Latest in Fed Layoffs May
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Trump Tests Fed’s Independence With Order Expanding Authority Over Agencies
A directive calling for oversight over the central bank’s regulatory and supervisory responsibilities has set off alarm.The New York Times - 1d -
Fed Flags Rising Inflation Risks and Rising Uncertainty About Trump’s Policies
Rates cuts are still on the menu, but like many businesses, Fed officials are having a tough time judging the impact of Trump’s tariff and immigration plans.Inc. - 1d -
3 home equity borrowing moves to make before the March Fed meeting
With another Federal Reserve meeting set for March, potential home equity borrowers should consider these moves now.CBS News - 12h -
Trump layoff plan gets reprieve
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Judge gives Trump go-ahead on mass layoffs A federal judge refused a request from ...The Hill - 1d -
Details on judge's allowance of government layoffs
A federal judge has refused to stop President Trump's mass firings, saying unions representing those workers have to take their claims to the Federal Labor Relations Authority. CBS News senior ...CBS News - 18h -
Interest Rate Cuts on Hold Till Inflation Improves, Fed Meeting Minutes Show
Officials are debating when to restart interest rate cuts, as high prices linger and Trump’s policies add to economic uncertainty.The New York Times - 2d -
USDA Layoffs Derail Projects Benefiting American Farmers
The blanket firing of Department of Agriculture scientists has thrown a host of climate science and crop projects into chaos.Wired - 1d -
National Park layoffs impact park goers
As the Trump administration pushes ahead with its drive to overhaul federal agencies, roughly 1,000 employees have been terminated at national parks. NBC News’ Morgan Chesky reports from Yosemite ...NBC News - 1d -
Georgia Republican faces crowd angered by DOGE layoffs
Rep. Rich McCormick faced a crowd at a town hall in Roswell, Georgia, that expressed anger about the layoffs and cuts implemented by Elon Musk's DOGE team.NBC News - 1d -
Pentagon layoffs paused for now, official says
The Pentagon is pausing the impending cuts to probationary civilian employees that could have affected around 50,000 people working for the Defense Department, a U.S. official tells CBS News. ...CBS News - 13h -
Latest news on Trump administration's mass layoffs
Thousands of Americans who worked as federal employees are out of a job and more cuts are coming after a federal judge allowed the Trump administration's mass layoffs plan to continue. CBS News' ...CBS News - 12h -
Michigan extends May, ending Indiana speculation
Michigan men's basketball coach Dusty May has agreed to a new multiyear agreement with the school, athletic director Warde Manuel announced Friday, effectively removing May from consideration for ...ESPN - 3h -
Jobless Claims Rise a Little, But Do Not Yet Reflect DOGE Layoffs
Unemployment claims for the week of Feb. 15 were slightly more than expected, but don’t yet reflect the aggressive efforts of Elon Musk’s group.Inc. - 1d -
Europe’s New Reality: Trump May Not Quit NATO, but He’s Already Undercutting It
European officials knew the president’s win would threaten the fundamental precepts of the post-World War II order. But the speed at which it is unraveling has created a crisis of enormous ...The New York Times - 1d -
IRS layoffs underway around the country as millions prepare to file taxes
The IRS has begun laying off more than 6,000 new and newly promoted employees across the country as part of the push to slash the federal government, sources say.ABC News - 1d -
DOGE cuts at 9/11 health program may impact first responders
Advocates for those sickened by toxins from the massive debris of 9/11 are calling on President Trump to immediately reverse cuts he made to the World Trade Center Health Program. Anthony Gardner, ...CBS News - 1d -
How Trump's NIH layoffs upended one probationary staffer's life
Before she had even unpacked her Washington, D.C., apartment after making the move from Alabama, Katie Sandlin became one of thousands of federal probationary workers to be fired.CBS News - 1d -
Fired Army veteran speaks out about federal layoffs
Army Veteran Nelson Feliz, Sr., who spent more than a decade working for the Department of Veterans Affairs, is speaking out about his experience as one of the many federal workers who was let go ...NBC News - 1d -
What Do the Mass IRS Layoffs Mean for Your Business Tax Filings?
The IRS just laid off at least 6,000 employees, which could lead to slower processing times–or lax enforcement.Inc. - 22h -
Willingness to ease off ‘debt brake’ may decide the German election
Rule dating from 2009 that limits borrowing looks vulnerable as main political parties promise to revive stalled economy. Germany is used to running its economy with the brake on. Ever since the ...The Guardian - 20h -
Fired IRS employees slam layoffs as agency makes cuts nationwide
As the IRS fired thousands of workers across the country on Thursday, many laid-off employees walked out of the headquarters in Washington, D.C., for the last time.ABC News - 20h -
Did You Sell Concert Tickets or Clothes? You May Owe Taxes
If you received more than $5,000 for online sales of “goods or services” in 2024, you might get a Form 1099-K. Don’t ignore it, an expert says.The New York Times - 18h -
Meta approves plan for bigger executive bonuses following 5% layoffs
Meta's executive officers could earn a bonus of 200% of their base salary under the company's new executive bonus plan, up from the 75% they earned previously.CNBC - 19h -
Meta approves plan for bigger executive bonuses following 5% layoffs
Executives at Meta stand to get bigger bonuses this year.NBC News - 17h -
Lady Gaga to perform a free concert on Rio's Copacabana beach in May
Lady Gaga has confirmed that she will perform a free concert on Rio de Janeiro’s Copacabana Beach on May 3ABC News - 16h -
Gold may soar past $3,000 — but at these prices you’re overpaying
Why you can expect below-average returns from gold in coming years.MarketWatch - 14h -
Do you have a favorite kid? Here's what may contribute to perception
A new study found that parental favoritism is real and that multiple factors like gender and culture could be influences.CBS News - 14h -
Trump administration mass layoffs can continue, judge rules
A judge allowed the Department of Government Efficiency's federal workforce cuts to continue on Friday. Probationary workers and IRS staff are on the chopping block as the Defense Department ...CBS News - 9h -
Federal cybersecurity layoffs could leave U.S. vulnerable to hackers
Employees with the Cybersecurity and Infrastructure Security Agency are awaiting more possible layoffs. Some security experts fear this could make the U.S. vulnerable to bad actors. CBS News ...CBS News - 8h -
Mass federal layoffs deliver a gutting one-two punch to America's veterans
President Donald Trump’s sweeping efforts to purge the federal workforce have dealt a striking one-two punch to an already largely vulnerable population: America’s veterans.NBC News - 10h -
Layoffs hit FAA employees tasked with producing air traffic navigation maps
Terminated probationary employees at the FAA include some who work on the team responsible for producing air traffic navigation maps, sources told ABC News.ABC News - 9h -
Michigan basketball coach Dusty May agrees to contract extension
May, who got his start as a student manager at Indiana, was a popular name to replace Hoosiers head coach Mike Woodson.Yahoo Sports - 8h -
Ahead of rivalry clash, Dusty May recalls how Tom Izzo won his respect
While Izzo remains a stalwart fixture at Michigan State, Michigan's May is getting his first taste of the tense competition between the two schools on Friday.Yahoo Sports - 1d -
Dairy Workers May Have Passed Bird Flu to Pet Cats, CDC Study Suggests
But the study, whose publication was delayed by a pause in public communications by the agency, leaves key questions unanswered.The New York Times - 1d -
Woman uproots life to take job as federal worker, then fired in mass layoffs weeks later
Last month, Katie Sandlin uprooted her life in a small town in Alabama to accept a job at the National Institutes of Health in Washington, D.C. Three weeks later, before she even unpacked her ...CBS News - 1d -
Why Walmart’s warning may have more to do with weight-loss drugs than tariffs
Walmart’s stock fell Thursday as quarterly earnings were expected to decline for the first time in three years, with strength in groceries and GLP-1 drug sales continuing to pressure margins.MarketWatch - 1d -
Bakeries can't beat egg prices, so your cake may cost more
Flour Bakery in Boston can’t make much with just its namesake ingredient; eggs are in just about everything from pies and cakes to brioche bread.NBC News - 21h -
Consumers turn to buying or renting hens as egg prices soar, but it may not help you save
Amid the rising costs of eggs, some consumers are looking for alternatives. Across the country, some hatcheries said they're seeing more interest in buying chickens, but experts warn you may not ...CBS News - 17h -
College basketball rankings: Dusty May leads Michigan into rivalry game vs. Michigan State for first time
The Wolverines take on the Spartans on Friday in a battle of top-15 teams in the CBS Sports Top 25 And 1CBS Sports - 17h -
Lower mortgage rates may tempt home buyers. But these fast-rising phantom costs could sneak up on them.
Mortgage rates are down to a nearly three-month low. But if you’re thinking of buying a home, beware of these hidden costs.MarketWatch - 16h