Latest in Bank Cuts
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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 - 1d -
Trump administration says it's cutting $60 billion in USAID foreign aid contracts
The Trump administration said it is eliminating more than 90% of the U.S.NBC News - 1d -
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Fed’s Schmid warns against rate cuts in response to weaker outlook
Schmid, a voting member of the Fed’s interest-rate committee this year, pointed to two lasting lessons from history.MarketWatch - 1d -
How would Medicaid cuts impact seniors in nursing homes?
The safety net is already precarious, so any shifts could break the systemMarketWatch - 1d -
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 - 1d -
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 - 23h -
USAID cuts are just the start of Trump, Musk plan to slash agency spending
The dismantling of the United States Agency for International Development (USAID) appears to be the beginning of President Trump's efforts to instill massive cuts across federal agencies. CBS News' ...CBS News - 23h -
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 - 20h -
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 - 21h -
Trump cuts off talk of Canada annex alongside UK’s Starmer: ‘That’s enough’
President Trump on Thursday cut off talk during a press conference with United Kingdom Prime Minister Keir Starmer about his desire to make Canada “the 51st state,” with Starmer insisting there is ...The Hill - 18h -
GOP is considering cuts to Medicaid funding. Here's who could be impacted
The House GOP is considering significant cuts to Medicaid, potentially slashing billions. Health policy experts say Medicaid provides vital services to many AmericansABC News - 19h -
Social Security Administration announces ‘massive’ reorganization, ‘significant’ job cuts
The Social Security Administration announced a “massive” reorganization and “significant” job cuts on Thursday that critics said could increase customer-service wait times and make it more ...MarketWatch - 14h -
Autodesk says it’s cutting 9% of its workforce, and shares rise
Design-software developer Autodesk Inc. on Thursday said it would cut around 9% of its workforce, or around 1,350 employees, amid a bigger effort to prioritize cloud services and artificial ...MarketWatch - 14h -
UK looks at Texas supermax prison for ideas to cut overcrowding
The government wants to adopt a scheme which encourages inmates to gain qualifications and take jobs.BBC News - 16h -
Economists say Trump tariff threats, DOGE job cuts are 'chilling' the economy
Economists say uncertainty from Trump’s tariff threats and mass layoffs of government workers are starting to have a “chilling” effect on the U.S. economy.ABC News - 16h -
Trump cuts nearly $60 billion in foreign aid grants and contracts
For 60 years, the United States has believed that foreign aid in the form of international grants to provide food, medical care and other humanitarian aid would stabilize the chaotic world. In a ...CBS News - 14h -
Ex-Foreign Office mandarins warn against cuts to diplomatic corps
Peter Ricketts and Simon Fraser call on Rachel Reeves to protect headcount at overseas missions in spending reviewFinancial Times - 11h -
Keir Starmer to carry out largest cut to UK overseas aid in history
NGOs accuse prime minister of following US by accepting ‘false choice’ of cutting aid to fund defence. Sir Keir Starmer is to take UK overseas aid to its lowest level as a percentage of national ...The Guardian - 8h -
In northeast India, a border fence could cut through villages, houses and lives
An international border fence may soon split the village of Longwa in twoABC News - 7h -
Why Consumers Are Cutting Back on Shopping and Embracing ‘No Buy 2025’
Marketers followed consumers to social media and their phones. “Low Buy 2025” influencers are sharing tips for how to resist them.The New York Times - 6h -
GOP push for DOGE cuts inflames talks to prevent shutdown
Growing calls among hardline House conservatives to incorporate cuts made by the Department of Government Efficiency (DOGE) into a developing government funding bill are complicating efforts to ...The Hill - 5h -
Starmer faces darkening mood among Labour MPs after aid cuts
Resignation of Anneliese Dodds shows challenges for prime minister as he pursues tough choicesFinancial Times - 2h -
Anneliese Dodds resigns over Keir Starmer’s decision to cut aid budget
Exclusive: International development minister warns it will be ‘impossible’ to retain funding in Gaza, Sudan and Ukraine. Anneliese Dodds: soft left intellectual pushed to resign How much does ...The Guardian - 51m -
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 -
2025 NFL cut candidates for all 32 teams: Kirk Cousins and Cooper Kupp are on the move
Kirk Cousins and Cooper Kupp are potential cap casualties as 2025 NFL free agency approaches.Yahoo Sports - Feb. 20 -
Trump’s first month back in office marked by mixed polling on his federal cuts
NBC News White House Correspondent Yamiche Alcindor, Senior National Security Correspondent Courtney Kube and Capitol Hill Correspondent Julie Tsirkin join Meet the Press NOW to report on President ...NBC News - Feb. 20 -
Transportation Secretary Sean Duffy says FAA cuts won't affect flight safety
On his first full day as transportation secretary, Sean Duffy faced the deadliest U.S. aviation accident in more than 20 years. The midair collision near Washington, D.C., killed 67 people and just ...CBS News - Feb. 20 -
Georgia Republican faces town hall backlash over DOGE's 'chainsaw approach' to federal cuts
Rep. Rich McCormick, who represents a safe GOP district, came under harsh criticism that focused on the Trump administration’s moves to slash federal jobs and budgets.NBC News - Feb. 21 -
Huge cuts in National Institutes of Health research funding go before a federal judge
A court battle is set to resume over the Trump administration’s drastic cuts in medical research fundingABC News - Feb. 21 -
Huge cuts in National Institutes of Health research funding go before a federal judge
A court battle is set to resume over the Trump administration’s drastic cuts in medical research fundingABC News - Feb. 21 -
Federal worker fired by Trump administration talks about losing her dream job amid major cuts
Katie Sandlin thought she landed her dream job at the NIH as an educator. She spent her life savings to move from Alabama to just outside Washington, D.C. After only a few weeks on the job, she was ...CBS News - Feb. 21 -
Mental health agency loses 1 in 10 to DOGE cuts, 988 hotline team impacted
Around 100 were fired from the Substance Abuse and Mental Health Services Administration.CBS News - Feb. 21 -
Steve Cohen says tariffs and DOGE's cuts are negative for economy, market correction could be soon
The CEO of hedge fund Point72 turned bearish for the first time in a while due to punitive tariffs, immigration crackdown and federal spending cuts.CNBC - 6d -
This New Drug Could Help End the HIV Epidemic—but US Funding Cuts Are Killing Its Rollout
Lenacapavir, a twice yearly injection that prevents HIV transmission, was named the breakthrough medicine of 2024. But without US foreign aid dollars, its delivery to millions worldwide is under ...Wired - 6d -
Pentagon firings to begin next week in effort to cut up to 8 percent of civilian workforce
The Pentagon seeks to cut more than 5,000 civilian employees on probation status beginning next week in a bid to eventually shave off up to 8 percent of the U.S. military’s civilian workforce, the ...The Hill - 6d -
At town halls, Republicans feel the heat from Trump and Musk's firing and cutting spree
Republicans members of Congress who held town halls back home this week got an earful from constituents upset about Donald Trump and Elon Musk's firing spree.NBC News - 6d -
Johnny Damon, Gerrit Cole and other MLB players who cut their hair after joining the Yankees
The Yankees' long-standing facial hair policy was changed Friday, owner Hal Steinbrenner announced.Yahoo Sports - 6d
