Latest in The Week: Defence Spending, Benefit Cuts and The Spring Statement
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Countries must bolster climate efforts or risk war, Cop30 chief executive warns
Ana Toni also criticises the UK’s plans to slash overseas aid to fund defence spending. Countries looking to boost their national security through rearmament or increased defence spending must also ...The Guardian - 4d -
Consumer Spending Rose Weakly in February
Tepid gains after a January dropoff indicate growing caution among U.S. shoppers amid stock market plunges and DOGE job cuts.Inc. - 4d -
Could Starmer be in for a benefits rebellion as tribes clash in his own party?
Labour may have ditched its factional in-fighting - but deep welfare cuts could reignite tensions.BBC News - 6d -
UK economy shrinks unexpectedly in blow to Rachel Reeves
ONS data showing 0.1% fall in GDP in January comes less than two weeks before chancellor’s spring statement. Analysis: Shrinking economy an unhelpful backdrop for Reeves’s growth push The UK ...The Guardian - Mar. 14 -
Deion wants foe for CU spring game; Cuse willing
Colorado coach Deion Sanders wants to save spring football games by having teams practice against another team for a week before playing them in a scrimmage.ESPN - 3d -
Israel cuts off electricity supply to Gaza
Israel says it is cutting off its electricity supply to Gaza, a week after Israel cut off all supplies of goods to the territory to over 2 million people.NBC News - Mar. 9 -
The costly end of Europe’s ‘peace dividend’
Defence spending at 3.5% of GDP would have cost EU an extra $387bn a year since finish of cold warFinancial Times - 5d -
Government debt interest costs hit highest level since 2007
Payments surpass defence spending and have risen to 3.3% of GDP for richest countries, says OECDFinancial Times - 1d -
'Wealthy tax dodgers' could benefit from IRS layoffs, Democrats warn
As the IRS faces mass layoffs, Congressional Democrats warn those staffing cuts could undermine the agency’s progress in collecting unpaid funds from “wealthy tax dodgers.”NBC News - Mar. 11 -
Senators to Trump Social Security nominee: 'You will be responsible' if benefits are interrupted
Democratic Senators Elizabeth Warren of Massachusetts and Ron Wyden of Oregon are warning Frank Bisignano, the nominee to lead the Social Security Administration, that he will be responsible if ...NBC News - Mar. 12 -
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 riseFinancial Times - Mar. 13 -
Starmer suffers cabinet uprising over UK spending cuts
Opposition grows to plans in areas such as welfare but prime minister insists he will not bend rules to allow more borrowingFinancial Times - Mar. 13 -
US shoppers cut spending as economic outlook concerns mount
Tariffs, market volatility and political uncertainty threaten to undermine key driver of growth in world’s largest economyFinancial Times - 5d -
Israel to cut off electricity supply to Gaza, minister says
Eli Cohen's announcement on Sunday came one week after Israel cut off all aid supplies to the territory.BBC News - Mar. 9 -
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 - Mar. 10 -
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 - Mar. 12 -
Cuts to Medicare, Medicaid Would Be ‘Catastrophic for Women’s Health,’ Says Chelsea Clinton
Republicans want to slash $880 billion from the agency overseeing Medicaid. There’s no way to do so without touching benefits.Inc. - Mar. 10 -
Some PIP recipients may lose out under welfare cuts
Work and Pensions Secretary Liz Kendall will set out reforms to the benefits system on Tuesday afternoon.BBC News - 4d -
White House ‘not going to cut Social Security:’ LaCivita
The White House won’t cut Social Security, President Trump’s 2024 co-campaign manager Chris LaCivita said in a new interview in response to a question about tech billionaire Elon Musk’s comments ...The Hill - Mar. 14 -
Rocky Hulne: Joy is crucial during the unpredictable spring sports season
Mar. 19—This week we are experiencing a typical start to the spring sports season. One day it's 60 degrees and sunny and the next, we have a full fledged blizzard that somehow has thunder mixed in. ...Yahoo Sports - 2d -
Statement of Purdue Pharma to 60 Minutes
Purdue Pharma provided the following statement for 60 Minutes' report Sunday, "The Settlement."CBS News - Mar. 9 -
Is The Government Backing Down Over Benefits?
Plans to freeze some disability benefits could be abandoned.BBC News - 5d -
Search continues for college student who vanished during spring break in Dominican Republic
The search for missing University of Pittsburgh student Sudiksha Konanki, who vanished last week while on a spring break trip in the Dominican Republic.NBC News - Mar. 10 -
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 - Mar. 13 -
Rayner and Cooper criticised cuts in ‘tense’ UK cabinet meeting
‘Large minority’ of ministers protested about planned spending reductions in their own departmentsFinancial Times - Mar. 14 -
Consumers are cutting back on fancy snacks. Here’s how General Mills is responding.
The packaged-food giant’s CEO doesn’t think it needs to play into “a race to the bottom on pricing,” and should instead emphasize the flavor and health benefits of its snack lineup.MarketWatch - 2d -
UK economy unexpectedly contracted 0.1% in January
Figure underscores challenge for chancellor Rachel Reeves ahead of high-stakes Spring StatementFinancial Times - Mar. 14 -
It is time to rewire ‘Treasury brain’
The chancellor’s Spring Statement is a chance to get away from the UK obsession with fiscal tightening that kills growthFinancial Times - Mar. 15 -
UK weather: temperatures in southern England could hit 19C this week
Some areas forecast to have warmer weather than Ibiza and Corfu on Thursday’s spring equinox. Parts of the UK are expected to be warmer than Ibiza and Corfu this week on the first official day of ...The Guardian - 5d -
How DOGE Cuts Aim to Push the Social Security Administration Beyond Breaking Point
Elon Musk’s federal spending and headcount slashing is supporting a longtime Republican goal: disabling the Social Security Administration while legislators can still deny they voted for cuts.Inc. - 3d -
Hegseth touts $580M in Pentagon cuts
Defense Secretary Pete Hegseth on Thursday announced the Pentagon is canceling more than $580 million in grants and contracts deemed “wasteful spending.” In a new memo, Hegseth asserts the programs ...The Hill - 1d -
Welfare uncertainty is stirring up fear, says Davey
The Liberal Democrat leader says there has not been enough detail on the government's cuts to benefits.BBC News - 2d -
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 - Mar. 10 -
Detained Georgetown University grad student never made pro-Hamas statements, attorney says
A Georgetown University graduate student from India who was taken into custody this week and targeted for deportation by the Trump administration never made any pro-Hamas or antisemitic comments, ...NBC News - 1d -
Bills to cut Von Miller
Miller's contract called for a $23.814 million salary cap hit this year, so Buffalo needed to move on. He'll test free agency this week.Yahoo Sports - Mar. 9 -
DJ Lagway works out with Anthony Richardson during Florida football's spring break
Former Florida Gators football star quarterback Anthony Richardson took current starter DJ Lagway under his wing during UF's spring break week.Yahoo Sports - 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 - Mar. 8 -
Fed likely to pause rate cuts with clouds gathering over the economy
The Federal Reserve is unlikely to cut interest rates this week despite growing concern about the state of the U.S. economy and the impact of President Trump’s trade agenda. Markets are expecting ...The Hill - 3d -
With 2 weeks until opener, Rays ‘need to do some things better’
PORT CHARLOTTE — The first month of spring training for the Rays has gone relatively well, with no major injuries or issues, and some signs of offensive spark. But with the March 28 season opener ...Yahoo Sports - Mar. 14 -
Adidas Promo Codes & Deals: Up to 50% Off in March 2025
Save up to 50% at the Adidas Spring Sale and join the adiClub to enjoy great benefits, like 15% off, plus other member-exclusive deals.Wired - 3d
