Latest in Trump’s Plan Cut
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Trump's Social Security plan could lead to 33% benefits cut: Analysis
Donald Trump's plans could undermine Social Security's financial stability and lead to a large benefits cut, nonpartisan think tank says.Top stories - CBS News - October 21 -
Elon Musk asks voters to brace for 'hardship' as billionaire plans deep spending cuts from potential Trump cabinet post
In the home stretch of the 2024 election, voters who’ve been weighing both campaigns’ proposals to tackle living costs are now hearing a new pitch from the Republican side: accept some short-term ...Top stories - NBC News - October 30 -
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 -
Here’s what can stall Trump’s tax and tariff plans
Surging 10-year Treasury yields could temper Trump administration plans that risk growing the large U.S. deficit.Business - MarketWatch - Yesterday -
Trump’s plan to cut taxes on Social Security benefits may cost beneficiaries more in the long run
The president-elect’s plan may do more harm than good, experts said.Business - MarketWatch - 7 hours ago -
Intesa Sanpaolo unveils plans to cut 9,000 jobs
Italy’s largest bank wants to reduce costs by accelerating its digital transformationBusiness - Financial Times - October 23 -
Trump's big tariff plans
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story What Trump can do on tariffs without Congress Former President Trump is going all ...Politics - The Hill - October 25 -
Welsh councils plan cuts to plug £500m budget gap
Cuts to services loom as Welsh councils face a £500m budget gap.Top stories - BBC News - October 14 -
Reeves aims to close £40bn funding gap as she plans tax rises in Budget
Figure is significantly more than the £22bn fiscal hole the government previously identifiedBusiness - Financial Times - October 15 -
Sage Therapeutics’ stock falls 4.7% as biotech unveils plan to cut 33% of workforce
More than 165 jobs to go as company seeks to extend cash runway and focus on postpartum drug launch.Business - MarketWatch - October 17 -
Volkswagen plans to close at least 3 German plants and cut thousands of jobs
Europe’s largest carmaker tells works council it would slash pay by 10%Business - Financial Times - October 28 -
Volkswagen cuts plan sends shock through the ‘Detroit of east Germany’
In the city of Zwickau, which has a proud history in the country’s mighty automobile industry, there are fears about the economic and political fallout . Zwickau gained its nickname as the Detroit ...World - The Guardian - 4 days ago -
Europe's Auto Woes Continue as Michelin, Schaeffler Plan Job Cuts
Michelin and Schaeffler said they plan to close factories and cut thousands of jobs in Europe as car-part suppliers reel from weakness in the automotive sector.Business - The Wall Street Journal - 2 days ago -
Trump Keeps Promising New Tax Cuts. Other Republicans Are Wary.
Former President Donald J. Trump’s costly tax agenda undermines the changes he signed into law in 2017. Some Republicans are wary.Business - The New York Times - October 17 -
Trump Flirts With the Ultimate Tax Cut: No Income Taxes at All
The former president has repeatedly praised a period in American history when there was no income tax, and the country relied on tariffs to fund the government.Business - The New York Times - October 24 -
How Trump, Harris propose cutting healthcare costs
The economy and healthcare are two of the top concerns for voters in this election cycle, and both tickets have promised to lower healthcare costs. When she introduced her economic agenda earlier ...Politics - The Hill - October 25 -
Trump’s victory means fewer Fed rate cuts
“Trump is a president who likes to spend, he was a real-estate developer who loves to borrow. I don’t think he’s shaken either of those ideals,” notes one analyst.Business - MarketWatch - Yesterday -
Inside Donald Trump’s plans for the world
Also in today’s newsletter, the fallout from the former president’s closing argument and Democrats chip away at Wisconsin’s WOW countiesWorld - Financial Times - October 29 -
Volkswagen targets layoffs and 10% pay cuts amid plans for German plant closures, union says
Volkswagen is considering wide spread pay cuts and layoffs as well as closures or size reductions of its plants in Germany, the company's works council said Monday.Business - CNBC - October 28 -
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Japan plans automated cargo transport system to relieve shortage of drivers and cut emissions
Japan is planning an automated cargo transport corridor between Tokyo and Osaka to make up for a shortage of truck driversTech - ABC News - 5 days ago -
Trump’s Border Plans Are Light on Details but Strong on Fury
The former president’s sweeping immigration proposals face daunting challenges, but voters still trust his positions more than his opponent’s.Top stories - The New York Times - October 15 -
Trump promises tariffs to help pay for economic plans
Former President Donald Trump addressed the Economic Club of Chicago and doubled down on applying tariffs to help pay for the costs of his proposed economic plan. Trump affirmed tariffs will keep ...Top stories - CBS News - October 15 -
Harris and Trump Push Economic Plans to Woo Holdouts
The candidates provided more detail on how they would bolster the economy, with ideas ranging from tariffs to more assistance for Black entrepreneurs.Business - The New York Times - October 16 -
Harris, Trump Transition Plans Reflect Their Leadership Styles
Presidential candidates Kamala Harris and Donald Trump begin preparing for the turnover process.Business - Inc. - October 16 -
Trump doubles down on tariff plan that voters hate
Republican candidate Donald Trump backs a plan to impose a 20% tariff on all goods from all countries and a specifically high 60% rate on Chinese imports.Business - CNBC - October 21 -
As Trump Campaigns, This Group Is Planning His Presidency
Also, the Los Angeles D.A. called for the Menendez Brothers to be resentenced. Here’s the latest at the end of Thursday.Top stories - The New York Times - October 24 -
What to know about Trump’s tariff plans
Former President Trump is going all in on the idea of tariffs as a way of lifting the U.S. economy, bucking criticism from think tanks, labor and big business alike. Trump's plans include a general ...Politics - The Hill - October 25 -
The Eisenhower-era blueprint of Trump's deportation plan
Former President Donald Trump has pledged to deport millions of undocumented migrants, a plan modeled after a 1954 operation that historians say ultimately did not work.Top stories - CBS News - October 27
