A memorial dedicated to the 19 children and two adults murdered on May 24, 2022, during a mass shooting at Robb Elementary School is seen on January 6, 2026, in Uvalde, Texas. Brandon Bell/Getty Images
(UVALDE, Texas) — An attorney for former Uvalde, Texas, school police officer Adrian Gonzales brought a neon orange foam handgun to court on Monday as he tried to defend the police response to the Robb Elementary School mass shooting.
After stepping behind an eight-foot foam board, defense attorney Nico LaHood began his cross examination by asking the witness, a ranger with the Texas Department of Public Safety, “I’m going to point this — do you mind if I point this at you?”
LaHood proceeded to peek his fake weapon out of the foam board while asking the witness, Scott Swick, about the appropriate police response to a mass shooting.
“As a law enforcement officer, you should never rush into a situation without assessing it?” LaHood asked.
“To a point,” Swick said.
Prosecutors allege Gonzales, who is charged with child endangerment, did not follow his training and endangered the 19 students who died and an additional 10 surviving students. Gonzales has pleaded not guilty and his lawyers argue he is being unfairly blamed for a broader law-enforcement failure that day. It took 77 minutes before law enforcement mounted a counterassault to end the May 2022 rampage.
Another witness on Monday was Texas Ranger Terry Snyder, who testified about the shell casings recovered from the hallway of Robb Elementary.
During cross examination, defense attorney Gary Hillier tried to use the testimony to highlight the risk potentially faced by Gonzales.
“Because we’ve seen evidence here that rounds have been fired in this hallway, so anyone who enters through that doorway is entering a potentially life or death situation for them personally?” Hillier asked.
“Correct,” Snyder said.
Prosecutors attempted to recover from the cross examinations by highlighting the urgency of the police response to a mass shooting.
“So, when an officer hears shooting but can’t see shooting, what does the officer do?” prosecutor Bill Turner said.
“Runs to the shooting, where we tactically approach to where the shooting has occurred,” Snyder said.
Monday’s testimony was much more technical than last week’s, when the prosecution’s witnesses included educators who survived the massacre. Teacher Lynn Deming testified that she used her body to protect her fourth-grade students from gunfire and tried to keep them calm.
“I just kept saying, you know, like, ‘Babies, I love you. Just pray, I love you, OK,'” she testified as she held back tears. “I just wanted the last thing they heard was that somebody loved them. So, I think I said it a million times.”
Friday also brought the first testimony from a parent of a victim. Jennifer Garcia, whose 9-year-old daughter Eliahna Amyah Garcia was killed, told jurors, “We couldn’t find her. Kids were just running everywhere.”
According to former acting Dallas District Attorney Messina Madson, prosecutors appeared to be using their first witnesses to lay bare the tragedy that took place before turning their focus to Gonzales specifically.
“This is an unusual way to apply this law, and so from an overall point of view of what the district attorney’s office is trying to do is say this is a tragedy,” Madson, now a criminal defense attorney at MC Criminal Law, told ABC News. “This is a terrible, horrible thing that happened, and it is so horrible that not only do we have to mourn it, but somebody is criminally responsible, besides the person who pulled the trigger.”
According to Madson, prosecutors will need to clearly identify what opportunities Gonzales had to intervene and how close he was to the shooter to prove he “intentionally, knowingly, recklessly and with criminal negligence” placed students in harm’s way.
“It’s saying that somebody in those circumstances would have understood the risk and would have intervened and … you behaved in a way that was not how a reasonable person would in that situation,” Madson said.
ABC News’ Juan Renteria contributed to this report.
Lonnie G. Bunch III, 14th Secretary of the Smithsonian Institution, speaks onstage during the John and Lillian Miles Lewis Foundation 2025 Good Trouble Gala, May 29, 2025, in Atlanta. Paras Griffin/Getty Images
(WASHINGTON) — The Smithsonian Institution is facing a deadline to submit additional materials to the White House related to a review demanded by the Trump administration of the institution’s exhibitions, programming and internal governance.
According to a Dec. 18, 2025, letter from the White House addressed to Smithsonian Secretary Lonnie Bunch III, the Smithsonian Institution’s previous submission last fall “fell far short of what was requested, and the overwhelming majority of requested items remain outstanding.”
It is unclear which materials were submitted in September and which materials “remain outstanding.”
ABC News has reached out to the White House for comment. The Smithsonian declined to comment about the deadline.
The request for materials comes after the White House said in a letter addressed to Bunch last August that it plans to conduct a wide-ranging review of the Smithsonian’s museum exhibitions, materials and operations to ensure they align with President Donald Trump’s view of American history.
In response to the White House’s demand, Bunch said the institution would be conducting the review internally, a Smithsonian official confirmed to ABC News.
Following the internal review, a Smithsonian official said Bunch will brief the White House on its findings, but a formal report will not be sent to the White House, the Smithsonian official added.
A White House official told ABC News in September that the Smithsonian “cannot credibly audit itself.”
“The Smithsonian is not an autonomous institution, as 70% of its funding comes from taxpayers. While we acknowledge the Smithsonian’s recognition of its own programmatic failures and is moving toward critical introspection, it cannot credibly audit itself,” White House official Lindsey Halligan said. “By definition, an ‘audit’ must be neutral and objective. The American taxpayers deserve nothing less, which is why the White House will ensure the audit is conducted impartially. This is non-negotiable.”
The president signed an executive order on March 27, placing Vice President JD Vance in charge of supervising efforts to “remove improper ideology” from all areas of the Smithsonian and targeted funding for programs that advance “divisive narratives” and “improper ideology.”
The order — called “Restoring Truth and Sanity to American History” — directed Vance and Interior Department Secretary Doug Burgum to restore federal parks, monuments, memorials and statues “that have been improperly removed or changed in the last five years to perpetuate a false revision of history or improperly minimize or disparage certain historical figures or events.”
Bunch, who met with Trump at the White House on Aug. 28, referenced his conversations with Trump in a Sept. 3 letter to the institution’s employees, which was obtained by ABC News.
In the letter, Bunch told employees he underscored the independence of the Smithsonian, saying it was “paramount.” He also told employees that the institution remains committed to telling the “American story” and “will always be, a place that welcomes all Americans and the world.”
ABC News’ John Santucci, Hannah Demissie, Laura Romero and Michelle Stoddart contributed to this report.
Spencer and Monique Tepe are seen in this undated photo. (Courtesy Rob Misleh)
(COLUMBUS, Ohio) — A Chicago man accused of gunning down his ex-wife and her husband in their home has waived extradition and will be transferred from Illinois to Ohio to face charges.
Michael McKee is charged with premeditated aggravated murder for allegedly shooting and killing his ex-wife, Monique Tepe, and her husband, dentist Spencer Tepe, at their Columbus home on Dec. 30, according to police.
McKee, 39, wore a yellow jumpsuit as he made a brief first court appearance on Monday in Rockford, Illinois, where he was arrested on Saturday.
McKee did not enter a plea but assistant public defender Carie Poirier told the judge he intended to plead not guilty. A status hearing on his transfer to Ohio is scheduled for Jan. 19.
Police announced McKee’s arrest on Saturday after he was linked to a car seen on surveillance footage in the neighborhood, according to court documents.
McKee and Monique Tepe were married in 2015 and divorced in 2017, according to divorce records obtained by ABC Columbus affiliate WSYX. They did not have any children together, according to the records.
Spencer and Monique Tepe married in December 2020, according to their obituary.
They are survived by their two young children who were found safe inside the house after the Dec. 30 killings.
McKee’s arrest came one day before the scheduled celebration of life service for the couple.
“Today’s arrest represents an important step toward justice for Monique and Spencer,” the family said in a statement on Saturday. “Nothing can undo the devastating loss of two lives taken far too soon, but we are grateful to the City of Columbus Police Department, its investigators, and assisting law enforcement community. … As the case proceeds, we trust the justice system to hold the person responsible fully accountable.”
“Monique and Spencer remain at the center of our hearts, and we carry forward their love as we surround and protect the two children they leave behind,” the family said. “We will continue to honor their lives and the light they brought into this world.”
ABC News’ Matt Foster, Victoria Arancio and Nadine El-Bawab contributed to this report.
(WASHINGTON) — The Justice Department investigation into Federal Reserve Chairman Jerome Powell is drawing backlash from former Federal Reserve and Treasury officials as well as current members of Congress, including those in President Donald Trump’s own party.
A bipartisan group of top economic officials released a blistering statement on Monday calling the probe an “unprecedented attempt to use prosecutorial attacks to undermine” the central bank’s independence.
“This is how monetary policy is made in emerging markets with weak institutions, with highly negative consequences for inflation and the functioning of their economies more broadly. It has no place in the United States whose greatest strength is the rule of law, which is at the foundation of our economic success,” read the statement from Alan Greenspan, Ben Bernanke, Janet Yellen, Tim Geithner, Jacob Lew, Hank Paulson and others.
The investigation, announced by Powell in a rare video message on Sunday, is related to Powell’s testimony last June about the multi-year renovation of the Federal Reserve buildings in Washington. But Trump has made Powell a frequent target of his attacks and push to cut interest rates.
White House National Economic Council Director Kevin Hassett, who is on Trump’s short list to be the next Federal Reserve chair, said time will tell if the probe is a pretext for firing Powell over interest rates.
“Well, in the fullness of time, we’ll find out whether it looks like a pretext,” Hassett, who denied involvement in the probe, told CNBC in an appearance on Monday. “But right now, we’ve got a building that’s got, like, dramatic cost overruns and, you know, plans for the buildings that look inconsistent with the testimony. But, you know, again, I’m not a Justice Department person. I hope everything turns out OK.”
Republican Sen. Thom Tillis, who serves on the Senate Banking Committee, said he will oppose the confirmation of any Trump nominee to the Federal Reserve until legal matters concerning Powell are resolved, which could make it difficult for a nominee to advance out of committee.
“If there were any remaining doubt whether advisers within the Trump Administration are actively pushing to end the independence of the Federal Reserve, there should now be none. It is now the independence and credibility of the Department of Justice that are in question,” Tillis said in a statement on Sunday night.
Republican Sen. Lisa Murkowski, in a post on X on Monday, said Tillis is “right in blocking any Federal Reserve nominees.”
“After speaking with Chair Powell this morning, it’s clear the administration’s investigation is nothing more than an attempt at coercion. If the Department of Justice believes an investigation into Chair Powell is warranted based on project cost overruns — which are not unusual — then Congress needs to investigate the Department of Justice. The stakes are too high to look the other way: if the Federal Reserve loses its independence, the stability of our markets and the broader economy will suffer,” Murkowski posted on X.
House Financial Services Chairman Rep. French Hill, a Republican, said pursuing criminal charges against Powell is “an unnecessary distraction.” Sen. Kevin Cramer, another Republican on the Senate Banking Committee, said that he does not believe Powell is a criminal and that he hopes the criminal matter will soon be put to rest.
House Speaker Mike Johnson told reporters on Monday that “if the investigation is warranted, then they’ll have to play that out.” When pressed if he believed the probe is warranted, Johnson said, “I have not reviewed his testimony, so I am not sure, but that’s not really my lane.”
A spokesperson for Attorney General Pam Bondi said Bondi “has instructed her U.S. Attorneys to prioritize investigating any abuse of taxpayer dollars.” Powell said in his statement the probe was fueled by Trump’s monthslong pressure campaign on him to lower interest rates.
Sen. Elizabeth Warren, the top Democrat on the Senate Banking Committee, slammed Trump as a “wannabe dictator” over his campaign against Powell.
“Acting like the wannabe dictator he is, Trump is trying to push out the chairman of the Federal Reserve Board and complete his corrupt takeover of America’s central bank so that it serves his interests, along with his billionaire friends,” Warren said in a speech about the future of the Democratic Party ahead of 2028 at the National Press Club.
President Trump denied any involvement in the criminal probe during a brief interview with NBC News on Sunday night but continued his criticism of Powell’s leadership.
ABC News’ Lauren Peller contributed to this report.
Luis Nico-Moncada is seen in a photo released by Homeland Security, Jan. 9, 2026. (Department of Homeland Security/X)
(PORTLAND, Ore.) — The driver who was one of two people shot by a federal agent during immigration enforcement operations in Portland, Oregon, last week allegedly rammed his truck into an unoccupied U.S. Border Patrol vehicle prior to the shooting, according to a federal complaint unsealed on Monday.
Luis Nino-Moncada is charged with aggravated assault of a federal officer with a deadly or dangerous weapon and depredation of federal property in excess of $1,000, according to the federal complaint.
Border Patrol agents attempted to stop his Red Toyota Tacoma on Thursday while conducting a targeted enforcement operation focusing on his passenger, according to the complaint.
According to the complaint, Nino-Moncada appeared “anxious” and was moving around in the driver’s seat. After agents commanded them to exit, he allegedly put the vehicle in reverse and struck an unoccupied Border Patrol vehicle, causing “significant damage,” according to the complaint.
He then allegedly drove forward and backward multiple times, repeatedly hitting the federal vehicle, according to the complaint, which included several photos of the damaged car.
A Border Patrol agent then fired their service weapon twice at the driver of the truck, according to statements from Border Patrol agents, the complaint said.
Nino-Moncada and the woman fled the scene and agents did not know at the time whether anyone had been hit, according to the complaint.
Border Patrol agents did not pursue the vehicle after it fled, according to the complaint. Nino-Moncada shortly called 911 from an apartment complex several miles from the shooting scene requesting help and Portland Police and medical aid responded, police said.
During an FBI interview, Nino-Moncada allegedly admitted to intentionally ramming the Border Patrol vehicle and acknowledged he knew they were immigration enforcement vehicles, according to the complaint.
According to the complaint, there is no body-worn camera footage of the incident and no surveillance or social media video has been found.
Nino-Moncada and his passenger — identified by DHS as Yorlenys Betzabeth Zambrano-Contreras — remained hospitalized in stable condition, police said Friday.
Both allegedly have ties to the Tren de Aragua (TdA) gang, according to DHS and Portland police.
DHS alleged that Zambrano-Contreras, a Venezuelan national, is known to be involved with a TdA prostitution ring and was allegedly connected to a July shooting tied to a prostitution deal gone bad.
Nino-Moncada, who was previously ordered removed by a judge in Denver in 2024, allegedly drove the woman during her prostitution activities, according to the complaint.
“According to a newly unsealed complaint, Luis Nino-Moncada — an illegal alien in Portland, Oregon with ties to Tren de Aragua — is alleged to have repeatedly rammed a Border Patrol vehicle, threatening the lives of federal law enforcement officers,” Attorney General Pam Bondi said in a statement on X on Monday. “He should NEVER have been in our country to begin with, and we will ensure he NEVER walks free in America again.”
The incident in Portland came a day after an ICE officer shot and killed a woman in her car in Minneapolis, Minnesota, sparking outrage and backlash against the presence of federal agents there. Similarly, the mayor of Portland called for immigration enforcement operations to halt while the investigation is ongoing.
In the Minneapolis case, federal officials alleged the motorists tried to run over an agent, who fired defensive shots.
Peel Regional Police and the Alcohol, Tobacco and Firearms Bureau will announce details and arrests made concerning the theft of gold from Pearson International Airport in Toronto, April 17, 2024. Peel Regional Police
(TORONTO) — Authorities arrested one of the alleged masterminds in the biggest gold heist in Canadian history Monday morning as he landed at the same airport where the caper occurred in April 2023.
Arsalan Chaudhary was taken into custody at Toronto’s Pearson International Airport as he arrived on a flight from Dubai, police in Peel told ABC News. He is charged with theft over $5,000, two counts of possession of property obtained by crime and conspiracy to commit an indictable offense.
Chaudhary is one of the final suspects to be captured in the wide-ranging probe – dubbed “Project 24 Carat” — stemming from the theft of 6,600 gold bars worth nearly $15 million.
Peel investigators believe that Chaudhary was responsible for helping to move the gold after it was stolen. The precious metal has not been recovered and is thought to have been melted and moved to various buyers.
The theft is believed to have been an inside job, officials said. Still wanted is a former Air Canada employee thought to have played a critical role in the caper.
One of the suspects was arrested in 2024 in Pennsylvania.
In 2024, police seized $312,000 worth of cash, which they believe is some of the profits suspects made after selling the gold. Police also seized smelting pots, casts and molds, which they believe were used to change the composition of the gold bars, Peel Regional Police Detective Sgt. Mike Mavity said at an April 2024 press conference.
The gold and foreign currency stolen in the heist were ordered from a refinery in Zurich. They had been transported on an Air Canada flight to Toronto.
Shortly after the plane landed on April 17, 2023, the gold and cargo were transported from the plane to a cargo facility, Mavity said.
A suspect driving a five-ton truck arrived at the facility later that evening, providing a fraudulent airway bill to a cargo warehouse attendant and receiving the shipment. The airway bill was a duplicate of one used the previous day to pick up a shipment of seafood, Mavity said.
The container containing the gold and foreign currency was then loaded onto the truck and the suspect drove away. The container was discovered missing later that night after Brink’s Canada employees arrived to pick up the container, Mavity said.
Nurses hold signs during a strike over contract negotiations on January 11, 2022. (Fatih Aktas/Anadolu Agency via Getty Images)
(NEW YORK) — The largest nurses’ strike in New York City history began Monday morning after the nurses’ union and hospitals officials failed to reach a tentative settlement.
Nearly 15,000 nurses at Mount Sinai, Mount Sinai Morningside and West, Montefiore and NewYork-Presbyterian walked of the job, according to the New York State Nursing Association (NYSNA), the union representing the nurses.
“Unfortunately, greedy hospital executives have decided to put profits above safe patient care and force nurses out on strike when we would rather be at the bedsides of our patients,” Nancy Hagans, NYSNA’s president, said in a statement early Monday. “Hospital management refuses to address our most important issues — patient and nurse safety.”
Strike lines began at 6 a.m. ET on Monday at Mount Sinai, with 7 a.m. ET lines forming at Montefiore Bronx locations and NewYork-Presbyterian locations, according to NYSNA.
“Unfortunately, NYSNA decided to move forward with its strike while refusing to move on from its extreme economic demands, which we cannot agree to, but we are ready with 1,400 qualified and specialized nurses — and prepared to continue to provide safe patient care for as long as this strike lasts,” a Mount Sinai spokesperson said in a statement.
Mount Sinai said many of the nurses had already been integrated into units across their hospitals. The health system added that all hospitals and emergency departments will remain open, and most appointments are expected to proceed as originally scheduled.
In a letter to employees, Mount Sinai said its Clinical Command Center was helping hospitals determine which patients can be safely discharged, as well transferring patients between hospitals and rescheduling appointments, an employee with knowledge of the matter told ABC News.
The letter also stated that officials had discussed with the NYSNA the financial pressures facing health care and that Mount Sinai has a fixed budget that could be used for pay increases and benefits or to operate amidst a strike, according to the employee.
The NYSNA said it is calling for an agreement that includes pay hikes, improving safe staffing levels, full health care coverage and pensions, and workplace protections against violence. The union further said hospitals have threatened to cut health care benefits for frontline nurses and to roll back safe staffing standards that were won by nurses in a strike two years ago.
New York Gov. Kathy Hochul declared a state of emergency Friday in anticipation of a possible strike and appealed to the hospitals and nurses’ union to hammer out a last-minute deal, saying that a strike “could jeopardize the lives of thousands of New Yorkers and patients.”
“I’m strongly encouraging everyone to stay at the table, both sides, management and the nurses, until this is resolved,” Hochul said.
Several New York politicians, including Mayor Zohran Mamdani, have come out in support of the striking nurses. Mamdani on Monday called their fight a battle for dignity, fairness and the future of the city’s health care system and who benefits from it.
“There is no shortage of wealth in the health care industry,” Mamdani said. “The CEO of Montefiore made more than $16 million last year. The CEO of NewYork-Presbyterian made $26 million. But too many nurses can’t make ends meet.”
Mamdani also said nurses are not asking for millions, but for “pensions to be safeguarded, to be protected in their own workplace, and to receive the pay and health benefits they deserve.”
The mayor said the city is working to protect both patients and health care workers during the strike. He urged hospital executives and union leaders to return to the bargaining table immediately.
New York State Attorney General Letitia James also released a statement in support of the nurses, saying they often have to choose between patient well-being and their own well-being.
“As our state faces a historic flu surge, our communities are counting on New York’s hospitals for high-quality, reliable frontline care,” Jame said.Meanwhile, hospital management is threatening nurses’ health benefits, rolling back hard-won staffing protections, and doing too little to address workplace violence. I am proud to stand with New York’s nurses in calling on hospitals throughout this city to put patients over profits and ensure safe workplaces for our frontline health care workers.”
Hospital officials said they are prepared to continue offering care despite any pending work interruptions. They added that patients should not avoid or delay seeking help for any medical emergencies.
The NYSNA said during an video conference update Sunday morning that there was been no movement in the labor talks with the five hospitals.
The nurses’ contract, reached in 2023 after a three-day strike, expired on Dec. 31.
“We continue to bargain in good faith in the hopes of reaching an agreement that is fair, reasonable, and responsible,” a spokesperson for the Mount Sinai Healthcare system said in a statement on Saturday. “While we know a strike can be disruptive, we are prepared for a strike that could last an indefinite amount of time and have taken every step to best support our patients and employees in the event NYSNA forces our nurses to walk away from the bedside for the second time in three years.”
“NYSNA leadership’s reckless and irresponsible demands totaling $3.6 billion, including a nearly 40% wage increase, and taking issue with our reasonable measures like rolling out panic buttons for frontline staff in the Emergency Department, clearly put patients at risk,” Joe Solmonese, senior vice president of strategic communications for Montefiore Einstein hospital, said in a statement.
“We are preparing for what we anticipate could be a multi-week strike, and are resolute in devoting whatever resources are necessary to safe and seamless care for our community,” the statement continued.
The impasse between the NYSNA and management of the private New York City hospitals continued even as the union announced tentative settlements last week that diverted strikes at four so-called safety-net hospitals in the New York City area.
Nurses at three major Northwell Health hospitals on New York’s Long Island reached a tentative contract agreement on Thursday and called off a strike, according to the NYSNA. Nurses at Brooklyn Hospital Center and Wyckoff Heights Medical Center, and those who work for the BronxCare Health System, also rescinded strike notices when they reached a tentative contract, the NYSNA said.
“That leaves New York City’s wealthiest hospitals as the outliers who have refused to settle fair contracts that protect patients and nurses,” the NYSNA’s Hagans said in a video statement on Saturday.
“Instead of guaranteeing health care for nurses, these wealthy hospitals are pushing to cut health care benefits for nurses who put their own health on the line to care for New Yorkers during this historic flu surge, the COVID-19 pandemic and everyday injuries and hospital violence,” Hagans added.
Hagans pointed to a police-involved shooting last week at a Brooklyn hospital as the latest example of the violence hospital workers face.
On Thursday, a 62-year-old former NYPD officer, allegedly wielding a sharp object, was fatally shot by New York City police officers at New York-Presbyterian Brooklyn Methodist Hospital. The man, according to police, was shot after he allegedly barricaded himself in a room with an adult patient and a hospital security worker and threatened to hurt himself and others.
The NYSNA on Monday said those who need health care should still be able to get it.
“We want to be absolutely clear: If you are sick, please do not delay getting medical care, regardless of whether we are on strike,” the union said. “We invite you to come join us on the strike line after you’ve gotten the care you need. We are out here so we can provide better patient care to you!”
ABC News’ Rhiannon Ally, Ahmad Hemingway and Darren Reynolds contributed to this report.
Spencer and Monique Tepe are seen in this undated photo. (Courtesy Rob Misleh)
(COLUMBUS, Ohio) — A man is due in court on Monday for allegedly gunning down his ex-wife and her husband in their Ohio home and leaving their two young children alive, authorities said.
Dentist Spencer Tepe and his wife, Monique Tepe, were found shot to death on Dec. 30, according to Columbus police, and the mysterious case quickly garnered national intrigue.
McKee, a Chicago resident, was taken into custody in Illinois and is charged with premeditated aggravated murder, according to records.
McKee and Monique Tepe were married in 2015 and divorced in 2017, according to divorce records obtained by ABC Columbus affiliate WSYX. They did not have any children together, according to the records.
Spencer and Monique Tepe married in December 2020, according to their obituary.
The arrest came one day before the scheduled celebration of life service for the couple.
“Today’s arrest represents an important step toward justice for Monique and Spencer,” the family said in a statement. “Nothing can undo the devastating loss of two lives taken far too soon, but we are grateful to the City of Columbus Police Department, its investigators, and assisting law enforcement community. … As the case proceeds, we trust the justice system to hold the person responsible fully accountable.”
“Monique and Spencer remain at the center of our hearts, and we carry forward their love as we surround and protect the two children they leave behind,” the family said. “We will continue to honor their lives and the light they brought into this world.”
ABC News’ Matt Foster, Victoria Arancio and Nadine El-Bawab contributed to this report.
Money Cash Stocks Decline ( Anton Petrus/Getty Images)
(NEW YORK) — Stocks slid in early trading on Monday hours after reports that the Department of Justice had opened a criminal investigation into Federal Reserve Chair Jerome Powell centered on the central bank leader’s remarks to Congress about an office renovation project.
Powell, who was appointed by Trump in 2017, issued a rare video message rebuking the investigation as a politically motivated effort to influence the Fed’s interest rate policy.
The Dow Jones Industrial Average fell 290 points, or 0.6%, while the S&P 500 fell 0.4%. The tech-heavy Nasdaq declined 0.3%.
The selloff on Monday also appeared to include reaction to a social media post from President Donald Trump advocating for a 10% cap on credit card interest rates for one year. Shares of several major banks fell in early trading.
The DOJ’s criminal probe follows a a monthslong influence campaign undertaken by Trump as he has frequently slammed the Fed for what he considers a reluctance to significantly reduce interest rates.
The criminal probe appears to center on allegations of false remarks made by Powell about a renovation of the Fed’s headquarters during a congressional hearing in June.
Trump has repeatedly denounced Powell for alleged overspending tied to the central bank’s $2.5 billion renovation project. The Fed attributes spending overruns to unforeseen cost increases, saying that its building renovation will ultimately “reduce costs over time by allowing the Board to consolidate most of its operations,” according to the central bank’s website.
Federal law allows the president to remove the Fed chair for “cause” — though no president has ever done so. Powell’s term as chair is set to expire in May, but he can remain on the Fed’s policymaking board until 2028. Powell has not indicated whether he intends to remain on the board.
Luigi Mangione appears for a suppression of evidence hearing in the killing of UnitedHealthcare CEO Brian Thompson in Manhattan Criminal Court, December 18, 2025 in New York City. (Curtis Means-Pool/Getty Images)
(NEW YORK) — A federal judge on Monday changed her mind and decided there should be a hearing to determine whether Luigi Mangione’s backpack was lawfully seized and searched during his arrest in Altoona, Pennsylvania.
Judge Margaret Garnett said she considered “both the arguments made by counsel” during a hearing on Friday and “the seriousness of the charges the Defendant is facing” in deciding to hold the evidentiary hearing after previously saying a hearing was unnecessary.
The brief hearing should include testimony from an Altoona police officer about the department’s procedures for securing, safeguarding and inventorying the personal property of a person arrested in a public place, the judge said. She noted that the witness did not need to be one of the dozen officers involved in Mangione’s arrest.
Several Altoona officers testified during a three-week hearing in state court where Mangione is seeking to exclude evidence police seized from his backpack, including the alleged murder weapon, a notebook and writings.
Defense attorneys are also trying to eliminate those items from the federal case, which could result in a possible death sentence if Mangione is convicted. He has pleaded not guilty in both courts.
Mangione is accused of stalking and killing UnitedHealthcare chief executive Brian Thompson on a New York City sidewalk in 2024.
