By David Shepardson and Steve Gorman WASHINGTON (Reuters) -California Governor Gavin Newsom on Thursday vowed to fight the "illegal" move by President Donald Trump's administration to cancel some $4 billion in federal grants for the state's ambitious but much-delayed high-speed rail project.

Major construction work continues at the U.S. Federal Reserve building as U.S. President Donald Trump voices complaints about Fed Chair Jerome Powell, in Washington, D.C., U.S., July 14, 2025. REUTERS/Jonathan Ernst/File Photo (Reuters) -The spiraling cost of the Federal Reserve's years-long renovation of two historic buildings in Washington,

President Trump denied he plans to fire Federal Reserve chairman Jerome Powell after telling Republican lawmakers he would likely make the move.

Speculation over whether President Donald Trump is planning to oust Federal Reserve Chair Jerome Powell was heating up Wednesday after published reports, even as the president himself said he was “not planning” such a move.

U.S. President Donald Trump's decision to ramp up arms shipments to Ukraine is a signal to Kyiv to abandon peace efforts, Russia said on Thursday, vowing it would not accept the "blackmail" of Washington's new sanctions ultimatum.

President Trump's tone has shifted both towards Putin and regarding the continuation of U.S. military support for Ukraine.