Thousands gathered for an annual parade in Manhattan on Wednesday to mark World Falun Dafa Day. The day celebrates 34 years since Falun Dafa, a spiritual practice rooted in the principles of truthfulness, compassion, and forbearance, was introduced to the public in China.

Kevin Warsh will officially become the new head of the Federal Reserve after the Senate voted 54–45 to confirm his four-year term. Warsh has said he would like to see the Fed return to the dual mandate of stable prices and maximum employment rather than engage in mission creep.

Vice President JD Vance announced the Trump administration will withhold $1.3 billion in Medicaid payments to California due to potentially fraudulent billing patterns. The action comes among a host of others taken recently to crack down on fraudulent activity in Medicare and Medicaid.