US Judge Denies Pirro Motion to Revive Quashed Fed Subpoenas (2)

The Justice Department lost its bid to continue an investigation into building-renovation cost overruns by the Federal Reserve, setting the stage for an appeal that could eventually reach the Supreme Court.

US District Chief Judge James Boasberg upheld an earlier ruling he made to quash two grand jury subpoenas issued to the central bank by US Attorney Jeanine Pirro as part of a criminal investigation into the cost overruns, and congressional testimony Chair Jerome Powell provided on the matter. Pirro’s office had asked Boasberg to reconsider his decision to reject the subpoenas.

“The Government’s arguments do not come close to ...