Latest in Consumers Cut Spending
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U.S. Consumers Cut Spending More Drastically in January Than Any Other Time in the Past Four Years
The threat of tariffs has led shoppers to tighten their purse strings.Inc. - 11h -
UK government insists consultancy spending cuts ‘on track’
Big firms won £1.5bn of UK government work in 2024, an increase on the previous two yearsFinancial Times - 2d -
Could Elon Musk benefit from DOGE cuts at consumer protection watchdog?
Earlier this month, President Trump fired Rohit Chopra, director of the Consumer Financial Protection Bureau. Lesley Stahl has more on the agency and the Trump administration's attempts to ...CBS News - Feb. 21 -
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 - 16h -
White House pushes back on criticism of Trump spending cuts
White House press secretary Karoline Leavitt on Friday said Americans support the massive job and spending cuts President Trump has enacted across the federal government since returning to the Oval ...CBS News - Feb. 21 -
Starmer announces big cut to UK aid budget to boost defence spending
PM confirms rise in military spending to 2.5% of GDP by 2027 – three years earlier than planned. Keir Starmer has announced drastic cuts to Britain’s international aid budget to help pay for a ...The Guardian - 3d -
DOGE Quietly Deletes the 5 Biggest Spending Cuts It Celebrated Last Week
The cuts, highlighted on an earlier version of the “wall of receipts” posted by Elon Musk’s team, contained mistakes that vastly inflated the amount of money saved.The New York Times - 3d -
US House passes budget resolution to cut taxes and spending by trillions
Bill would lead to large increase in America’s deficit, independent analysts sayFinancial Times - 3d -
How the House Republican budget plan hopes to cut trillions of dollars in spending
The budget plan that narrowly passed in the House of Representatives proposes trillions of dollars in cuts over 10 years. CBS News' Taurean Small reports.CBS News - 2d -
Some small businesses are on the brink after Trump's spending cuts affect contracts
"My company has been left behind," one small business founder said.ABC News - 2d -
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 -
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 - 1d -
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 - 1d -
Third of emissions cuts must come from consumers, says UK climate watchdog
Government advisers call for an overhaul of domestic heating systems and suggest airfares could riseFinancial Times - 3d -
Is the Future of the Creator Economy Direct-to-Consumer?
Confusion surrounding the TikTok ban last month has pushed creators to seek more stable ways to earn.Inc. - Feb. 21 -
Trump tariff threats rattle consumers
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Consumer confidence dips in Trump’s first month A new survey found that ...The Hill - Feb. 21 -
Steinbrenner: No edict for Yankees to spend less
Yankees owner Hal Steinbrenner said Friday that he has not ordered his front office to drop the team's player payroll, adding, "We know what our fans expect."ESPN - Feb. 21 -
Interior halts employee spending and travel
Click for more from The Hill. {beacon} Energy & Environment Energy & Environment The Big Story Interior halts employee spending and travel The Interior Department has paused spending and travel ...The Hill - 2d -
Consumers turn to renting chickens as egg prices soar
As the bird flu outbreak impacts egg shortages and prices, some people are turning to renting or buying backyard chickens.CBS News - Feb. 21 -
Consumer confidence plummets in largest drop since 2021
A gauge of consumer confidence registered its largest monthly drop since 2021.ABC News - 3d -
New consumer confidence index data drops sharply
New data from the consumer confidence index shows a concerning drop in economic outlook among Americans. CBS MoneyWatch correspondent Kelly O'Grady reports.CBS News - 3d -
Consumer confidence has biggest drop since 2021
U.S. consumer confidence plummeted in February, the biggest monthly decline in more than four years. Kelly O'Grady explains.CBS News - 3d -
Trump’s tariffs spook consumers weary of inflation
The high spirits that greeted the US president’s election triumph in November have fadedFinancial Times - 3d -
China government spending on citizens lags economic peers
Relatively low expenditure that directly supports individual consumption could undermine growth effortsFinancial Times - 6d -
English councils’ spending on emergency housing surges
Near-80% jump in expenditure to £732mn reflects increasingly acute homelessness crisis, says charityFinancial Times - 4d -
UK to raise defence spending to 2.5% of GDP by 2027
Starmer’s announcement of ‘biggest sustained rise’ since cold war comes ahead of Trump meeting on ThursdayFinancial Times - 3d -
Elon Musk's approach to government spending sparks debate
As head of the Department of Government Efficiency, Elon Musk has taken an aggressive approach to budget cuts. Economist Oren Cass weighs in on whether this strategy is reform or reckless ...CBS News - 3d -
Judge indefinitely pauses Trump spending freeze
Click for more from The Hill. {beacon} Energy & Environment Energy & Environment The Big Story Judge indefinitely pauses Trump spending freeze A federal judge on Tuesday indefinitely blocked the ...The Hill - 3d -
The US risks a heavy price for cutbacks in research spending
Science funding cuts may hit long-term growth and reduce US appeal to foreign investors and talentFinancial Times - 3d -
Starmer and Badenoch clash over defence spending
The prime minister announced the UK will reallocate aid funds to boost military spending to 2.5% of GDP by 2027.BBC News - 2d -
Where NATO members rank on defense spending
President Trump has called on NATO allies to increase their defense spending to 5 percent, with only three countries currently meeting the 2 percent threshold, while NATO Secretary General Mark ...The Hill - 2d -
What will Starmer’s defence spending buy from Trump?
Plus: Amol & Nick talk tactics over PM-President meets & remember past awkward encounters.BBC News - 2d -
Starmer pledges boost in UK defense spending
Ukrainian Prime Minister Keir Starmer pledged billions of dollars for defense spending before he met with President Trump at the White House. CBS News' Willie James Inman has more.CBS News - 1d -
Consumer sentiment sours as worries grow over outlook for U.S. economy
Confidence dropped 10% from January to the lowest level since late 2023.MarketWatch - Feb. 21 -
U.S. Consumers Are Increasingly Worried About Trump’s Tariff Plans
The Consumer Sentiment Index hit its lowest reading since November 2023.Inc. - Feb. 21 -
US stocks dip amid concerns over tariffs and consumer belt-tightening
All three major stock indexes moved decisively lower, extending sell-off in wake of dour economic reports. US stocks tumbled on Friday, extending a sell-off in the wake of dour economic reports and ...The Guardian - Feb. 21 -
As consumer delinquencies rise, U.S. economic growth increasingly powered by the wealthy
Most official data continues to show the U.S. economy is humming along, with unemployment historically low and inflation expectations still relatively stable.NBC News - 6d -
US consumer confidence plummets in February, biggest monthly decline since 2021
U.S. consumer confidence plummeted in February, the biggest monthly decline in more than four years, a business research group said TuesdayABC News - 3d -
Consumer confidence plunged in February amid rising economic concerns
Sharp drop in closely watched consumer sentiment gauge marks the biggest monthly decline in confidence in more than four years.CBS News - 3d