Republicans Love Trump’s Spending Cuts. Just Not in Their States.

• House Republicans release budget plan, with trillions in tax and spending cuts

  House Republicans released a budget resolution on Wednesday, laying a foundation for approving President Trump's agenda.
  
  CBS News - 1h
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  Trump Is Freezing Money for Clean Energy. Republican States Have the Most to Lose.

  About 80 percent of manufacturing investments spurred by a Biden-era climate law have flowed to Republican districts. Efforts to stop federal payments are already causing pain.
  
  The New York Times - 1d
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  House Republicans could raise student loan bills to pay for Trump's tax cuts

  As House Republicans look for ways to slash spending to fund President Donald Trump’s tax cuts, they’ve floated proposals that could raise federal student loan bills for millions of borrowers.
  
  NBC News - 1d

• To pay for Trump's tax cuts, House Republicans could raise student loan bills for millions of borrowers

  As House Republicans look for ways to cut spending to fund President Trump's tax cuts, they've floated plans that may raise student loan bills for millions.
  
  CNBC - 2d
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  22 states sue to block Trump cuts to NIH research payments

  Attorneys general in 22 states sued the top health agencies Monday, attempting to block the Trump administration’s plan to slash grant funding to universities and research institutions across the ...
  
  The Hill - 2d
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  Senate Republicans just keep rolling over for Trump

  Republican senators have no backbone when it comes to Trump's nominees.
  
  The Hill - 2d
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  Trump vows to cut billions of dollars from US defence spending

  President says ‘fraud and abuse’ at Pentagon will be Elon Musk’s next target
  
  Financial Times - 3d

• Trump administration tells states to stop spending on EV charging infrastructure

  The Federal Highway Administration directed states to stop spending money for EV charging infrastructure​ — funds that were allocated under former President Biden.
  
  CBS News - 4d

More from The New York Times

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  What to Know About the Anti-Bribery Law Trump Is Targeting

  Federal prosecutors and securities regulators have gone after large companies for violations of the Foreign Corrupt Practices Act, which prohibits them from bribing foreign officials.
  
  The New York Times - 18h

• Stock Market Falls After Inflation Report

  Investors are now betting that the Federal Reserve will cut interest rates just once more this year, a drastic shift in expectations since late 2024.
  
  The New York Times - 51m
• 

  Trump Softens Tone on Inflation After Pledging to Lower Prices

  President Trump pledged to lower costs on “Day 1” as a candidate. His administration now acknowledges it will take more time.
  
  The New York Times - 4h
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  Goldman Sachs Ditches Big Diversity Rule As Wall Street Backs Off DEI

  Goldman Sachs will drop a demand that corporate boards of directors include women and members of minority groups as financial firms backpedal from D.E.I. promises.
  
  The New York Times - 20h
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  Silicon Valley is Embracing Christianity (With the Help of Peter Thiel)

  When tech luminaries talk about their Christian faith, people listen.
  
  The New York Times - 20h

More in Business

• Trump reciprocal tariffs could come by Thursday, White House says

  President Donald Trump could announce his reciprocal tariff plan before he meets with Indian Prime Minister Narendra Modi on Thursday, the White House said.
  
  CNBC - 6m

• ‘Stagflation’ could be a disaster for your 401(k)

  The recently retired and the almost-retired are most at risk.
  
  MarketWatch - 7m

• Comcast and NBCUniversal receive FCC inquiry on DEI initiatives

  The Federal Communications Commission has sent a letter to Comcast inquiring about its DEI practices, a company spokesperson confirmed Wednesday.
  
  CNBC - 8m

• Here's the inflation breakdown for January 2025 — in one chart

  The consumer price index rose 3% on the year in January 2025. Economists worry that broad disinflation is over, even as tariffs loom.
  
  CNBC - 12m

• Trump froze a bribery law that previously hit suppliers for Elon Musk's Tesla

  President Trump has told Attorney General Pam Bondi to look at past cases by the DOJ involving the Foreign Corrupt Practices Act.
  
  CNBC - 12m