Latest in U.s Aid Cuts
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House budget tees up steep Medicaid cuts and big SALT fight. Here’s what’s next.
House Republicans passed a new budget resolution in a razor-thin vote that puts the GOP on a path to enact President Donald Trump’s ambitious fiscal agenda, including deep tax cuts and significant ...MarketWatch - 22h -
Lando Norris is fastest and Lewis Hamilton 13th as a power cut disrupts F1 testing
Lando Norris was fastest and seven-time champion Lewis Hamilton 13th as Formula 1 teams had to deal with a power outage that disrupted preseason testingABC News - 22h -
Taser maker Axon brushes off DOGE budget-cut worries as stock rallies
The company is playing up up its prospects for international growth and its cloud-services businessMarketWatch - 18h -
Evening Report —Trump, Musk defend DOGE as federal workforce braces for more cuts
{beacon} Evening Report TRUMP FIRST 100 DAYS © Andrew Harnik, Getty Images Trump, Musk defend DOGE as federal workforce braces for more cuts PRESIDENT TRUMP AND ELON MUSK united to defend the work ...The Hill - 18h -
Trump cuts financial lifeline for Venezuela's government by ending permit to export oil to US
A permit issued by the United States government allowing energy giant Chevron Corp. to pump and export Venezuelan oil will be terminated this weekABC News - 18h -
Slashing Medicaid to Pay for Trump’s Tax Cuts Could Lead to Vast State Shortfalls
Republicans have proposed lowering the federal share of costs for Medicaid expansions, which could reshape the program by gutting one of the Affordable Care Act’s major provisions.The New York Times - 20h -
Inside Republicans' budget plan that extends Trump tax cuts, potentially threatens Medicaid
After a lot of back-and-forth on Tuesday night, House Republicans were able to narrowly adopt a budget resolution that would advance President Trump's agenda. The proposal passed in a 217-215 vote. ...CBS News - 15h -
VA pauses billions in cuts lauded by Musk as lawmakers and veterans decry loss of critical care
The Department of Veterans Affairs has temporarily suspended billions of dollars in contract cuts after an uproar that critical veterans health services were harmed, lawmakers and veterans service ...ABC News - 15h -
China likely to cut inflation outlook to two-decade low, lay out stimulus plans at 'Two Sessions' meeting
Beijing is expected to revise down its annual consumer price inflation target to around 2% — the lowest in more than two decades — from 3% or higher in prior years.CNBC - 10h -
Trump’s latest DOGE order aims to cut costs through federal contracts, travel
President Trump on Wednesday signed an executive order directing agency leaders to work with staff from the Department of Government Efficiency (DOGE) to cut costs through contracts, employee ...The Hill - 2h -
Jobless claims match 3-month high as Trump White House readies more federal job cuts
The number of people who applied for unemployment benefits last week matched a three-month high, possibly reflecting the first wave of what’s likely to be a flood of laid-off federal employees and ...MarketWatch - 1h -
Elon Musk's DOGE, federal cuts and Ukraine discussed at President Trump's first Cabinet meeting
On Wednesday, Elon Musk joined President Trump's first Cabinet meeting of his second administration. Meanwhile, the president also announced that he will host Ukrainian President Volodymyr ...CBS News - 1h -
Walmart's worst week since 2022: Retailer's former U.S. CEO Bill Simon thinks Wall Street is getting earnings, tariff risks wrong
Walmart is coming off a tough week after delivering a slowing profit growth forecast.CNBC - 5d -
Swiss Re expects L.A. wildfires to cost the global insurance industry $40 billion, making them the costliest U.S. fires ever
Swiss Re said that its losses from the Los Angeles wildfires would come in under $700 million and that it had no plans to “pull back” from California.MarketWatch - 1h