Trump's White House ballroom project stopped dead in its tracks with new court block
U.S. District Court Judge Richard J. Leon blocked President Donald Trump from further construction of his White House ballroom project.
In a three-page order on Tuesday, Leon granted a preliminary injunction requested by the National Trust for Historic Preservation of the United States.
The judge said that administration officials from the National Park Service, Department of the Interior, General Services Administration and Executive Office of the President were enjoined from "taking any action in furtherance of the physical development of the proposed ballroom at the former site of the East Wing of the White House, including but not limited to any further demolition, site preparation work, landscape alteration, excavation, foundation work, or other construction or related work, other than actions strictly necessary to ensure the safety and security of the White House and its grounds, including the ballroom construction site, and provide for the personal safety of the President and his staff."
The judge ordered that "no such work shall proceed absent express authorization from Congress."
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Yuan Gains Ground Against Dollar
Federal Reserve expected to slash rates today, here's how it may impact crypto
Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday. The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction. “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more
