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Latest in Crackdown on government credit cards to cut 'wasteful' spending

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  • Crackdown on government credit cards to cut 'wasteful' spending

    Crackdown on government credit cards to cut 'wasteful' spending

    Purchases include £2,500 spent at a women's shoe shop in Barbados and £1,200 on luxury coffee pods.
    BBC News - 1d

  • UK cracks down on civil service credit cards after spending quadruples

    Officials will have to reapply for procurement cards as part of war on waste in Whitehall
    Financial Times - 1d
  • Bannon: DOGE 'waste, fraud, abuse’ cuts not enough to curb inflation

    Bannon: DOGE 'waste, fraud, abuse’ cuts not enough to curb inflation

    Steve Bannon said the Department of Government Efficiency (DOGE) should adjust their goal of cutting trillions of dollars in federal waste and lower the proposed amount to the billion dollar ...
    The Hill - Mar. 8

  • How to qualify for a credit card hardship program this spring

    If you need extra help with your credit card debt, there are a few ways to qualify for a hardship program now.
    CBS News - 6d
  • Luxury lounges: Credit card perks 'we are all paying for'

    Luxury lounges: Credit card perks 'we are all paying for'

    Why credit card providers are opening lavish customer lounges in airports and cities.
    BBC News - Mar. 10

  • Banks are feeling the strain as lower-income consumers struggle with inflation and tariff chaos

    Banks are seeing lower credit-card spending, while delinquencies are rising.
    MarketWatch - 4d

  • Europe courts US scientists fleeing Trump crackdown

    Cambridge university among institutions seeing chance to hire talent unsettled by US spending cuts
    Financial Times - 1d

  • House votes to avoid government shutdown by passing temporary spending bill

    The House of Representatives has passed a short-term funding bill to avert a government shutdown. The stopgap bill funds the government until Sept. 30. The measure increases defense spending by $6 ...
    CBS News - Mar. 11

  • Haven't paid your credit card debt? Here are the legal consequences to know.

    Not paying your credit card debt can have serious repercussions, but does that include legal ramifications?
    CBS News - Mar. 10

  • 3 signs your credit card debt is overwhelming you, according to experts

    Borrowers should recognize these early warning signs to address credit card debt before it becomes unmanageable.
    CBS News - Mar. 11

  • When bankruptcy will (and won't) clear your credit card debt

    Bankruptcy can wipe the slate clean of your existing credit card debt, but it won't do that in every case.
    CBS News - Mar. 11

  • 3 ways seniors can have their credit card debt forgiven this March

    With the rising cost of living, managing credit card debt can be tough, especially for retirees on fixed incomes.
    CBS News - 1d

  • 4 times credit card debt management is worth it (and 4 times it's not)

    Credit card debt management isn't a magic solution, but it can be a powerful debt relief tool for the right person.
    CBS News - 17h

  • House GOP budget plan would cut domestic spending by $13 billion

    House Speaker Mike Johnson has unveiled his plan to avert a government shutdown by Friday night. The short-term stopgap bill would fund the government until Sept. 30, increase defense spending by ...
    CBS News - Mar. 10
  • GOP's Burchett berates CNN anchor over spending cuts coverage

    GOP's Burchett berates CNN anchor over spending cuts coverage

    Rep. Tim Burchett (R-Tenn.) on Tuesday attacked CNN’s coverage of the Department of Government Efficiency’s (DOGE) spending cuts and accused the network of trying to rally its viewers against ...
    The Hill - Mar. 11
  • 5 ways seniors can tackle credit card debt

    5 ways seniors can tackle credit card debt

    A new AARP survey suggests nearly half (47%) of adults 50 and older who carry credit card debt use their cards to pay for necessities like health care, car payments and housing.
    NBC News - 4d

  • When do credit card companies sue for non-payment?

    If you skip your credit card payments for long enough, you could end up being sued. Here's when it could happen.
    CBS News - 5d
  • Musk’s cuts fail to stop US federal spending hitting new record

    Musk’s cuts fail to stop US federal spending hitting new record

    Government spending rose to $603bn in February despite hyperactive efficiency drive, data shows
    Financial Times - 6d
  • How DOGE is already changing the spending process in Congress

    How DOGE is already changing the spending process in Congress

    The Department of Government Efficiency (DOGE) has done significant work in exposing wasteful government programs, but this has created a difficult situation for the Trump administration as they ...
    The Hill - 6d

  • FirstFT: Musk’s government spending cuts fail to halt rising costs

    Also in today’s newsletter, Putin’s frontline visit and a new FT film on Nvidia’s rise
    Financial Times - 5d
  • DOGE Is Putting Major Government Efficiency Projects at Risk

    DOGE Is Putting Major Government Efficiency Projects at Risk

    In its apparent quest to cut government spending and improve efficiency, DOGE has fired entire tech teams devoted to those very things.
    Wired - Mar. 7
  • House GOP seeks spending cuts, defense increases in plan to avert shutdown

    House GOP seeks spending cuts, defense increases in plan to avert shutdown

    House Republicans on Saturday unveiled a six-month stopgap government funding plan, that seeks cuts to nondefense programs while boosting funding for defense. The bill's rollout kicks off a crucial ...
    The Hill - Mar. 8
  • The Papers: 'Benefit cut for 1m' and 'Putin must not play games'

    The Papers: 'Benefit cut for 1m' and 'Putin must not play games'

    A mix of stories make up the front of Saturday's papers, with a focus on government spending cuts and the war in Ukraine.
    BBC News - 4d
  • Tensions grow over UK government plan to cut welfare payments

    Tensions grow over UK government plan to cut welfare payments

    Work and pensions secretary Liz Kendall prepares to slash spending on health-related benefits
    Financial Times - 1d

  • The US economic trump card

    There is huge scope for householders to tap home equity lines of credit
    Financial Times - Mar. 10

  • Consumer credit rose to $5 trillion in January — 'small cracks are starting to emerge,' analyst says

    Revolving debt, which mostly includes credit card balances, jumped 8.2% in January, according to the Federal Reserve’s latest consumer credit report.
    CNBC - Mar. 10

  • Believe in Elon Musk’s $1 trillion ‘waste and fraud’ jackpot when you see it

    Musk is right about one thing: Absolutely no reasonable person should support waste or fraud in the federal government
    MarketWatch - 6d

  • Treasury Secretary Bessent says a 'detox' period for the economy does not have to be a recession

    The Trump administration is aiming for a "smooth transition" as it looks for ways to cut government spending.
    CNBC - 5d

  • Jobless claims little changed, while impact from government spending cuts expected later this spring

    Initial jobless claims fell by 2,000 to 220,000 in the week that ended on March 8, the Labor Department said Thursday.
    MarketWatch - 5d
  • Louisiana voters in Speaker Johnson’s district react to Medicaid cut threats

    Louisiana voters in Speaker Johnson’s district react to Medicaid cut threats

    Residents of Vinton, La., which is part of House Speaker Mike Johnson’s district, are concerned that Republicans will make cuts to Medicaid to reduce government spending. NBC News’ Melanie Zanona ...
    NBC News - 6d

  • ‘A horrible situation’: the entrepreneurs caught in R&D tax credit debacle

    Small businesses owners have been targeted in HMRC crackdown
    Financial Times - 5d
  • Senate Democrats insist on voting on 30-day government funding bill

    Senate Democrats insist on voting on 30-day government funding bill

    Senate Democrats say they will not vote for the House-passed six-month government funding package, which would boost defense spending and cut nondefense programs, unless they first get a vote on a ...
    The Hill - 6d
  • Congressional Republicans unveil spending plan to avert government shutdown

    Congressional Republicans unveil spending plan to avert government shutdown

    Congressional Republicans unveiled their plan for a spending bill to avert a government shutdown as the deadline approaches this Friday. NBC News’ Yamiche Alcindor reports.
    NBC News - Mar. 9

  • House Republicans unveil spending plan with government shutdown deadline set for Friday

    Republicans in the House released a stopgap spending plan over the weekend that would delay a government shutdown for at least six months, but it's unclear if they have the votes to pass the ...
    CBS News - Mar. 10
  • Trump Signs Spending Bill to Fund Government

    Trump Signs Spending Bill to Fund Government

    The bill was passed just hours before a midnight deadline to avoid a lapse in funding, which would have shut down the government.
    The New York Times - 3d
  • The UK is cutting welfare spending to urge people to work. Critics say it will hurt the vulnerable

    The UK is cutting welfare spending to urge people to work. Critics say it will hurt the vulnerable

    Britain’s Labour Party government has announced an overhaul of the welfare system it says will save the cash-strapped administration 5 billion pounds, or $6.5 billion
    ABC News - 15h

  • Some Senate Democrats split over spending bill to avert government shutdown

    Senate Minority Leader Chuck Schumer said Republicans don't currently have the votes to pass the short-term spending bill. Some Democrats say they are split over whether to support the stopgap ...
    CBS News - 6d
  • ‘Not quite yet beautiful’: Republicans at odds over spending cuts after meeting Trump

    ‘Not quite yet beautiful’: Republicans at odds over spending cuts after meeting Trump

    Senate Republicans aren’t seeing eye to eye with their colleagues in the House over places to cut spending in order to pay for their extension of the 2017 Trump tax cuts. GOP members of the Senate ...
    The Hill - 4d
  • Benefits crackdown unveiled with aim to save £5bn a year by 2030

    Benefits crackdown unveiled with aim to save £5bn a year by 2030

    Measures include restricting eligibility for disability payments and cutting benefits for health conditions.
    BBC News - 13h

  • Fintech stocks plummet as Wall Street worries about consumer spending, credit

    Fintech stocks were some of the biggest decliners on Monday as the Nasdaq suffered its steepest drop since 2022.
    CNBC - Mar. 10
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Topics
  • Crackdown Government Credit
  • Government Credit Cards
  • Credit Cards Cut
  • Cards Cut Wasteful
  • Cut Wasteful Spending
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