Cut Billions - QuikReader

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 - Mar. 10

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 - Mar. 11

UK Aims to Cut Billions in Welfare Amid Budget Crunch

Changing disability allowances is a particularly contentious move within Prime Minister Keir Starmer’s center-left Labour Party.

The New York Times - 16h

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 - Mar. 8

Senate passes Trump-endorsed fix to avert DC budget cuts

Senators voted Friday to pass legislation to prevent cuts to the District of Columbia's local budget after city officials warned the District faced a $1 billion hit under a stopgap government ...

The Hill - 4d

USDA cuts funding for school, food bank programs

The U.S. Department of Agriculture is cutting two pandemic-era programs that provide more than $1 billion combined in federal funding for schools and food banks to buy food directly from local ...

CBS News - 5d

Does cutting benefits actually work?

The government has set out plans to save billions of pounds from the welfare bill - how have previous attempts to do this fared?

BBC News - 16h

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 - Mar. 9

The UK is cutting welfare spending to urge people to work. Critics say it will hurt the vulnerable

Britain’s Labour Party government has announced an overhaul of the welfare system it says will save the cash-strapped administration 5 billion pounds, or $6.5 billion

ABC News - 16h

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. - Mar. 10

Congress poised to force $1B cut to local DC budget, surprising many lawmakers

Congress is poised to pass a President Trump-endorsed funding bill this week that D.C. officials warn would lead to a $1 billion cut to the district’s local budget, a move that has been catching ...

The Hill - 5d

Trump and DOGE Create Anxiety but Opportunity for Federal Contractors

By cutting federal employees, the Trump administration may increase its reliance on firms that take in billions through government contracts.

The New York Times - 4d

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 - 6d

Reeves to outline plan to cut regulation costs and boost growth

Chancellor will meet regulators after calling for action to restrict their scope in bid to save businesses billions. Rachel Reeves will meet UK regulators on Monday after calling for more action to ...

The Guardian - 2d

Alphabet to buy cybersecurity startup Wiz for $32 billion

Google owner Alphabet has agreed to buy cybersecurity startup Wiz for $32 billion

ABC News - 19h

EPA Cancels $20 Billion in Climate Grants

Here is what we know about the billions in funds that have led to federal investigations, lawsuits and frozen bank accounts for climate nonprofit groups.

The New York Times - 6d

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 - Mar. 11

PepsiCo buys prebiotic soda brand Poppi for nearly $2 billion

PepsiCo said Monday that it is buying prebiotic soda brand Poppi for nearly $2 billion.

NBC News - 1d

Oakland A’s being valued at $2 billion in sale of new shares of team

John Fisher, managing partner of the Oakland A's, is offering new shares in his MLB team at a $2 billion valuation, according to sources.

CNBC - 1d

Google parent Alphabet to buy Wiz cybersecurity firm for $32 billion

The agreement comes after the cybersecurity startup rejected Google owner's original $23 billion proposal last July.

CBS News - 19h

Canada to impose 25% retaliatory tariffs on $21 billion worth of U.S. goods

Canada will impose 25% tariffs on more than $20 billion worth of U.S. goods in retaliation for the Trump administration's steel and aluminum duties.

CNBC - 6d

'Pokémon Go' sells to Saudi-backed Scopely in $3.5-billion deal

Scopely, a mobile game company, will purchase 'Pokémon Go' and other games from developer Niantic in a deal worth $3.5 billion, the companies announced Wednesday.

Los Angeles Times - 6d

Pokémon Go Maker Niantic Sells Unit to Saudi Fund for $3.5 Billion

Scopely said it would buy Niantic’s video game business, which includes Pokémon Go, for $3.5 billion. Saudi Arabia’s sovereign wealth fund acquired Scopely in 2023.

The New York Times - 6d

Spending Bill Omits Billions for Local Projects as Congress Cedes Power to Trump

The stopgap measure the G.O.P. is pushing to avert a government shutdown omits billions of dollars in member-requested projects, another way in which Congress has ceded its power on federal spending.

The New York Times - 4d

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 Monday

CNBC - Mar. 10

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 - Mar. 12

Americans lost $5.7 billion to investment scams in 2024, FTC says. Here's how to protect yourself

Americans lost $5.7 billion to investment fraud in 2024, up 24% from 2023, according to the Federal Trade Commission.

CNBC - 3d

Let Warren Buffet's old $1 billion offer for a perfect March Madness bracket remind you how impossible that is

Warren Buffet is offering everyone $1 billion that he knows no one will ever get.

Yahoo Sports - 2d

Google to acquire cloud security startup Wiz for $32 billion after deal fell apart last year

Google signed a "definitive agreement" to acquire Wiz for $32 billion in an all-cash deal

CNBC - 13h

The looming budget question: Will Medicaid cuts fund tax cuts?

Republicans should focus tax cuts on middle-income and lower-income households that would provide greater support to the economy than tax cuts for the wealthy.

The Hill - 4d

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 - Mar. 7

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 - Mar. 10

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 - Mar. 11

Roche takes big step in weight-loss field with $5.3 billion deal. Novo Nordisk shares fall.

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 - 6d

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 - 6d

Binance secures ‘largest investment ever’ in crypto as Abu Dhabi’s MGX pledges $2 billion

Emirati state-owned investment firm MGX announced a $2 billion investment into Binance, marking the cryptocurrency exchange's first institutional investment.

CNBC - 6d

Tampa Bay Rays withdraw from planned $1.3 billion ballpark, citing storms and delays

The Tampa Bay Rays on Thursday withdrew from a $1.3 billion ballpark project, citing hurricanes and delays that likely will drive up the proposal’s cost.

NBC News - 5d

Tampa Bay Rays withdraw from planned $1.3 billion ballpark in St. Petersburg, citing storms, delays

The Tampa Bay Rays on Thursday withdrew from a $1.3 billion ballpark project, citing hurricanes and delays that likely will drive up the proposal’s cost

ABC News - 5d

$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 - Mar. 11

Purdue Pharma submits opioid lawsuit settlement plan, including up to $7 billion cash from Sacklers

Members of the Sackler family who own the OxyContin maker Purdue Pharma would hand over the company and up to $7 billion in cash in the latest plan to settle thousands of lawsuits over the toll of ...

ABC News - 4h

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