Latest in Cuts Federal Spending
Sort by
130 items
-
Typical homebuyers in Los Angeles, San Francisco and San Diego spend up to 78% of income on housing
In many major U.S. cities, the cost of owning a home is twice what financial planners recommend spending.CNBC - 2d -
Driver cut free after crash with highways vehicle
Firefighters say the highways vehicle was stationary within a closed work zone when it was hit.BBC News - 2d -
Trump faces pushback as he works to reshape federal government
Meet the Press moderator Kristen Welker joins Joe Fryer on Sunday TODAY to discuss the two dozen lawsuits against President Donald Trump that are aimed at slowing down his attempts to reshape the ...NBC News - 2d -
-
Federal judge blocks Elon Musk’s access to US Treasury data
Order follows legal challenge by 19 Democratic state attorneys-general over risk to sensitive informationFinancial Times - 2d -
Schiff calls for firefighter exemption from federal hiring freeze
Sen. Adam Schiff (D-Calif.) on Friday urged the Office of Management and Budget (OMB) and the Department of Agriculture (USDA) to exempt federal seasonal firefighters from President Trump’s federal ...The Hill - 2d -
Judges block Musk's efforts to slash federal spending
Federal judges block President Trump and Elon Musk's attempts to slash spending and reshape the federal workforce. NBC News' Aaron Gilchrist reports.NBC News - 2d -
NIH cuts overhead funding for research
The National Institutes of Health (NIH) on Friday made a significant reduction in grants reserved for research institutions, a decision that may significantly impact American higher education. The ...The Hill - 2d -
Sen. Adam Schiff calls for federal firefighters to be exempt from hiring freeze
Sen. Adam Schiff, D-Calif., on Friday called on several U.S. agencies to exempt seasonal wildland firefighters from the ongoing federal hiring freeze, as concerns about federal readiness for future ...NBC News - 2d -
Trump Administration Cuts Put Medical Progress at Risk, Researchers Say
Grants from the National Institutes of Health come with additional money for overhead. A planned $4 billion cut would leave colleges with large budget gaps.The New York Times - 2d -
Trump administration to cut billions in medical research funding
National Institutes of Health said the $4bn loss will affect ‘indirect’ funding of buildings, equipment and staff. The Trump administration is cutting billions of dollars in medical research ...The Guardian - 2d -
Scientists, researchers work to archive federal health data purged by Trump administration
Scientists, researchers and private health organizations scrambled to preserve as much federal public health data and guidelines as possible last week after news reached them that the Trump ...The Hill - 3d -
Record Valentine's Day spending expected
Valentine's Day is just a week away, and candy sales are expected to soar. It's a busy time of year for chocolatiers, including Norman Love Confections, a Florida company that produces ...CBS News - 3d -
Bolton says DOGE cuts hurt ‘long-term American interests’
President Trump’s former national security adviser John Bolton said during an interview that some of the proposed Department of Government Efficiency (DOGE) cuts could hurt “long-term American ...The Hill - 3d -
Tech megacaps plan to spend more than $300 billion in 2025 as AI race intensifies
Meta, Amazon, Alphabet and Microsoft intend to invest as much as $320 billion this year into AI advancement technologies.CNBC - 3d -
Musk Wields Scythe on Federal Work Force, With Trump’s Full Blessing
The president defended Elon Musk’s role in seeking to slash budgets and cut payrolls as the young aides burrowing into federal agencies came under scrutiny.The New York Times - 3d -
Guardiola denies City spend due to embargo fear
Pep Guardiola has denied that Manchester City's January recruitment drive was motivated by concern within the club that they could be hit with a transfer embargo.ESPN - 3d -
Trump cuts aid to South Africa over ‘racial discrimination’ against Afrikaners
US president also offers asylum to Afrikaners and criticises law that allows land seizures without compensation in some circumstances. The US president, Donald Trump, has signed an executive order ...The Guardian - 3d -
7 Words Explain Why UPS Is Cutting Amazon Loose
UPS’s CEO says the company is cutting back its shipping for Amazon by 50 percent.Inc. - 3d -
Big Tech Keeps Its A.I. Data Center Spending Boom Alive
An apparent breakthrough in efficiency from the Chinese start-up did not make tech’s biggest companies question their extravagant spending on new data centers.The New York Times - 3d -
Cambridge risks losing ‘unbelievable talent’ amid PhD funding cut
Warning by vice-chancellor Deborah Prentice comes as ‘Silicon Valley’ planned between Oxford and Cambridge. The University of Cambridge risks “losing unbelievable talent” owing to a drop-off in ...The Guardian - 3d -
Trump says he is cutting off Biden's access to intelligence material
Former presidents are traditionally allowed to receive intelligence briefings if they are being consulted about events that occurred while they were in office.NBC News - 3d -
Graham's plan for Trump tax cuts
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Graham rolls out plan to tackle Trump agenda Senate Budget Committee Chair ...The Hill - 3d -
Trump administration tells states to stop spending on EV charging infrastructure
The Federal Highway Administration directed states to stop spending money for EV charging infrastructure — funds that were allocated under former President Biden.CBS News - 3d -
Federal judge pauses administrative leave for thousands of USAID employees
A federal judge said he will pause a midnight deadline for the U.S. Agency for International Development to be stripped down to a few hundred workers from a workforce of more than 5,000.NBC News - 3d -
ACLU Warns DOGE’s ‘Unchecked’ Access Could Violate Federal Law
The ACLU says it stands ready to sue for access to government records that detail DOGE’s access to sensitive personnel data.Wired - 3d -
Trump says Musk will review "just about" every federal agency
In a press conference with the Japanese prime minister, President Trump indicated Elon Musk has wide latitude to review nearly every federal agency.CBS News - 3d -
Small Businesses and Contractors Also Get Hit by Trump’s Federal Funding Cuts
Reports suggest several thousand private sector jobs have been lost in the last two weeks, as federal funding freezes start having knock-on effects.Inc. - 4d -
Silicon Valley and Indian investors spend big as English cricket goes up for sale
Foreign investors have been googly-eyed about English soccer for decadesABC News - 4d -
Judge temporarily blocks Trump's federal employee buyout program
A federal judge in Boston has temporarily halted President Trump's federal employee buyout program proposal. NBC News' Aaron Gilchrist and Danny Cevallos reports on legal aspects surrounding the ...NBC News - 4d -
Trump promotes misleading claims about federal government’s media subscriptions
Federal government payments for subscriptions to media outlets have become the latest target of President Donald Trump's spending hawksABC News - 4d -
Judge temporarily blocks Trump's federal government employee buyout
Just hours before the deadline for federal employees to accept the Trump administration's deferred resignation offer, a judge has temporarily blocked the buyout offer.ABC News - 4d -
Federal Employees Push Back on Trump’s Job Slashing Drive
Civil servants, officials, and outside groups are challenging Trump’s frenzied orders to slash federal agencies and headcounts, often denouncing them as illegal.Inc. - 5d -
Bank of England Cuts Rates While Warning of Inflation and Trade War Risks
The central bank cut rates for the third time in about six months as it said economic growth had been weaker than expected.The New York Times - 5d -
Virginia Legislature Says It Will Study Trump’s Attack on Federal Jobs
The state has one of the highest numbers of residents employed by the federal government.Inc. - 5d
