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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 takes aim at USAID and top moments from the Grammys: Morning Rundown
Musk says he and Trump have agreed to shut down USAID down.NBC News - 1d -
Elon Musk says he and Trump are shutting down USAID
Tech billionaire Elon Musk said Monday that he and President Donald Trump were in the process of shutting down the USAID, escalating their war on the federal bureaucracy.NBC News - 1d -
Elon Musk says USAid is ‘beyond repair’ and he is working to shut it down
Billionaire says in social media discussion that Donald Trump agrees the world’s largest single donor should be shut down. Elon Musk, who is heading Donald Trump’s efforts to shrink the federal ...The Guardian - 1d -
Two top security officials at USAID placed on leave, sources say
USAID Director for Security John Vorhees and Deputy Director for Security Brian McGill were put on leave last night, two sources confirmed to CBS News.CBS News - 2d -
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 -
USAid website offline as Trump moves to put agency under state department
Move would threaten life-saving global humanitarian aid programs, from HIV/Aids treatments to clean water access. The website for the US Agency for International Development, or USAid, appeared to ...The Guardian - 3d -
The future of USAID remains uncertain amid Trump's funding freeze
Just one week after the Trump administration initiated a near-total freeze of U.S. foreign aid, the future of the U.S.NBC News - 3d -
Trump ally Peter Marocco behind evisceration of USAid: ‘He’s a destroyer’
Campaign ally sowed trail of enmity during first Trump presidency and allegedly was present at January 6 riot. The Trump administration’s evisceration of US overseas aid has been presided over by ...The Guardian - 3d -
Democrats slam Trump over reports he'll merge USAID with State Department
Democrats on Friday slammed President Trump over recent news reports that he is considering merging the U.S. Agency for International Development (USAID) with the State Department. “It is ...The Hill - 4d -
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 -
Foreign aid freeze leads to USAID staff suspensions, contractor terminations
Approximately 60 senior staff within USAID have been suspended, leaving the agency without clear leadership, five sources familiar with the internal action told CBS News.CBS News - Jan. 28 -
Charities reeling from USAid freeze warn of ‘life or death’ effects
Abrupt order has done ‘serious damage’, say experts, with supply chains halted, HIV clinics struggling to source drugs and refugee camps facing loss of vital services. Clinics in Uganda are ...The Guardian - Jan. 28 -
More than 50 career civil servants at USAID are placed on administrative leave
The action targeted senior leadership across the agency, including top lawyers, three sources told NBC News.NBC News - Jan. 28 -
What are the costs of Trump's immigration crackdown?
President Trump's administration is carrying out nationwide immigration raids conducted by U.S. Immigration and Customs Enforcement. Jeremy Robbins, executive director of the American Immigration ...CBS News - Jan. 27 -
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 Fed Is in No Rush to Cut Rates
Fed officials have signaled that it will take more than one weak report to convince them that the labor market is deteriorating.The New York Times - 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 -
Navy faces steep shipbuilding costs
Welcome to The Hill's Defense & NatSec newsletter {beacon} Defense &National Security Defense &National Security The Big Story Navy's plan to build more ships faces steep costs The Congressional ...The Hill - Jan. 7 -
Your Customers Are Costing You Dearly
The customer is not always right. And some of them are more expensive than they’re worth.Inc. - Jan. 7