Latest in Delta, Southwest, American Airlines Cut Forecasts, an Early Alarm About Consumer Spending
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Delta warns on profit as economic ‘uncertainty’ dents US demand
Shares tumble more than 12% after-hours as carrier cuts quarterly revenue and earnings outlook by halfFinancial Times - 1d -
Canada cuts rates as trade war shakes consumer and business confidence
Reduction to 2.75% comes hours after US tariffs on aluminium and steel take effectFinancial Times - 32m -
UK retail sales rise ‘modestly’ as consumers remain cautious
Shoppers continued to cut volume of goods they purchased in February, industry data indicatesFinancial Times - 1d -
Texas man accused of violent assault on American Airlines flight to D.C.
The FBI arrested a Texas man, Asterius Rulamka, for allegedly beating one passenger, attempting to strike another, injuring a second passenger and vulgarly berating a flight attendant.CBS News - 1d -
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 - 4d -
G.O.P. Spending Bill Would Force $1 Billion Cut to D.C. Budget
Republicans omitted a standard provision approving the District’s budget in a stopgap funding measure needed to avert a shutdown before the end of the week. The result would be a 16 percent cut.The New York Times - 21h -
More NOAA Employees May Be Let Go, Making 20% of Staff Cut
Together with recent firings and resignations, the new cuts could hamper the National Weather Service’s ability to produce lifesaving forecasts, scientists say.The New York Times - 1d -
Xbox Alpha update teaches a lesson about creating early-adopting updates
An insider alpha update on the Xbox resets the console back to factory settings and is a lesson for software engineers going forward.VentureBeat - 4d -
Dick's Sporting Goods is latest retailer to forecast rocky 2025 as recession fears swirl
Dick's Sporting Goods issued weak guidance for 2025 as consumers contend with tariffs, persistent inflation and fears around a potential recession.CNBC - 1d -
Market alarms are flashing, and Citi’s latest downgrade adds fuel to the fire
Like other Wall Street banks, Citigroup is worried about the state of the U.S. economy, and recommend putting money elsewhere. For now.MarketWatch - 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 - 17h -
How concerned should Americans be about a potential recession?
President Trump's tariffs and a string of rough days on Wall Street are stoking anxiety over a possible recession in the United States. Kristin Myers, editor-in-chief for ETF.com, joined CBS News ...CBS News - 3h -
Watchdogs fired by Trump raise alarms over future of independent oversight
President Trump has fired several independent government watchdogs. They're now sharing warnings about what it could mean for federal oversight.CBS News - 2d -
Top House Democrats press Senate colleagues to sink GOP spending bill
The top House Democrats are pressing their fellow party members in the Senate to kill the Republicans’ spending bill when it reaches the upper chamber, saying the proposal will hurt Americans ...The Hill - 17h -
U.S. stocks plunge as Americans worry about a recession | Special Report
Stocks in the U.S. cratered as investors fret about a potential recession and the changing tariffs that have evolved into a trade war with several nations. President Trump declined to refute the ...CBS News - 1d -
Veterans cuts spark GOP backlash on Capitol Hill
"We don't need to be reading memos in the paper about 20 percent cut at the VA," Sen. Lindsey Graham said.Politico - 5d -
A big inflation report is on the way Wednesday. Here's what to expect
The consumer price index for February is forecast to show an increase of 0.3% for goods and services across the largest economy in the world.CNBC - 20h -
Lara Trump: Americans should be 'kissing the feet of Elon Musk and Donald Trump'
Fox News host and former Republican National Committee co-Chair Lara Trump argued Americans should be thankful for the work billionaire Elon Musk is doing on behalf of President Trump to shrink the ...The Hill - 1d -
Laid-off FEMA employees speak out about DOGE cuts
Elon Musk today said that his Department of Government Efficiency is cooperating with cabinet secretaries on downsizing the federal bureaucracy. Since Inauguration Day, more than 200 FEMA employees ...NBC News - 1d -
3 warning signs about the future of government oversight
Taken together, these three elements will show the American public whether the Trump administration is serious about federal oversight.The Hill - 22h -
Ban on helicopter traffic around D.C. airport expanded in wake of American Airlines crash
A ban has been expanded on helicopters operating along the route involved in January's deadly mid-air collision near Washington's Reagan National Airport. Gregory Feith, former senior air safety ...CBS News - 2h -
White House renews Social Security pledge after Musk comments
The White House is trying to assure Americans that President Trump will not make cuts to Social Security and Medicare after adviser Elon Musk went after entitlement spending. {beacon} Health Care ...The Hill - 17h -
More NOAA cuts, 1,000 layoffs expected, sources say
National Oceanic and Atmospheric Administration (NOAA) employees are expecting more layoffs at the agency, sources say. This comes after drastic cuts as part of President Trump's measures to shrink ...CBS News - 1d -
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 - 1h -
Uncertain Shoppers Slow Spending as Retailers Temper 2025 Expectations
The Conference Board said consumer confidence took its biggest one-month slide in four years, forcing many national chains to lower earnings guidance.Inc. - 5d -
Boosted defence spending will come at cost of manifesto pledges
Government should level with public about which promises it cannot afford to keepFinancial Times - 2d -
VA secretary: Cutting 80,000 jobs ‘is our target’
Veterans Affairs Secretary Doug Collins said his agency is looking to cut 80,000 jobs as their “target” to slim the agency’s workforce. Collins joined Fox & Friends on Monday, where he was pressed ...The Hill - 1d -
Malnutrition food product sees funding affected by USAID cuts
Plumpynut is a life-saving food product that can bring a malnourished child back to health in just weeks. But the Trump administration's cuts to USAID essentially canceled funding to two American ...CBS News - 4d -
Here's what today's CPI report says about inflation
The inflation rate last month was slightly lower than forecast by economists, although price increases are still higher than the Fed would like.CBS News - 3h -
Bill O'Reilly: Trump should be 'looking to reassure Americans' on economy
Former Fox News host Bill O'Reilly believes President Trump should be concerned about getting his economic message across as Americans face the rocky impact of his tariff policies and continued ...The Hill - 1d -
Former USAID employees on cuts: 'We are going to put lives in jeopardy'
Two former employees of the U.S. Agency for International Development (USAID), who were fired last month, told CNN the 83 percent spending cuts Secretary of State Marco Rubio announced Monday would ...The Hill - 1d -
Trump administration cancels disaster training for meteorologists amid staffing, travel cuts
The Trump administration has canceled a training that prepares meteorologists to forecast during disasters, The Hill has learned. The incident meteorologist training for the National Weather ...The Hill - 20h -
New Chinese tariffs add pressure on American farmers amid ongoing trade war
China's new tariffs on U.S. agricultural goods take effect today, cutting into American farmers' largest overseas market. The move follows the White House's decision to end a major source of farm ...CBS News - 2d -
Keir Starmer defends planned welfare cuts to anxious Labour MPs
Prime minister wants to reform disability benefit payments to help fund greater spending on defenceFinancial Times - 1d -
CFPB official details DOGE ‘chaos’ in overtaking agency
A top official at the Consumer Financial Protection Bureau (CFPB) gave an inside account of the “chaos” and “confusion” that overtook the agency when the Department of Government Efficiency (DOGE) ...The Hill - 1d -
Eating on $6 a month: Rohingya refugees brace for food reductions amid aid cuts by U.S. and others
Rohingya refugees in crammed Bangladeshi camps say they are worried about a U.S. decision to cut food rations by half beginning next month.NBC News - 2d -
I keep fantasising about living in total solitude in a forest
Maybe your isolation vision reflects a need to escape from the weight of responsibility that life inevitably brings. The question I am a woman in my early 30s and about two years ago, I moved ...The Guardian - 3d -
The U.S. dollar is still the world’s currency — but maybe not for much longer
Concerns are rising about the sustainability of U.S. government debt and spending.MarketWatch - 4d -
DC plane crash: NTSB calls for immediate changes at Reagan airport
Investigators issued their preliminary report Tuesday in the probe into the devastating crash between an American Airlines plane and a U.S. Army Black Hawk helicopter.ABC News - 21h -
E.C.B. Cuts Interest Rates Again, With an Uncertain Path Ahead
Vows by European leaders to increase borrowing to ramp up military spending have reshaped the fiscal picture that the central bank must confront.The New York Times - 5d