Spending Benefit Cuts

Louisiana voters in Speaker Johnson’s district react to Medicaid cut threats

Residents of Vinton, La., which is part of House Speaker Mike Johnson’s district, are concerned that Republicans will make cuts to Medicaid to reduce government spending. NBC News’ Melanie Zanona ...

NBC News - Mar. 12

Cuts to Medicare, Medicaid Would Be ‘Catastrophic for Women’s Health,’ Says Chelsea Clinton

Republicans want to slash $880 billion from the agency overseeing Medicaid. There’s no way to do so without touching benefits.

Inc. - Mar. 10

Some PIP recipients may lose out under welfare cuts

Work and Pensions Secretary Liz Kendall will set out reforms to the benefits system on Tuesday afternoon.

BBC News - 5d

White House ‘not going to cut Social Security:’ LaCivita

The White House won’t cut Social Security, President Trump’s 2024 co-campaign manager Chris LaCivita said in a new interview in response to a question about tech billionaire Elon Musk’s comments ...

The Hill - Mar. 14

Is The Government Backing Down Over Benefits?

Plans to freeze some disability benefits could be abandoned.

BBC News - 6d

These tax cuts and benefits could help caregivers in crisis — can they get through Congress?

The financial burden of caring for ailing loved ones could be eased through two bipartisan legislative proposals introduced this week.

MarketWatch - Mar. 14

Rayner and Cooper criticised cuts in ‘tense’ UK cabinet meeting

‘Large minority’ of ministers protested about planned spending reductions in their own departments

Financial Times - Mar. 14

Treasury Secretary Bessent says a 'detox' period for the economy does not have to be a recession

The Trump administration is aiming for a "smooth transition" as it looks for ways to cut government spending.

CNBC - Mar. 13

Consumers are cutting back on fancy snacks. Here’s how General Mills is responding.

The packaged-food giant’s CEO doesn’t think it needs to play into “a race to the bottom on pricing,” and should instead emphasize the flavor and health benefits of its snack lineup.

MarketWatch - 3d

Hegseth touts $580M in Pentagon cuts

Defense Secretary Pete Hegseth on Thursday announced the Pentagon is canceling more than $580 million in grants and contracts deemed “wasteful spending.” In a new memo, Hegseth asserts the programs ...

The Hill - 2d

How DOGE Cuts Aim to Push the Social Security Administration Beyond Breaking Point

Elon Musk’s federal spending and headcount slashing is supporting a longtime Republican goal: disabling the Social Security Administration while legislators can still deny they voted for cuts.

Inc. - 4d

Welfare uncertainty is stirring up fear, says Davey

The Liberal Democrat leader says there has not been enough detail on the government's cuts to benefits.

BBC News - 3d

More than a fifth of UK adults still not looking for work

Official figures come after controversial plans to cut sickness and disability benefits were announced this week.

BBC News - 2d

Former USAID employees on cuts: 'We are going to put lives in jeopardy'

Two former employees of the U.S. Agency for International Development (USAID), who were fired last month, told CNN the 83 percent spending cuts Secretary of State Marco Rubio announced Monday would ...

The Hill - Mar. 10

White House says Trump won't cut Social Security, Medicare after Musk remarks

The White House on Tuesday asserted President Trump would not cut Social Security or Medicare after tech billionaire Elon Musk's comments about the need to examine entitlement spending gained ...

The Hill - Mar. 11

At-a-glance: The key changes to the benefits system

How Personal Independence Payments (Pip) and other health-related benefits could change under government plans.

BBC News - 4d

Under-22s to be excluded from incapacity benefits

The move comes as part of an overhaul of the welfare system as the UK's benefits bill rises.

BBC News - 4d

Delta, Southwest, American Airlines Cut Forecasts, an Early Alarm About Consumer Spending

The revised revenue projections suggest that flagging economic confidence has started to hurt travel, which can be an indicator for other industries.

The New York Times - Mar. 11

South Africa plans to spend more on health and defense after US cuts aid

Lawmakers in South Africa have laid out plans to shore up the budgets for health and defense but also put up value added tax by 0.5%, a move that will raise the cost of living

ABC News - Mar. 12

Jobless claims little changed, while impact from government spending cuts expected later this spring

Initial jobless claims fell by 2,000 to 220,000 in the week that ended on March 8, the Labor Department said Thursday.

MarketWatch - Mar. 13

The UK is cutting welfare spending to urge people to work. Critics say it will hurt the vulnerable

Britain’s Labour Party government has announced an overhaul of the welfare system it says will save the cash-strapped administration 5 billion pounds, or $6.5 billion

ABC News - 4d

Utah Rep. Maloy offers tepid criticism of some White House spending cuts at town hall

Republican U.S. Rep. Celeste Maloy says the country risks drifting toward authoritarianism if the executive branch isn't brought under control

ABC News - 1d

FirstFT: Nvidia to spend billions in US as it shifts chip supply chain from Asia

Also in today’s newsletter, the Fed cuts its 2025 growth forecast and how Jeff Bezos made peace with Maga

Financial Times - 2d

Elon Musk and DOGE Keep Eyes on Social Security

The tech billionaire has repeatedly suggested, without evidence, that Social Security is rife with fraud, even as President Trump denies plans to cut those benefits.

The New York Times - Mar. 15

E.C.B. Cuts Interest Rates Again, With an Uncertain Path Ahead

Vows by European leaders to increase borrowing to ramp up military spending have reshaped the fiscal picture that the central bank must confront.

The New York Times - Mar. 6

Trump secures pay hike for wildland firefighters as DOGE cuts staff

Wildland firefighters will keep a 4-year-old pay hike under a GOP-led spending bill signed by President Donald Trump.

CBS News - 2d

Accenture is DOGE's first corporate casualty as shares dive on warning that contracts will be cut

Shares of Accenture slid more than 7% on Thursday after the consulting firm said tighter federal spending efforts have begun to weigh on its revenues.

CNBC - 1d

What Does a Shutdown Have to Do With the Budget or Elon Musk? Here’s a Guide.

A short-term spending bill, a 10-year budget plan and Musk’s cost-cutting team are all progressing at once.

The New York Times - Mar. 11

UK social safety net among weakest in rich world, analysis finds

Think-tank report comes as Keir Starmer seeks to convince Labour MPs to back welfare spending cuts

Financial Times - Mar. 12

U.S. consumers are starting to crack as tariffs add to inflation, recession concerns

Airline and retail executives are bracing for a slowdown in demand amid concerns tariffs will cut down consumer spending.

CNBC - Mar. 15

Europe courts US scientists fleeing Trump crackdown

Cambridge university among institutions seeing chance to hire talent unsettled by US spending cuts

Financial Times - 5d

'Worrying' number of teens lose disability benefits

More than 124,000 young people have had claims for adult disability benefits refused, the BBC finds.

BBC News - Mar. 12

Starmer says cost of sickness benefits 'devastating'

The prime minister's remarks come after the government announced a major benefits overhaul on Tuesday.

BBC News - 3d

I moved to the sauna capital of the US. Could I take the heat?

A thriving sauna culture is growing in frosty Minnesota as people warm to the health benefits and sense of community. How much do you spend on health and wellness a month? First there was the ...

The Guardian - Mar. 14

Here's how a loss to the Sixers could benefit the OKC Thunder

Here's how a loss to the Philadelphia 76ers could benefit the Oklahoma City Thunder.

Yahoo Sports - 3d

If even Germany is embracing higher spending, why on earth can’t Labour? | William Keegan

Russia has pushed Europe into a quasi-Keynesian approach to the defence budget. Only Britain insists on cutting help to the sick to pay for security. As the president of the US provokes trade and ...

The Guardian - 6d

Up to 1.2m people could lose between £4,200 and £6,300 per year from changes to Pip, Resolution Foundation says -UK politics live

Work and pensions secretary says Benefits crackdown will save £5bn by 2030 but disability charities say cuts are ‘immoral’. Q: Why have you changed your mind on this? . Badenoch says she has not ...

The Guardian - 4d

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