Latest in DOGE Taps Tech Heavyweights Travis Kalanick and Marc Andreessen to Spearhead Federal Cost Cutting Program
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DOGE Taps Tech Heavyweights Travis Kalanick and Marc Andreessen to Spearhead Federal Cost-Cutting Program
The Department of Government Efficiency is recruiting entrepreneurs to begin attempting to slash government spending.Business - Inc. - Yesterday -
23andMe to slash 40% of its workforce, end therapeutics program to cut costs
DNA-testing company 23andMe Holding Co. will slash its workforce by about 40% and discontinue its therapeutics program as part of a restructuring effort to cut costs, the company said Monday.Business - MarketWatch - November 12 -
Here's where Elon Musk says his DOGE will aim to cut federal spending
Billionaires Elon Musk and Vivek Ramaswamy say the Department of Government Efficiency has targets in mind for cost cutting.Top stories - CBS News - 5 days ago -
‘DOGE’ might be a punchline, but wasteful federal spending is the real joke
The DOGE is finally going to turn the bureaucracy into something Americans can be proud of, and we should all unite in supporting that effort.Politics - The Hill - 2 days ago -
Maryland is the first state to sign into new federal health care program
Maryland is the first state to sign an agreement with the federal government designed to improve health care and lower costsHealth - ABC News - November 1 -
Republicans unveil emergency bill to fund tapped-out disaster loan program
Senate Republicans released legislation this week that aims to replenish funds for a key federal program that provides disaster loans to businesses and homeowners. Sen. Thom Tillis (R-N.C.) led ...Politics - The Hill - October 29 -
Trump wants a mass deportation program. How much could it cost?
One report estimates it would cost tens, or hundreds, of billions a year.Top stories - ABC News - November 1 -
How likely are major cuts from Trump, Musk and Ramaswamy's "DOGE"
President-elect Donald Trump's Department of Government Efficiency, headed by Elon Musk and Vivek Ramaswamy, has vowed to cut $2 trillion in government spending. CBS News MoneyWatch correspondent ...Top stories - CBS News - November 19 -
Khanna says Democrats will work with Musk's DOGE on cutting defense budget
Rep. Ro Khanna (D-Calif.) on Monday suggested that Democrats could work with tech billionaire Elon Musk’s “Department of Government Efficiency” (DOGE) on cutting the defense budget. The issue came ...Politics - The Hill - Yesterday -
Federal Reserve cuts interest rates by a quarter point
The Federal Reserve approved its second consecutive interest rate cut Thursday.Business - CNBC - November 7 -
Volkswagen in Drive to Cut Costs as Earnings Plunge
The automaker said it needed to urgently cut costs after reporting a sharp fall in third-quarter earnings hurt by weaker car sales in China.Business - The Wall Street Journal - October 30 -
Why mortgage costs are rising despite interest rate cut
Lenders have been raising the cost of fixed-rate deals creating a headache for buyers and those remortgaging.Top stories - BBC News - November 15 -
Trump advisers contemplating cuts to Medicaid and other welfare programs
Further plans include blows to food stamps that could threaten millions of Americans to fund tax cut extensions . Donald Trump ’s economic advisers and congressional Republicans are discussing ...World - The Guardian - November 18 -
With DOGE, Elon Musk Wants to Bring His Brutal Managerial Style to the Federal Government. But He Doesn’t Own It. Yet
Running the government like a corporation isn’t a new idea. It also doesn’t work.Business - Inc. - November 18 -
Awaiting DOGE, Musk Joins Amazon in Attacks on Federal Labor Regulator’s Legal Status
Court cases by SpaceX and Amazon opened against the National Labor Relations Board are a long-odds effort to eviscerate the regulatory body before Musk’s DOGE onslaught begins.Business - Inc. - November 19 -
Rep. Marjorie Taylor Greene tapped to work with Elon Musk and Vivek Ramaswamy as new DOGE subcommittee chair
Greene's group will share the DOGE acronym with the entity commissioned by President-elect Donald Trump and led by billionaires Elon Musk and Vivek Ramaswamy.Business - CNBC - 5 days ago -
U.S. Nordic combined salvages program with grant from International Ski and Snowboard Federation
The United States Nordic combined program has been salvaged for the upcoming World Cup season, receiving desperately needed financial help from the International Ski and Snowboard FederationSports - ABC News - November 6 -
Trump’s tax cuts and Musk’s Doge show they have no idea about US debt | Jeffrey Frankel
It is often said the tycoons know how to put America’s fiscal house in order – but the smart money says that’s not the case. When the US presidential election was called for Donald Trump, the yield ...World - The Guardian - 5 days ago -
Marjorie Taylor Greene to head new DOGE House subcommittee with plans to cut 'waste'
Rep. Marjorie Taylor Greene will chair a new subcommittee aimed at eliminating government waste under the newly formed “Department of Government Efficiency.”Top stories - ABC News - 4 days ago -
Musk’s ‘DOGE’ commission wants to cut trillions in government spending. Social Security and Medicare make prime targets.
Voters said they’ve had enough hardship. But Elon Musk says more is needed.Business - MarketWatch - 3 days ago -
Why the Federal Reserve Rate Cut Isn’t Lowering Your Loan Rates
Fed rate cuts and lending rates do not always experience like-to-like movement. Here’s a quick look at rates, and what to expect moving forward.Business - Inc. - October 30 -
Federal Reserve to Cut Rates Again Despite Unclear Post-Election Outlook
Two days after the election, the Federal Reserve will cut rates again.Business - Inc. - November 3 -
What to know about the interest rate cut expected from the Federal Reserve
Another interest rate cut is expected to be announced Thursday afternoon by Federal Reserve Chair Jerome Powell. CBS News business analyst Jill Schlesinger has more details.Top stories - CBS News - November 7 -
Powell: Fed won't 'speculate' about Trump's impact on economy
The Federal Reserve cut interest rates by 0.25 percentage points on Thursday, the second consecutive cut since a two-year rate hike run to curb post-pandemic inflation, as the economy and labor ...Politics - The Hill - November 7 -
Federal Reserve cuts interest rate for second time in 2024
The Federal Reserve announced an interest rate cut of 0.25 percentage points as inflation continues to cool. CBS News business analyst Jill Schlesinger breaks down the announcement and CBS News ...Top stories - CBS News - November 7 -
Facing Post-Election Concerns, Federal Reserve Cuts Rate by Quarter-Point
After Donald Trump’s election win, the Federal Reserve cut its benchmark interest rate to about 4.6 percent.Business - Inc. - November 7 -
How the Federal Reserve interest rate cut could affect Americans
The Federal Reserve's latest interest rate cut could affect Americans who are borrowing money or are saving money. Jacob Sonenshine, a markets reporter at Barron's, joins CBS News with more on the ...Top stories - CBS News - November 7 -
Federal Reserve cuts interest rates another quarter-point
The Federal Reserve on Thursday lowered its benchmark borrowing rate by 0.25 percentage points. Kelly O'Grady examines what the move could mean for Americans' pocketbooks.Top stories - CBS News - November 7 -
Chicago Federal Reserve President Encourages Cautious Rate Cuts
Some policymakers want to ensure the labor market doesn’t cool more, suggesting additional rate cuts.Business - Inc. - 5 days ago -
Volkswagen Could Close 3 Plants in Germany to Cut Costs
The auto maker’s top employee representative told workers that management planned to shutter factories for the first time in the company’s 87-year history.World - The New York Times - October 28 -
For First Time in 87 Years, Volkswagen May Close 3 Plants in Germany
The automaker’s top employee representative told workers that management planned to shutter the factories to cut costs amid slumping sales.Top stories - The New York Times - October 28 -
Spirit Airlines furloughs more pilots as part of efforts to cut costs
Spirit Airlines Inc. on Wednesday said it would furlough around 330 pilots early next year, the latest money-saving effort by the struggling discount carrier to stay afloat as it wrangles with ...Business - MarketWatch - October 31 -
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BT says UK Budget will lift costs by £100mn as it lowers revenue guidance
Chief executive Allison Kirkby calls increase a ‘new inflationary pressure that we need to suffer in our business’World - Financial Times - November 7 -
Rivian Reassures Investors With Cost Cuts, Green Credit Sales
Despite weak EV demand, the truck maker said it’s on track to make a gross profit in the last three months of the year.Business - Inc. - November 8 -
Deutsche’s private bank fires over 100 bankers in cost-cutting drive
Frankfurt-headquartered lender has imposed demanding targets on underperforming unitBusiness - Financial Times - November 11
