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How Musk’s Department of Government Efficiency May Try to Slash Federal Spending
President-elect Donald J. Trump has tasked Elon Musk and Vivek Ramaswamy with identifying ways to cut the budget. The hard part comes next.Top stories - The New York Times - 10 hours ago -
If Musk and Trump want to cut federal spending by $2 trillion, they’ll have to come for Social Security and Medicare
Musk is talking big cuts. Something’s got to give.Business - MarketWatch - October 29 -
Mr. Musk Goes to Washington — With a $2 Trillion Agenda
Donald Trump tapped the tech mogul to co-lead an effort to slash government spending, but questions abound over how such an initiative would actually work.Business - The New York Times - 3 days ago -
U.S. deficit tops $1.8 trillion in 2024 as interest on debt surpasses trillion-dollar mark
The shortfall was more than 8% from the previous year and the third highest on record, the Treasury Department said Friday.Business - CNBC - October 18 -
The Quarter-Trillion-Dollar Rush to Get Money Out of China
Chinese residents, worried about growth, have been illicitly moving billions of dollars out of the country, using everything from crypto to fine art.World - The Wall Street Journal - October 23 -
Global public debt will hit $100 trillion by year-end, says IMF
The IMF warned of the risks posed by unsustainable public debt levels.Business - CNBC - October 23 -
Trump, Harris tax-break costs soar to more than $12 trillion
Vice President Kamala Harris and former President Donald Trump have been proposing a slew of new tax cuts and credits over the course of their campaigns, and are even adding to the list in the ...Business - MarketWatch - October 29 -
Beijing considers $1.4 trillion borrowing increase to support economy: Reuters
Fresh stimulus would help local authorities resolve off balance-sheet debtBusiness - MarketWatch - October 29 -
Musk draws skepticism with call for $2 trillion in spending cuts
Tesla CEO Elon Musk’s call for “at least” $2 trillion in cuts to federal spending is drawing skepticism from experts as the billionaire tech magnate cements himself as one of former President ...Politics - The Hill - November 3 -
China Reveals $1.4 Trillion Plan to Bail Out Local Governments
The support package came after smaller measures were announced to jump-start growth. Economists said it was not big enough to address China’s sluggish economy.Business - The New York Times - November 8 -
Tesla surpasses $1 trillion in valuation in the wake of Trump's victory
Tesla returned to the $1 trillion club Friday, after its stock surged in the days following Donald Trump's presidential election victory.Top stories - NBC News - November 8 -
Countries Weigh How to Raise Trillions for Climate Crisis at COP29
Low-income countries need at least $1 trillion a year to manage climate change. Donald Trump’s victory just made that more difficult, but options exist.World - The New York Times - 4 days ago -
Will Elon Musk be able to cut $2 trillion from US government spending?
The Tesla CEO claimed he could slash US spending by eradicating “waste”.Top stories - BBC News - 3 days ago -
How Trump Superfan Elon Musk’s Plan to Cut $2 Trillion in Spending Could Mean Economic Chaos
The GOP candidate has spoken of making the billionaire CEO in charge of a ‘Department of Efficiency,’ but experts warn those dramatic reductions could mean instability and turmoil.Business - Inc. - October 30 -
China announces $1.4 trillion package over five years to tackle local governments' 'hidden' debt
Authorities in Beijing have ramped up stimulus announcements since late September in an effort to bolster its flagging economy.Business - CNBC - November 8 -
Tesla hits $1 trillion market cap as stock rallies after Trump win
Shares of Tesla climbed in afternoon trading Friday, pushing the electric vehicle maker's market cap past $1 trillion.Business - CNBC - November 8 -
Tesla’s market cap hits $1 trillion after another Trump-fueled jump for the stock
Tesla Inc.’s market valuation hit $1 trillion on Friday, after a post-election rally lifted the electric-vehicle maker’s stock by more than 25% on hopes the incoming Trump administration could ...Business - MarketWatch - November 8 -
Credit card debt hits record $1.17 trillion, New York Fed research shows
Credit card balances rose in the third quarter of 2024, the Federal Reserve Bank of New York found.Business - CNBC - 3 days ago -
Americans’ $1 trillion credit-card debt problem is inching in the right direction as inflation eases
Americans are still building up their credit-card balances, but they’re doing a better job paying those bills on time — and it could be sign that inflation’s bite is easing.Business - MarketWatch - 2 days ago -
Crypto Industry Pushes Policy Change Agenda as Global Investment Tops $3.2 Trillion
Crypto companies want the Trump administration to promote digital assets and can expect a friendlier regulatory climate. The U.S. election has pushed global crytpo totals to record highs.Business - Inc. - 2 days ago -
Federal Ban on Fake Reviews Goes Into Effect
A Federal Trade Commission rule prohibiting the sale or purchase of online ratings is live, opening to door to lawsuits for violations.Business - Inc. - October 22 -
How (and why) federated learning enhances cybersecurity
Federated learning’s popularity is rapidly increasing because it addresses common development-related security concerns.Tech - VentureBeat - October 26 -
Federal Reserve cuts interest rates by a quarter point
The Federal Reserve approved its second consecutive interest rate cut Thursday.Business - CNBC - November 7 -
Federal Reserve lowers rates by a quarter point
The Federal Reserve announced it is lowering the interest rate by a quarter point. NBC News’ Christine Romans explains what this means for the progress of inflation.Top stories - NBC News - November 7 -
Trump warned against meddling with Federal Reserve’s independence
Any effort by president-elect to interfere in interest rate policy could destabilise marketsBusiness - Financial Times - November 9 -
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Tulsa Race Massacre descendants meet with DOJ amid federal review
Family members of the two known living survivors of the Tulsa Race Massacre met for the first time on Thursday with detectives from the DOJ.Top stories - ABC News - October 17 -
Evidence unsealed in federal 2020 election interference case against Trump
A judge has unsealed more evidence collected by special counsel Jack Smith in the federal 2020 election interference case against Donald Trump. CBS News legal contributor Caroline Polisi has the ...Top stories - CBS News - October 18 -
Judge unseals evidence in Trump federal election interference case
The judge overseeing Donald Trump's federal election interference proceedings unsealed nearly 1,900 pages of heavily redacted evidence that special counsel Jack Smith assembled to build his case ...Top stories - CBS News - October 19 -
'You’re fired': How Trump will declare war on the federal government if he wins
The former president plans to revive the spoils system by firing as many as 50,000 careerists and replacing them with loyalists.Politics - The Hill - October 21 -
Investigating baseless claims of non-citizens voting in U.S. federal elections
CBS News is investigating efforts by self-appointed "election protection advocates" who say they are policing voter rolls in North Carolina by looking for suspected undocumented immigrants trying ...Top stories - CBS News - October 21 -
One of El Chapo's sons begins plea negotiations with Chicago federal prosecutors
Ovidio Guzman López is facing narcotics trafficking charges.Top stories - CBS News - October 21 -
Return-to-office mandates are causing more federal workers to unionize
Department of Justice trial attorneys are seeking to form the first attorneys' union in the department's history in response to a return-to-office mandate, citing concerns about productivity, ...Politics - The Hill - October 22 -
IRS announces new federal income tax brackets for 2025
The IRS has announced higher federal income tax brackets and standard deductions for 2025. Here's what taxpayers need to know.Business - CNBC - October 22 -
IRS announces new federal income tax brackets for 2025
The IRS has announced new federal income tax brackets and standard deductions for 2025.Top stories - NBC News - October 22 -
Musk voter lottery might violate federal law: DOJ
The Department of Justice (DOJ) has warned Elon Musk’s pro-Trump super PAC that its daily $1 million giveaways to registered voters in swing states might violate federal law, according to several ...Politics - The Hill - October 24 -
Trump's lawyers again ask to dismiss federal election interference case
The filing argues that special counsel Jack Smith was illegally appointed and that funding for his office should be cut off.Top stories - ABC News - October 25 -
OceanGate Faces Federal Investigation a Year After the Titan Submersible Implosion
A US Attorney's office is investigating the company behind the doomed expedition to the wreck of the Titanic, sources tell WIRED, even as a civil suit is already underway.Tech - Wired - October 25
