Jerome Powell plans to remain on the board of the Federal Reserve after his term as chair ends next month "for an undetermined period of time," saying the "unprecedented" legal attacks by the Trump administration have put the independence of the nation's central bank at risk. The Fed Wednesday left its benchmark interest rate unchanged for the third straight meeting but signaled it could still cut rates in the coming months, moves that attracted the most dissents since October 1992. The Senate Banking Committee earlier approved Powell's successor as chair, Trump appointee Kevin Warsh, on a party-line vote.

The White House is warning Congress that funds to pay Department of Homeland Security personnel will "soon run out." The Office of Management and Budget says in a Tuesday night memo that failure to pass legislation could spark new threats of airport disruptions and national security concerns. The House has come to a standstill as Speaker Mike Johnson and Republican lawmakers are tangled over various issues, including the Homeland Security funds. The memo could help the GOP leader pressure lawmakers to act. It says funding that President Donald Trump tapped to pay Transportation Security Administration and other workers through executive actions will be exhausted by May. An airline industry trade group urged Congress to act.

The man charged with trying to storm the White House Correspondents' Association dinner and kill President Donald Trump took a picture of himself in his hotel room just minutes earlier, outfitted with an ammunition bag, a shoulder gun holster and a sheathed knife. The details are in a new court filing Wednesday. Authorities say Cole Allen, of Torrance, California, was captured Saturday when he tried to race past security barricades, prompting an exchange of gunfire with Secret Service agents. The government says Allen repeatedly made online checks to keep track of the Republican president's status that night and "intended to kill." Prosecutors want Allen to remain in custody. Allen's defender says he's presumed innocent.

Defense Secretary Pete Hegseth is facing questioning from lawmakers as he goes before Congress for the first time since the Iran war began. Wednesday's hearing before the House Armed Services Committee is focused on the Trump administration's $1.5 trillion military budget for 2027, but Democrats are using the opportunity to grill Hegseth on the Iran war's costs, President Donald Trump's shifting justifications for the war, and the huge drawdown of critical munitions. Lawmakers from both parties also have raised concerns about Hegseth's firing of top generals and other military leaders. While a ceasefire is now in place, the U.S. and Israel launched the war Feb. 28 without congressional oversight.

When the Supreme Court killed his favorite tariffs in February, President Donald Trump rolled out temporary import taxes to replace them. But those stopgap levies expire in less than three months. Now the administration is scrambling to put more durable tariffs in place to keep revenue flowing into the U.S. Treasury and to shore up the president's protectionist wall around the American economy. Starting this week, the government will begin hearings in two investigations — one on countries that lag in enforcing bans on forced labor, another on overproduction — that will likely lead to a new round of U.S. tariffs.

The Justice Department is pressing for the dismissal of preservationists' lawsuit over the planned $400 million White House ballroom after the shooting at Saturday's media gala. But its latest court filing reads more like a Truth Social post from President Donald Trump than a document crafted by government lawyers. The filing submitted Monday by the Justice Department is chock-full of the kind of Trumpian touches the president uses in written communication, such as erratic capitalization, exclamation points, non sequiturs, praise for the president and accusations his opponents are insane. The 16-page filing is a sign of the extraordinary degree to which the president has demolished the traditional wall of independence between the Justice Department and White House.

King Charles III has acknowledged "times of great uncertainty" while addressing the U.S. Congress. Charles on Tuesday marked the 250th anniversary of American independence from Britain and highlighted the enduring bonds between the two nations. Charles is only the second British monarch to speak to Congress, following Queen Elizabeth II in 1991. Charles' speech comes amid political turmoil, with tensions between President Trump and British Prime Minister Keir Starmer over the war in Iran. Trump and Charles met at the White House earlier on Tuesday. Charles and Queen Camilla will continue their U.S. trip with stops in New York City and Virginia.

President Donald Trump is likely to face new security questions as he plans to attend a series of large, high-profile events in coming months. Saturday night's attack during the White House Correspondents' Association dinner is the third violent episode involving Trump in less than two years. The White House hasn't commented on additional security measures, but more thorough screening and possibly bulletproof glass at public Trump events could be coming. The Republican president has tried to reassure the public he's well protected. But questions are likely to arise going forward. Presidents often chafe at the prospect of too much security.