May 22, 2026: Gabbard Resigns, Trump: Leave US to Apply for Green Cards, More
episodePreviously titled “Gabbard Resigns, Trump: Leave US to Apply for Green Cards, More” — renamed by the publisher on Aug 2, 2026
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Hello, I'm Stephen Carroll. I'm in Brussels, where many of Europe's biggest decisions get made.
And I'm Caroline Hepke in London. We're the hosts of the Bloomberg Daybreak Europe podcast.
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News when you want it with Bloomberg News Now. I'm Ed Kalecki. Director of National Intelligence Tulsi Gabbard, whose anti-war view spurred tension with the White House, says she's resigning from the post to help her husband confront a bone cancer diagnosis. Gabbard notified President Trump during an Oval Office meeting of her decision, and her last day is expected to be on June 30th. Foreigners seeking permanent residency in the U.S. will now have to leave the country to apply for green cards. It's a change with potentially far-reaching ramifications for legal immigration amid President Trump's sweeping crackdown. The details of how the new system will play out remained unclear. But requiring people to travel abroad to a U.S.
consulate could leave many stranded for weeks, months or even years in backlogged appointment systems. For immigrants who came into the U.S. illegally, including those who entered without authorization and later married U.S. citizens, leaving the country to apply for permanent residency could carry even greater dangers. Once their history is reviewed, they could be barred from returning to the U.S. SpaceX's upgraded Starship successfully deployed mock satellites and returned to Earth largely unscathed, though its booster spun out of control and broke apart over the Gulf of Mexico. The gigantic rocket's 12th major test flight was a successful, if slightly rough and incomplete, debut of the vehicle, which is critical to Elon Musk's efforts to scale his rocket business into an artificial intelligence and satellite communications empire.
President Trump stressed that he wants Kevin Warsh to independently lead the Federal Reserve as he looked to downplay investor concern that he would pressure the new central bank chief on policy decisions.
I want Kevin to be totally independent. I want him to be independent and just do a great job.
Warsh, who has promised the biggest shakeup in decades at the U.S. Central Bank, was sworn into office Friday in a White House ceremony as the 17th chair of the Fed.
When we pursue those aims with wisdom and clarity, independence and resolve, inflation can be lower, growth stronger, real take-home pay higher. and America can be more prosperous.
Warsh takes over at a tense moment for the economy and the central bank. Price pressures have reaccelerated in recent months, driven by the impact of war in the Middle East on energy supplies. Investors now see an interest rate increase coming by December after fresh data Friday showed. Consumer expectations for longer-term inflation jumped to their highest level in seven months. Secretary of State Marco Rubio said Friday that slight progress was made during talks with Iran as Pakistan's army chief traveled to Tehran in a renewed effort to mediate a peace deal and uncertainty loomed over whether war will resume.
There's been some progress. I wouldn't exaggerate it. I wouldn't diminish it. There's more work to be done, but look, yeah, there's been some, you know, and that's a good sign.
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