Latest in ECB cuts rates. Lagarde in spotlight after German bonds tumble on spending plan.
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White House pushes back on criticism of Trump spending cuts
White House press secretary Karoline Leavitt on Friday said Americans support the massive job and spending cuts President Trump has enacted across the federal government since returning to the Oval ...CBS News - Feb. 21 -
Starmer announces big cut to UK aid budget to boost defence spending
PM confirms rise in military spending to 2.5% of GDP by 2027 – three years earlier than planned. Keir Starmer has announced drastic cuts to Britain’s international aid budget to help pay for a ...The Guardian - Feb. 25 -
DOGE Quietly Deletes the 5 Biggest Spending Cuts It Celebrated Last Week
The cuts, highlighted on an earlier version of the “wall of receipts” posted by Elon Musk’s team, contained mistakes that vastly inflated the amount of money saved.The New York Times - Feb. 25 -
US House passes budget resolution to cut taxes and spending by trillions
Bill would lead to large increase in America’s deficit, independent analysts sayFinancial Times - Feb. 26 -
White House says EPA will cut 65 percent of spending, not staff
Shortly after President Trump said Environmental Protection Agency (EPA) Administrator Lee Zeldin plans to cut 65 percent of the agency’s staff, the White House clarified and said Trump was ...The Hill - Feb. 27 -
U.S. Economy Shows Signs of Strain From Trump’s Tariffs and Spending Cuts
Consumer and business sentiment is wobbling as fiscal support fades and fears rise that tariffs will lead to higher prices.The New York Times - Feb. 27 -
How do Americans feel about inflation, tariffs, spending cuts?
President Trump is expected to lay out his legislative priorities during his address to Congress tonight. CBS News polling has some insights on what Americans want to see from lawmakers. CBS News ...CBS News - 1d -
Warning of economic uncertainty as Walmart stocks tumble after retailer lowers sales outlook
CBS News MoneyWatch correspondent Kelly O'Grady joins "CBS Mornings" to analyze a possible sign that the economy could slip back this year due to lower consumer spending. Walmart's yearly sales ...CBS News - Feb. 21 -
Shares of Hims & Hers tumble 26% after FDA says semaglutide is no longer in shortage
Shares of Hims & Hers tumble 26% after FDA says semaglutide is no longer in shortageCNBC - Feb. 21 -
Hims & Hers shares tumble after company misses on margin, says may stop selling some weight loss drugs
Hims & Hers Health reported fourth-quarter results on Monday that beat analysts' expectations, but the stock sank in extended trading.CNBC - Feb. 24 -
Cuts to Medicaid possible if Johnson's budget plan passes
Lawmakers on Capitol Hill are concerned about potential cuts to Medicaid if House Speaker Mike Johnson's budget proposal is passed. CBS News' Caitlin Huey-Burns reports.CBS News - Feb. 25 -
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Hegseth’s Plans to Reshape the Military Start With Cuts
At the same time, Republican lawmakers are aiming to add more than $100 billion to the Pentagon’s proposed budget, which would push military spending close to $1 trillion a year.The New York Times - 2d -
Major VA job cuts planned under Trump
{beacon} Welcome to The Hill's Defense & NatSec newsletter {beacon} Defense &National Security Defense &National Security The Big Story Major VA job cuts planned under Trump The Department of ...The Hill - 20h -
Trump holds 52 percent approval rating after first month in office
President Trump holds a 52 percent approval rating in after his first month back in the Oval Office, polling shows. A Harvard CAPS/Harris survey found that 33 percent strongly approved of the ...The Hill - Feb. 24 -
Darius Slay released: Examining Eagles' CB plans going forward, including bringing him back at reduced rate
As it stands now, Cooper DeJean is in line for a full-time roleCBS Sports - 3d -
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Two dead after car driven into crowds in German city of Mannheim
Woman, 83, and man, 54, killed and several injured after attack by SUV driver during carnival celebrations. A car has rammed into crowds in the centre of the German city of Mannheim, killing two ...The Guardian - 3d -
At least two dead after car driven into crowd in German city of Mannheim
Forty-year-old man from Germany arrested after incident that follows other fatal assaults in the countryFinancial Times - 3d -
Interest Rate Cuts on Hold Till Inflation Improves, Fed Meeting Minutes Show
Officials are debating when to restart interest rate cuts, as high prices linger and Trump’s policies add to economic uncertainty.The New York Times - Feb. 20 -
Bank of Korea slashes rates to lowest since August 2022 on economic worries, cuts growth forecast
The Bank of Korea cut rates to 2.75% from 3%, in line with expectations from economists polled by Reuters, trimming rates for the third time in four meetings.CNBC - Feb. 25 -
European Central Bank cuts rates again, says policy is becoming 'meaningfully less restrictive'
The ECB cut interest rates by 25 basis points and struck a more hawkish tone in its communication.CNBC - 7h -
Starmer prepares to meet Trump after raising defence spending
The PM will head to Washington a day after announcing military budgets would rise to 2.5% of national income by 2027.BBC News - Feb. 26 -
Pope spends a peaceful night after bronchial crisis causes setback in recovery
Pope Francis spent a peaceful night and is resting and had suffered no other crises, the Vatican said in a short update on Saturday morning, after he suffered a bronchial crisis that caused a ...NBC News - 5d -
Pope Francis spends peaceful night after breathing crisis, Vatican says
Doctors caring for pontiff, 88, are assessing how Friday’s incident will affect his condition, says official. Pope Francis, who has been in hospital for two weeks with pneumonia in both lungs, has ...The Guardian - 5d -
Netflix Plans to Spend $1 Billion Making Content in Mexico Over the Next 4 Years
Netflix CEO Ted Sarandos says the money will go toward projects like Alfonso Cuarón’s film Roma, which was made in Mexico and went on to international acclaim.Wired - Feb. 20 -
EU chief proposes plan to 'urgently' increase defense spending by mobilizing around $840 billion
"Europe is ready to massively boost its defense spending," European Commission President Ursula von der Leyen said Tuesday.CNBC - 2d -
Why 10-year Treasury note, dollar are getting hit by Germany’s spending plans
Germany is about to enter what its next chancellor, Friedrich Merz, calls a historic “whatever it takes” moment of significant fiscal expansion to ramp up military spending and boost its economy, ...MarketWatch - 1h -
U.S. Consumers Cut Spending More Drastically in January Than Any Other Time in the Past Four Years
The threat of tariffs has led shoppers to tighten their purse strings.Inc. - 6d -
International aid is as vital as defence spending – cutting either undermines British security | Emily Darlington
When funding to support vulnerable countries is withdrawn, the risk of war and global destabilisation increases. National defence and international development are two sides of the same coin. Our ...The Guardian - 4d -
US may exclude government spending from GDP, obscuring effect of Doge cuts
Howard Lutnick’s remarks echo Elon Musk, who says government spending doesn’t create value for US economy. US politics live – latest updates Howard Lutnick, the US commerce secretary, said on ...The Guardian - 3d -
Jeffries says Johnson's budget plan could lead to big Medicaid cuts
House Minority Leader Hakeem Jeffries is warning that House Speaker Mike Johnson's budget proposal would lead to Medicaid cuts. CBS News' Taurean Small reports.CBS News - Feb. 25 -
Trump says Zeldin plans to cut up to 65 percent of EPA staff
President Trump said Wednesday that Environmental Protection Agency (EPA) Administrator Lee Zeldin has floated cutting the agency’s workforce by up to 65 percent. Speaking at the inaugural Cabinet ...The Hill - Feb. 26 -
Trump says House budget plan will not cut Medicaid benefits
President Trump said the budget plan he endorsed and that passed in the House will not lead to cuts to Medicaid benefits. CBS News' Caitlin Huey-Burns has more.CBS News - Feb. 26 -
GOP Gambles on Budget Plan That Helps the Rich and Cuts Aid to the Poor
The House Republican budget plan would pair tax cuts that primarily benefit the rich with cuts to programs that help the poor.The New York Times - Feb. 27 -
Jeffries warns major Medicaid cuts are coming with budget plan
House Minority Leader Hakeem Jeffries says cuts to Medicaid will emerge from the budget negotiations in Congress. CBS News' Nidia Cavazos reports as President Trump and House Speaker Mike Johnson ...CBS News - Feb. 27 -
Trump administration plans to cut 80,000 jobs from VA
The Department of Veterans Affairs (VA) is planning to cut 80,000 jobs as part of an “aggressive” reorganization of the agency this summer, according to The Associated Press, which cited an ...The Hill - 1d -
VA plans to cut thousands more jobs as part of Trump's cost-cutting efforts
A memo from the Department of Veterans Affairs' chief of staff said the agency aims to return its workforce to just under 400,000 employees.CBS News - 23h -
VA plans to cut thousands more jobs as part of Trump's cost-cutting efforts
A memo from the Department of Veterans Affairs' chief of staff said the agency aims to return its workforce to just under 400,000 employees.CBS News - 21h
