Latest in Trillion Federal Spending
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Snap’s increased AI spending may push profits even further out
Guggenheim downgraded Snap’s stock, warning that increased AI investments could defer operating profits until 2027.MarketWatch - 45m -
Appeals court denies Trump admin request to block judge's order to lift spending freeze
A federal appeals court on Tuesday declined to temporarily block a lower court's orders directing the Trump administration to unfreeze federal grants. The U.S. Court of Appeals for the 1st Circuit ...The Hill - 1h -
Reeves faces having to cut spending or raise taxes as UK growth disappoints
Chancellor’s headroom against her key budget rule has been wiped out, according to preliminary forecasts by watchdogFinancial Times - 2h -
Aguilar says Democrats would oppose spending bill with Department of Education cuts
Rep. Pete Aguilar, D-Calif., said that House Democrats would vote against a government funding bill if it included cuts to the Department of Education. Aguilar claimed Republicans "don't care about ...NBC News - 7h -
Trump's proposed buyout plan for federal workers in limbo
A federal judge is weighing extending the pause on President Trump's "deferred resignations" for federal workers. Weijia Jiang is following the latest developments at the White House.CBS News - 23h -
Who Are the Acting Heads of Federal Health Agencies?
This is a MedPage Today story. As President Donald Trump's picks to lead federal health agencies await confirmation hearings, there are now acting directors in place at HHS and its key ...ABC News - 2d -
Schumer: Democrats will use spending bills to curb Musk
Senate Democratic Leader Chuck Schumer (N.Y.) says Democrats will push for language in the spending bills that need to pass by March 14 that would unwind Elon Musk’s efforts to dismantle government ...The Hill - 3h -
Federal judge pauses NIH research cuts nationwide
A federal judge in Boston has ordered a temporary pause nationwide on plans by the National Institutes of Health (NIH) to substantially reduce "indirect” research payments to universities, medical ...The Hill - 5h -
Federal employees deserve respect — not Elon Musk
In the name of “efficiency,” the Trump administration is waging a cruel war on federal employees, who now live in chaos and fear.The Hill - 7h -
DOGE can cut spending, but can it make government more accountable?
Donald Trump could deliver lasting change, by returning power back to the people where it belongs.The Hill - 8h -
As Musk cuts federal spending, his own firms have received billions in contracts
As Elon Musk has led an effort to slash government spending, his own companies have, over the last few years, received billions of dollars in government contracts.ABC News - 10h -
A quick way to cut $1 trillion in federal spending
President Trump suggests that state governments should have primary responsibility for handling disasters, and cutting federal taxes would allow states to access more money to address their needs.The Hill - 11h -
Why Apple may get the ‘last laugh’ in AI as rivals double down on spending craze
Apple will have more free cash flow at its disposal and can “pawn off” AI spending on other big technology companies, one analyst said.MarketWatch - 21h -
Wildfire mitigation projects caught up in Trump’s spending freeze
Some forest management projects that aim to mitigate wildfire risk are among the projects that have been halted under President Trump’s executive order to freeze spending. In a letter to the Trump ...The Hill - 1d -
DOJ appeals judge's order to unfreeze federal grants
The Justice Department on Monday appealed a federal judge's order to unfreeze federal grants, hours after the judge ruled that the Trump administration had not complied with his directive. In a ...The Hill - 1d -
Elon Musk’s assault on the US federal bureaucracy
Supposed efficiency drive is providing cover for a power grab by the executive branchFinancial Times - 1d -
Trump takes aim at 'wasteful' government spending by ordering end to penny production
The president said in a Truth Social post that stopping the mint from coining new pennies is another way to reduce 'wasteful' government spending.CNBC - 1d -
Musk doubles down on attacks on federal judges
Department of Government Efficiency (DOGE) leader Elon Musk is doubling down on his attacks of federal judges in the wake of court actions blocking multiple Trump administration efforts. In a ...The Hill - 1d -
Brady's B'ham, Wrexham drive record spending
Teams in League One have spent record amounts with the influence of American owners such as Ryan Reynolds and Rob McElhenney at Wrexham and Tom Brady's part in Knighthead Capital's ownership of ...ESPN - 2d -
Trump vows to cut billions of dollars from US defence spending
President says ‘fraud and abuse’ at Pentagon will be Elon Musk’s next targetFinancial Times - 2d -
Typical homebuyers in Los Angeles, San Francisco and San Diego spend up to 78% of income on housing
In many major U.S. cities, the cost of owning a home is twice what financial planners recommend spending.CNBC - 2d -
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Judges block Musk's efforts to slash federal spending
Federal judges block President Trump and Elon Musk's attempts to slash spending and reshape the federal workforce. NBC News' Aaron Gilchrist reports.NBC News - 3d -
Record Valentine's Day spending expected
Valentine's Day is just a week away, and candy sales are expected to soar. It's a busy time of year for chocolatiers, including Norman Love Confections, a Florida company that produces ...CBS News - 3d -
Tech megacaps plan to spend more than $300 billion in 2025 as AI race intensifies
Meta, Amazon, Alphabet and Microsoft intend to invest as much as $320 billion this year into AI advancement technologies.CNBC - 3d -
Guardiola denies City spend due to embargo fear
Pep Guardiola has denied that Manchester City's January recruitment drive was motivated by concern within the club that they could be hit with a transfer embargo.ESPN - 3d -
Big Tech Keeps Its A.I. Data Center Spending Boom Alive
An apparent breakthrough in efficiency from the Chinese start-up did not make tech’s biggest companies question their extravagant spending on new data centers.The New York Times - 3d -
Trump administration tells states to stop spending on EV charging infrastructure
The Federal Highway Administration directed states to stop spending money for EV charging infrastructure — funds that were allocated under former President Biden.CBS News - 4d -
Federal judge pauses administrative leave for thousands of USAID employees
A federal judge said he will pause a midnight deadline for the U.S. Agency for International Development to be stripped down to a few hundred workers from a workforce of more than 5,000.NBC News - 4d -
Trump says Musk will review "just about" every federal agency
In a press conference with the Japanese prime minister, President Trump indicated Elon Musk has wide latitude to review nearly every federal agency.CBS News - 4d -
Small Businesses and Contractors Also Get Hit by Trump’s Federal Funding Cuts
Reports suggest several thousand private sector jobs have been lost in the last two weeks, as federal funding freezes start having knock-on effects.Inc. - 4d -
Silicon Valley and Indian investors spend big as English cricket goes up for sale
Foreign investors have been googly-eyed about English soccer for decadesABC News - 4d -
Judge temporarily blocks Trump's federal employee buyout program
A federal judge in Boston has temporarily halted President Trump's federal employee buyout program proposal. NBC News' Aaron Gilchrist and Danny Cevallos reports on legal aspects surrounding the ...NBC News - 4d -
Trump promotes misleading claims about federal government’s media subscriptions
Federal government payments for subscriptions to media outlets have become the latest target of President Donald Trump's spending hawksABC News - 4d -
Judge temporarily blocks Trump's federal government employee buyout
Just hours before the deadline for federal employees to accept the Trump administration's deferred resignation offer, a judge has temporarily blocked the buyout offer.ABC News - 5d -
Federal Employees Push Back on Trump’s Job Slashing Drive
Civil servants, officials, and outside groups are challenging Trump’s frenzied orders to slash federal agencies and headcounts, often denouncing them as illegal.Inc. - 5d -
Virginia Legislature Says It Will Study Trump’s Attack on Federal Jobs
The state has one of the highest numbers of residents employed by the federal government.Inc. - 5d
