Trump Directs Treasury to Stop Minting New Pennies Citing Cost

Trump administration directs military to develop options for Panama Canal

NBC News' Courtney Kube reports on the Trump administration directing the U.S. military to begin developing options for the Panama Canal, according to two U.S. officials familiar with the matter.

NBC News - 5h

Former Treasury secretary on Trump's tariffs: 'People are overreacting a bit'

Former Treasury Secretary Steve Mnuchin believes that the economy is not in trouble and that people are overreacting to the new administration's policy changes.

The Hill - 23h

Treasury Secretary Bessent says economy could be 'starting to roll a little bit'

President Trump's Treasury secretary discussed the U.S. economy and tariffs on "Squawk Box."

CNBC - 6d

Tampa Bay Rays withdraw from planned $1.3 billion ballpark, citing storms and delays

The Tampa Bay Rays on Thursday withdrew from a $1.3 billion ballpark project, citing hurricanes and delays that likely will drive up the proposal’s cost.

NBC News - 3h

Tampa Bay Rays withdraw from planned $1.3 billion ballpark in St. Petersburg, citing storms, delays

The Tampa Bay Rays on Thursday withdrew from a $1.3 billion ballpark project, citing hurricanes and delays that likely will drive up the proposal’s cost

ABC News - 4h

Thune says Trump's tariffs should be 'temporary' amid market volatility

Senate Majority Leader John Thune (R-S.D.) said he supports President Trump using tariffs to stop the flow of fentanyl into the United States but said the tariffs should be temporary, citing the ...

The Hill - 2d

A new car costs nearly $50,000 on average: Here’s how much you'd pay per month

The cost of a new car could set you back $1,000 per month—here’s how to lower costs.

CNBC - 5d

Treasury value for money unit targets asylum housing costs

Rachel Reeves set up the Office for Value for Money (OVfM) in October to "root out waste and inefficiency".

BBC News - 1d

Austria's new government is stopping family reunions immediately for migrants

The new Austrian government says it has decided to immediately stop family reunion procedures for migrants because the country is no longer able to absorb newcomers adequately

ABC News - 1d

Former Treasury Secretary Steven Mnuchin says 'people are overreacting a bit' to Trump's policies

Former Treasury Secretary Steven Mnuchin said Wednesday he believes “people are overreacting a bit” to the policy changes from the current Trump administration.

NBC News - 1d

Trump's Treasury chief on 200% EU tariff threat: 'Not sure why that's a big deal' for markets

Treasury Secretary Bessent did not answer when CNBC asked if Trump's announcement was "premeditated," or whether the Cabinet secretary knew about it in advance.

CNBC - 2h

Trump economic team’s effort to calm recession fears falls flat

Calling bad news a temporary phenomenon didn’t work out well for Biden and it won’t for Trump, former Treasury Secretary Larry Summers said.

MarketWatch - 1d

China's retaliatory tariffs are a direct hit to U.S. farmers

Here are the products subject to China's retaliatory tariffs, and how U.S. farmers are reacting to Trump's trade policy.

CBS News - 2d

Tariffs Add to Automaker Concerns About Higher Steel Costs

Even before the new levies took effect, the industry was worried about prices after President Trump opposed a major merger in the steel sector.

The New York Times - 1d

Joe Walsh: Trump could 'stop the midterms,' run again

Former Rep. Joe Walsh (III.), an ex-GOP member-turned-pundit, speculated Sunday that President Trump could "stop" the midterm elections scheduled for next fall, or even run for president again in ...

The Hill - 3d

Trump's Canada, Mexico tariffs try to 'stop the bleeding' in US economy: UAW chief

President Donald Trump's tariffs on Canada and Mexico "are an attempt to stop the bleeding" in the U.S. economy, United Auto Workers President Shawn Fain said.

ABC News - 3d

The Dangerously High Cost of Tolerating Trump

Making government more efficient is an admirable goal. But this administration is bent on destroying it, putting our lives and businesses at risk.

Inc. - 2d

As Utility Bills Soar, New Yorkers Face the Cost of a Greener Future

The utility that serves New York City and Westchester County has filed a request to raise its rates to help pay for the shift to cleaner energy, sparking dismay among residents.

The New York Times - 4d

Fiona Hill says decision to stop sharing intelligence with Ukraine has "emboldened Russia"

Fiona Hill, who served as a top National Security Council official in the first Trump administration, tells "Face the Nation with Margaret Brennan" that the White House's decision to stop sharing ...

CBS News - 4d

Musk’s cuts fail to stop US federal spending hitting new record

Government spending rose to $603bn in February despite hyperactive efficiency drive, data shows

Financial Times - 1d

Putin wants direct White House talks before Ukraine ceasefire, but says he is open to deal in principle

Russian President Vladimir Putin thanked U.S. President Donald Trump for giving "so much attention" to the prospect of a Russia-Ukraine deal.

CNBC - 2h

Former Treasury Secretary Steven Mnuchin says 'people are overreacting a bit' to Trump's policies

Mnuchin, who served under Trump in the Republican's first term in office, said does not see signs of an imminent slowdown for the U.S. economy.

CNBC - 1d

Forcing women back into the office will cost us millions

New research from the University of Toronto's Rotman School of Management highlights how in-person work environments expose women to higher levels of workplace bias and mistreatment compared to ...

The Hill - 2d

How immigration and tariffs are impacting the cost of milk

A new CBS Reports documentary, "The Price of Milk," explores how immigration and tariffs impact dairy prices in the United States. The film takes a behind-the-scenes look at the legal and ...

CBS News - 3d

At least a dozen US states rush to ban common food dyes, citing health risks

RFK Jr’s ‘Maha’ giving fresh momentum to longtime efforts to outlaw additives, which is now a bipartisan movement. At least a dozen US states – from traditionally conservative Oklahoma to ...

The Guardian - 2d

New technique helps LLMs rein in CoT lengths, optimizing reasoning without exploding compute costs

Carnegie Mellon University researchers propose a new LLM training technique that gives developers more control over chain-of-thought length.

VentureBeat - 1h

Trump makes some false or misleading claims to justify Canada tariffs

President Trump has imposed steep tariffs on Canadian goods, citing trade imbalances and drug trafficking. But many of his claims exaggerate or misrepresent the facts.

CBS News - 56m

Trump administration says handling of USAID documents 'did not violate' federal laws

A USAID directive to destroy classified documents had been "seriously misapprehended," Trump administration attorneys wrote in a court filing Wednesday.

ABC News - 22h

Manchester United reveals plans for new 100,000-seater stadium

Arena is expected to cost at least £2bn and be the ‘centrepiece’ of a major regeneration project

Financial Times - 2d

FirstFT: Musk’s government spending cuts fail to halt rising costs

Also in today’s newsletter, Putin’s frontline visit and a new FT film on Nvidia’s rise

Financial Times - 9h

2-year Treasury yield ends at lowest level in 6 months on recession talk

Bond yields dropped sharply on Monday after President Donald Trump over the weekend shrugged off the possibility that his policies would cause a U.S. recession.

MarketWatch - 3d

Record spring break travel expected despite higher costs

AAA says on average domestic air fares are up 7% from last year, while gas is cheaper. CBS News senior transportation correspondent Kris Van Cleave found some last-minute deals.

CBS News - 5h

Trump Doubles Tariffs on Canada’s Steel and Aluminum

Small manufacturers in the U.S. will likely be hurt by resulting cost increases. The president is unmoved.

Inc. - 2d

New open-source math model Light-R1-32B surpasses equivalent DeepSeek performance with only $1000 in training costs

Companies can freely deploy Light-R1-32B in commercial products, maintaining full control over their innovations.

VentureBeat - Mar. 5

Alphabet aims to slash cost of new nuclear with small reactor deployments, CIO says

Alphabet's Google unit struck a deal last October to buy power from small modular reactors under development by Kairos Power.

CNBC - 2d

Tariffs to add as much as $10,000 to the cost of the average new home, trade association says

"The tariffs act as a tax on American builders, home buyers and consumers," the National Association of Home Builders said.

CNBC - 5h

Latest news on Trump's trade war with Canada, China

China and Canada have imposed retaliatory tariffs against the U.S. as part of the trade war surrounding President Trump's new policies. CBS News' Weijia Jiang reports.

CBS News - 3d

How new tariffs could make beer more expensive

A new 25% tariff on imported aluminum and steel takes effect today, raising costs for industries that rely on metal. For craft breweries like Talea Beer Co., the price hike could mean higher costs ...

CBS News - 1d

Treasury’s Bessent Defends Tariffs, Warns of a Coming ‘Detox Period’

The Treasury Secretary says that “access to cheap goods isn’t the essence of the American Dream.” But being profitable to grow and sustain a business is.

Inc. - 5d

Cerebras just announced 6 new AI datacenters that process 40M tokens per second — and it could be bad news for Nvidia

Cerebras Systems is challenging Nvidia with six new AI data centers across North America, promising 10x faster inference speeds and 7x cost reduction for companies using advanced AI models like ...

VentureBeat - 2d

Trump Directs Treasury to Stop Minting New Pennies Citing Cost

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