Federal prosecutors have opened a criminal investigation into Federal Reserve Chair Jerome Powell, triggering fresh concerns about the independence of the US central bank. Powell has publicly linked the probe to ongoing political pressure over interest rate decisions, raising alarms across financial markets.

The Trump administration is warning that 42 million Americans could lose their food stamp benefits as the government shutdown drags on. The USDA says it can’t legally move funds to cover SNAP payments unless Congress passes a funding bill. Democrats demand an extension of Obamacare subsidies, while Republicans push for a “clean” funding resolution. The standoff now threatens to cut off food aid for millions within days.