Latest in Administration Slashing Usaid
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World’s biggest offshore wind developer Ørsted slashes investment by 25%
Danish company attempts to recover from botched US expansion and restore struggling share priceFinancial Times - 1d -
USAID announces nearly all direct hires will be placed on administrative leave
USAID announced Tuesday night that almost all direct hires around the world will be placed on administrative leave later this week.NBC News - 2d -
USAID workers placed on administrative leave 'until further notice'
Employees at the U.S. Agency for International Development (USAID) are being placed on administrative leave with pay "until further notice," according to letters reviewed by The Hill. Employees ...The Hill - 2d -
Rubio accuses USAID of 'rank insubordination'
Secretary of State Marco Rubio called out the U.S. Agency for International Development (USAID) on Monday for what he called "rank insubordination," adding that the agency and its procedures need ...The Hill - 2d -
Gwyneth Paltrow finally sells her L.A. mansion after slashing the price by $8 million
The actress turned wellness guru sold the elegant Brentwood estate for $22 million.MarketWatch - 2d -
Nintendo posts profit miss as it slashes Switch forecast again ahead of console's successor
Nintendo investors and fans are awaiting more details on the Switch 2, the successor to the company's near eight-year-old Switch console.CNBC - 3d -
Goldman slashes investment minimum for new alumni fund
1869 scheme will invest in Wall Street bank’s private market vehiclesFinancial Times - 3d -
Lawmakers, legal experts warn shuttering USAID is unconstitutional
Lawmakers and legal experts are warning the Trump administration’s efforts to shutter the government’s foreign assistance agency is unconstitutional and is likely to face challenges in court. Over ...The Hill - 3d -
USAID worker-turned-lawmaker: 'This is no way to govern'
Sen. Andy Kim (D-N.J.), a former U.S. Agency for International Development (USAID) employee, was among a chorus of Democrats on Monday blasting the turmoil surrounding the agency. “You have ...The Hill - 3d -
5 takeaways on Musk, Trump war with USAID
President Trump and billionaire tech entrepreneur Elon Musk have moved to shut down the U.S. Agency for International Development (USAID), which spent some $30 billion last year on humanitarian, ...The Hill - 3d -
Rubio notifies Congress of potential USAID 'reorganization'
Secretary of State Marco Rubio notified Congress on Monday that there could potentially be a reorganiztion of the U.S. Agency for International Development (USAID), as the separate agency appears ...The Hill - 3d -
What is USAID and how did it become a political firestorm?
Learn more about what USAID is and how it works after Department of Government Efficiency leader Musk says he and Trump are hoping to shut down the federal agency.NBC News - 3d -
Democrats blocked from entering USAID headquarters
A group of Senate and House Democrats were blocked from entering the headquarters of the U.S. Agency for International Development (USAID) on Monday. The Democratic lawmakers, who are opposed to ...The Hill - 3d -
Marco Rubio blasts USAID, says he is agency's acting administrator
Secretary of State Marco Rubio is speaking out on USAID, the federal agency that provides humanitarian aid and funding for programs abroad. USAID will be merged into the State Department and Rubio ...CBS News - 3d -
Rubio says he is the acting head of USAID
Secretary of State Marco Rubio told reporter traveling in El Salvador with him that he is the acting administrator of the U.S. Agency for International Development and voiced his concerns about the ...NBC News - 3d -
USAID to merge into State Department with major budget cuts
The U.S. Agency for International Development will be folded into the State Department, sources tell CBS News. CBS News senior White House reporter Jennifer Jacobs has the latest.CBS News - 3d -
What to know about Trump, Musk and USAID
Staffers at the U.S. Agency for International Development, also known as USAID, were told to stay home Monday and billionaire Trump adviser Elon Musk says the agency is on the verge of being shut ...CBS News - 3d -
Musk says administration is on verge of shutting down USAID
Elon Musk, the administration's billionaire adviser and Tesla CEO, says the administration is on the verge of shutting the U.S. Agency for International Development.CBS News - 3d -
Musk: Trump 'agreed' USAID should be shut down
Tech billionaire Elon Musk said early Monday that President Trump has “agreed” to shut down the U.S. Agency for International Development (USAID), which administers billions of dollars of ...The Hill - 3d -
Musk calls USAID a 'criminal organization' that should 'die'
Tech billionaire Elon Musk said he believes the U.S. Agency for International Development (USAID) is a “criminal organization” that should “die.” “USAID is a criminal organization. Time for it to ...The Hill - 4d -
Future of USAID uncertain
Sources tell NBC News that more than a thousand civil workers and contractors with USAID have been placed on leave as the agency has become a target of Elon Musk and his Department of Government ...NBC News - 4d -
Takeaways from India's budget that slashes income tax on the salaried middle class to spur growth
Indian Prime Minister Narendra Modi’s government has presented an annual budget that focuses on wooing the salaried middle class with tax cuts and spurring economic growth by boosting agriculture ...ABC News - 5d -
UPS shares tank 14% after weak guidance, plan to slash Amazon deliveries by more than half
UPS has shifted away from less-profitable large contracts in recent years, while Amazon has built up its own in-house logistics empire.CNBC - Jan. 30 -
UPS shares tank 15% after weak guidance, plan to slash Amazon deliveries by more than half
Shares of United Parcel Service plunged more than 15% Thursday after the company issued weak revenue guidance for the year and said it planned to cut deliveries for Amazon, its largest customer, by ...NBC News - Jan. 30 -
Trump’s administrative self-coup
A constitutional crisis looms after attempt to wrest power of the purse from CongressFinancial Times - Jan. 30 -
Senate confirms Zeldin to be EPA administrator
The Senate on Wednesday confirmed former Rep. Lee Zeldin (R-N.Y.) to take the helm of the Environmental Protection Agency (EPA). He was confirmed in a 56-42 vote. Democrats Mark Kelly (Ariz.), John ...The Hill - Jan. 29 -
Germany slashes growth outlook in 'serious' diagnosis of Europe's largest economy
The German government slashed its gross domestic product expectations Wednesday, saying it was now forecasting just 0.3% growth in 2025.CNBC - Jan. 29 -
Trump administration puts about 60 USAid officials on leave after aid freeze
Memo said some actions in agency ‘appeared to be designed to circumvent’ Trump’s orders and ‘America First’ policy. The Trump administration has put on leave about 60 senior career officials at the ...The Guardian - Jan. 28 -
More than 50 career civil servants at USAID are placed on administrative leave
The action targeted senior leadership across the agency, including top lawyers, three sources told NBC News.NBC News - Jan. 28 -
Trump administration's immigration crackdown escalates
As the Trump administration ramped up its immigration crackdown, officials said 538 undocumented immigrants were arrested on Thursday. And two U.S. military planes flew deported migrants to ...NBC News - Jan. 24 -
Hugging Face shrinks AI vision models to phone-friendly size, slashing computing costs
Hugging Face's new SmolVLM models run on smartphones, outperform larger systems and slash computing costs by 300X.VentureBeat - Jan. 23 -
Trump urges oil-exporting nations to slash prices
The president says he wants Opec and Saudi Arabia to bring down the price of oil which he says is fuelling the Russia-Ukraine war.BBC News - Jan. 23 -
LNG exporter Venture Global slashes IPO price range despite President Trump’s pro-energy push
Venture Global is now seeking a more reasonable valuation of about $65 billion, versus earlier plans for about $110 billion.MarketWatch - Jan. 23 -
Trump’s RTO Plans Could Slash Federal Employee Head Count
The threat of DOGE-led job cuts may get further backing as the president vows to require government staffers to work in person five days a week.Inc. - Jan. 20 -
Citigroup Slashes Jobs as Cost-Cutting Continues
Targets include senior managers in the banking giant’s wealth, technology and data analysis units.Inc. - Jan. 17 -
BP gave a bleak outlook. Now it’s reportedly slashing jobs.
After a difficult fourth quarter in which production and prices fell, oil major BP reportedly is cutting thousands of jobs.MarketWatch - Jan. 16 -
Inside Elon Musk’s Plan for DOGE to Slash Government Costs
Mr. Musk has turned to Silicon Valley to help recruit executives who will take up unofficial positions across the federal government.The New York Times - Jan. 13 -
New rule could slash nicotine levels in tobacco products
The Biden administration is poised to try to lower the amount of nicotine in tobacco products, an eleventh-hour effort that’s been years in the making. The move would give the White House one ...The Hill - Jan. 13 -
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‘We need to be in the room’: DOGE Caucus Democrat works with GOP to slash spending
Rep. Val Hoyle (D-Ore.), a member of the new House caucus partnering with President-elect Trump’s announced Department of Government Efficiency, joins Meet the Press NOW to discuss the bipartisan ...NBC News - Jan. 8
