Latest in Billion Cut
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House GOP budget plan would cut domestic spending by $13 billion
House Speaker Mike Johnson has unveiled his plan to avert a government shutdown by Friday night. The short-term stopgap bill would fund the government until Sept. 30, increase defense spending by ...CBS News - 1d -
G.O.P. Spending Bill Would Force $1 Billion Cut to D.C. Budget
Republicans omitted a standard provision approving the District’s budget in a stopgap funding measure needed to avert a shutdown before the end of the week. The result would be a 16 percent cut.The New York Times - 17h -
Bannon: DOGE 'waste, fraud, abuse’ cuts not enough to curb inflation
Steve Bannon said the Department of Government Efficiency (DOGE) should adjust their goal of cutting trillions of dollars in federal waste and lower the proposed amount to the billion dollar ...The Hill - 3d -
Africa Received Billions in U.S. Aid. Here’s What It Will Lose.
The United States spent decades responding to conflicts and disease in Africa. The continent is now expected to be the hardest hit by the Trump administration’s aid cuts.The New York Times - 2d -
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. - 1d -
Trump, Musk fuel fears of Social Security cuts with 'fraud' talk
President Trump and his billionaire adviser Elon Musk are ratcheting up false rhetoric about Social Security, repeatedly claiming the program wastes hundreds of billions of dollars in fraudulent ...The Hill - 2h -
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 - 13h -
Roche takes big step in weight-loss field with $5.3 billion deal.
Swiss drugmaker Roche on Wednesday announced a major deal in the weight-loss category, agreeing to pay up to $5.3 billion to Zealand Pharma in a licensing and development deal.MarketWatch - 2h -
Tech megacaps lose over $750 billion in market cap in worst day for Nasdaq since 2022
The seven most valuable tech companies lost more than $750 billion in market value on MondayCNBC - 1d -
Salesforce pledges to invest $1 billion in Singapore over five years in AI push
Salesforce on Wednesday announced plans to invest $1 billion in Singapore over the next five years.CNBC - 8h -
White House crypto czar says public has 'lost out on over $17 billion'
Crypto czar David Sacks argued taxpayers have lost out on billions because earlier administrations never took advantage of bitcoin in the government's possession.ABC News - 4d -
OpenAI to pay CoreWeave $11.9 billion over five years for AI data centers, services
Ahead of CoreWeave's upcoming IPO, the provider of data centers for AI has signed a five-year deal with OpenAI worth almost $12 billion.CNBC - 1d -
How a hidden benefit of a Wells Fargo asset cap removal could save the bank billions
The bank paid $2.5 billion more in remediation efforts in 2023 than in 2018, which was a year before Charlie Scharf became CEO.CNBC - 17h -
Roche shares pop 5% on $5.3 billion obesity drug deal with Zealand Pharma
Swiss pharmaceutical giant Roche said Wednesday that it had struck a deal worth up to $5.3 billion to develop Zealand Pharma's obesity drug candidate.CNBC - 21m -
$1 billion in unclaimed tax refunds to expire soon: How to claim your money
The IRS warns that an estimated $1 billion in tax refunds from the 2021 tax year may become the property of the U.S. Treasury if over 1.1 million Americans do not file their tax returns by April ...The Hill - 18h -
Israel says it is cutting off its electricity supply to Gaza
Israel has cut off the electricity supply to GazaABC News - 2d -
D.C. Mayor calls out ‘$1.1 billion problem’ in House GOP stopgap plan
Washington, D.C., Mayor Muriel Bowser (D) on Monday sounded alarm over what she described as a "$1.1 billion problem" in a plan rolled out by House Republicans to keep the government funded beyond ...The Hill - 1d -
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 - 2d -
Walgreens to Be Acquired by Sycamore Partners in $10 Billion Deal
Shares of Walgreens Boots Alliance have lost about half their value in the past year, as the chain has faced pressure in its retail and pharmacy businesses.The New York Times - 5d -
Veterans cuts spark GOP backlash on Capitol Hill
"We don't need to be reading memos in the paper about 20 percent cut at the VA," Sen. Lindsey Graham said.Politico - 5d -
How FEMA cuts are spreading far beyond Washington
More than 200 employees at FEMA have been cut since Inauguration Day, and workers fear more downsizing is coming.NBC News - 1d -
Education Department cutting nearly 50% of workforce
The Department of Education said staff affected by the job cuts would be placed on leave starting Friday, March 21.CBS News - 12h -
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VA secretary: Cutting 80,000 jobs ‘is our target’
Veterans Affairs Secretary Doug Collins said his agency is looking to cut 80,000 jobs as their “target” to slim the agency’s workforce. Collins joined Fox & Friends on Monday, where he was pressed ...The Hill - 1d -
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 - 2d -
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 - 5d -
Chaos at the V.A.: Inside the DOGE Cuts Disrupting the Veterans Agency
Clinical trials have been delayed, contracts canceled and support staff fired. With deeper cuts coming, some are warning of potential harms to veterans.The New York Times - 2d -
More NOAA Employees May Be Let Go, Making 20% of Staff Cut
Together with recent firings and resignations, the new cuts could hamper the National Weather Service’s ability to produce lifesaving forecasts, scientists say.The New York Times - 1d -
NOAA and National Weather Service job cuts raise concerns about forecasts
A hurricane modeling specialist fired from the National Weather Service said progress on forecast accuracy may "go backwards" if job cuts continue.CBS News - 17h -
Israel says it will cut off electricity to Gaza Strip
Israel said Sunday that it would be cutting off its electricity supply to Gaza. Israeli Energy Minister Eli Cohen said he signed an order that would shut off electricity to Gaza “immediately.” ...The Hill - 2d -
NPS leaders plan 30 percent payroll cuts
Click for more from The Hill. {beacon} Energy & Environment Energy & Environment First in The Hill NPS leaders plan 30 percent payroll cuts The Trump administration is eyeing major payroll ...The Hill - 1d -
Climate United Sues E.P.A. Over Frozen $20 Billion
In a lawsuit, Climate United claims the E.P.A. is illegally withholding funds that have become a target of the Trump administration.The New York Times - 3d -
In bird flu fight, USDA almost doubling the $1.1 billion already spent
As bird flu continues to spread, impacting poultry farms and the price of eggs, the Agriculture Department says it's almost doubling the amount spent to combat it.CBS News - 1d -
USDA cancels $1 billion in local meal funding for schools and food banks
The USDA said it is promoting wiser government spending, but schools say it will make it tougher to serve healthy meals.CBS News - 17h -
Why astronaut Suni Williams runs in space: a 14-billion-year odyssey
Suni Williams' eight-day mission turned into a nine-month marathon. Now the astronaut is days away from leaving the International Space Station and returning to Earth.ESPN - 1h -
Novo Nordisk cuts Wegovy prices, following similar move by Zepbound-maker Eli Lilly
Makers of the popular obesity treatments Wegovy and Zepbound are cutting prices for people without insuranceABC News - 6d -
Stand up for Science rallies protesting Trump cuts held across U.S.
Thousands of people, including researchers, scientists, medical professionals and cancer survivors rallied across the U.S. in protest of the Trump Administration’s firings, budget and grants cuts ...NBC News - 4d -
House GOP seeks spending cuts, defense increases in plan to avert shutdown
House Republicans on Saturday unveiled a six-month stopgap government funding plan, that seeks cuts to nondefense programs while boosting funding for defense. The bill's rollout kicks off a crucial ...The Hill - 3d -
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 - 3d