election Day through last night. «Nithya did this by suddenly winning 1st in every new ballot drop.
«North Korean ‘elections’ have more self respect. Even they’d find it absurd for 3rd to suddenly jump to 1st place in every ballot drop DAYS after an election. It’s just ludicrous.»
That post also brought the attention of X owner Elon Musk.
«The reason ID is banned in California (and New York) elections is to enable large-scale fraud,» Musk claimed on X, replying to Starbuck’s post. «When you combine no ID and mail-in voting, fraud is de facto legalized.»
SCOTUS CONSERVATIVES SIGNAL READINESS TO CURB LATE-ARRIVING MAIL BALLOTS
Starbuck noted the historic run Raman’s count has made.
«ChatGPT can’t find a single example of a 3rd place candidate surging, days AFTER Election Day, to overtake 2nd place,» he wrote Sunday morning. «It couldn’t find 1 example in all of American history. That’s what’s happening with Nithya Raman & Spencer Pratt.
«Los Angeles has 3rd world country elections.»
Democrats merely point back to an overwhelming edge in registered Democrat voters versus Republicans, even if Pratt is running as an independent.
«IF SOMETHING CAN BE EXPLAINED BY A CONVOLUTED CONSPIRACY THEORY—OR SIMPLE MATH—THEN MATH ALWAYS WINS,» Rep. Ted Lieu, D-Calif., wrote on X. «LA Registered Voters. Approximate number of Dems: 1,224,737 Approximate number of Republicans: 326,292.»
RNC RAILS AGAINST CALIFORNIA’S LATE MAIL-IN BALLOT COUNTING AMID NATIONAL LITIGATION: ‘IT IS ABSURD’
Americans «want to see election integrity,» McCarthy told host Maria Bartiromo on Sunday.
«They want to see transparency and they want to see timely reporting: We had that in California,» McCarthy, a former Republican House member in the deep-blue state, said. «We were very liberal in the rules about absentee ballots, but we had accountability.»
«We had cut off voter registration 30 days before the election. That helps the registrars to know who’s going to vote and the candidates,» he continued. «Now we have same day voter, and you don’t have to show ID. Gavin changed the rules where he mails ballots to everyone. So he took away the choice to Californians to vote in person or to vote absentee. Everybody gets mailed a ballot. But he didn’t clean up the rolls. So that raises doubt in people’s minds.»
McCarthy noted Raman’s Election Night disappointment was originally telling.
«When you look at the LA mayor’s race, the third place person gave it like a concession speech that night and cried, and she was getting the most votes in the last drop,» McCarthy said. «So if she didn’t even believe that she could move up, that puts in question to the whole election itself. And that’s why it brings doubt to people.»
President Donald Trump had weighed in, too, with the RNC pointing to the pending Watson v. RNC Supreme Court decision on late ballot counting due soon.
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The Watson decision might come before the end of June.
«.@POTUS is right,» the RNC’s Election Integrity unit posted on X. «That’s why the RNC has boots on the ground and is fighting in the Supreme Court to stop ballots received after Election Day from being counted. MAKE ELECTIONS SECURE AGAIN!»
democrats elections, primary results, spencer pratt, california, independents
INTERNACIONAL
Seis lesionados, entre ellos un bebé, tras múltiples accidentes de tránsito en San Salvador
Una racha de accidentes de tránsito ha encendido las alarmas entre agentes policiales y socorristas en San Salvador, tras registrarse múltiples percances de forma simultánea. Durante las primeras horas del domingo se reportaron al menos seis lesionados, entre ellos el motorista de un microbús del transporte colectivo el cual quedó atrapado entre los hierros retorcidos y un menor de solo cuatro meses que viajaba en un vehículo particular.
En uno de los hechos principales, un bebé de cuatro meses resultó lesionado cuando un microbús de la ruta 29-A chocó con un vehículo sedan en la intersección de la 3.ª avenida Norte y 3.ª calle Poniente, en San Salvador. Según información preliminar, el microbús, placas MB 1-736, conducido por Mauricio Molina, de 34 años, habría colisionado contra el automóvil por exceso de velocidad.
El impacto dejó la unidad contra un poste y al motorista atrapado dentro del vehículo, por lo que fue necesario diferentes maniobras de rescate por parte de socorristas de Cruz Verde y Cruz Roja. Posteriormente, el conductor fue trasladado al Hospital Zacamil. Mientras en el sedán viajaban Sergio Alexander Cárcamo, una joven identificada como Katerin y Jhonatan Alexander, de cuatro meses, quienes sufrieron múltiples lesiones de distinta gravedad.
En otro percance ocurrido durante la madrugada, dos personas resultaron lesionadas en un accidente sobre el bulevar Venezuela, en el barrio Lourdes, San Salvador. El incidente se produjo cuando un vehículo particular invadió el carril contrario al adelantar en una curva. Esto provocó que el automóvil impactara contra varios vehículos estacionados en la zona.
Después del choque, el vehículo involucrado se incendió. Las personas afectadas recibieron atención inmediata por parte de socorristas de Cruz Verde, quienes después de estabilizarlos en la zona los trasladaron a un centro asistencial.
En un tercer hecho, dos hombres fueron atendidos por Comandos de Salvamento en un accidente registrado sobre la carretera que va de Sonsonate hacia San Salvador, cerca del desvío al Cerro Verde, en Izalco. Según la información disponible, un vehículo particular chocó contra otro automóvil que estaba estacionado al costado de la vía.
Uno de los involucrados sufrió una laceración en la cabeza y múltiples golpes en el cuerpo, mientras que el otro salió ileso. Ambos recibieron atención prehospitalaria en el lugar y no fue necesario trasladarlos a un centro asistencial.
El territorio salvadoreño enfrenta un aumento significativo en la frecuencia de accidentes de tránsito a nivel nacional. En lo que va de 2026, el Observatorio Nacional de Seguridad Vial ha registrado más de 10,000 accidentes. Entre el 1 de enero y el 6 de junio, la institución contabilizó 10,136 siniestros viales, cifra que supera los 8,883 casos reportados en el mismo periodo de 2025.
El incremento también se refleja en la cantidad de personas lesionadas. En los primeros meses de 2026, se han reportado 6,891 lesionados, 1,316 más que en 2025. Estos datos muestran tanto el aumento de los incidentes como su gravedad e impacto social.
corresponsal:Desde San Salvador, El Salvador
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Suspected Hamas terrorist arrested in Greece for allegedly plotting attack on Israeli cruise ship
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A suspected Hamas terrorist, reportedly granted asylum a year from the Gaza war, was arrested by Greek police for allegedly plotting an attack on an Israeli cruise line.
The Gaza man, 37, was arrested on the Greek island of Crete on Sunday for his alleged ties to one of four suspected Hamas terrorists previously arrested in Cyprus, having traveled with him to Malaysia, where they allegedly received training in making explosives from commercially available chemical agents.
The Israeli cruise ship MS Crown Iris was the believed target of the attack before it was scheduled to arrive in Crete on Tuesday. Police did not publicly identify the man or name a target in their initial statement.
Searches in homes in both Crete and the Greek capital, Athens, turned up a number of mobile phones, a laptop, external hard drives and bank cards, The Associated Press reported.
3 ALLEGED HAMAS MEMBERS ACCUSED OF PLOTTING AGAINST JEWISH INSTITUTIONS IN GERMANY
A Wednesday protest at the port of Piraeus near Athens, Greece, opposing the arrival of the Crown Iris cruise ship was a prelude to the arrest of a suspected Hamas terrorist who is alleged to have plotted an attack. (Costas Baltas/Anadolu)
The suspect, an electrician who has been reportedly living in Crete for the past year and working at a hotel there after being granted asylum, will appear before a magistrate later Sunday.
The suspected terrorist had placed an online order for what police said were «chemical agents» that could be used in the manufacture of explosives, according to the report.
State broadcaster ERT, cited by Israeli and Greek media, reported that police also found laboratory equipment.
TWO CONVICTED OF TERRORISM IN DENMARK FOR GRENADE ATTACK NEAR ISRAELI EMBASSY
The case appears to be part of a broader regional counterterrorism probe. Cypriot authorities arrested two Palestinians on May 22 after intelligence led investigators to materials in two residences that police said could be used to manufacture explosives. Two more Palestinian men were detained May 29 as part of the same investigation, according to Greek police.
The Crown Iris has become a recurring flashpoint at Greek ports amid anger over the war in Gaza. Protesters gathered near the ship when it docked in Piraeus on Wednesday, June 3, and demonstrations against the vessel have followed it at Greek ports since last year.
Protesters allege that Mano Maritime, the owner of the MS Crown Iris, is profiting from the Hamas-Israel war by selling tourist services to Israel Defense Forces soldiers during breaks from active duty.
In July 2025, Greek police used tear gas and made arrests as demonstrators tried to block the ship at Agios Nikolaos on Crete.
Greek security forces were forced to protect Israeli tourists traveling on buses to board the Israeli-owned cruise ship MS Crown Iris at the port of Piraeus in Athens on June 3, 2026. (Aggelos Nakkas/AFP)
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The investigation remains ongoing, and authorities have not announced formal charges against the suspect.
The Associated Press contributed to this report.
terrorism, cruises, counter terrorism, israel, hamas
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