Oath narxiOATH

Today @NawrockiKn took the presidential oath before the National Assembly, formally assuming the office of President of the Republic of Poland.

U.S. House Representative Anna Paulina Luna filed criminal charges alleging Powell committed perjury twice U.S. House Representative Anna Paulina Luna filed criminal charges with the Department of Justice, claiming that Federal Reserve Chairman Powell committed perjury twice. Luna wrote in the letter: "On June 25, 2025, Powell testified under oath before the U.S. Senate Committee on Banking, Housing, and Urban Affairs regarding the renovation of the Federal Reserve's Eccles Building. In his statement, he made several major false statements," Luna also stated: "In addition, in a letter to Russell Vought, Director of the Office of Management and Budget (OMB), Powell stated that the change from $1.9 billion to $2.5 billion in the cost of the project was insignificant. However, documents reviewed by congressional investigators show that the scope and cost overruns of this project are not trivial in nature and substance." In addition to fines, perjury is punishable by up to 5 years in prison. (Fox News)

Federal Reserve Chair Jerome Powell faces intense scrutiny after accusations of lying to Congress about the scope of a planned $2.5 billion headquarters upgrade. Federal Housing Finance Administration Director Bill Pulte, the nation’s top mortgage regulator, has called for an immediate Congressional investigation into Powell. “I am asking Congress to investigate Chairman Jerome Powell, his political bias, and his deceptive Senate testimony, which is enough to be removed ‘for cause,’” Bill Pulte said. Powell had previously testified before the Senate that the project would not include luxurious features. He said, “There’s no VIP dining room, there’s no new marble. There are no special elevators […] There are no new water features, there’s no beehives, and there’s no roof terrace gardens.” However, official documents have revealed a starkly different picture. According to reports, the renovation costs have surged by 30% from the original $1.9 billion estimate. “The private dining rooms on Level 4 (of the Fed’s Eccles building) will be restored,” reads one excerpt from the filing with the National Capital Planning Commission. “The Governors’ private elevator will be extended to discharge at the dining suite level.” The documents also expressly mention vegetated roof terraces that will welcome urban wildlife and pollinators, and new marble and water features. This has reflected poor financial management within the Fed, which has sparked outrage and calls for accountability, with the project’s ballooning costs only adding fuel to the fire. Andrew T. Levin, a professor of economics at Dartmouth College who served as an economist and advisor to the Fed’s board from 1992 to 2012, has urged Congress to step in and punish Powell for lying to lawmakers. “A top Fed official cannot be permitted to make false statements under oath at a congressional hearing. Such statements must be promptly corrected, and in egregious cases, subject to censure by the Senate,” Andrew Levin said. In addition, Sen. Cynthia Lummis, a majority member of the Senate Banking Committee, said that Powell was clearly not prepared for his testimony and should be embarrassed. According to her, Powell made several factually inaccurate statements to the Committee regarding the Fed’s plush private dining room and elevator, skylights, water features, and roof terrace. She said, “This is typical of the mismanagement and ‘don’t bother me’ attitude that Chair Powell has always shown.” Sen. Tim Scott also called out Powell’s report as misleading and inaccurate. The move follows harsh public criticism of Powell from Pulte and his boss, President Donald Trump, over the Fed’s reluctance to lower its benchmark interest rate . Since December, the Federal Reserve has kept its main interest rate steady at 4.25% to 4.5%. Trump has called the Fed chair a “stupid person,” and Pulte used social media to accuse Powell of political bias and call for his retirement. The revelations come at a time when the Fed is struggling with mounting losses. They stand at $233 billion over the past three years. For this reason, Vice President JD Vance asked Powell to explain why he refused to lower interest rates when he could risk anything during Biden’s administration. However, Powell defended current interest rate levels, pointing to the Fed’s dual mandate of maximum employment and price stability. He said that political considerations can play no role in rate policy. KEY Difference Wire helps crypto brands break through and dominate headlines fast

Dear Cult of National Security, your oath was to defend the Constitution; it was not "keep us safe".

Trump’s reference above to a “crypto crackdown” likely centers on the Securities and Exchange Commission (SEC), which has pursued an aggressive string of enforcement actions following FTX’s collapse in 2022. Bent against noncompliance with securities laws among industry participants, SEC Chair Gary Gensler has become increasingly targeted by Trump, too. When Trump said he was “good” with crypto in May—signaling his shift from skeptic to defender—the former president presented himself as a foil to President Joe Biden and Gensler. Trump claimed the duo, along with other Democrats, “are very much against” crypto. The former president later vowed to “fire Gary Gensler” if reelected at a recent Bitcoin conference in Nashville—hands down garnering the loudest cheers during his speech. However, Gensler’s term is slated to run through 2026, and Trump does not have the authority to remove Gensler from his position without cause. “I pledge to the Bitcoin community that the day I take the oath of office, Joe Biden and Kamala Harris’ anti-crypto crusade will be over,” Trump vowed in Nashville. “It will end. It will be done.”