Major Dutch Schaefer

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Raphael W. Bostic said he would step down from his role as president of the Federal Reserve Bank of Atlanta at the end of February, creating another vacancy in the central bank’s top ranks.

Mr. Bostic has served in the position since 2017; his departure from the Fed is the latest as the central bank faces intense pressure from the White House to lower interest rates. His colleague Adriana Kugler resigned in August from her role as a member of the Fed’s board of governors, giving President Trump an opportunity to replace her with one of his top economic advisers, Stephen I. Miran.

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Mr. Trump will not choose Mr. Bostic’s replacement, nor will the person need to be confirmed by the Senate, as are members of the Fed’s board in Washington. The heads of the 12 regional Reserve Banks are selected by their respective boards of local business leaders. The Atlanta Fed on Wednesday said that its board would form a search committee of its non-banking members to conduct a nationwide search.

The Fed’s board can ultimately veto who is picked for those positions, giving them influence but not control over the process.

Mr. Bostic’s decision to depart at the end of February is notable because that is when the board is set to vote to approve the reappointment of all 12 policymakers, a process that occurs every five years. Mr. Bostic, who was the first Black and openly gay president of a regional bank in the Fed’s history, could have stayed on for six more years before hitting the mandatory retirement age of 65.

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Attorneys for the archdiocese said that 157 parishes, charities and other entities affiliated with the local Roman Catholic church will file for Chapter 11 beginning on Wednesday.

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In return, the parishes and charities will be responsible for contributing a combined $60 million to the archdiocese's proposed $230 million settlement, which was approved by hundreds of clergy sex abuse survivors last month.

It's not clear how much individual parishes or organizations will be required to pay.

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Locally, the Archdiocese of New Orleans and its attorneys will not say how much they plan to seek from each of the 157 additional debtors to meet the $60 million obligation.

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It isn't clear whether wealthier parishes will be asked to contribute proportionally more than those that don't have the same means.

"We are not able to disclose the specific contributions by parish or agency," McDonald's statement said.

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GOP lawmakers secured a provision in the shutdown deal taking aim at the Biden FBI’s “Arctic Frost” surveillance campaign into a vast swath of Republicans and conservative entities.

The measure, tucked inside a Senate legislative branch appropriation bill that passed Monday night, allows senators whose phone records were seized without their knowledge during former special counsel Jack Smith‘s probe to sue the government — and be awarded at least $500,000 for every violation. Several Republican senators whose telephone metadata were obtained by the FBI under former President Joe Biden’s administration told the Daily Caller News Foundation the provision’s inclusion into the shutdown deal was a welcome move.

“It’s designed to put real teeth into federal law that prohibits the executive branch from surveilling the Senate,” Republican Texas Sen. Ted Cruz told the DCNF in a brief interview on Monday. “Arctic Frost was a grotesque abuse of power. It was Joe Biden’s Watergate.”

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New Mel Gibson Movie

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So......this is Rambo: Last Last Blood....we promise.

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President Trump said Monday night that he thought Senate Minority Leader Chuck Schumer (D-NY) “made a mistake” by insisting on the government shutdown that is on course to end later this week.

“I think he made a mistake in going too far,” Trump told Fox News’ “The Ingraham Angle” shortly before the Senate approved legislation to reopen the government. “He thought he could break the Republicans, and the Republicans broke him.”

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Despite Schumer’s opposition to the bill, a growing chorus of Democrats are calling for him to step aside as party leader for failing to keep his conference united in favor of the shutdown.

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“I’ve never seen a politician change so much,” Trump told Fox News host Laura Ingraham, adding that the Brooklyn Democrat “was a pretty talented guy” who had “lost his talent.”

“I feel badly, because I know Chuck Schumer,” the president added.

“I’ve known him since he was a person who loved Israel, and now he’s a Palestinian. He’s become a Palestinian.”

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President Donald Trump is asking the Supreme Court to overturn a jury’s civil lawsuit verdict that he sexually abused and later defamed former Elle columnist E. Jean Carroll.

Trump’s lawyers argued in a filing that allegations leading to the $5 million verdict were "propped up" by a "series of indefensible evidentiary rulings" that allowed Carroll's lawyers to present "highly inflammatory propensity evidence" against him.

"President Trump has clearly and consistently denied that this supposed incident ever occurred," Justin Smith, one of Trump’s lawyers, and his co-counsel wrote in the filing, according to The Associated Press. "No physical or DNA evidence corroborates Carroll’s story. There were no eyewitnesses, no video evidence, and no police report or investigation."

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Trump's lawyers accused the trial judge, Lewis A. Kaplan, of warping federal evidence rules to bolster Carroll's "implausible, unsubstantiated assertions." They also said that by upholding the verdict, the 2nd U.S. Circuit Court of Appeals was in conflict with other federal appeals courts on how such rules should be applied.

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