Secretary Rubio discusses the Critical Minerals Ministerial (0:06), an initiative aimed at diversifying global supply chains for critical minerals (0:06-0:26). He emphasizes that the current concentration of these minerals in one country poses risks of geopolitical leverage and supply disruptions (0:52-1:07).
Key points of the ministerial and related initiatives include:
Goal: To establish reliable and diverse supply chains for critical minerals, essential for technological innovation, economic strength, and national security (1:11-1:18).
Economic Challenges: Foreign competitors often undercut prices through state subsidies and unfair practices, making it economically unviable for other countries to explore and process critical minerals (1:26-1:52).
U.S. Actions: The U.S. is leading by example with permitting reform for domestic critical mineral industries and creating demand through a strategic stockpile (2:09-2:26).
Global Response: The ministerial seeks to create a global forum and launched the Forge initiative (2:32-2:46) to address this challenge, with 55 partners and more expected to join (0:08-0:16).
Future Sessions: Upcoming sessions will cover a price floor mechanism to ensure economic viability for investments in these sectors (3:12-3:29) and showcase financing tools from various U.S. departments (3:31-3:41).
Bilateral Agreements: New critical minerals frameworks are expected to be signed with several partners (3:49-3:52), highlighting the billions of dollars the U.S. government has committed to this endeavor (3:57-4:03).
Secretary Rubio also addresses specific country roles and foreign policy matters:
Ukraine: Critical minerals are vital for Ukraine’s future economic prosperity and rebuilding efforts post-war (7:14-7:42).
Argentina: Recognized as a key partner in critical minerals due to its natural resources and expertise in processing (8:33-9:11).
Iran: The U.S. is open to engaging with Iran, but talks must include their ballistic missile program, sponsorship of terrorist organizations, nuclear program, and treatment of their own people (10:04-11:20).
Morocco: Plays a crucial role due to its critical mineral deposits and willingness to invest in processing, contributing to a diversified global supply network (15:08-16:01).
On January 30, 2026, President Donald J. Trump nominated Kevin Warsh, a former Federal Reserve Governor who navigated the 2008 financial crisis, to serve as the next Chairman of the Federal Reserve, succeeding Jerome Powell. Warsh brings extensive credentials, including degrees from Stanford and Harvard Law School, experience as a Morgan Stanley executive, and advisory roles in the Bush administration. The nomination has garnered widespread acclaim across political and financial spheres, with Republican senators such as Tim Scott, Lindsey Graham, and Bill Hagerty praising his deep monetary policy expertise, steady leadership, and potential to refocus the Fed on its core mandate of price stability and maximum employment while enhancing credibility and accountability. Business leaders including JPMorgan Chase CEO Jamie Dimon, U.S. Chamber of Commerce President Suzanne Clark, and financial organizations like the Mortgage Bankers Association and American Bankers Association highlighted his prudent approach, crisis management skills, and commitment to economic growth, stability, and innovation in a complex environment.
Wide Acclaim for President Trump’s Nomination of Kevin Warsh as Fed Chair
Today, President Donald J. Trump announced his nomination of Kevin Warsh to serve as Chairman of the Board of Governors of the Federal Reserve System. Mr. Warsh is exceptionally well-prepared to lead the world’s most influential central bank, with a distinguished background including degrees from Stanford University and Harvard Law School, prior roles as a Morgan Stanley executive and top economic advisor to the Bush Administration, and service as the youngest-ever Federal Reserve Governor — where he helped steer the institution through the 2008 financial crisis.
The nomination has drawn widespread praise from lawmakers, business leaders, financial experts, and industry voices across the spectrum:
Senate Committee on Banking, Housing, and Urban Affairs Chairman Tim Scott: “The Federal Reserve’s decisions touch every American household, from mortgage rates to retirement savings, and President Trump has been clear that bringing accountability and credibility to the Federal Reserve is a priority, and his nomination of Kevin Warsh reflects that focus. As a former Federal Reserve Governor, Kevin has deep knowledge of markets and monetary policy that will be essential in this role. Federal Reserve independence remains paramount, and I am confident Kevin will work to instill confidence and credibility in the Fed’s monetary policy. As Chairman of the Senate Banking Committee, I look forward to leading a thoughtful, timely confirmation process that carefully examines his vision for focusing the Federal Reserve on its core mission.”
Sen. Jim Banks: “Kevin Warsh is a brilliant pick by President Trump for Fed Chair. Clear from what he wrote in 2021 he understands scale of China’s ambitions. As member of Banking Committee I look forward to working with him to maintain American financial supremacy.”
Sen. Marsha Blackburn: “Kevin Warsh is exceptionally qualified to lead the Federal Reserve as Chairman. I look forward to supporting this nomination in the Senate, and I am confident Kevin will help foster economic growth and create more opportunity for hardworking Americans.”
Sen. Katie Britt: “Congratulations to Kevin Warsh on his nomination to serve as the next Chair of the Federal Reserve. Kevin brings a deep expertise and proven track record in monetary policy, including years at the Federal Reserve where he helped our nation navigate some of its most economically turbulent times. He is an exceptionally qualified candidate, and I look forward to supporting his nomination.”
Sen. Shelley Moore Capito: “@potus’ pick of Kevin Warsh to serve as @federalreserve Chairman is an excellent choice. I’ve had the [opportunity] to get to know Kevin over the years and know firsthand that he brings experience, steady leadership, and a clear understanding of the challenges facing our economy. I’m looking forward to working together.”
Sen. John Cornyn: “With decades of experience in finance & economics spanning government and the private sector, Kevin Warsh is eminently qualified to serve as Chairman of the @federalreserve. I trust with him at the helm, the Federal Reserve will help guide our nation on a path of historic prosperity & opportunity just as @POTUS has. I look forward to supporting Kevin in the Senate.”
Sen. Tom Cotton: “I commend President Trump nominating Kevin Warsh to become the next Chairman of the Federal Reserve. I look forward to working with him and President Trump to make life more affordable for Arkansans.”
Sen. Lindsey Graham: “Great pick, Mr. President. Kevin Warsh has the experience and judgment this important role demands, along with a strong combination of academic and real-world knowledge. I have every confidence that he is the right choice at the right time, and I will enthusiastically support his nomination.”
Sen. Bill Hagerty: “Congratulations to my friend Kevin Warsh on his nomination to be Chairman of the Federal Reserve. I have known Kevin for years and his exemplary record speaks for itself. No one is better suited to steer the Fed and refocus our central bank on its core statutory mandate. I look forward to voting for his confirmation in short order, and watching him succeed. An outstanding choice by @realDonaldTrump!”
Sen. Cynthia Lummis: “Now more than ever, we need a Federal Reserve that embraces digital assets and financial innovation, not one that shuns advancement. I applaud President Trump’s decision and look forward to hearing Kevin Warsh’s plans to undertake needed reforms to make the Fed more transparent and accountable to Congress.”
Sen. Roger Marshall: “Kevin Warsh is an outstanding choice by President @realDonaldTrump to serve as the next Fed chair. His experience and expertise are exactly what our country needs right now. Time to unleash the full strength of the American economy.”
Sen. Dave McCormick: “I applaud President Trump’s nomination of Kevin Warsh to be Chairman of the Federal Reserve. Kevin has been a friend and colleague to Dina and me for almost 30 years. He is exactly who we need to fulfill the Fed’s mandate of monetary policy that keeps inflation in check while unlocking growth, new jobs, and opportunity. Pennsylvanians can be confident that this choice will bring common sense and steady leadership to the Federal Reserve.”
Sen. Bernie Moreno: “Phenomenal choice by President Trump! Kevin Warsh is a brilliant mind who will restore independence to the Federal Reserve. Unlike Powell, Kevin will make decisions based on logic and not based on politics. I look forward to voting to confirm him as the next Chairman!”
Sen. Pete Ricketts: “Congrats to Kevin Warsh on his nomination to be the next chairman of the Federal Reserve. I look forward to speaking with him about his vision of the Fed on @BankingGOP in the near future.”
Sen. Rick Scott: “Kevin Warsh is a great pick from @POTUS as the next @FederalReserve Chair, and I’m excited to vote for his confirmation ASAP. The Fed has lost its way. I believe Kevin understands the need to reduce the balance sheet and rein in out-of-control spending at the Fed to help get our country back on track.”
Sen. Tommy Tuberville: “Congratulations to Kevin Warsh who will do a great job as the next Chairman of the Federal Reserve. The President made an excellent choice. Time to cut rates.”
Canadian Prime Minister Mark Carney: “Kevin Warsh is a fantastic choice to lead the world’s most important central bank at this crucial time.”
The Wall Street Journal Editorial Board: “Does Kevin Warsh know what he’s getting into as President Trump’s nominee to be the next Chairman of the Federal Reserve? Yes, he does, which is only one of the reasons he is the right choice for a central bank that needs reform after a generation of exceeding its proper monetary remit… This is President Trump’s best second-term appointment.”
Mortgage Bankers Association President and CEO Bob Broeksmit: “MBA congratulates Kevin Warsh on his nomination to serve as Chairman of the Federal Reserve. His prior service on the Federal Reserve Board, where he developed a reputation as a prudent, thoughtful voice on monetary policy, paired with his private sector experience, will be invaluable as he leads the Federal Reserve in what has become an increasingly challenging and complicated mission.”
U.S. Chamber of Commerce President and CEO Suzanne P. Clark: “Kevin is well known to the business community. We appreciate his years of focus on how we grow the American economy and maintain stable prices for America’s families, and look forward to his confirmation process.”
JPMorgan Chase CEO Jamie Dimon: “Kevin Warsh is a highly respected and experienced leader — across government, business and education — who I have seen act with integrity and a dedication to making our country better.”
Rene M. Kern Practice Professor at the Wharton School of the University of Pennsylvania Mohamed A. El-Erian: “Congratulations to Kevin Warsh on being nominated by President Donald Trump as the next Chair of the Federal Reserve, the world’s most powerful central bank. Having observed and interacted with Kevin during his prior tenure as Fed Governor, in academia, and as a fellow member of the Group of Thirty (G-30), I believe he brings a strong mix of deep expertise, broad experience, and sharp communication skills. His commitment to reforming and modernizing the Fed bodes well for enhancing policy effectiveness and protecting the institution’s political independence.”
Financial Services Forum President and CEO Amanda Eversole: “The Federal Reserve is critical to ensuring the economic success of our nation—Kevin Warsh is the right man for the job of chair. Warsh brings an unmatched wealth of experience and has a proven track record of guiding our nation’s economy through financial crisis and recovery. President Trump understands the need for strong leadership at the Federal Reserve to fulfill its dual mandate while modernizing the institution. The Forum applauds President Trump’s nomination and looks forward to working with Warsh to ensure our nation’s economic strength for the benefit of all Americans.”
National Economic Council Director Kevin Hassett: “President Trump made a great choice… I really have high regard for Kevin and we’re going to put every effort that we have into getting him confirmed as soon as possible so that we can get the Fed moving in the right direction.”
Consumer Bankers Association President and CEO Lindsey Johnson: “On behalf of America’s leading Main Street banks, we congratulate Kevin Warsh on his nomination to serve as Chair of the Federal Reserve. Mr. Warsh’s depth of expertise and understanding of the Federal Reserve’s dual mandate will be critical as the central bank navigates a complex economic environment and works to maintain stability, confidence, and long-term growth. We look forward to working with Mr. Warsh and policymakers to advance sound, predictable policies that support a strong economy, a resilient financial system, and broad access to credit for consumers and small businesses nationwide.”
American Bankers Association President and CEO Rob Nichols: “Congratulations to Kevin Warsh on his nomination to serve as the next chair of the Federal Reserve Board. In selecting Warsh, President Trump has chosen an experienced and tested policymaker who previously served at the Fed during one of its most challenging moments. Having worked alongside him in the Bush administration, I know he has a deep understanding of monetary policy, markets and the important role the nation’s banks play in the economy. We look forward to learning more about his current policy views during the confirmation process, and ultimately seeing a smooth transition in Fed leadership.”
Job Creators Network CEO Alfredo Ortiz: “Kevin Warsh is the perfect choice to lead the Federal Reserve. He has repeatedly demonstrated understanding of the true driver of inflation: excessive government money printing, not economic growth. Under his leadership, the Fed can finally reach its target inflation rate, something Chairman Powell has continually failed to do, while also expanding access to credit for small businesses. By protecting the value of the dollar, supporting economic growth, and boosting capital access, a Warsh chairmanship can backstop a booming small business economy. The Senate should quickly confirm him.”
Investment Company Institute President and CEO Eric J. Pan: “ICI offers our warm congratulations to Kevin Warsh on his selection to lead the Federal Reserve. Warsh’s wealth of experience in monetary policy and financial regulation, along with his deep understanding of the Federal Reserve’s dual mandate, will serve him well in this position. His unique background as a former Federal Reserve Governor, twinned with his experience in global financial markets, means he has a firm foundation from which to step into this leadership role. We commend President Trump for this outstanding nomination and look forward to working with Warsh to support the millions of American investors we serve.”
CRE Finance Council President and CEO Lisa Pendergast: “CREFC congratulates Kevin Warsh on his nomination to lead the Federal Reserve. As a former Federal Reserve Governor with deep experience in financial markets, Mr. Warsh brings valuable perspective at a critical moment for the U.S. economy. Federal Reserve policy has a direct and significant impact on commercial real estate finance, influencing interest rates, liquidity, and the availability of capital across CRE lending and securitization markets. Strong, transparent leadership at the Fed is essential to maintaining market stability and supporting economic growth. We look forward to engaging with Mr. Warsh and policymakers throughout the confirmation process and beyond to advance policies that promote a healthy, resilient commercial real estate finance system.”
Independent Community Bankers of America President and CEO Rebeca Romero Rainey: “ICBA and the nation’s community banks congratulate Kevin Warsh on his nomination to serve as chairman of the Federal Reserve Board. As a previous member of the Fed board, Warsh has demonstrated a clear understanding of the important role of community banks in the nation’s economy and the need for tiered regulations to support access to banking services in local communities. ICBA encourages policymakers in Washington to continue ongoing efforts to address excessive regulatory burdens on community banks and ensure a level regulatory playing field between banks and nonbank entities to support a secure environment for consumers and the financial system. We look forward to continuing to work closely with Warsh, the Trump administration, and the 119th Congress on these issues.”
Former Secretary of State Condoleezza Rice: “Congratulations to my close friend and trusted colleague of many years at Hoover on being nominated as the next Fed Chair. Kevin is a dedicated public servant with the intellect, experience, and judgment to lead the Federal Reserve. He understands the central bank’s key role for the United States and our allies around the world. We will benefit from his steady, principled leadership.”
Apollo Global Management Chief Economist Torsten Slok: “He will be really a great Fed Chair because the issue is that he understands the institution. He understands that this is a committee; there are 12 voting members. He absolutely also understands the importance of guiding the committee and figuring out the consensus opinion.”
UPS CEO Carol B. Tomé: “Since joining the UPS Board more than 13 years ago, Kevin Warsh has served as a trusted advisor and colleague. His deep financial markets knowledge, global economic insight, crisis management expertise, and sound judgment have made him an invaluable member of our Board. On behalf of our more than 400,000 employees, we celebrate his nomination and his willingness to serve our country in this key role.”
Chevron CEO Mike Wirth: “The energy sector stands at an inflection point. Energy abundance is a national imperative, AI leadership requires unprecedented power, and geopolitics are reshaping the energy map. Having known Kevin Warsh for decades, he’s uniquely prepared — in judgment, experience, and temperament — to serve our country at this critical time.”
House Majority Leader Steve Scalise: “Kevin Warsh is an excellent pick to serve as the next Chair of the Federal Reserve. His extensive experience makes him well qualified for the role and with Kevin as Chairman, I’m hopeful the Fed can help America’s economy continue to get back on track and restore accountability and greater trust in the institution.”
House Majority Whip Tom Emmer: “Kevin Warsh is another outstanding pick by @POTUS. I hope to sit down with him soon to discuss the importance of maintaining America’s status as the crypto capital of the world and look forward to his swift confirmation in the Senate.”
House Republican Conference Chairwoman Lisa McClain: “President Trump has made a great choice in nominating Kevin Warsh to lead the Federal Reserve! As a former Fed governor, Mr. Warsh has the right experience and deep market expertise. I look forward to his confirmation.”
Rep. Jodey Arrington: “Kevin Warsh is the right man for the job. Kevin is a longtime friend and former White House colleague—one of the smartest and most talented people I have ever served with. Kevin is a conservative economist, financial markets expert, and respected authority on fiscal, monetary, and economic policy. Kevin is a strong leader with deep convictions for free people, free markets, and fiscal responsibility. He has questioned the Fed’s recent failures, criticized the Fed’s overreach of the past, and rightfully admonished the Fed’s complicity in the explosion of our national debt. He has dedicated his career to serving our great country and advancing the principles that made America the most powerful and prosperous nation in human history.”
Rep. Andy Barr: “President Trump has hit another grand slam home run with his nomination of @kev_warsh to serve as the next Chairman of the Federal Reserve Board. Over the years, Kevin has advised me and other members of the @FinancialCmte on monetary policy, interest rates, the economy and the proper role of the Fed. His advice has always been thoughtful, insightful and well-supported. Kevin and I have also connected over the years through our mutual love for the great sport of thoroughbred horseracing. Kevin’s powerful intellect, deep experience as a former Fed Board Governor, and strong background in finance and academia will serve him well in this very important position. He will do great things. Congratulations, Kevin!”
Rep. Vince Fong: “I’d like to congratulate Stanford’s Hoover Distinguished Visiting Fellow Kevin Warsh on his nomination to serve as Chairman of the @federalreserve. A former Fed Governor, Kevin brings steady leadership, deep monetary policy experience, and a strong commitment to reform. @POTUS made a great choice — Kevin understands the challenges facing hardworking Americans and how to keep our economy strong.”
Rep. French Hill: “With his service as member of the Federal Reserve Board of Governors, combined with his decades of academic and financial market experience, Kevin Warsh brings a clear understanding of the responsibilities of the Fed, and I congratulate him on his nomination. He has demonstrated a commitment to fighting inflation and to keeping prices in check for American families and am pleased that President Trump put forward such a qualified nominee.”
Rep. Ashley Hinson: “Excellent news, Mr. President. Congratulations to Kevin Warsh on receiving this nomination to become the next Chairman of the Federal Reserve. Iowans will greatly benefit from his expertise and strong leadership. I look forward to seeing him bring the Federal Reserve back to its core mission to help usher in economic prosperity for all Americans.”
Rep. Bill Huizenga: “I have known and interacted with Kevin Warsh for years. He played a pivotal role in navigating our country through one of the greatest financial crises in our lifetime. Kevin is incredibly qualified and immediately provides credibility as well as stability to this important role.”
Rep. Mike Lawler: “Congratulations to New York native Kevin Warsh on being appointed as Fed Chair! He will do a phenomenal job! Having served on the Federal Reserve under President Bush and at the height of the financial collapse in 2008, he is well prepared to handle these challenging times.”
Rep. Frank Lucas: “Kevin Warsh is the right pick for Fed Chair. Having previously served on the Federal Reserve’s Board of Governors, Mr. Warsh has seen firsthand how to build consensus during times of crisis, both at the Board and the FOMC. As an expert economist, Mr. Warsh will work well with Vice Chair Bowman on the work she’s already begun in right-sizing bank regulation and ensuring capital access across the country. Mr. Warsh’s work at the Fed, in the private sector, and in the executive branch, make him more than qualified to lead the Board as our banking industry undergoes tremendous innovation. As Chairman of the Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity, I look forward to working alongside him to bolster the American economy.”
Rep. Dan Meuser: “@POTUS made an excellent choice in Kevin Warsh to lead the @federalreserve, after months of vetting incredible candidates including Kevin Hassett, Chris Waller, and Rick Rieder. Warsh is a serious, credible choice who understands the magnitude of the job ahead — Fed policy directly affects mortgage rates, borrowing costs, and the price of everyday goods. President Trump has been clear about his priorities: lowering costs, fighting inflation, and restoring affordability, especially in the housing market. Kevin Warsh shares that focus and understands that you don’t fix the economy by crushing it. You restore stability with disciplined monetary policy that supports growth rather than working against it. With experience at the Fed, in the White House, and in the private sector, Kevin Warsh understands how monetary policy impacts real people, real businesses, and long-term economic strength. The Senate should move quickly to confirm him so the Fed can refocus on its core mission and focus on helping our economy grow to the benefit of all Americans.”
Rep. María Elvira Salazar: “Congratulations to my friend @kev_warsh on his appointment as Chairman of the Federal Reserve. Kevin is exceptionally qualified, experienced, and respected, and I am confident his leadership will strengthen our economy and restore trust in our financial system.”
Rep. Jason Smith: “I congratulate my friend, Kevin Warsh, being nominated to be the next Chairman of the Federal Reserve. Kevin has extensive experience with monetary policy, and I have no doubt that President Trump’s great selection will understand the struggles of hardworking Americans and implement policies to ensure our economy is working for them.”
Rep. Elise Stefanik: “This is a very smart nomination by President Trump of Kevin Warsh as Fed Chair. Kevin is a longtime friend and he is a fellow Upstate NY native. He is exactly the right leader at this time to right the ship at the Fed and get our economy back on track for the hardworking families and small businesses across America.”
Rep. Marlin Stutzman: “Kevin Warsh’s nomination as Fed Chair is a PIVOTAL step to unleashing the America First economy. He has decades of market experience, and has already demonstrated his commitment to FIGHTING inflation and keeping prices in check for American families. @POTUS has picked an extremely qualified nominee!”
Rep. Ann Wagner: “Kevin Warsh is fully qualified to serve as Chairman of the Federal Reserve, and his decades of experience will serve him well as he works to ensure American families have confidence in a stable economy. President Trump made an excellent decision to nominate Kevin, and I know he will be a thoughtful steward of his responsibilities as Chair as we all work to fight inflation and support strong economic growth for our nation.”
Rep. Roger Williams: “Congratulations to Kevin Warsh on his nomination to serve as Federal Reserve Chair. As a Member of the @FinancialCmte and Chairman of @HouseSmallBiz, I look forward to working together to advance policies that strengthen economic opportunity for every American.”
In this video, President Trump leads a Cabinet Meeting, highlighting his administration’s achievements and plans for the second year in office.
Key topics covered include:
Economic Growth : Trump emphasizes unprecedented economic growth, record-setting numbers, and a 5.4% GDP growth in the fourth quarter despite a “Democrat shutdown,” which he claims hindered a potential 7% growth. The S&P 500 hitting 7,000 for the first time and the Dow hitting record highs 52 times are cited as evidence of a booming stock market, adding $9 trillion to savings and retirement accounts.
Investments and Job Creation : The President states that $18 trillion in investments have flowed into the country in less than a year, leading to thousands of new businesses, plants, and equipment being built. He contrasts this with the Biden administration’s reported less than $1 trillion in investments over four years.
Inflation and Affordability : Trump discusses efforts to combat inflation, claiming that growth in real incomes is outpacing inflation by over $3,000 under his administration, contrasting it with a $34,000 cost to typical families under “Biden inflation.” He highlights falling gasoline prices (below $2 in many areas), decreasing grocery prices, airfares, hotels, car payments, and rent. He also claims his administration inherited the highest inflation in 48 years.
Tax Cuts : Millions of Americans are expected to receive record-setting tax refunds, with an average refund over $1,000 higher than ever before, thanks to the administration’s tax cuts. He contrasts this with the Democrats’ proposal for the “largest tax hike ever.” He also mentions no tax on overtime, tips, or social security, and a new interest deduction for car loans.
US Manufacturing and Tariffs : Trump attributes the return of car companies and manufacturing plants to the US from Mexico, Canada, Japan, and Germany to tariffs, which companies want to avoid paying. He highlights that for the first time in 26 years, the US produced more steel than Japan, directly linking this achievement to tariffs.
Drug Prices : The administration aims to bring down prescription drug prices by 80-90% through a “most favored nation” policy, where the US will pay the lowest price for drugs globally. This policy was achieved by threatening tariffs on other imported goods.
Foreign Policy and Hostage Release : The President discusses progress in the Middle East, including securing the release of the last hostage. He credits Hamas for assisting in the return of both living and deceased hostages. He also touches on efforts to demilitarize terrorists and establish an “all-Arab government.”
Russia-Ukraine Conflict : Steve Witkoff details progress made in peace talks between Russia and Ukraine since Geneva, including a largely finished security protocol and prosperity agreement. Trump personally requested President Putin to halt firing on Ukrainian cities for a week due to extreme cold, which Putin agreed to.
Trump Accounts and Future Economic Outlook : Scott Bessent highlights the success of “Trump Accounts,” with a million sign-ups in a week, and predicts 25 million eligible families. He anticipates a “Trump boom” in 2026, driven by supply-side policies, wage gains, and low prices. He also reiterates the positive impact of tariffs on US manufacturing and investments.
In a new segment, conservative commentator Benny Johnson argues that America’s biggest sports leagues are paying a price for turning marquee moments into political flashpoints. He points to recent viewership softness in the NFL and NBA and claims fans are increasingly rejecting what he frames as “message-first” programming—especially around the Super Bowl halftime show.
The video centers on Bad Bunny’s upcoming Super Bowl LX halftime performance (February 8, 2026, Levi’s Stadium) and a wave of online backlash tied to rumors about a provocative wardrobe choice and an LGBTQ-themed tribute—claims Johnson attributes to entertainment reporting and “inside sources,” while urging viewers to see the controversy as part of a broader cultural campaign. Separately, he highlights conservative responses and boycott talk, including discussion of federal security and immigration enforcement at the event.
Why it matters: The episode captures a widening debate about whether leagues should keep major broadcasts strictly entertainment-focused—or continue leaning into cultural and political messaging, even at the risk of alienating parts of the audience. Bad Bunny’s selection as headliner is confirmed by the NFL, but specific outfit details and the most sensational allegations remain unverified in official statements.
Mayor Zohran Mamdani addressed a fatal Bronx fire and detailed extensive city-wide preparations for an incoming winter storm, including snow removal, cold weather protocols, and public safety advisories for residents to stay indoors.
Mayor Zohran Mamdani held a press conference on January 24, 2026, to discuss two main topics: a tragic fire in the Bronx and the city’s preparations for an upcoming winter storm.
The mayor first addressed a four-alarm fire in Eastchester, Bronx, which resulted in 15 injuries and one fatality (0:21-0:47). He thanked the FDNY and other city agencies for their immediate response and confirmed that utilities in the affected building were shut down, with all 148 apartments vacated (1:21-1:26). A reception center was opened at a nearby school, and the Red Cross is assisting displaced residents (1:27-1:32). An investigation into the fire’s cause is ongoing (2:01-2:06).
Following this, the mayor detailed the city’s winter storm preparations:
Snowfall and conditions: Snow is expected to begin late Sunday evening, intensifying around 5:00 a.m. Monday (2:32-2:42). Heavy snowfall is anticipated in the late morning and early afternoon, with low visibility and winds up to 35 mph, creating near-blizzard conditions (2:53-3:08). The snow is expected to turn to sleet by Sunday evening and clear by early Monday morning (3:09-3:20).
Expected accumulation and cold temperatures: The city anticipates at least 8 to 9 inches of snow, along with a prolonged period of frigid temperatures, possibly the coldest in 8 years (3:22-3:42).
City agency preparations: Various agencies have undertaken extensive measures:
DSNY has brined highways and major roadways (3:59-4:02), and over 2,000 workers will staff 12-hour shifts, deploying more than 700 salt spreaders and 2,300 plow vehicles (6:36-6:51).
Public schools have prepared for remote learning (4:05-4:11) and conducted pressure testing for virtual operations (4:14-4:22). A decision on Monday’s school status will be announced by 12:00 p.m. tomorrow (15:02-15:13).
NYCHA increased staffing for weather-related repairs (4:23-4:26).
Parks workers pre-salted parks (4:27-4:28).
FDNY increased firefighters per engine company and is operating under enhanced readiness (4:30-4:37).
MTA activated its incident command system and emergency operations center (4:37-4:43).
NYC Emergency Management activated its winter weather plan and held daily coordination calls (4:45-4:57). They also used 311 reports from past storms to address previous service shortcomings (4:59-5:14).
Homeless services and public safety: A “Code Blue” is in effect, ensuring homeless New Yorkers have access to shelter beds (5:37-6:01). 311 calls for warmth access will be rerouted to 911 during this period (6:15-6:22).
Travel advisory: A hazardous travel advisory will be in effect on Sunday and Monday. New Yorkers are urged to avoid driving and unnecessary travel (9:00-9:12) and to stay indoors (9:16-9:23).
Suspended services: City bike service will be suspended starting 12:00 p.m. tomorrow (8:13-8:17), and early voting for tomorrow and Monday has been suspended by the State Board of Elections (8:17-8:22). New Yorkers are encouraged to sign up for Notify NYC alerts (8:23-8:38).
The mayor expressed gratitude to the city’s workers for their tireless efforts in preparing for the storm and for their ongoing commitment to keeping the city safe (10:11-10:22, 13:36-14:36). He emphasized that every New Yorker will receive the same level of service regardless of their zip code or neighborhood (11:03-11:11).
The White House said President Donald J. Trump welcomed the formation of the National Committee for the Administration of Gaza (NCAG) as a key step in Phase Two of his 20-point “Comprehensive Plan to End the Gaza Conflict,” with NCAG leader Dr. Ali Sha’ath tasked with restoring public services, rebuilding civil institutions, stabilizing daily life, and laying the groundwork for self-sustaining governance. The statement claims the framework aligns with U.N. Security Council Resolution 2803 (2025) and is overseen by a “Board of Peace” chaired by Trump, supported by a founding Executive Board—named as Secretary Marco Rubio, Steve Witkoff, Jared Kushner, Sir Tony Blair, Marc Rowan, Ajay Banga, and Robert Gabriel—plus senior advisors Aryeh Lightstone and Josh Gruenbaum for day-to-day execution. It also names Nickolay Mladenov as High Representative for Gaza to coordinate between the Board and NCAG, appoints Major General Jasper Jeffers to command an International Stabilization Force to support security, demilitarization, and aid delivery, and establishes a Gaza Executive Board (including Witkoff, Kushner, Turkey’s Minister Hakan Fidan, Sir Tony Blair, Marc Rowan, Minister Reem Al-Hashimy, Sigrid Kaag, and others) to assist governance and service delivery, with additional members to be announced in the coming weeks.
Statement on President Trump’s Comprehensive Plan to End the Gaza Conflict
Yesterday, President Donald J. Trump congratulated the formation of the National Committee for the Administration of Gaza (NCAG), a vital step forward in implementing Phase Two of his Comprehensive Plan to End the Gaza Conflict—a 20-point roadmap for lasting peace, stability, reconstruction, and prosperity in the region.
The NCAG will be led by Dr. Ali Sha’ath, a widely respected technocratic leader who will oversee the restoration of core public services, the rebuilding of civil institutions, and the stabilization of daily life in Gaza, while laying the foundation for long-term, self-sustaining governance. Dr. Sha’ath brings deep experience in public administration, economic development, and international engagement, and is widely respected for his pragmatic, technocratic leadership and understanding of Gaza’s institutional realities.
This milestone perfectly aligns with United Nations Security Council Resolution 2803 (2025), which endorsed President Trump’s Comprehensive Plan and welcomed the establishment of the Board of Peace. The Board of Peace will play an essential role in fulfilling all 20 points of the President’s plan, providing strategic oversight, mobilizing international resources, and ensuring accountability as Gaza transitions from conflict to peace and development.
To operationalize the Board of Peace’s vision—under the chairmanship of President Donald J. Trump—a founding Executive Board has been formed, composed of leaders with experience across diplomacy, development, infrastructure, and economic strategy. The appointed members are:
Secretary Marco Rubio
Steve Witkoff
Jared Kushner
Sir Tony Blair
Marc Rowan
Ajay Banga
Robert Gabriel
Each Executive Board member will oversee a defined portfolio critical to Gaza’s stabilization and long-term success, including, but not limited to, governance capacity-building, regional relations, reconstruction, investment attraction, large-scale funding, and capital mobilization.
In support of this operating model, the Chairman has appointed Aryeh Lightstone and Josh Gruenbaum as senior advisors to the Board of Peace, charged with leading day-to-day strategy and operations, and translating the Board’s mandate and diplomatic priorities into disciplined execution.
H.E. Nickolay Mladenov, an Executive Board member, will serve as the High Representative for Gaza. In this capacity, he will act as the on-the-ground link between the Board of Peace and the NCAG. He will support the Board’s oversight of all aspects of Gaza’s governance, reconstruction, and development, while ensuring coordination across civilian and security pillars.
To establish security, preserve peace, and establish a durable terror-free environment, Major General Jasper Jeffers has been appointed Commander of the International Stabilization Force (ISF), where he will lead security operations, support comprehensive demilitarization, and enable the safe delivery of humanitarian aid and reconstruction materials.
In support of the Office of the High Representative and the NCAG, a Gaza Executive Board is being established. The Board will help support effective governance and the delivery of best-in-class services that advance peace, stability, and prosperity for the people of Gaza. The appointed members are:
Steve Witkoff
Jared Kushner
Minister Hakan Fidan
Ali Al-Thawadi
General Hassan Rashad
Sir Tony Blair
Marc Rowan
Minister Reem Al-Hashimy
Nickolay Mladenov
Yakir Gabay
Sigrid Kaag
The United States remains fully committed to supporting this transitional framework, working in close partnership with Israel, key Arab nations, and the international community to achieve the objectives of the Comprehensive Plan. The President calls on all parties to cooperate fully with the NCAG, the Board of Peace, and the International Stabilization Force to ensure the swift and successful implementation of the Comprehensive Plan.
Additional Executive Board and Gaza Executive Board members will be announced over the coming weeks.
The U.S. Department of Justice has sued Illinois Governor J.B. Pritzker and Attorney General Kwame Raoul in federal court, arguing that a pair of Illinois immigration-related laws unlawfully interfere with federal authority and operations—an example of the administration’s broader pushback against state measures it views as obstructing federal immigration enforcement. The challenged package includes the “Illinois Bivens Act,” which creates a state-law cause of action tied to alleged constitutional violations committed during “civil immigration enforcement,” and the “Court Access, Safety, and Participation Act,” which bars civil immigration arrests at (and, as described in reporting and advocacy materials, within a buffer zone around) Illinois courthouses; supporters frame the laws as due-process and courthouse-access protections, while DOJ frames them as unconstitutional constraints and liability exposure designed to chill federal enforcement.
Justice Department Sues J.B. Pritzker, Kwame Raoul Over the Illinois Bivens Act
Today, the Department of Justice filed a lawsuit against Illinois Governor J.B. Pritzker and Attorney General Kwame Raoul, challenging their unconstitutional attempt to regulate federal law enforcement officers through the so-called “Illinois Bivens Act” and “Court Access, Safety, and Participation Act.”
Not only are the laws illegal attempts to regulate and discriminate against the federal government through novel causes of action, but, as alleged in the complaint, the laws threaten the safety of federal officers who have faced an unprecedented wave of harassment, doxxing, and even violence. Threatening officers with ruinous liability and even punitive damages for executing federal law and for simply protecting their identities and their families also chills the enforcement of federal law and compromises sensitive law enforcement operations. The danger is acute.
“The Department of Justice will steadfastly protect law enforcement from unconstitutional state laws like Illinois’ that threaten massive punitive liability and compromise the safety of our officers,” said Assistant Attorney General Brett A. Shumate of the Justice Department’s Civil Division.
“Unfortunately, Illinois politicians prefer to attack law enforcement with lawsuits and punitive damages rather than support ICE’s Criminal Alien Program, which prioritizes the safe removal of dangerous criminal aliens like murderers, child rapists, and other serious offenders,” said U.S. Attorney Steven D. Weinhoeft for the Southern District of Illinois. “Courthouse arrests are only necessary in the first place because Illinois refuses to honor federal detainers at the jails and prisons, instead preferring to release criminals back into our communities.”
On her first day in office, Attorney General Bondi instructed the Department’s Civil Division to identify state and local laws, policies, and practices that facilitate violations of federal laws or impede lawful federal operations. Today’s lawsuit is the latest in a series of lawsuits brought by the Civil Division targeting illegal policies designed to thwart federal law enforcement across the country, including in New York, New Jersey, and Los Angeles, California.
December 22, 2025 Office of Public Affairs U.S. Department of Justice 950 Pennsylvania Avenue, NW Washington DC 20530 Press Release Number: 25-1235
On Thursday, December 18, 2025, the President signed into law:
S. 1071, the “National Defense Authorization Act for Fiscal Year 2026,” which authorizes fiscal year 2026 appropriations principally for Department of War programs and military construction, Department of Energy national security programs, Intelligence programs, and Department of State programs; supports a military basic pay increase and other authorities relating to the United States Armed Forces; and provides authorities related to and makes other modifications to national security, foreign affairs, homeland, commerce, judiciary, and other related programs.
New York Governor Kathy Hochul and Queens County District Attorney Melinda Katz announced the successful disruption of a Queens-based organized retail theft ring responsible for stealing over $2.2 million in merchandise from 128 Home Depot locations across nine states. A 780-count indictment charges 13 individuals with first-degree grand larceny, criminal possession of stolen property, and conspiracy, leveraging new provisions in the FY 2025 Enacted Budget—secured by Governor Hochul—that permit aggregation of stolen goods values across incidents and enhance penalties for fencing operations. The case, developed through a joint investigation by the Queens DA’s Office and the New York State Police Organized Retail Theft Task Force (funded with more than $40 million in state resources), marks a significant enforcement milestone: 11 defendants have been arraigned, with maximum penalties of up to 25 years for theft crew members and 15 years for fences. The operation’s takedown contributes to broader statewide results, including 1,261 arrests, recovery of $2.6 million in stolen goods, and a 14% year-over-year decline in retail theft in New York City as of December 2025.
Governor Hochul and Queens District Attorney Katz Announce Indictment Charges in $2.2 Million Organized Retail Theft Bust
Governor Kathy Hochul and Queens District Attorney Melinda Katz today announced that 13 individuals have been charged in a 780-count indictment for operating a stolen goods and resale ring that targeted Home Depot locations in New York and eight other states. The individuals are facing grand larceny, conspiracy, and criminal possession of stolen property charges, including those included in the FY25 Enacted Budget that strengthened larceny laws by combining the value of merchandise stolen in separate incidents. In addition to these new crimes targeting organized retail theft, the FY25 Enacted Budget included a new crime specific to assault on retail workers, and more than $40 million for law enforcement secured by Governor Hochul. That funding created a dedicated Organized Retail Theft Task Force within the New York State Police, the work of which was integral to this case, and augmented efforts by district attorneys and local police departments to investigate and prosecute these cases.
“Since taking office, my highest priority has been driving down crime and keeping New Yorkers safe,” Governor Hochul said. “Following a post-pandemic spike in retail theft, I committed new funds to establish a dedicated organized retail theft task force and secured stronger laws to hold people who commit these crimes accountable. With better support for District Attorneys, local police departments and the State Police, we’re stopping organized retail theft rings in their tracks and ensuring a safer retail environment for business owners, staff and shoppers throughout New York.”
Queens District Attorney Melinda Katz said, “Thirteen defendants, over $2.2 million in merchandise, 319 incidents of theft, nine states and 128 separate Home Depot stores are the facts alleged, resulting in a 780-count indictment. The defendants took breaks for lunch and dinner, sometimes hitting the same Home Depot up to four times in one day. The stolen items were then resold to consumers, through a Brooklyn storefront or on Facebook Marketplace. Working with our partners at the New York State Police, we brought this brazen operation to a halt. I thank Governor Hochul for signing laws that provide prosecutors’ offices with tools to more efficiently investigate, and more effectively charge, organized retail theft and fencing operations.”
The District Attorney’s Office investigation began in June 2024, when members of the District Attorney’s Detective Bureau observed stolen air conditioners from Home Depot while conducting surveillance in a separate matter. The District Attorney’s Crime Strategies and Intelligence Bureau built the case in-house and worked closely with the New York State Police’s Organized Retail Theft Task Force, part of the agency’s Special Investigations Unit.
“Since taking office, my highest priority has been driving down crime and keeping New Yorkers safe”
Governor Kathy Hochul
New York State Police Superintendent Steven G. James said, “This case sends a strong message to would-be criminals – if you engage in retail theft, we will find you and hold you accountable to the full extent of the law. Retail theft has real victims – threatening the safety of shoppers and retail workers, creating enormous losses for businesses, and rising prices for the rest of us. I want to commend the outstanding work of our investigators and our partners at the Queens County District Attorney’s Office, and I want to thank Governor Hochul for the support she has provided to help us fight back against organized retail theft.”
Eleven individuals were arraigned yesterday on a 780-count indictment including charges of first-degree grand larceny, first-degree criminal possession of stolen property, fourth-degree conspiracy, and other crimes. One defendant remains at large and another will be arraigned at a later date. If convicted, members of the alleged theft crew face up to 25 years in prison, and the alleged black market retailers, known as fences, up to 15 years in prison.
According to the indictment and investigation, members of the theft and fencing ring are accused of stealing home construction tools, building supplies, power tools, smoke alarms, air conditioners, paper towels and other goods totaling more than $2.2 million during a 13-month period from August 2024 to September 2025. The items — stolen during 319 different incidents — were then sold to black market resellers, known as fences, who allegedly ordered the specific items to be stolen and then resold those goods to consumers.
The theft crew met almost daily to determine the locations of Home Depots they would target based on a review of merchandise in each store. Among the most common items stolen were insulation kits, buckets of reflective roof coating, power tools, air conditioners and smoke and carbon monoxide detectors. The amount of merchandise stolen in a single day ranged from about $1,800 to nearly $35,000.
Not including arrests and stolen goods recovered from this operation, the State Police and local law enforcement partners have recovered more than $2.6 million in stolen goods, made 1,261 arrests and filed 2,219 charges across 1,057 retail theft enforcement operations. As of December 2025, retail theft is down 14 percent year over year in New York City. Across the rest of the state, larceny is down 14 percent in the first seven months of 2025 vs. 2024.
Following a post-pandemic spike in reported retail theft in New York City and a statewide surge in reported larcenies, Governor Hochul also advanced new initiatives to strengthen laws, hold perpetrators accountable, protect retail workers and support small businesses, including:
Elevating the assault of a retail worker from a misdemeanor to a felony, ensuring any person who causes physical injury to a retail worker performing their job is subject to enhanced criminal penalties
Allowing prosecutors to combine the value of stolen goods when filing larceny charges, and allowing retail goods from different stores to be aggregated for the purposes of reaching a higher larceny threshold when stolen under the same criminal scheme
Making it illegal to foster the sale of stolen goods to go after third-party sellers
Securing $5 million to fund tax credits to help small businesses invest in and alleviate the financial burden for added security measures
State Senator Leroy Comrie said, “Organized retail theft is not a victimless crime, it hurts workers, drives up costs for families and threatens the stability of small businesses in our communities. I commend District Attorney Katz, the New York State Police and all law enforcement partners whose dedicated work brought this operation down. Their collaboration shows what is possible when we give agencies the tools they need to investigate and prosecute these complex cases. We must continue working together to protect retail workers, strengthen enforcement and ensure that every neighborhood in Queens remains a safe and reliable place to shop and do business.”
State Senator John Liu said, “This brazen retail theft ring and the rise in shoplifting following the pandemic show exactly why we strengthened retail theft laws in the state budget. Retail theft has preyed on our local businesses for far too long, with thieves targeting everything from paper towels to air conditioners. Thank you to DA Katz, Governor Hochul, and our local law enforcement for showing that the days of taking what you want and simply walking through the front door without fear of consequences are over, and that New York is committed to protecting our local businesses and restoring safety in our communities.”
Assemblymember Clyde Vanel said, “New York is sending a powerful message that coordinated retail theft rings will find no safe harbor here. This indictment makes clear that the new tools secured in the FY25 Budget, thanks to the leadership of Governor Hochul and the Legislature, are delivering real results. Dedicated and results-driven district attorneys like Melinda Katz are now better equipped than ever to take down organized crime and protect our communities and businesses.”
Assemblymember Steven Raga said, “The scale of this organized retail theft shows exactly why the Legislature strengthened our laws to combat organized criminal activity. These crimes impact the safety of workers, increase costs for consumers, and harm the economic health of communities across Queens. As a former retail worker myself, I understand how these incidents create real risks for people on the frontlines and destabilize the neighborhoods they serve. I commend Governor Hochul, District Attorney Katz, and the Task Force for taking decisive action that brings accountability and restores trust. This is the type of collaborative enforcement our state needs to keep people safe.”
Assemblymember Sam Berger said, “Queens is fortunate to have DA Melinda Katz taking on retail theft and bringing organized criminal rings to justice. I’m grateful to the brave men and women in state and local law enforcement who work every day to keep our communities safe. I was proud to stand with Governor Hochul and my colleagues in the Legislature to give prosecutors the tools they need to hold repeat offenders accountable.”
Retail Council of New York State President and CEO Melissa O’Connor said, “Governor Hochul and District Attorney Katz have made it abundantly clear that organized retail crime and habitual retail theft will not be tolerated in New York. This criminal activity goes well beyond the obvious financial loss for retailers – it is a serious issue that compromises the safety of store employees and customers. I want to thank Governor Hochul, District Attorney Katz and the New York State Police for holding these crime syndicates accountable to the full extent of the law. We will continue to work with the executive, lawmakers, prosecutors, and law enforcement agencies to further our shared goal of safer communities.”
New York Gov. Kathy Hochul signed legislation allowing local governments to offer property-tax exemptions of up to 65% for eligible senior homeowners, raising the previous cap from 50% for the first time in decades. Under the measure, known as S5175A/A3698A, municipalities can set income limits and other criteria to determine who qualifies, with state officials estimating potential savings of about $300 a year for the average senior on a fixed income. The change is aimed at helping roughly 1.8 million older New Yorkers remain in their homes amid rising housing costs and inflation, and comes as part of a broader affordability push that includes middle-class tax cuts, expanded child tax credits, inflation rebate checks and free school meals for all K–12 students.
Governor Hochul Authorizes Real Property Tax Exemptions for New York Seniors
Governor Kathy Hochul signed legislation that enhanced real property tax exemptions for New York seniors. Legislation S5175A/A3698A allows localities to provide a real property tax exemption for senior citizens who meet the income eligibility limits, among other criteria, up to 65 percent percent of the assessed valuation of their properties. This legislation builds on the Governor’s affordability agenda, which included tax cuts for middle-class New Yorkers.
“No New York senior should lose their home because they can no longer afford their property taxes,” Governor Hochul said. “By signing this legislation, we are working to make New York more affordable for our seniors on fixed incomes and empowering them to age in place, at home, in the communities they know and love.”
The bill will give localities the option to offer real property tax exemptions of up to 65 percent to seniors living below the maximum income eligibility level set by the locality. Prior to, the maximum percentage of exemption local governments have been able to offer senior citizens was set at 50 percent and has not been raised in decades. Increasing the exemption from 50 percent to 65 percent could translate into savings of up to $300 annually for the average senior.
New York State Office for the Aging (NYSOFA) Acting Director Greg Olsen said, “Governor Hochul is coming through yet again on making New York more affordable for individuals and their families. Property taxes, especially for those on fixed incomes, can often be difficult to afford. With more than 1.8 million older adults who own their own homes, this important law will continue to help older adults remain in the homes and communities of their choice and keeping their vast contributions within New York State.”
State Senator Leroy Comrie said, “Seniors have faced rising housing costs and inflation— oftentimes living on fixed income. Signing S5175A into law is an important step toward restoring real affordability for older adults across New York. This law allows localities to offer up to a 65 percent discount to eligible seniors so long-time homeowners can remain in their communities with dignity and security. I thank Governor Hochul, my colleagues and especially Assemblymember David Weprin for partnering to deliver meaningful support for the New Yorkers who helped build this state.”
Assemblymember David Weprin said, “I’m grateful for Governor Kathy Hochul’s commitment to improving affordability for all New Yorkers, including our senior citizen homeowners. By advancing this bill into law, we will provide relief from the burden of increasing real property taxes and ensure stability for elderly homeowners on low fixed incomes. I look forward to continued partnership with Governor Hochul and my fellow elected leaders to advance this critical affordability agenda.”
This legislation builds on Governor Hochul’s affordability agenda, which includes:
Middle-Class Tax Cut: Approximately 8.3 million New Yorkers will benefit from decreased tax rates, bringing middle-class taxes to their lowest levels in 70 years.
Child Tax Credit Expansion: The Child Tax Credit is increasing to up to $1,000 per child under the age of four and up to $500 for school-aged children, starting in 2026.
Inflation Refund Checks: Eligible New Yorkers have received up to $200 per person or $400 per family, reaching 8.2 million people.
Free School Meals: All K-12 students now have access to free breakfast and lunch, saving families up to $1,600 per child annually.
