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USAID cuts are just the start of Trump, Musk plan to slash agency spending
The dismantling of the United States Agency for International Development (USAID) appears to be the beginning of President Trump's efforts to instill massive cuts across federal agencies. CBS News' ...CBS News - Feb. 27 -
Trump's plans to slash IRS staff could derail agency amid tax season
The IRS is preparing to get rid of half of its workforce, according to two media reports – part of a blitz by the Trump administration to reduce the size and scope of the federal government during ...The Hill - 12h -
NOAA set to slash jobs 'imminently'
Mass firings are set to hit the National Oceanic and Atmospheric Administration (NOAA) “imminently,” a source with knowledge told The Hill. The person, who asked to speak anonymously due to fear of ...The Hill - Feb. 21 -
Tech cash flows to the US and VinFast slashes prices
The inside story on the Asia tech trends that matter, from Nikkei Asia and the Financial TimesFinancial Times - 15h -
Meta slashes staff stock awards as group embarks on AI spending drive
Most employees will receive about 10% less equity options this yearFinancial Times - Feb. 20 -
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Starbucks Slashes 1,100 Corporate Jobs as Chain Pushes Turnaround Effort
The coffee chain has shuffled senior leadership, trimmed its menu, and is doing non-barista layoffs as it seeks to return to a growth trajectory.Inc. - Feb. 24 -
Trump and Musk's slash-and-burn tactics are a sticking point in talks to prevent a shutdown
President Donald Trump and his billionaire adviser Elon Musk are taking a hatchet to federal agencies, using executive power to impose spending and job cuts that have sparked a polarizing debate in ...NBC News - Feb. 26 -
BP to slash spending on net zero ventures as it focuses on oil and gas again
British energy company BP has confirmed it is to slash spending on green ventures and up its oil and gas productionABC News - Feb. 26 -
Trump Administration Pushes to Slash I.R.S. Work Force in Half
Losing half of its employees would severely strap the I.R.S., meaning Americans may have to wait longer to receive tax refunds.The New York Times - 1d -
'A hot mess': Federal office that resolves surprise medical bills slashed by Trump
Ending surprise medical bills used to be a Trump priority, but he just slashed the federal office working on that.ABC News - 1d -
Novo Nordisk slashes Wegovy prices through direct-to-consumer pharmacy
Pharmaceutical manufacturer Novo Nordisk on Wednesday announced it will be offering a direct-to-patient program for uninsured and underinsured individuals to be able to pay cash for its weight loss ...The Hill - 1d -
Layoff announcements soar to the highest since 2020 as DOGE slashes federal staff
U.S. employers announced 172,017 layoffs for the month, up 245% from January and the highest monthly count since July 2020CNBC - 10h -
Warren Buffett, warning of ‘scoundrels’ and ‘fiscal folly,’ slashes his exposure to U.S. stocks
Instead, the “Oracle of Omaha” has become a “committed” and “long-term” investor in a handful of Japanese companies.MarketWatch - Feb. 23 -
Bank of Korea slashes rates to lowest since August 2022 on economic worries, cuts growth forecast
The Bank of Korea cut rates to 2.75% from 3%, in line with expectations from economists polled by Reuters, trimming rates for the third time in four meetings.CNBC - Feb. 25 -
Starmer defends slashing aid budget to raise defence spending to 2.5% of GDP - UK politics live
Keir Starmer says now is the time to deepen European security, as he announces new defence budget by 2027. The rightwing historian Niall Ferguson is in the audience for Badenoch’s speech, ...The Guardian - Feb. 25 -
Oil major BP to slash renewable spending and double down on fossil fuels in strategy reset
British oil major BP on Wednesday announced plans to increase annual oil and gas investment to $10 billion as part of a fundamental strategic reset.CNBC - Feb. 26 -
Slashing Medicaid to Pay for Trump’s Tax Cuts Could Lead to Vast State Shortfalls
Republicans have proposed lowering the federal share of costs for Medicaid expansions, which could reshape the program by gutting one of the Affordable Care Act’s major provisions.The New York Times - Feb. 26 -
Saudi oil giant Aramco posts drop in full-year profit, slashes dividend
Saudi state oil producer Aramco reported a decline in net profit in 2024 and warned of a dividend cut.CNBC - 2d -
One AI Healthcare App Already Shows Benefits — By Slashing Doctors’ Office Drudgery
The Dragon Copilot AI app transforms clinicians’ questions and observations during consultations into data-enriched notes, summaries, and referrals — saving healthcare professionals hours of weekly ...Inc. - 2d -
Border Patrol slashed tires, detained legal residents in 'fishing expedition,' lawsuit alleges
An operation in Northern California led to arrests and removals of people regardless of citizenship or status, a recent lawsuit against Homeland Security and Border Patrol alleges.NBC News - 2d -
Former Trump VA secretary: 'I don't know any system that slashes its way to excellence'
Former Secretary of Veterans Affairs David Shulkin said Thursday he did not “know any system that slashes its way to excellence” following Department of Veterans Affairs (VA) head Doug Collins's ...The Hill - 3h -
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 - Feb. 21 -
Will Republicans in Congress agree on a budget plan?
The Senate adopted a narrower budget proposal although Republicans in the House of Representatives are pushing ahead with different plan endorsed by President Trump. CBS News' Taurean Small reports.CBS News - Feb. 21 -
How Washington plans to defend the dollar
Trade tariffs grab headlines but the less-visible fight around money matters deeply to the presidentFinancial Times - Feb. 22 -
What's in the House GOP budget plan?
The House is expected to vote on a budget plan this week. It will be a key test to see if Republicans can unify around President Trump's agenda. CBS News congressional correspondent Nikole Killion ...CBS News - Feb. 24 -
Will Johnson's budget plan pass in the House?
House Speaker Mike Johnson says the lower chamber is very close to having enough votes to pass the budget plan that President Trump endorsed. CBS News' Taurean Small has more.CBS News - Feb. 25 -
Feds plan another 'accomplishment' email
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Feds plan another 'accomplishment' email Some agencies are planning to send a ...The Hill - 6d -
What is Trump’s Crypto Reserve Plan?
The prospect of using taxpayer money to stockpile cryptocurrencies in a national reserve has drawn criticism from lawmakers and investors.The New York Times - 2d -
Chipotle Plans to Hire 20,000 Workers for ‘Burrito Season’
As spring approaches, people’s thoughts will turn toward green grass, sunny days, the start of baseball, and, according to the fast-food chain, a hankering for burritos that will require its ...Inc. - Feb. 19 -
Chinese Embassy Plan in London Sets Off Opposition
Britain appears ready to approve what would be the largest diplomatic outpost in Europe, but neighbors and activists fear tapped phone lines and suppressed protests.The New York Times - Feb. 20 -
New Scotland-England border landmark plan submitted
The Star of Caledonia will stand 33m (100ft) high and aim to attract hundreds of thousands of visitors.BBC News - Feb. 21 -
A Ukrainian man is sentenced for planning sabotage on Russia's behalf
A Polish court has handed an eight-year prison term to a Ukrainian man convicted of planning acts of sabotage and arson on Russia's behalfABC News - Feb. 21 -
Downing Street rejects plan for legal migration cap
Officials had been studying hard limit as way to reduce numbersFinancial Times - Feb. 21 -
Nebraska nixes Tennessee home-and-home plan
Nebraska has opted out of its deal to play Tennessee in a home-and-home series scheduled for 2026 and 2027 because the Huskers' football stadium will be undergoing renovations.ESPN - Feb. 21 -
Trump Plans to Use Military Bases to Detain Migrants
Also, archaeologists found a pharaoh’s tomb. Here’s the latest at the end of Friday.The New York Times - Feb. 21 -
Arab Leaders Scramble to Counter Trump’s Gaza Plans
Leaders of Gulf states met with their Egyptian and Jordanian counterparts to strategize before a broader Arab summit early next month.The New York Times - Feb. 21
