Trump admin updates: EU will buy $750 billion worth of U.S. energy under deal

Last week the Pentagon announced 2,000 federalized California National Guardsmen were being moved out of Los Angeles and on Monday, the Pentagon is announcing that the 700 active-duty Marines will also be leaving.

The announcement was made by Sean Parnell, the Pentagon's chief spokesman, in a statement provided to ABC News.

"With stability returning to Los Angeles, the Secretary has directed the redeployment of the 700 Marines whose presence sent a clear message: lawlessness will not be tolerated. Their rapid response, unwavering discipline, and unmistakable presence were instrumental in restoring order and upholding the rule of law. We're deeply grateful for their service, and for the strength and professionalism they brought to this mission," Parnell said.

In the wake of the protests against Immigrations and Customs Enforcement raids in the city, 2,000 additional federalized California National Guardsmen will still remain in Los Angeles as part of the deployment to protect federal buildings and personnel.

-ABC News' Luis Martinez

Republican Rep. Anna Paulina Luna of Florida sent a letter to Attorney General Pam Bondi calling for an investigation into Federal Reserve Chairman Jerome Powell for "potential perjury and making false statements" -- calling into question testimony Powell delivered on June 25 at the Senate Banking Committee.

Luna questions Powell's testimony where he discussed the building renovations at the Fed's headquarters -- as controversy swirls over the ballooning cost of the upgrades. She contends that his testimony was not honest.

"These are not minor misstatements," Luna states. "Chairman Powell knowingly misled both Congress and executive branch officials about the true nature of a taxpayer-funded project. Lying under oath is a serious offense -- especially from someone tasked with overseeing our monetary system and public trust."

Luna said the intent of her letter is to "formally refer" Powell for criminal investigation and prosecution at the Department of Justice. Luna's referral is non-binding and does not automatically trigger any type of action by the Department of Justice.

-ABC News' John Parkinson

President Donald Trump is calling for an immediate end to cashless bail, though reforms would take place at the state legislative level.

"It is a complete disaster, and must be ended, IMMEDIATELY," Trump posted on his social media platform on Monday.

He went on to falsely claim that crime has gone up in America due to the system, saying "the WORST criminals are flooding our streets and endangering even our great law enforcement officers."

-ABC News' Lalee Ibssa

The Trump administration appears to be calling for a more expanded review on the Federal Reserve.

Treasury Secretary Scott Bessent is now calling for a review of the entire Federal Reserve institution, not just recent building renovations.

"What we need to do is examine the entire Federal Reserve institution and whether they have been successful,” he said during an appearance on Squawk Box on Monday.

This comes as President Donald Trump has sharply criticized the building renovations of the Fed building, using the project to threaten Fed Chair Jerome Powell’s role as he continues to publicly fume over Powell not cutting interest rates.

"I think that we should think, has the organization succeeded in its mission. You know, if this were the FAA and we were having this many mistakes, we would go back and look at why. Why has this happened?" Bessent questioned.

-ABC News' Lalee Ibssa