Gop Budget Menu Outlines Sweeping Spending Cuts

Hard-liner rebellion forces House GOP leaders to scramble for deeper cuts

Budget Committee conservatives rejected the minimum targets outlined at least week’s Republican retreat.

Politico - 2d

Senate GOP 'ready to go' on budget

Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Senate could leapfrog over House on Trump agenda Senate Republicans are plotting ...

The Hill - 5h

A kicked DOGE hollers: Progressives' telling response to an agency cutting spending

The Department of Government Efficiency (DOGE), led by Elon Musk and his team, is facing resistance from left-wing critics who are concerned about its lack of statutory authority and its potential ...

The Hill - 7h

Musk intensifies government spending attack with push to cut all regulations

The tech billionaire calls USAid, the government conduit of international aid programmes, ‘evil’. US politics live – latest updates Elon Musk has proposed a “wholesale removal of ...

The Guardian - 12h

Snip, snip: Spending cuts are coming

The federal debt has exploded to $36 trillion and annual deficits now approach $2 trillion f

The Hill - 15h

USAID to merge into State Department with major budget cuts

The U.S. Agency for International Development will be folded into the State Department, sources tell CBS News. CBS News senior White House reporter Jennifer Jacobs has the latest.

CBS News - 1d

India's finance minister faces a tough choice crafting the annual budget — boost growth or cut deficit?

This is the coalition government's first full-year budget after its assuming power in June.

CNBC - 5d

Morning Report — GOP scrambles for budget plan

In today’s issue: House Republicans are chasing a moving target as they scramble to put together a reconciliation package to fund the government and push through President Trump’s key agenda ...

The Hill - 5d

Starbucks announces several changes, including plans to cut some menu items

Starbucks announced several changes, including its plan to cut some items from the food and drink menu.

NBC News - 6d

Morrisons warns Budget will mean deeper cuts

Supermarket is latest UK retailer to caution on Labour government’s tax increases

Financial Times - 6d

Chip Roy says he's not at GOP retreat, 'spending $2K to hear more excuses for increasing deficits'

Rep. Chip Roy (R-Texas) confirmed he was not in attendance at the Florida retreat for House Republicans while taking a shot at those who were present. “It is being reported I am not at the ...

The Hill - Jan. 28

Budget airline Ryanair cuts passenger traffic goal again on Boeing delays

Budget airline Ryanair on Monday reported stronger-than-expected after-tax profit for the three months through to the end of December.

CNBC - Jan. 27

Proposed GOP spending cuts a ‘shell game,’ says House top Budget Committee Dem

Rep. Brendan Boyle (D-Pa.) joins Meet the Press Now to discuss Republican efforts to raise the debt limit and potential spending cuts to finance President Trump’s agenda.

NBC News - Jan. 24

Warren sends Musk 30 ideas for DOGE to cut government spending

Sen. Elizabeth Warren (D-Mass.) sent tech billionaire Elon Musk 30 ideas for how the newly formed Department of Government Efficiency (DOGE) could cut government spending. Warren's Thursday letter ...

The Hill - Jan. 23

UK competition regulator to cut staff after ‘budgeting error’

Voluntary exit scheme comes as CMA reels from government’s ousting of its chair

Financial Times - Jan. 23

Kaine grills Vought on planned 'woke and weaponized' budget cuts

Sen. Tim Kaine (D-Va.) grilled Russell Vought, President Trump’s nominee to lead the White House Office of Management and Budget, over a budget proposal created at the think tank where he worked, ...

The Hill - Jan. 22

Trump’s budget pick is famous for defying Congress. GOP senators want to confirm him anyway.

It’s looking like "thumbs up" for Russ Vought in the Senate, where Republicans are preparing to confirm him to lead the White House budget office despite his reputation for withholding ...

Politico - Jan. 22

UK employers cut jobs after Budget, official data shows

Drop in payrolled workforce comes even as wage growth accelerates

Financial Times - Jan. 21

US Debt Faces Record as Trump and GOP Plan Tax Cuts

The Congressional Budget Office forecasts that annual deficits will top $21 trillion over the next decade.

The New York Times - Jan. 17

House Budget Republicans eye more than 200 spending cuts, tax changes for major bill

Republicans on the House Budget Committee are considering more than 200 potential budget cuts, tax breaks, tariffs and changes to programs like Medicare and Social Security in preparation for their ...

The Hill - Jan. 17

Spike in UK borrowing costs raises specter of public spending cuts

Former U.K. Finance Minister Vince Cable told CNBC on Friday that the UK was not in an "emergency panic situation," but was stuck in a low-growth trap.

CNBC - Jan. 13

Kristin Crowley: LA fire chief publicly criticizing the city’s budget cuts

LA’s first female fire chief, in a public spat with the mayor, is a 25-year veteran who’s prioritized diversifying her team. Kristin Crowley was appointed Los Angeles fire chief in 2022 at a time ...

The Guardian - Jan. 12

Why Trump and GOP attacks on IRA can't score a clean sweep in red states

Not a single Republican voted in favor of Biden's IRA, but a vow from Trump and a GOP Congress to repeal the act would mean significant job losses.

CNBC - Jan. 12

Los Angeles Fire Department budget sustained cuts but saw overall increase

Los Angeles Fire Department budget sustained cuts but saw an overall increase.

ABC News - Jan. 11

Extended interview: L.A. fire chief on how budget cuts limited fire response "to a certain factor"

Los Angeles Fire Chief Kristin Crowley praises resilient firefighters as they battle fires across Los Angeles, talks about whether $17 million in budget cuts hampered the agency's wildfire ...

CBS News - Jan. 10

Questions mount over budget cuts made ahead of L.A.-area wildfires

Los Angeles city leaders are facing mounting questions over whether the city was prepared as the wildfires, including the Palisades Fire, broke out. L.A. Mayor Karen Bass is also facing criticism ...

CBS News - Jan. 10

Why Elon Musk had to drop his ‘DOGE’ pledge to cut $2 trillion from the federal budget

We told you he would months ago, when he made the promise.

MarketWatch - Jan. 10

Whitehall braced for spending cuts after UK hit by bond market turmoil

Rising gilt yields mean government departments may face further squeeze

Financial Times - Jan. 10

L.A. fire chief on whether budget cuts impacted the fire response

Los Angeles Fire Chief Kristin Crowley spoke to "CBS Evening News" anchor and managing editor Norah O'Donnell about whether $17 million in budget cuts hindered the agency's wildfire response.

CBS News - Jan. 9

A month before fires, L.A. fire chief warned about impact of budget cuts

The Los Angeles Fire Department's budget was cut by $17.6 million, about 2%, this fiscal year. The fire chief warned last month it would make it harder to respond to emergencies.

CBS News - Jan. 9

Elon Musk says DOGE probably won't find $2 trillion in federal budget cuts

Tech billionaire Elon Musk said Wednesday that his budget-cutting effort on behalf of President-elect Donald Trump would most likely not find $2 trillion in savings, backtracking on a goal he set ...

NBC News - Jan. 9

‘We need to be in the room’: DOGE Caucus Democrat works with GOP to slash spending

Rep. Val Hoyle (D-Ore.), a member of the new House caucus partnering with President-elect Trump’s announced Department of Government Efficiency, joins Meet the Press NOW to discuss the bipartisan ...

NBC News - Jan. 8