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A Top Fed Official Says the Trump Administration’s Threats Are ‘About Monetary Policy’

Neel T. Kashkari, president of the Federal Reserve Bank of Minneapolis, defended Jerome H. Powell, the Fed chair, in an interview. He also said interest rates should be held steady this month.

© Jenn Ackerman for The New York Times

Neel T. Kashkari of the Federal Reserve Bank of Minneapolis said the central bank had an opportunity “to explain to our constituents and the American people why Fed independence is so important to the health and the vibrancy of the American economy.”
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Venezuela Envoy to Visit U.S. for First Official Trip in Years

Félix Plasencia, an envoy of the interim government, will travel to the United States on the day the opposition leader María Corina Machado is to meet President Trump.

© Cristian Hernandez/Agence France-Presse — Getty Images

Félix Plasencia, then Venezuela’s foreign minister, in Caracas, Venezuela, in 2022.
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Banks Ready Battle Plans to Save Their Credit Card Businesses

“Everything’s on the table,” an executive at JPMorgan Chase said, as the industry seeks to head off President Trump’s effort to cap interest rates.

© Eduardo Munoz/Reuters

America’s biggest banks, including JPMorgan Chase, appear set to fight any effort by the White House to impose a cap on the credit card interest rates they charge.
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Minneapolis’s Limit

We look at how the actions of federal agents in Minneapolis are impacting life in the city.

© David Guttenfelder/The New York Times

In Minneapolis yesterday.
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Playing Catch on an L.A. Sidewalk? You May (Technically) Risk Jail Time.

A little-known and rarely enforced law prohibits ball games on some Los Angeles streets and sidewalks. The local council has begun the process of repealing it.

© Daniel Dorsa for The New York Times

A rarely enforced provision in the Los Angeles Municipal Code prohibits ball games on most streets or sidewalks in the city.
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A Week Without Heat in New York City

Some renters are constantly left without heat or hot water during the winter, leading them to bundle up in layers of clothing or risk fires by using space heaters.

© Elias Williams for The New York Times

Mercedes Escoto, 67, said it is sometimes so cold in her Bronx apartment that she can see her breath indoors.
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‘We’re Not Stupid’: Greenlanders Fear What a U.S. Takeover Would Mean

A visit to Greenland reveals a swirl of feelings as people nervously await talks with the Trump administration about the island’s future.

© Marko Djurica/Reuters

Nuuk’s old harbor, Greenland, on Tuesday. People on the island have reacted with shock, anger, confusion and fear to President Trump’s interest in buying or taking over the territory.
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Chuck Schumer Calls His Shot

After securing strong recruits on a tough Senate map, the Democratic leader is not only predicting an upset 2026 victory, but also naming the states he thinks his party can flip.

© Alex Kent for The New York Times

Senator Chuck Schumer of New York has been under intense pressure within the Democratic Party, but he has managed to secure strong Senate candidates in several top-tier races.
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How ICE Crackdowns Set Off a Resistance in American Cities

In Minneapolis and other cities where federal agents have led immigration crackdowns, residents have formed loose networks to track and protest them.

© David Guttenfelder/The New York Times

Activists in Minneapolis have been following federal agents as they carry out the Trump administration’s immigration operation.
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U.S. Refiners to Profit as Trump Asserts Control Over Venezuelan Oil

The companies that turn oil into gasoline and diesel are likely to benefit more, right away, than the businesses that pump oil out of the ground.

© Brandon Thibodeaux for The New York Times

A Valero Energy refinery in Houston. U.S. refining companies are poised to profit if more Venezuelan oil starts flowing to the United States.
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As Trump Pushes Housing Affordability, His Mortgage Chief Undermines It

Under Bill Pulte, Fannie Mae and Freddie Mac have pulled away from efforts to help low-income people buy homes.

© Callaghan O'Hare for The New York Times

The Federal Housing Finance Agency has been repealing rules, firing teams of people focused on fair lending and climate risk, and reducing the agency’s focus on low-income home buyers.
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Jodie Foster: An American Oscar-Winner in Paris

In “A Private Life,” the actress takes on her first solo lead role in which she speaks fluent French, but her French connection goes all the way back to childhood.

To prepare for her role in ”A Private Life,” Foster read French books aloud at home and then turned up in Paris to immerse herself in French life.
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Initial Review Finds No Widespread Illegal Voting by Migrants, Puncturing a Trump Claim

Republican election officials welcome the review, which relies on a federal verification tool, but they say they have not discovered a major problem when it comes to noncitizen voters.

© Sylvia Jarrus for The New York Times

People vote during the 2024 presidential election in Detroit. Mr. Trump and his allies have claimed for the past decade that elections are riddled with illegal votes cast by undocumented immigrants.
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Trump’s Threats to Greenland Raise Serious Questions for NATO

The treaty that created NATO did not contemplate an attack by one ally on another. A seizure of Greenland by President Trump would test the endurance of the mutual-defense pact.

© Ivor Prickett for The New York Times

A frozen corner of the main fishing harbor in Nuuk, the capital of Greenland.
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Trial to Begin for N.Y.P.D. Sergeant Who Threw Cooler at Fleeing Man

Erik Duran, who fatally struck the man, Eric Duprey, as he fled on a motorbike in 2023, faces charges of manslaughter, assault and criminally negligent homicide.

© Karsten Moran for The New York Times

Protesters last week outside the Bronx courthouse where Sgt. Erik Duran will stand trial on Wednesday in the death of Eric Duprey, whom he struck with a cooler in 2023.
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