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President Donald Trump has nominated Kevin Warsh to succeed Jerome Powell as Federal Reserve chair.
In response, Revolving Door Project Executive Director Jeff Hauser released the following statement:
“Kevin Warsh is a partisan opportunist whose stance on monetary policy would likely align with Donald Trump’s specific demands. It would be a monumental mistake to presume Warsh’s current support for lower interest rates reflects a true commitment to the Fed’s full employment mandate. Further, Warsh is like Trump, a zealot for financial deregulation—and it is critical to note that financial regulation is a key, yet often underrated, responsibility of the central bank. Warsh’s record suggests commitment to class and personal self-interest, not a broader dedication to an intellectually consistent view of the public interest.
“Indeed, Warsh embodies the corrupt self-dealing that defines the Trump administration. He is married to the daughter of Ronald Lauder, a billionaire heir to cosmetics tycoon Estée Lauder and longtime friend of Trump. In fact, Lauder is credited with convincing Trump in 2018 that he should ‘buy’ Greenland. As Trump ratcheted up his threats to forcefully seize Greenland, Lauder acquired business interests throughout the Danish territory. Lauder stands to benefit from the annexation of Greenland and is also part of a consortium seeking to exploit lithium deposits in war-torn Ukraine.
“A realistic conversation around this appointment would thus center financial regulation while highlighting concerns that cronyism may explain the selection more than either Warsh’s purported merit or supposed ideology.”
As the world's largest economy, the US provided nearly a quarter of the UN's funding. That is, until earlier this month, when Trump stripped hundreds of millions of dollars from dozens of treaties.
Weeks after President Donald Trump withdrew the US from dozens of United Nations organizations, the UN's chief warns that the UN is at risk of an "imminent financial collapse."
"The crisis is deepening, threatening program delivery and risking financial collapse. And the situation will deteriorate further in the near future," UN Secretary-General António Guterres wrote in a letter to ambassadors dated January 28, according to a Friday report from Reuters.
While he did not reference the United States explicitly, Guterres called out the fact that "decisions not to honor assessed contributions that finance a significant share of the approved regular budget have now been formally announced," which almost certainly referenced Trump's pullout from at least 66 international treaties earlier this month, including 31 within the UN system.
With the stroke of a pen, Trump reneged on the US commitment to the UN Framework Convention on Climate Change, which it has been part of for more than 30 years. He also took the US out of the UN International Law Commission, the UN Democracy Fund, UN Oceans, UN Women, and dozens of other global bodies, deeming them "contrary to the interests of the United States."
As the world's largest economy, the US was the largest source of funding for the UN, providing 22% of its regular and peacekeeping budgets as of 2025—about $820 million per year.
The largest single financial cut as a result of the US pullout was the termination of dozens of grants worth approximately $377 million for the UN Population Fund, which focuses on family planning and preventing maternal mortality and sexual violence in developing nations. The organization is estimated to have prevented 39,000 maternal deaths and 18 million unwanted pregnancies in 2024, according to an annual report.
Warning that cash could run out by July, Guterres said, “Either all member states honor their obligations to pay in full and on time–or member states must fundamentally overhaul our financial rules to prevent an imminent financial collapse."
"It is time for us to all stand up together in a nationwide shutdown and say enough is enough!"
Communities across the United States are protesting Immigration and Customs Enforcement and showing solidarity with its victims on Friday and into the weekend with small business closures, school walkouts, rallies, and other expressions of dissent as President Donald Trump's army of masked goons continues to terrorize American cities.
A map and schedule of actions nationwide—spurred by the killings of Alex Pretti and Renee Good, the detention of young children, and other horrors—can be viewed here.
Many of Friday's actions were organized by student groups in Minnesota—a flashpoint of Trump's assault on immigrant families and those protesting ICE abuses—and backed by organizations across the country, from the North Carolina Poor People's Campaign to the Boston Education Justice Alliance.
"The people of the Twin Cities have shown the way for the whole country—to stop ICE’s reign of terror, we need to SHUT IT DOWN," organizers said. "On Friday, January 30, join a nationwide day of no school, no work, and no shopping."
"The entire country is shocked and outraged at the brutal killings of Alex Pretti, Renee Good, Silverio Villegas González, and Keith Porter Jr. by federal agents," they continued. "Every day, ICE, Border Patrol, and other enforcers of Trump’s racist agenda are going into our communities to kidnap our neighbors and sow fear. It is time for us to all stand up together in a nationwide shutdown and say enough is enough!"
High school students are among those set to participate in Friday's mass demonstrations. The Sacramento Bee reported that students "planning a district-wide walkout Friday morning, joining a nationwide student effort to protest immigration enforcement following fatal shootings in Minneapolis."
"This is a peaceful walkout demonstration to show that the students in California’s capital do not stand with ICE,” Michael Heffron, a student organizer, told the local newspaper. “It’s also to show solidarity to those in Minnesota—the protesters who have been killed, those who have been injured for standing up for their own civil rights.”
Additionally, hundreds of businesses nationwide, including in Maine and Minnesota, are closing their doors Friday—or donating their proceeds for the day to groups that support immigrant communities—as part of the protest against ICE as federal agents continue their lawless rampage.
Speaking to reporters on Thursday, Trump said he is "not at all" pulling back ICE activities in Minnesota, even after the killings of Renee Good and Alex Pretti.
Friday's actions come amid a high-stakes fight over ICE reforms on Capitol Hill. On Thursday, Senate Democrats blocked an appropriations bill that included $10 billion for ICE, and the Democratic leadership reached a deal with the Trump White House to extend Department of Homeland Security funding at current levels—with no reforms—for two weeks while negotiations move forward.
Britt Jacovich, a spokesperson for MoveOn Civic Action, condemned the agreement, saying in a statement that "Leader Schumer should ask the Minnesotans who are watching their neighbors get killed in cold blood if a deal with no plan to stop ICE is enough right now.”
Friday's protests will be followed by more demonstrations on Saturday under the banner, "ICE Out of Everywhere."
“We are responding to people’s outrage. We’ve seen the Overton window shifting,” said Gloriann Sahay, a national coordinator with 50501, which organized Saturday's actions. “We’re seeing people from typically non-political spectrums get involved in this conversation and say: ‘This doesn’t feel like America.’”
"I don’t care what your political beliefs or leanings are, what journalism outlet you represent," said one fellow journalist, "this absolutely cannot stand."
Journalist Don Lemon was taken into custody by federal law enforcement agents on Friday morning in Los Angeles, the latest escalation against the free press by the Justice Department under the control of President Donald Trump and Attorney General Pam Bondi, both of whom have repeatedly targeted journalists for doing their jobs.
The former CNN anchor had been accused of misconduct by Trump following his coverage of an anti-ICE protest that took place inside a Minneapolis church on Jan. 18. While organizers and participants of that protest—aimed at the pastor of the congregation who is also a federal immigration enforcement official—chanted and disrupted the service, Lemon later interviewed the pastor and covered the events as they took place.
According to the Associated Press:
Lemon was taken into custody by federal agents in Los Angeles, where had been covering the Grammy Awards, his attorney Abbe Lowell said.
It is unclear what charge or charges Lemon is facing in the Jan. 18 protest. The arrest came after a magistrate judge last week rejected prosecutors’ initial bid to charge the journalist.
Lemon, who was fired from CNN in 2023, has said he has no affiliation to the organization that went into the church and that he was there as a journalist chronicling protesters.
Fellow journalists and free-press advocates swiftly came to Lemon's defense and condemned the Trump DOJ over the arrest.
"Reporters in America are free to view, document, and share information with the public. This arrest is a constitutional violation, an outrage, an authoritarian breach, and utterly appalling.” —Lisa Gilbert, Public Citizen
"They arrested Don Lemon. This is horrifying," said Jemele Hill, a staff writer with The Atlantic. "I don’t care what your political beliefs or leanings are, what journalism outlet you represent, this absolutely cannot stand."
Jim Acosta, Lemon's colleague when they both worked at CNN, also condemned the arrest and declared: "The First Amendment is under attack in America!"
“Don Lemon’s arrest is an egregious violation of the 1st amendment," said Lisa Gilbert, co-president of Public Citizen, in a statement. "Reporters in America are free to view, document, and share information with the public. This arrest is a constitutional violation, an outrage, an authoritarian breach, and utterly appalling.”
Prior to Lemon's arrest, a magistrate judge who reviewed the case against the journalist ruled it as insufficient to justify an arrest warrant. But that didn't stop the Justice Department from pursuing the case further.
The New York Times reports:
Mr. Lemon is scheduled to appear in federal court in Los Angeles on Friday morning. Now that he has been arrested, he is likely to challenge the prosecution’s case by arguing that he was not protesting, but rather covering the event as a journalist.
“Once the protest started in the church, we did an act of journalism, which was report on it and talk to the people involved, including the pastor, members of the church and members of the organization,” Mr. Lemon said in a recent video. “That’s it. That’s called journalism.”
“Don has been a journalist for 30 years, and his constitutionally protected work in Minneapolis was no different than what he has always done,” Lowell, Lemon's attorney, said in his statement. “The First Amendment exists to protect journalists whose role it is to shine light on the truth and hold those in power accountable.”
His attorney said Lemon "will fight these charges vigorously and thoroughly in court.”
Victor Ray, an associate professor of sociology at the University of Iowa, said, "I'm not a huge Don Lemon fan, but this is totalitarian nonsense meant to threaten anyone who reports on the regime's horrors."