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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 - 1h

Crucial highway cut off as Australian floods worsen

The floods in northern Queensland have killed one woman and forced thousands more from their homes.

BBC News - 12h

England’s councils expected to cut contributions to staff pensions

Local government scheme is in surplus by £85bn, according to consultant Isio

Financial Times - 13h

Extra £100m funding announced as police warn of cuts

Yvette Cooper says the cash is for more local officers but some forces say they still face budget shortfalls.

BBC News - 3d

Dems launch group to hit Trump on tax cuts

Organizers say the nonprofit will be backed by an eight-figure funding campaign.

Politico - 4d

Cardiff uni job cuts 'threaten supply of nurses'

Some lecturers at Cardiff University have begun getting letters advising them their post is at risk.

BBC News - 5d

Morrisons warns Budget will mean deeper cuts

Supermarket is latest UK retailer to caution on Labour government’s tax increases

Financial Times - 5d

Warren calls on Musk to stick to $2T in DOGE cuts

Sen. Elizabeth Warren (D-Mass.) is urging Elon Musk to stick with his original objective to cut $2 trillion in wasteful government spending. “After promising his Department of Government ...

The Hill - 6d

CDC staff ordered to cut off communication with WHO

The directive to the CDC to halt communications with the World Health Organization was imposed to comply with President Trump's executive order.

CBS News - 6d

Power cuts and flood warnings as Storm Herminia hits

About 700 homes are without power and the Met Office is warning of heavy rain across Wales.

BBC News - Jan. 27

Trump cuts Fauci's security detail

President Trump on Friday defended the removal of Dr. Anthony Fauci’s security detail, suggesting former government officials should not get indefinite security, even as Fauci and others whose ...

The Hill - Jan. 24

What Republicans Could Cut to Pay for Trump’s Tax Cuts: Medicaid and More

President Trump wants a massive tax cut and immigration crackdown bill. Now Republicans must decide what to cut to help pay for it.

The New York Times - Jan. 23

Stripe cuts 300 jobs in product, engineering and operations

Stripe has cut 300 jobs, or about 3.5% of its workforce, CNBC confirmed.

CNBC - Jan. 21

Border Patrol agent shot dead on Vermont highway, near Canadian border

A U.S. Border Patrol agent was fatally shot on a highway in northern Vermont south of the Canadian border, authorities said.

CBS News - Jan. 21

Starbucks Expecting Job Cuts by March

Starbucks said it expects to eliminate jobs, without affecting in-store teams, as part of its broader effort to operate more efficiently.

The Wall Street Journal - 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

Rahm misses cut, McIlroy struggles in Dubai

Jon Rahm and Viktor Hovland missed the cut and Rory McIlroy was forced to battle to make the weekend as the headline acts struggled at the Dubai Desert Classic.

ESPN - Jan. 17

From Mulholland Drive to Twin Peaks via Lost Highway: all David Lynch’s films and TV shows – ranked

The great American film-maker died this week, leaving behind a body of work unmatched in its seductive strangeness and transcendent mystery. We put it in order. It is one of life’s eternal ...

The Guardian - Jan. 17

What Did Trump’s Tax Cuts Do?

Economic upheaval caused by the pandemic has clouded analysts’ ability to understand the effects of the 2017 tax law. Republicans call it a huge success and want to extend it anyway.

The New York Times - Jan. 17

‘Everyone thought it would cause gridlock’: the highway that Seoul turned into a stream

Cheonggyecheon stream in the South Korean capital has become an attraction – and helps with flood management, fighting air pollution and cooling the city. On a crisp December morning, office ...

The Guardian - Jan. 17

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 performance

Financial 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

Inflation Rose in December, Putting Rate Cuts Into Question

The consumer price index rose 2.9 percent in the last month of the year, the Labor Department reports.

Inc. - Jan. 15

Missile Attack Prompts Emergency Power Cuts in Ukraine

President Volodymyr Zelensky of Ukraine said air defenses had shot down at least 30 missiles from a “massive” barrage that had targeted gas and energy facilities.

The New York Times - Jan. 15

Lloyds to cut 500 jobs and close two offices

UK bank to review more than 1,500 jobs across multiple departments

Financial Times - Jan. 15

Jayapal: Laken Riley Act a 'highway to mass deportation'

Rep. Pramila Jayapal (D-Wash.) said on Sunday that the Laken Riley Act, a bill aimed at curbing crime by migrants, is a “highway to mass deportation.” “It is essentially a highway to mass ...

The Hill - Jan. 13

Cutting aeroplane contrails is an easy climate win

Tackling these emissions should be simple, fast and cost-effective

Financial Times - Jan. 13

A bus accident on a highway in northeastern Germany leaves 2 dead

Police say two people have died in a bus accident on a highway in northeastern Germany and another four were seriously injured

ABC News - Jan. 11

Paradise lost along Pacific Coast Highway

Everyone knows California is disaster-prone. But wildfires are supposed to be in the hills, not on the beach, and certainly not inside the borders of one of the biggest and best-prepared cities on ...

Los Angeles Times - Jan. 11

U.S. Companies Cut Diversity Efforts as Challenges Mount

At least six major U.S. companies modified their DEI policies last year.

Inc. - Jan. 10

Trump's tax-cut obstacle course

Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Senate GOP worries Trump’s tax agenda at risk Senate Republicans fear ...

The Hill - Jan. 10

Meta cutting DEI team, programs in broad shift

Meta told employees Friday it will cut its diversity, equity and inclusion (DEI) team and roll back several related programs, marking another major shift in policy for the leading social media ...

The Hill - 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

Cutting out alcohol for "Dry January"

Many Americans are starting off this new year by focusing on sobriety and giving up alcohol for Dry January. CBS News' Bradley Blackburn has more.

CBS News - Jan. 9

Rate-Cut Decision Was Narrow, Fed Minutes Show

Stubborn inflation, and potential tariffs, make future rate cuts uncertain.

The New York Times - Jan. 8

Washington Post cutting 4 percent of workforce

The Washington Post plans to cut nearly 4 percent of its total workforce in the coming days, the company said Tuesday. A Post spokesperson said the cuts are part of plans to make larger changes ...

The Hill - Jan. 7

ECB has been too slow to cut rates, Eurozone economists warn

Almost half of analysts polled by the FT accuse rate-setters of being ‘behind the curve’

Financial Times - Jan. 5

ATF chief warns that agency cuts could result in dire consequences

Congressional Republicans proposed $188 million in cutbacks to the agency this year, alleging the ATF overreaches and places too many restrictions, including on pistol braces.

CBS News - Jan. 4

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