BREAKING NEWS

Top US prosecutor remains in office after being asked to quit

US Attorney Preet Bharara of New York is not resigning from his post despite being asked to do so by the Justice Department, a source familiar with the situation told Reuters on Saturday, potentially setting up a showdown between President Donald Trump and one of the country's top federal prosecutors.
Bharara, who has handled a string of high-profile corruption and white-collar criminal cases, remains on the job one day after the Justice Department asked him and 45 other federal prosecutors left over from the Obama administration to resign, the source said.
Bharara's decision to stay in his post could force the Trump Administration to fire a prosecutor who has won criminal cases against defendants like the Times Square bomber Faisal Shahzad. Bharara, who was appointed by former President Barack Obama in 2009, also won a $1.8 billion insider-trading settlement against SAC Capital Advisors, the largest in history, forcing the hedge fund to shut down.
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