The Latest Breaking News from Bob Menendez

WASHINGTON — Hot inflation data could lead the Federal Reserve to raise interest rates to higher levels and at an accelerated pace, Federal Reserve Chairman Jerome Powell told the Senate Banking Committee on Tuesday.

Federal Reserve Chairman Jerome Powell discussed the fight against inflation, cryptocurrencies, office vacancies and the debt limit.

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A delegation of US Senators has described Morocco as "a stabilizing force in a volatile region". "We express our deep appreciation to King Mohammed VI for his commitment to strengthening relations between the US and Morocco, and for his key role in advancing peace, prosperity, and security across and throughout…

US Secretary of State Antony Blinken’s meeting with President Recep Tayyip Erdogan in Ankara on Monday came in the wake of the devastating earthquakes that have rattled the Turkish leader’s projection of his country as a regional hegemon. With Turkey turning into a recipient of generous US humanitarian aid, will…

A bipartisan group of US senators has proposed a bill to face the threat of Iranian drones and to strengthen US partnerships in the Middle East. Senators Jim Risch and Bob Menendez, ranking member and chairman of the Senate Foreign Relations Committee, joined in introducing the legislation, which seeks joint…

Several Senate Banking Committee Democrats are pushing President Joe Biden to nominate a Latino for the Federal Reserve Board.

White House officials have reached out to a key Democratic ally in the Senate to discuss filling the vacant role of Fed vice chair, with the Wall Street Journal reporting that Chicago Fed President Austan Goolsbee is under consideration for the post.

A bipartisan group of U.S. senators, including Florida Republican Marco Rubio, are reintroducing legislation that would go after criminal gangs in Haiti and those in the country’s political and private sectors who collude with them.

WASHINGTON — Homeland Security Secretary Alejandro Mayorkas discussed immigration policy Tuesday afternoon with the Senate’s four Latino Democrats, as the administration prepares to lift pandemic-related border restrictions later this year.

Senators express concerns about expulsion policy and forthcoming proposal to limit asylum eligibility for certain migrants.