Latest in Cutting Usaid Cost
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Elon Musk’s X Becomes Weapon in Government Cost Cutting
The billionaire has used the social media site to boast of victories, lash out at enemies and conduct polls for the initiative he calls the Department of Government Efficiency.The New York Times - 5h -
Pfizer tops earnings estimates as Covid product sales beat expectations and cost cuts pay off
The results cap off a critical year for Pfizer, which has been slashing costs as it recovers from the rapid decline of its Covid business and stock price.CNBC - 4h -
What cutting USAID could cost America?
The Trump administration’s moves to dismantle USAID has stoked fears that America will lose its standing on the world stage as rival powers fill the void.NBC News - 10h -
Rubio accuses USAID of 'rank insubordination'
Secretary of State Marco Rubio called out the U.S. Agency for International Development (USAID) on Monday for what he called "rank insubordination," adding that the agency and its procedures need ...The Hill - 11h -
Palantir surges 25% as group predicts windfall from Musk’s government cost-cuts
Chief Alex Karp says efficiency department will be ‘very good’ for data analytics companyFinancial Times - 22h -
What does it mean for USAID now that Rubio is in charge?
Over the weekend, Elon Musk threatened to eliminate the main U.S. agency handling foreign aid. On Monday, it was announced that USAID would merge with the State Department under Marco Rubio's ...CBS News - 1d -
Lawmakers, legal experts warn shuttering USAID is unconstitutional
Lawmakers and legal experts are warning the Trump administration’s efforts to shutter the government’s foreign assistance agency is unconstitutional and is likely to face challenges in court. Over ...The Hill - 1d -
USAID worker-turned-lawmaker: 'This is no way to govern'
Sen. Andy Kim (D-N.J.), a former U.S. Agency for International Development (USAID) employee, was among a chorus of Democrats on Monday blasting the turmoil surrounding the agency. “You have ...The Hill - 1d -
What is USAID and why is Trump reportedly poised to close it?
The US aid agency spends billions around the world on humanitarian support - but its future is in doubt.BBC News - 1d -
5 takeaways on Musk, Trump war with USAID
President Trump and billionaire tech entrepreneur Elon Musk have moved to shut down the U.S. Agency for International Development (USAID), which spent some $30 billion last year on humanitarian, ...The Hill - 1d -
Rubio notifies Congress of potential USAID 'reorganization'
Secretary of State Marco Rubio notified Congress on Monday that there could potentially be a reorganiztion of the U.S. Agency for International Development (USAID), as the separate agency appears ...The Hill - 1d -
What is USAID and how did it become a political firestorm?
Learn more about what USAID is and how it works after Department of Government Efficiency leader Musk says he and Trump are hoping to shut down the federal agency.NBC News - 1d -
Democrats blocked from entering USAID headquarters
A group of Senate and House Democrats were blocked from entering the headquarters of the U.S. Agency for International Development (USAID) on Monday. The Democratic lawmakers, who are opposed to ...The Hill - 1d -
Rubio says he is the acting head of USAID
Secretary of State Marco Rubio told reporter traveling in El Salvador with him that he is the acting administrator of the U.S. Agency for International Development and voiced his concerns about the ...NBC News - 1d -
USAID to merge into State Department with major budget cuts
The U.S. Agency for International Development will be folded into the State Department, sources tell CBS News. CBS News senior White House reporter Jennifer Jacobs has the latest.CBS News - 1d -
What to know about Trump, Musk and USAID
Staffers at the U.S. Agency for International Development, also known as USAID, were told to stay home Monday and billionaire Trump adviser Elon Musk says the agency is on the verge of being shut ...CBS News - 1d -
Musk says administration is on verge of shutting down USAID
Elon Musk, the administration's billionaire adviser and Tesla CEO, says the administration is on the verge of shutting the U.S. Agency for International Development.CBS News - 1d -
Musk: Trump 'agreed' USAID should be shut down
Tech billionaire Elon Musk said early Monday that President Trump has “agreed” to shut down the U.S. Agency for International Development (USAID), which administers billions of dollars of ...The Hill - 1d -
Musk calls USAID a 'criminal organization' that should 'die'
Tech billionaire Elon Musk said he believes the U.S. Agency for International Development (USAID) is a “criminal organization” that should “die.” “USAID is a criminal organization. Time for it to ...The Hill - 2d -
Future of USAID uncertain
Sources tell NBC News that more than a thousand civil workers and contractors with USAID have been placed on leave as the agency has become a target of Elon Musk and his Department of Government ...NBC News - 2d -
Democrats want answers on cost-cutting prescription payment models abandoned by Trump
House Democrats want to know what the Trump administration plans to do after it rescinded a Biden-era executive order to study potential payment models for lowering prescription drug costs, looking ...The Hill - 4d -
Fed pauses interest rate cuts—here’s when borrowing costs might drop in 2025
The Fed is holding off on more rate cuts for now, amid concerns that inflation isn’t slowing quickly enough.CNBC - 6d -
Sainsbury’s to cut 3,000 jobs as rising costs hit business
Supermarket chain will lose a fifth of senior management roles and close in-store cafésFinancial Times - Jan. 23 -
Elon Musk's DOGE has a new cost-cutting target: the U.S. penny
Elon Musk's DOGE is taking aim at the U.S. penny, pointing out that it costs more to manufacture than it's worth.CBS News - Jan. 22 -
Musk Is Likely to Get a West Wing Office for His Cost-Cutting Project
The world’s richest man had been expected to be situated in the Eisenhower Executive Office Building, but a West Wing office would give him closer access to President Trump.The New York Times - Jan. 20 -
The Cost of Surviving a Wildfire
Evacuating a disaster is often the lifesaving choice, but it comes with short-term costs to address immediate needs and incalculable personal and financial tolls in the future.The New York Times - Jan. 17 -
Citigroup Slashes Jobs as Cost-Cutting Continues
Targets include senior managers in the banking giant’s wealth, technology and data analysis units.Inc. - Jan. 17 -
Two Watchdogs Were Rebuffed From Joining Trump’s Cost-Cutting Effort
“We have no room in our administration for Democrats,” a transition spokeswoman replied after good-government activists tried to join the president-elect’s new efficiency department.The New York Times - Jan. 16 -
Spirit Airlines cuts 200 jobs in bankruptcy cost-cutting scramble
Spirit Airlines cuts 200 jobs across the airline as it seeks to exit bankruptcy protection this quarter.CNBC - Jan. 16 -
BP axes 4,700 jobs in cost-cutting drive
UK energy major under pressure from shareholders to turn around its performanceFinancial Times - Jan. 16 -
BP to cut 4,700 jobs to reduce costs
The job losses at the oil giant will affect more than 5% of its global workforce.BBC News - Jan. 16 -
Oil major BP to cut thousands of jobs in cost-saving drive
British oil major BP on Thursday said it is planning to cut thousands of jobs as part of a major cost-cutting drive.CNBC - Jan. 16 -
TSMC cuts profitability target as cost of diversifying supply chains bites
World’s biggest chipmaker faces less efficient operations in US and Japan but gets boost from AI demandFinancial Times - Jan. 16 -
Spike in UK borrowing costs raises specter of public spending cuts
Former U.K. Finance Minister Vince Cable told CNBC on Friday that the UK was not in an "emergency panic situation," but was stuck in a low-growth trap.CNBC - Jan. 13 -
Walgreens shares soar 27% on big earnings beat, as drugstore chain cuts costs
Walgreens maintained its fiscal 2025 adjusted earnings guidance, but did not include a sales outlook in its release.CNBC - Jan. 10 -
The Costs of the Los Angeles Fires
Damages are now estimated to reach up to $57 billion. The blazes add to a string of climate-related catastrophes hitting businesses and homeowners.The New York Times - Jan. 10 -
Albertsons leans on technology and cost cuts to go it alone — but faces this near-term hurdle
With no Kroger merger to rely on, grocery chain Albertsons said it would lean into an array of initiatives to drive growth.MarketWatch - Jan. 8 -
Tips for cutting down winter heating costs and electricity bills
From setting your thermostat between 68 and 70 degrees to properly sealing your home, NBC’s Vicky Nguyen joins TODAY to share ways you can save on home heating and electricity bills during the ...NBC News - Jan. 8