President Trump’s selection to chair the Federal Reserve, Kevin Warsh, testified in a Senate confirmation hearing on Tuesday as his nomination faces bipartisan opposition centered on a federal criminal investigation into the central bank’s current leader Jerome Powell.

Republican Sen. Thom Tillis told ABC News’ Elizabeth Schulze that he supports Warsh to chair the Fed, but won’t vote to confirm him as long as Powell is being investigated.

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An Eric Trump–backed robotics company, Foundation Future Industries, has reportedly been awarded a $24 million defense contract, prompting questions from critics about potential conflicts of interest.

Separately, Eric Trump and Donald Trump Jr. are listed as board members or advisers to several companies operating in sectors such as drones, cryptocurrency, and artificial intelligence. Some observers have noted similarities to concerns previously raised about Hunter Biden’s business activities during his father’s time as vice president.

0:00 Should companies tied to a president’s children receive government contracts?
2:19 Do board roles help Trump’s sons land government business?
5:26 How Hunter Biden’s situation differed from Trump’s sons

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The European Union on Thursday approved a $106 billion loan package to Ukraine intended to keep the country’s economy and military afloat during its ongoing conflict with Russia.

ABC News’ Patrick Reevell reports.

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The unprecedented investigation into Fed Chair Jerome Powell threatens to derail or delay Warsh’s nomination. ––– Subscribe to …

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A gunman killed eight children, ranging in age from 1 to 14 years old, early Sunday in Shreveport, Louisiana, authorities said, …

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