Warsh nominated to replace Powell as Fed chair; Shutdown deal stalls amid holdouts

President Donald Trump has nominated Kevin Warsh to be his next Federal Reserve chair, a leading candidate who could influence interest rate policy. Plus, Washington races toward a shutdown deadline, as a dispute over Homeland Security funding threatens to halt parts of the government. And another major winter storm takes aim at the East, where forecasters warn a rapidly strengthening system could bring heavy snow, damaging winds and dangerous cold. These stories and more highlight your Unbiased Updates for Friday, January 30, 2026.