Confusion Federal Funding

DC sues federal government over pollution in Anacostia River

The District of Columbia is suing the federal government over pollution in the Anacostia River, hoping it will lead to a cleanup of the urban waterway

ABC News - Jan. 10

Rudy Giuliani back in D.C. federal court for contempt hearing in defamation case

Two Georgia election workers asked a federal judge to hold Rudy Giuliani in contempt for allegedly continuing to defame them in violation of a court order.

CBS News - Jan. 10

Michael Sheen to fund new national theatre for Wales

The actor says he is putting everything behind starting Welsh National Theatre.

BBC News - Jan. 10

Venezuela's opposition leader defies Maduro to lead protests that end in confusing arrest claims

Aides to Venezuela opposition leader María Corina Machado say she was detained but they've been contradicted by authorities who accuse government opponents of trying to spark an international crisis

ABC News - Jan. 10

These tips for investing in mutual funds and ETFs can guide your money decisions

Don’t miss these top money and investing features.

MarketWatch - Jan. 10

California fires live updates: death toll likely to rise; Biden announces federal funding for fight against blazes

Robert Luna decries ‘unacceptable’ looting in fire-ravaged areas, while Palisades wildfire grows to nearly 20,000 acres. Full report: wildfires continue to rage in Los Angeles Visual ...

The Guardian - Jan. 9

Jamie Lee Curtis Offers $1 Million to Fund Wildfire Relief

Actor Jamie Lee Curtis offered the money to aid in battling the Palisades fire.

Inc. - Jan. 9

Biden pledges federal support in California for 180 days, well into Trump's term

President Biden on Thursday announced the federal government will support California’s efforts to fight the raging wildfires for 180 days. “We’re doing literally everything we can at a federal ...

The Hill - Jan. 9

Federal judge strikes down Biden Title IX rules

A federal judge in Kentucky struck down changes made to Title IX by the Biden administration Thursday, ruling that the new regulations, which had sought to expand nondiscrimination protections for ...

The Hill - Jan. 9

Microsoft contributes $1 million to Trump's inauguration fund

Microsoft would like President-elect Donald Trump to make sure that U.S. artificial intelligence policy in the next four years will support its goals.

CNBC - Jan. 9

UK charity that raised funds for Israeli soldier given warning

Regulator acts over complaints about fundraising activity as trustees fail to explain how IDF individual spent the donation

Financial Times - Jan. 9

Google and Microsoft donate $1m each to Trump’s inaugural fund

Tech giants follow footsteps of other major companies, including Amazon, Meta, OpenAI and Uber. Google and Microsoft have donated $1m each to Donald Trump ’s inauguration fund, following in ...

The Guardian - Jan. 9

FEMA director discusses federal response to massive Palisades Fire

FEMA Administrator Deanne Criswell joins "CBS Mornings" to talk about the federal government's response to the Palisades Fire, which has burned over 17,000 acres in Los Angeles County and left ...

CBS News - Jan. 9

Judge agrees to delay George Santos' sentencing in federal fraud case

Calling it a “one-time courtesy,” the judge granted George Santos' request to push his sentencing -- but not by as much as the former New York representative requested.

ABC News - Jan. 9

Germany needs €150bn fund to revamp infrastructure, chairman says

Yahoo News - Jan. 9

Biden says he is deploying federal resources to California amid wildfires

President Biden received a fire briefing in Santa Monica, California, on Wednesday before returning to Washington, D.C. He said he is deploying federal resources to the region. CBS News chief White ...

CBS News - Jan. 8

Anthropic in Talks for $2 Billion Funding Round

The financing efforts follow new funding rounds by Elon Musk’s xAI and the market leader, OpenAI, which is now valued at $157 billion.

The New York Times - Jan. 8

Wildfires are ‘the best argument for why we need the federal government’: California Congresswoman

Rep. Sydney Kamlager-Dove (D-Calif.) joins Meet the Press NOW to discuss how the federal government is assisting constituents affected by the wildfires in Los Angeles County.

NBC News - Jan. 8

U.S. Funding Dispute With World Anti-Doping Agency Boils Over

After the Biden administration withheld funding to the agency, saying it had lost confidence in its ability to police elite athletes, WADA removed the United States from its board.

The New York Times - Jan. 8

Taxpayer Advocate urges Congress to preserve IRS funding for service, technology

The National Taxpayer Advocate has urged Congress to preserve IRS funding for taxpayer service and technology amid Republican scrutiny.

CNBC - Jan. 8

Jeffries: 'Confused' by Trump's 'obsession' with Greenland

House Minority Leader Hakeem Jeffries (D-N.Y.) hammered President-elect Trump on Wednesday for what he characterized as an “obsession” with the idea of the U.S. taking over Greenland, accusing ...

The Hill - Jan. 8

The U.S. Economy Is Stuck in a Showdown Between Trump and the Federal Reserve

The president-elect wants lower interest rates but Jerome Powell sees them staying high.

Inc. - Jan. 8

Active mutual funds struggle to beat large-cap stock benchmarks — again

Professional stock pickers in the mutual-fund industry had a tough time in 2024 beating indexes that passively track U.S. large-cap equities, according to BofA Global Research.

MarketWatch - Jan. 8

AI Startup Anthropic Raising Funds Valuing It at $60 Billion

The Amazon-backed OpenAI rival was valued at $18 billion last year.

The Wall Street Journal - Jan. 7

Johnson says no cuts to Social Security and Medicare to fund Trump's agenda

House Speaker Mike Johnson said cuts to Social Security and Medicare won't be part of the legislative plan being worked out to fund President-elect Donald Trump's agenda.

ABC News - Jan. 7

Trump allies' lawyer under consideration for top federal prosecutor in D.C.

John Irving, a former federal prosecutor who now represents several Trump-world figures, is under consideration to be named the U.S. attorney in Washington, D.C.

CBS News - Jan. 7

Anthropic in talks to raise funding at $60 billion valuation

AI startup Anthropic is in late-stage talks to raise as much as $2 billion at a $60 billion valuation, according to a person familiar with the deal.

CNBC - Jan. 7

Hims & Hers donates $1 million to Trump's inauguration fund

OpenAI CEO Sam Altman and Meta both announced $1 million donations, and Amazon and Apple CEO Tim Cook have also reportedly contributed.

CNBC - Jan. 7

New federal rule will remove medical debt from credit reports

A new rule on medical debt could affect millions of Americans' credit scores.

ABC News - Jan. 7

Biden announces more federal resources for New Orleans after deadly attack

As President Biden met with families of victims of the New Orleans pickup truck attack, the White House announced more federal resources to protect the city as it looks forward to the Super Bowl ...

NBC News - Jan. 6

Trump backtracks from 'one big, beautiful bill' to fund his agenda

After nearly derailing a spending bill last month, Trump continues to shake up business on Capitol Hill, shifting positions on how Republicans should fund his policies.

ABC News - Jan. 6

Nicolas Sarkozy goes on trial accused of receiving illegal funding from Gaddafi

Former French president alleged to have received millions of euros from Libyan dictator’s regime to fund campaign. Nicolas Sarkozy has gone on trial over allegations he received millions of euros ...

The Guardian - Jan. 6

FirstFT: Private equity to lobby Trump as industry seeks to tap retirement funds

Also in today’s newsletter, China’s equity markets extend poor start to the year and accountancy’s Gen Z problem

Financial Times - Jan. 6

Private equity to lobby Trump for access to savers’ retirement funds

Industry hopes incoming administration will open long-restricted private investments to individual investors