Latest in Federal Reserve Cuts
Sort by
244 items
-
Federal funding cuts lead FEMA to cancel National Fire Academy courses
The cancellation of courses at National Fire Academy comes as the federally funded institution was set to welcome a new set of fire safety officers for training next week.CBS News - 2d -
Universities impose hiring freezes in face of uncertainty over federal funding
At least two Ivy League universities abruptly stopped hiring faculty Monday, partly prompted by fear that federal grant funding will be cut.NBC News - 21h -
Recently fired pregnant federal employees cope with loss of insurance
Many pregnant federal workers fired as part of recent DOGE cuts are now faced with complex challenges as they deal with the loss of their income and health insurance.NBC News - 1h -
'You lose all hope': Federal workers gripped by mental health distress amid Trump cuts
In interviews with NBC News, many federal workers shared stories of overwhelming stress, personal crises, rapid weight loss, panic attacks and more.NBC News - 2d -
As Federal Cuts Brush Against Private Sector, Should Your Company Make a DOGE Contingency Plan?
A really good long-term business plan may include processes to follow in disaster scenarios. It’s something to think about, as Elon Musk’s DOGE teams upends the federal government and side effects ...Inc. - 1d -
Trump’s Cuts to Federal Work Force Push Out Young Employees
The loss of early career workers has raised concerns about the impact on the next generation of civil servants.The New York Times - 5d -
Trump defends Elon Musk, DOGE cuts to federal workforce
President Trump defended Elon Musk and DOGE over the weekend after reported rifts between Musk and Cabinet members. CBS News White House reporter Olivia Rinaldi has more.CBS News - 1d -
CNBC Daily Open: The effect of Trump policies will sway Fed’s interest rate moves
U.S. President Donald Trump's policies to reshape the U.S. and its economy are so drastic that the Federal Reserve is taking note.CNBC - 1d -
The folly of America’s R&D cuts
Gutting of federal agencies risks derailing the Trump administration’s growth objectivesFinancial Times - 1d -
Trump Signs Order to Create a ‘Crypto Reserve’
The first-of-its-kind reserve will be anchored by a stash of Bitcoin the government already owns, estimated to be worth billions of dollars.The New York Times - 1d -
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 - 3d -
More NOAA cuts, 1,000 layoffs expected, sources say
National Oceanic and Atmospheric Administration (NOAA) employees are expecting more layoffs at the agency, sources say. This comes after drastic cuts as part of President Trump's measures to shrink ...CBS News - 1d -
Lummis introduces bill to create bitcoin strategic reserve
Sen. Cynthia Lummis (R-Wyo.) reintroduced legislation Tuesday to create a bitcoin strategic reserve, seeking to codify President Trump’s executive order last week establishing a reserve. The bill, ...The Hill - 1h -
Kugler says Fed should hold interest rates amid inflation risks
Inflation could continue to be 'persistent' and prices could potentially increase again, Federal Reserve Governor Adriana Kugler told CNBC's Silvia Amaro.CNBC - 1d -
Consumer credit rose to $5 trillion in January — 'small cracks are starting to emerge,' analyst says
Revolving debt, which mostly includes credit card balances, jumped 8.2% in January, according to the Federal Reserve’s latest consumer credit report.CNBC - 1d -
Trump’s ‘Strategic Bitcoin Reserve’ Plan Comes With a Twist
Rather than buy bitcoin directly, Donald Trump’s plan calls for holding the US government’s current bitcoin assets in reserve—and creates a separate stockpile for other crypto coins.Wired - 4d -
Staff shortages halt some federal weather balloon launches amid Trump cuts
The Trump administration is pausing at least a handful of balloon launches that collect weather data in at least three locations due to staffing shortages. On Friday, the administration said it ...The Hill - 1h -
Trump administration's funding, staff cuts spark concerns over Colorado River
Federal funding freezes and staffing cuts are setting off alarms about the future of the Colorado River, a critical artery that supplies water to some 40 million people in 30 tribes and seven ...The Hill - 2d -
Laid-off FEMA employees speak out about DOGE cuts
Elon Musk today said that his Department of Government Efficiency is cooperating with cabinet secretaries on downsizing the federal bureaucracy. Since Inauguration Day, more than 200 FEMA employees ...NBC News - 20h -
Meet the federal worker who went rogue: ‘I hope that it lights a fire under people’
To billionaire Elon Musk and his cost-cutting team at the Department of Government Efficiency, Karen Ortiz may just be one of many faceless bureaucratsABC News - 1d -
State Republicans Eager to Climb on Cost-Cutting Bandwagon
G.O.P. governors and legislators are parroting the federal Department of Government Efficiency by creating panels at the state level. But the similarities only go so far.The New York Times - 2d -
Democrats unveil bill to reinstate veterans fired in Trump workforce cuts
Democrats are proposing a measure to reinstate veterans who were recently fired from the federal government without cause, which has affected an estimated 6,000 veterans who make up about 30 ...The Hill - 1d -
Bitcoin falls as much as 6.5% as volatility continues after Trump's bitcoin reserve plan
President Donald Trump's executive order to create a U.S. strategic bitcoin reserve disappointed investors.CNBC - 1d -
Stand Up for Science Rally Sees Mix of Science, Politics and Anxiety
Thousands of protesters gathered in Washington for Stand Up for Science, a rally in response to President Trump’s federal-funding and job cuts.The New York Times - 2d -
Tribes and Students Sue Trump Administration Over Firings at Native Schools
More than one quarter of the staff members at the only two federally run colleges for Native students were cut in February.The New York Times - 1d -
Trump administration halts funding for two cybersecurity efforts
The Trump administration has cut millions of dollars in federal funding from two cybersecurity initiatives, including one dedicated to helping state and local election officialsABC News - 20h -
Liga MX chief Arriola named federation president
Liga MX president Mikel Arriola will now be assuming the role of Mexican Football Federation interim president for upcoming events sanctioned by Concacaf and FIFA, given the absence of a permanent ...ESPN - 22h -
Tesla facilities face wave of attacks as Elon Musk delves into politics
As Elon Musk attempts to drastically cut the federal workforce and delves further into the corridors of American power, the Tesla CEO's electric carmaker facilities have come under fire — literally.NBC News - 2d -
U.S. economy on shaky footing, Trump calls it a "detox period"
The U.S. economy is on shaky footing. The Trump administration calls it a "detox period" as it overhauls the federal government with layoffs, funding cuts and new tariffs. For markets, it's ...CBS News - 2d -
DOGE Has Deployed Its GSAi Custom Chatbot for 1,500 Federal Workers
Elon Musk’s DOGE team is automating tasks as it continues its purge of the federal workforce.Wired - 3d -
Israel says it is cutting off its electricity supply to Gaza
Israel has cut off the electricity supply to GazaABC News - 1d -
Federal judge blocks deportation of Palestinian activist Mahmoud Khalil
A federal judge has blocked the deportation of a Palestinian activist and Columbia University graduate whom federal immigration agents arrested in New York on Saturday. Mahmoud Khalil, who helped ...CBS News - 19h -
Elon Musk's Starlink has a growing footprint in the federal government
The use of Starlink has been adopted by at least one additional federal agency since Donald Trump began his second presidential term.NBC News - 3d -
Fired Federal Workers Get Last Words in With Scathing Letters of Resignation to DOGE
Departing officials, including disabled veterans, defend themselves and thousands of fired federal colleagues’ work with defiant, indignant letters, creating a written record of a tumultuous time.Inc. - 1d -
Trump cancels $400 million in federal funds to Columbia University
The Trump administration announced Friday that it is canceling $400 million in federal grants to Columbia University, saying the school is not doing enough to protect its Jewish students against ...NBC News - 3d -
How federal lands can be used to ease the housing crisis
President Trump's pledge to open up federal land for housing construction could alleviate the housing market's top financial worry, which is inflation, by making homeownership more affordable.The Hill - 1d -
Musk says DOGE is in almost every federal agency and plans to double staff
Trump adviser and tech billionaire Elon Musk said Monday that he plans to double the size of his staff in the Department of Government Efficiency, which he noted is already working inside nearly ...NBC News - 21h -
Federal judges raise alarm about security threats and impeachment calls
Two senior federal judges on Tuesday raised the alarm about the increase in violent threats against members of the judiciary and expressed concerns about calls to impeach judges over the rulings ...NBC News - 54m -
Trump Just Gave Bitcoin Its Biggest Endorsement in History
The president signed an executive order for a strategic bitcoin reserve, but the asset responded with a whimper.Inc. - 4d -
Leaders Discuss Digital Asset Future at Trump’s Crypto Summit
Crypto experts and Trump discussed building a strategic reserve containing bitcoin.Inc. - 1d