The U.S. Senate on Tuesday confirmed Kevin Warsh to a 14-year term as Federal Reserve governor, marking an important step toward his succeeding Jerome Powell as the U.S. central bank’s next leader.
Thune Backs Senate Shutdown Pay Freeze
Senate Majority Leader John Thune, R-S.D., said Tuesday he supports legislation that would block senators from receiving paychecks during government shutdowns, calling the proposal “good