Wall Street Next

latest news in politics

Supreme Court Justice Samuel Alito Refuses Calls to Step Down

Washington, Friday, 7 August 2026.
Justice Samuel Alito confirmed on August 7, 2026, that he will serve another term, brushing off conservative pressure and ending speculation ignited by an erroneous NPR retirement report.

US Court Ruling Allows Government to End Protections for South Sudanese Migrants

Washington, Friday, 7 August 2026.
A federal judge allowed the government to end temporary protections for hundreds of South Sudanese migrants, threatening labor supply in crucial sectors that contribute billions to the economy.

White House Threatens Federal Reserve Governor With Prison Time in Removal Push

Washington, Friday, 7 August 2026.
President Trump has renewed efforts to fire Federal Reserve Governor Lisa Cook, sending a formal notice threatening up to 30 years in prison over unproven mortgage fraud allegations.

US Senate Approves Landmark Bill Threatening High Tariffs on Buyers of Russian Energy

Washington, Friday, 7 August 2026.
The U.S. Senate passed a landmark bill authorizing tariffs up to 100% on top buyers of Russian energy, targeting key funding sources for Moscow’s war effort.

Trump Administration Moves Foreign Aid Money to Research White Minority Crime in South Africa

Washington, Friday, 7 August 2026.
The U.S. State Department is redirecting federal foreign aid toward niche initiatives, including research on South Africa’s white minority, shifting traditional spending priorities away from broader humanitarian programs.

Government Audit Finds Flaws in Federal Cost-Cutting Claims

Washington, Friday, 7 August 2026.
A watchdog report reveals significant errors in recent federal savings claims, finding that 96% of reported grant cuts could not be verified and $27.4 billion in contract terminations never occurred.

Federal Appeals Court Halts Construction of 400 Million Dollar White House Ballroom

Washington, Friday, 7 August 2026.
A federal court blocked above-ground construction on the White House ballroom on August 7, 2026, ruling President Trump lacks authority to build the $400 million addition without congressional approval.

President Trump Signals Openness to Working With Democratic Leader Hakeem Jeffries

Washington, Friday, 7 August 2026.
Ahead of the 2026 midterms, President Trump signaled he could collaborate with Hakeem Jeffries if Democrats capture the House majority, marking a striking pivot after years of bitter personal feuds.

Republican Senator Lisa Murkowski Opposes Todd Blanche for U.S. Attorney General

Washington, Friday, 7 August 2026.
Senator Lisa Murkowski’s opposition to Todd Blanche severely jeopardizes his confirmation as U.S. Attorney General, leaving President Trump’s top law enforcement nomination hanging by a single vote.

Federal Enforcement Drives Record Deportation Orders Across the United States

Washington, Friday, 7 August 2026.
Under intensified federal policy in August 2026, U.S. deportation orders reached a record 79,000 in a single month, while California child deportation rates under ICE custody surged to 61%.