Latest in US may exclude government spending from GDP, obscuring effect of Doge cuts
Sort by
1,750 items
-
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 - 13h -
Examining the potential ripple effects from DOGE cuts
A new report from Wired says that the Department of Government Efficiency's takeover of the federal bureaucracy is "worse than you think." Brian Barrett, the article's author and executive editor ...CBS News - 3d -
UK government insists consultancy spending cuts ‘on track’
Big firms won £1.5bn of UK government work in 2024, an increase on the previous two yearsFinancial Times - 4d -
DOGE's ripple effects in the states: From the Politics Desk
Donald Trump and Elon Musk’s initiative to dramatically slash the federal workforce is increasingly having a political ripple effect at the state level.NBC News - 4d -
DOGE Puts $1 Spending Limit on Government Employee Credit Cards
The restrictions are already in place at the General Services Administration along with several other agencies. Soon they’ll roll out to most of the federal government, sources say.Wired - Feb. 20 -
DOGE Sparks Surveillance Fear Across the US Government
The US government has increased the use of monitoring tools over the past decade. But President Donald Trump’s employee purges are making workers worry about how their data could be abused.Wired - Feb. 21 -
Deeper government cuts may include 65% reduction at EPA, Trump says
Surrounded by his cabinet, President Trump warned far deeper cuts are coming than the ones imposed so far, including potentially a 65% budget cut at the Environmental Protection Agency, which ...CBS News - 5d -
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 - 6d -
Multiple lawsuits challenging DOGE's efforts to cut federal government's size
The Trump administration is facing over 80 lawsuits that are making their way through the legal system. CBS News Department of Justice reporter Jake Rosen breaks down the latest developments.CBS News - Feb. 21 -
What 15 Americans Think About Elon Musk and DOGE’s Government Cuts
Americans across the country are deeply split over Mr. Musk, with some welcoming his cuts to government and others outraged at what they see as an abuse of power.The New York Times - 6d -
UK to raise defence spending to 2.5% of GDP by 2027
Starmer’s announcement of ‘biggest sustained rise’ since cold war comes ahead of Trump meeting on ThursdayFinancial Times - 6d -
DOGE cuts at 9/11 health program may impact first responders
Advocates for those sickened by toxins from the massive debris of 9/11 are calling on President Trump to immediately reverse cuts he made to the World Trade Center Health Program. Anthony Gardner, ...CBS News - Feb. 20 -
India’s GDP rebound offers comfort to Modi government
Data shows growth rate reached 6.2% but still well below levels needed to hit PM’s long-term goalsFinancial Times - 3d -
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 - 6d -
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 - 4d -
Starmer commits to raise UK defense spending to 2.5% of GDP by 2027
Prime Minister Keir Starmer says the U.K. will raise defense spending to 2.5% of gross domestic product by 2027ABC News - 6d -
Could Elon Musk benefit from DOGE cuts at consumer protection watchdog?
Earlier this month, President Trump fired Rohit Chopra, director of the Consumer Financial Protection Bureau. Lesley Stahl has more on the agency and the Trump administration's attempts to ...CBS News - Feb. 21 -
How the Trump and DOGE terminations — perhaps the biggest job cuts in history — may affect the economy
The Trump administration's federal mass job cuts may amount to the largest in history. That has financial ramifications for households and the economy.CNBC - Feb. 23 -
How the Trump and DOGE terminations — perhaps the biggest job cuts in history — may affect the economy
The Trump administration’s purge of federal workers may ultimately amount to the biggest job cut in U.S. history, which is likely to have ramifications for the economy, especially at the local ...NBC News - Feb. 23 -
Trump cuts financial lifeline for Venezuela's government by ending permit to export oil to US
A permit issued by the United States government allowing energy giant Chevron Corp. to pump and export Venezuelan oil will be terminated this weekABC News - 5d -
China government spending on citizens lags economic peers
Relatively low expenditure that directly supports individual consumption could undermine growth effortsFinancial Times - Feb. 23 -
Elon Musk's approach to government spending sparks debate
As head of the Department of Government Efficiency, Elon Musk has taken an aggressive approach to budget cuts. Economist Oren Cass weighs in on whether this strategy is reform or reckless ...CBS News - 6d -
Starmer defends slashing aid budget to raise defence spending to 2.5% of GDP - UK politics live
Keir Starmer says now is the time to deepen European security, as he announces new defence budget by 2027. The rightwing historian Niall Ferguson is in the audience for Badenoch’s speech, ...The Guardian - 6d -
Republicans consider major budget change to obscure deficit impact of extending Trump's tax cuts
WASHINGTON — Republicans are considering a far-reaching change to the budget process that would obscure the deficit impact of extending President Donald Trump’s multitrillion-dollar tax cuts in ...NBC News - 3d -
DOGE Is Working on Software That Automates the Firing of Government Workers
Operatives working for Elon Musk’s DOGE appear to be editing the code of AutoRIF—software designed by the Defense Department that could assist in mass firings of federal workers, sources tell WIRED.Wired - 6d -
DOGE is now dramatically raising the potential for a government shutdown
Adding Musk's cuts to spending talks could help satisfy hard-liners but alienate Democrats whose votes will be needed to fund the government.Politico - 4d -
Female athletes excluded from White House event after criticizing new NCAA policy
Some of the athletes have publicly clashed with the White House's preferred messaging by openly criticizing the NCAA in social media posts and other public statements.CBS News - 4d -
Judge allows Trump's government workforce cuts to continue
A federal judge will allow the Trump administration's cuts to the government workforce to continue after declining a request from labor unions for relief. The judge says he lacks jurisdiction and ...CBS News - Feb. 21 -
The US risks a heavy price for cutbacks in research spending
Science funding cuts may hit long-term growth and reduce US appeal to foreign investors and talentFinancial Times - 5d -
Protests at USAID building as workers pack up their desks, cuts take effect
Protesters are outside a United States Agency for International Development building in Washington, D.C., in support of fired workers. This comes after the Supreme Court's Chief Justice John ...CBS News - 4d -
What will Starmer’s defence spending buy from Trump?
Plus: Amol & Nick talk tactics over PM-President meets & remember past awkward encounters.BBC News - 4d -
An Effective Treatment for Opioid Addiction Exists. Why Isn’t It Used More?
A drug called buprenorphine may be the best tool doctors have to fight the fentanyl crisis. Why hasn’t it been more widely adopted?The New York Times - Feb. 19 -
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 - 6d