Latest in Tariffs Spending Cuts
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Amazon bets savings from automation can help fuel AI spending boom
US tech giant expected to spend as much as $25bn on warehouse automation in broader efficiency driveFinancial Times - Feb. 26 -
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 -
2025 NFL free agency: Biggest needs for every AFC team this offseason; how will Patriots, Raiders spend money?
Breaking down the biggest needs in the AFCCBS Sports - Feb. 26 -
Eli Lilly to spend $27 billion to expand U.S. manufacturing with four new sites
Eli Lilly & Co.’s stock rose 1.6% Wednesday, after the drug company announced plans to expand its U.S. manufacturing sites by adding four more locations this year, along with 13,000 high-wage jobs.MarketWatch - Feb. 26 -
Trump rips McMaster: ‘We should spend less time worrying about Putin’
President Trump slammed H.R. McMaster after his former national security adviser said he is "being played" by Russian President Vladimir Putin, with Trump adding he believes “we should spend less ...The Hill - 3d -
The top 10% of Americans are propping up the economy. Here’s what will happen if they stop spending.
The wealthy are spending, but many consumers are pulling back — and the stock market is fragile.MarketWatch - 2d -
TSMC, the Chip Giant, Is to Spend $100 Billion in U.S. Over the Next 4 Years
The investment plan, announced at the White House, was made as the Trump administration pushes to bring chip making back to the United States.The New York Times - 2d -
EU chief proposes plan to 'urgently' increase defense spending by mobilizing around $840 billion
"Europe is ready to massively boost its defense spending," European Commission President Ursula von der Leyen said Tuesday.CNBC - 2d -
10-, 30-year yields rise as traders eye a military-spending boom in Germany
U.S. government debt mostly sold off on Tuesday, pushing 10- and 30-year yields higher for the first time in three sessions, as traders appeared to look past a tit-for-tat trade war and focused on ...MarketWatch - 1d -
German spending plans send powerful message to Putin and Trump — and to markets, analysts say
German bund yields saw historic jumps on Wednesday as traders had their first opportunity to react to plans by the country for a huge uplift in spending that the eurozone economy has for decades ...MarketWatch - 1d -
A record $100 million donation will give next gen of US Olympians $100K to spend after they retire
The U.S. Olympic team received its biggest donation ever — $100 million — to fund $100,000 payments and matching life insurance benefits for anyone who earns a spot on Team USA beginning next yearABC News - 21h -
Musk boasts federal cuts by hoisting chainsaw at conference
Elon Musk drives home his rapid shredding of the federal government by hoisting a chainsaw representing the slashing of jobs and spending during a conference. Some Republicans are facing pushback ...NBC News - Feb. 21 -
Judge allows Trump's government workforce cuts to continue
A federal judge will allow the Trump administration's cuts to the government workforce to continue after declining a request from labor unions for relief. The judge says he lacks jurisdiction and ...CBS News - Feb. 21 -
Eye Opener: Federal jobs cuts continue
Thousands more federal workers find themselves without a job as President Trump and billionaire Elon Musk continue their massive cuts. Meanwhile, bus explosions in Israel threaten the Gaza ...CBS News - Feb. 21 -
Federal agencies that could be impacted by job cuts
A federal judge has paved the way, for now at least, for President Trump, Elon Musk and the DOGE team to go ahead with mass layoffs of federal employees. CBS News senior White House correspondent ...CBS News - Feb. 21 -
Rubio’s Dilemma: Cutting Trump’s Deal With ‘Bloodthirsty’ Putin
As a senator, Marco Rubio prided himself on challenging tyrants. But as secretary of state, President Trump has tasked him with helping to potentially turn Russia from an enemy into an ally.The New York Times - Feb. 21 -
Dems demand answers on workforce safety cuts
Click in for more news from The Hill {beacon} Health Care Health Care The Big Story Dems demand answers on workforce safety cuts The top Democrats on the House Committee on Education and the ...The Hill - Feb. 21 -
Judge Extends Block on N.I.H. Medical Research Cuts
A federal judge in Massachusetts indicated she would move quickly to consider a more lasting injunction after hearing a laundry list of potential adverse effects of the Trump administration move to ...The New York Times - Feb. 21 -
Defense Department to Cut Over 5,000 Workers
The firings are the first of what is expected to be a vast wave of layoffs by the Pentagon.The New York Times - Feb. 22 -
Jim Jordan derides critics of federal workforce cuts
He cited an example from the Washington Post about a locksmith.Politico - Feb. 23 -
Starbucks to cut 1,100 jobs in latest streamlining move
Starbucks Corp. is cutting 1,100 support partner roles as well as several hundred additional open positions as it works to streamline its structure by removing layers and duplicate roles.MarketWatch - Feb. 24 -
Will the working-class GOP really cut health insurance?
Budget chicanery begets more budget chicanery. About this time in 2010, Democrats were trying every procedural and accounting trick they could conjure to push ObamaCare through a restive Congress. ...The Hill - Feb. 25 -
Democrats warn of ‘largest Medicaid cut in American history’
House Democrats are ramping up their attacks on the GOP’s budget plan, warning that the massive spending blueprint would translate into the steepest Medicaid cut in the program’s history. Behind ...The Hill - Feb. 25 -
Cuts to Medicaid possible if Johnson's budget plan passes
Lawmakers on Capitol Hill are concerned about potential cuts to Medicaid if House Speaker Mike Johnson's budget proposal is passed. CBS News' Caitlin Huey-Burns reports.CBS News - Feb. 25 -
Trump administration cuts some election security workers
There have been sweeping changes at the Cybersecurity and Infrastructure Security Agency, which is tasked with protecting the U.S. from foreign meddling in elections. CBS News' Nicole Sganga reports.CBS News - Feb. 25 -
Amorim: Job cuts result of poor performance
Ruben Amorim has admitted that the Manchester United staff who are set to lose their jobs in the latest round of cut-backs are paying the price for the team's lack of success on the pitch.ESPN - Feb. 25 -
Federal workers in limbo over DOGE cuts
Federal workers are criticizing layoffs by Elon Musk’s Department of Government Efficiency. 80 percent of the federal workforce is outside of Washington. Meanwhile, Musk is defending his directive ...NBC News - Feb. 26 -
Analyzing potential economic consequences of DOGE cuts
The Trump administration ordered the termination of more than 6,000 Internal Revenue Service employees last week. According to a local union, that includes roughly 1,000 IRS workers in Kansas City ...CBS News - Feb. 26 -
What to know about cuts at cybersecurity agency
The White House says federal agencies have until March 13 to present plans for large scale layoffs. Among the targets is the Cybersecurity and Infrastructure Security Agency, which defends ...CBS News - Feb. 26 -
How Medicaid cuts could improve access to care
Coverage — having health insurance — most certainly does not guarantee timely medical care.The Hill - Feb. 27 -
Everyday Americans, not executives, will feel the pain of Medicaid cuts
These aren’t just budget cuts — they’re an assault on your health care.The Hill - 6d -
Latest news on Trump's alarming EPA cuts remarks
The White House says President Trump mispoke when he alluded to deep staff cuts at the Environmental Protection Agency. This comes as a new budget plan passed in the House and fears remain about ...CBS News - 6d -
Jeffries: ‘Republicans are lying’ about Medicaid cuts
House Minority Leader Hakeem Jeffries (D-N.Y.) went after Republicans on Thursday over their designs for Medicaid, saying GOP leaders are deceiving Americans by claiming that no patients will lose ...The Hill - 6d -
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Cuts at USAID and Elsewhere Strain Global Journalism
Investigative journalists around the world relied on funding from the U.S. Now, those watchdogs are scrambling to survive a sudden cash crunch.The New York Times - 6d -
Development minister resigns in protest at Starmer’s aid cuts
Move by Anneliese Dodds comes after prime minister announces plan to shift resources to defenceFinancial Times - 5d -
Trump’s Cuts Come With Risks. Including From Volcanoes.
A spending freeze could disrupt systems that warn communities when eruptions appear imminent.The New York Times - 5d -
National Weather Service workers impacted by Trump cuts
{beacon} Energy & Environment Energy & Environment The Big Story How the NOAA firings could affect Americans' lives The Trump administration fired hundreds of employees at the National Oceanic ...The Hill - 5d
