Latest in US shoppers cut spending as economic outlook concerns mount
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Farms, Food Banks Cut Off Guard By Spending Cuts
Promising a return to “fiscally responsible initiatives,” the Agriculture Department ended two Biden-era programs that paid farmers to provide food to schools and low-income families.The New York Times - 3d -
The team behind Trump’s economic shock therapy
The US president’s officials are standing by their strategy to remake the world’s largest economyFinancial Times - 5d -
With Medicaid cuts looming, misinformation about immigrants, especially Latinos, spreads
As Republican lawmakers move to cut Medicaid spending, misinformation about immigrants, especially about Latinos, is spreading on social media.NBC News - 4d -
The Papers: 'Benefit cut for 1m' and 'Putin must not play games'
A mix of stories make up the front of Saturday's papers, with a focus on government spending cuts and the war in Ukraine.BBC News - 2d -
Treasury Secretary Bessent says he’s not concerned about the current stock market volatility
Bessent downplays signals of weak first-quarter economic growthMarketWatch - 3d -
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 - 5d -
Burn pit fund for veterans on chopping block in GOP spending bill
Democratic lawmakers and veterans’ groups are fuming over a provision in a stopgap federal spending bill passed by House Republicans this week that would cut a Department of Veteran Affairs fund ...The Hill - 2d -
Trump economic adviser: US 'launched a drug war, not a trade war' with Mexico, Canada
Kevin Hassett, the Trump administration’s National Economic Council director, said the United States has not launched a trade war with Mexico and Canada but “a drug war.” Hassett joined ABC News’s ...The Hill - Mar. 9 -
Watch live: White House holds briefing as fears over economy, trade war mount
White House press secretary Karoline Leavitt will hold a press briefing Tuesday afternoon as President Trump's tariffs and dips in the stock market have raised concerns over the economy. Trump on ...The Hill - 5d -
Latest news on stock markets plunging amid fears of a recession
U.S. stocks plummeted as fear among investors grows over the country's economic future. CBS News' Weijia Jiang reports from the White House, and Kelly O'Grady and Javier David have more on the ...CBS News - 6d -
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 - Mar. 8 -
One of Wall Street's biggest bulls cuts his S&P 500 outlook, blaming Trump's tariffs
Widely followed strategist Ed Yardeni, one of the biggest bulls on Wall Street, lowered his market forecast, saying President Donald Trump’s tariffs raise the risk of stagflation.NBC News - 3d -
Delta Air Lines slashes earnings outlook on weaker U.S. demand, sending shares lower
Delta Air Lines cut its first-quarter revenue and profit forecasts, citing weaker consumer and corporate travel demand.CNBC - 6d -
Treasury Secretary Scott Bessent "not concerned" about market volatility
Treasury Secretary Scott Bessent is trying to reassure the public about the state of the economy amid recent market struggles following President Trump's tariff threats. David Wessel, Brookings ...CBS News - 3d -
NL East preview: Mets have a major concern, Phillies and Braves are neck and neck | Baseball Bar-B-Cast
It's division preview pod season on the pod as we kick it off by previewing the entire NL East. Jake Mintz and Jordan Shusterman breakdown the 2025 season outlook for the Miami Marlins, Washington ...Yahoo Sports - 6d -
House Republicans unveil spending bill boosting defense and trimming all else
Strategy is not likely to earn Democrats’ votes, so Trump is leaning on Republicans to force it through. US House Republicans unveiled a spending bill Saturday that would keep federal agencies ...The Guardian - Mar. 8 -
Ireland urged to ‘wake up’ as Trump exposes economic reliance on the US
Economy faces ‘frog in a pot’ problem unless infrastructure and innovation improve urgentlyFinancial Times - Mar. 10 -
Wall Street stocks drop as investors fret over US economic slowdown
Tech shares hit as Tesla gives up all its post-election gainsFinancial Times - 6d -
US junk bonds slide as Trump’s tariffs spark economic worries
Premium investors’ demand to hold riskier debt jumps to highest level in six monthsFinancial Times - 4d -
Trump urged to appoint N Ireland envoy amid US investment ‘concern’
Lawmakers call on president to continue tradition of sending an emissary to the regionFinancial Times - Mar. 10 -
US stock futures inch higher after selloff amid recession concerns
Dow futures traded up 156 points, or about 0.36%.ABC News - 5d -
How Nigeria’s Dangote refinery is fuelling a petrol price war
The economic case for cutting prices tells only half the storyFinancial Times - 5d -
Democratic leaders amp up pressure on Senate colleagues to oppose GOP spending bill: ‘Stand with us’
The leading Democrats in the House are ramping up the pressure on Senate Democrats to oppose the GOP’s spending bill, warning that the proposal would slash crucial public services to vulnerable ...The Hill - 4d -
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 - 3d -
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 - 3d -
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 - 6d -
In rural Louisiana, Speaker Mike Johnson’s constituents fear potential Medicaid cuts
In House Speaker Mike Johnson’s backyard, many residents rely on anti-poverty programs to help make ends meet — and are pleading with the Louisiana Republican to protect those benefits as Congress ...NBC 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 - 2d -
Trump administration's climate rollbacks spark concerns over environmental fallout
The Trump administration is moving forward with what EPA Administrator Lee Zeldin calls the "largest deregulatory action in U.S. history," aiming to undo 31 environmental regulations. The changes ...CBS News - 2d -
Trump administration briefing: US backs Russia ahead of G7, Republican spending bill boosts defense
US has reportedly rejected Canadian proposal to tackle Russian ‘shadow fleet’, Republican bill trims everything aside from defense – key US politics stories from Saturday at a glance. The US has ...The Guardian - Mar. 9 -
Rayner and Cooper criticised cuts in ‘tense’ UK cabinet meeting
‘Large minority’ of ministers protested about planned spending reductions in their own departmentsFinancial Times - 2d -
Johns Hopkins University says it is cutting more than 2,000 workers due to cut to federal aid
Johns Hopkins University said Thursday that it is cutting over 2,000 workers because of a federal funding cut. “The termination of more than $800 million in [U.S. Agency for International ...The Hill - 3d -
Pentagon Cuts Threaten Programs That Secure Loose Nukes and Weapons of Mass Destruction
Documents obtained by WIRED show the US Department of Defense is considering cutting up to 75 percent of workers who stop the spread of chemical, biological, and nuclear weapons.Wired - Mar. 6 -
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 - 3d -
Lutnick says Trump's policies are "worth it" even if they lead to recession
The president's tariff announcements have rocked the stock markets and fueled concerns of an economic downturn.CBS News - 5d -
Wall Street begins to cut S&P 500 targets as tariff worries rock the stock market. Should investors be concerned?
Only a few months into 2025, the sharp decline of the U.S. stock market has prompted some of Wall Street’s top forecasters to scale back their bullish predictions for the S&P 500.MarketWatch - 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 - 6d -
Can Mark Carney win an election in Canada and a trade war with the US?
Former central banker has strong economic credentials but is untested politicallyFinancial Times - Mar. 9 -
Trump’s Cuts to Federal Work Force Push Out Young Employees
The loss of early career workers has raised concerns about the impact on the next generation of civil servants.The New York Times - Mar. 6 -
What happens to gift cards when a chain like Joann or Dollar General closes stores? Here’s what shoppers can do.
Fabrics giant Joann is closing, and the store has stopped taking gift cards — upsetting many customers. Here’s what shoppers should know.MarketWatch - 1d