Federal Reserve As It Happened Us Central Bank Cuts Growth Forecast and Boosts Inflation Outlook
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HUD, Interior announce plan to use federal land for affordable housing
Department of Housing and Urban Development Secretary Scott Turner and Department of the Interior Secretary Doug Burgum announced on Monday plans to identify federal lands where affordable housing ...The Hill - 4d -
Chicago Fed President Goolsbee sees rate cuts depending on inflation progress
Goolsbee told CNBC that he's been hearing more concerns from businesses in his region about the impact of tariffs.CNBC - 6h -
Noteworthy new books on economics
Why advanced economies are struggling to build; how Britain can boost growth; plus books on inequality and povertyFinancial Times - Mar. 10 -
UK financial regulators in retreat as prime minister piles on pressure
City cheers Sir Keir Starmer’s crackdown on red tape but there are questions over how much it can boost growthFinancial Times - Mar. 12 -
Could the US buy Greenland? If so, how?
Donald Trump says he wants the US to take over Greenland. Could it happen? If so, how?BBC News - Mar. 6 -
House GOP seeks spending cuts, defense increases in plan to avert shutdown
House Republicans on Saturday unveiled a six-month stopgap government funding plan, that seeks cuts to nondefense programs while boosting funding for defense. The bill's rollout kicks off a crucial ...The Hill - Mar. 8 -
EU’s foreign policy chief laments US funding cuts to Radio Free Europe
Kaja Kallas says the bloc cannot automatically fill the gap left by the US. The EU’s foreign policy chief, Kaja Kallas, expressed disappointment over US funding cuts to Radio Free Europe and said ...The Guardian - 4d -
Department of Education cuts half its workforce
The Department of Education cut half its workforce amid President Trump’s effort to abolish the agency. Trump touted the cuts, saying they shift responsibilities away from the federal bureaucracy ...NBC News - Mar. 12 -
Trump’s reciprocal tariffs could bring stagflation — and deflate his support
Trump campaigned on bringing prices down. If tariffs spike inflation and slow U.S. growth, his popularity could suffer.MarketWatch - 2d -
Food Banks Left in the Lurch as U.S.D.A. Shipments Are Suspended
A representative of a nationwide food pantry network, said U.S.D.A. officials had informed him that some food aid distributed by the federal government was under review.The New York Times - 19h -
Price growth cooled more than expected in February, before Trump ramped up tariffs
The president took office promising to immediately lower inflation, but economists say his expanding trade war threatens progress on price hikes.NBC News - Mar. 12 -
Nothing boring about it: Unpredictable women’s NCAA Tournament is another boost
For years, the knock on the women’s NCAA Tournament was that it was too predictable, too top-heavy. Why watch when you what’s going to happen? That’s boring, right? It doesn’t make for compelling ...Yahoo Sports - 9h -
Ulta Beauty CEO says investments in growth ‘will take time’ to pay off, but shares still rally
Beauty-products retailer Ulta Beauty’s stock climbed after hours Thursday, after the company offered a full-year forecast that was shy of Wall Street’s estimates but fourth-quarter results that ...MarketWatch - Mar. 14 -
Teachers protest cuts to education funding
Teachers across the country are protesting against federal cuts in education. This comes as President Trump signed an executive order to dismantle the Department of Education. NBC News' Morgan ...NBC News - 18h -
Trump administration briefing: US backs Russia ahead of G7, Republican spending bill boosts defense
US has reportedly rejected Canadian proposal to tackle Russian ‘shadow fleet’, Republican bill trims everything aside from defense – key US politics stories from Saturday at a glance. The US has ...The Guardian - Mar. 9 -
Tate cuts almost a tenth of staff as it tackles deficit
UK arts institution tries to break even ahead of fundraising rounds designed to drive growthFinancial Times - Mar. 14 -
'You lose all hope': Federal workers gripped by mental health distress amid Trump cuts
In interviews with NBC News, many federal workers shared stories of overwhelming stress, personal crises, rapid weight loss, panic attacks and more.NBC News - Mar. 9 -
Why the Arabic ‘Sesame Street’ and Other Cuts Are Not Really About Fraud
As President Trump and Elon Musk cut federal programs, they often equate political and policy differences with corruption.The New York Times - 5d -
Elon Musk's Starlink has a growing footprint in the federal government
The use of Starlink has been adopted by at least one additional federal agency since Donald Trump began his second presidential term.NBC News - Mar. 8 -
FedEx is the latest company to sound the alarm on the U.S. economy
FedEx cuts its profit outlook for the third time in a row, thanks to “continued weakness and uncertainty in the U.S. industrial economy.”MarketWatch - 1d -
Delta, Southwest, American Airlines Cut Forecasts, an Early Alarm About Consumer Spending
The revised revenue projections suggest that flagging economic confidence has started to hurt travel, which can be an indicator for other industries.The New York Times - Mar. 11 -
The market’s at a fork in the road, says RBC as it becomes third firm to cut S&P 500 forecasts.
Three is a trend, as RBC Capital Markets joined Goldman Sachs and Yardeni Research in slashing S&P 500 price targets.MarketWatch - 4d -
Brussels seeks to purchase weapons for entire EU
European Commission president Ursula von der Leyen proposes central arms reserve capitals could draw fromFinancial Times - 3d -
GOP's Burchett berates CNN anchor over spending cuts coverage
Rep. Tim Burchett (R-Tenn.) on Tuesday attacked CNN’s coverage of the Department of Government Efficiency’s (DOGE) spending cuts and accused the network of trying to rally its viewers against ...The Hill - Mar. 11 -
As Federal Cuts Brush Against Private Sector, Should Your Company Make a DOGE Contingency Plan?
A really good long-term business plan may include processes to follow in disaster scenarios. It’s something to think about, as Elon Musk’s DOGE teams upends the federal government and side effects ...Inc. - Mar. 10 -
U.S. consumers are starting to crack as tariffs add to inflation, recession concerns
Airline and retail executives are bracing for a slowdown in demand amid concerns tariffs will cut down consumer spending.CNBC - 6d -
Ford Is Sticking With an EV Future—With a Boost From Tesla
Qualified Ford EV owners are finally receiving an adaptor that allows them to access the Tesla Supercharger network, and CEO Jim Farley tells WIRED that Ford is a “hungry” number two in US EV sales.Wired - Mar. 11 -
Rosie O'Donnell moves to Ireland: 'Heartbreaking to see' what's happening in US politics
Rosie O'Donnell, a longtime critic of President Trump, announced Tuesday that she has moved to Ireland, citing U.S. politics as the catalyst for her relocation. In a nearly 10-minute-long TikTok ...The Hill - Mar. 11 -
Trump’s Cuts to Federal Work Force Push Out Young Employees
The loss of early career workers has raised concerns about the impact on the next generation of civil servants.The New York Times - Mar. 6 -
Trump defends Elon Musk, DOGE cuts to federal workforce
President Trump defended Elon Musk and DOGE over the weekend after reported rifts between Musk and Cabinet members. CBS News White House reporter Olivia Rinaldi has more.CBS News - Mar. 10 -
What's next for federal education funding after Trump cuts
President Trump is starting to enact his pledge to close the Department of Education. Liam Knox, a reporter for Insider Higher Ed, joins to discuss.CBS News - Mar. 12 -
Federal Agency Dedicated to Mental Illness and Addiction Faces Huge Cuts
The Substance Abuse and Mental Health Services Administration has already closed offices and could see staff numbers reduced by 50 percent.The New York Times - Mar. 13 -
Some Federal Office Leases Restored After Pushback to Musk Team’s Cuts
The chaotic effort to reduce the government’s real estate portfolio is another example of the setbacks the administration has faced as officials try to carry out President Trump’s agenda.The New York Times - 4d -
As DOGE Cuts Ripple, Federal Employees Flock to Reddit for Information and Support
The social media platform’s policies on moderation, rules, and civility make it a haven for government workers under DOGE pressure.Inc. - 5h -
Islamic State leader in Iraq and Syria killed, US says
Abdallah Makki Muslih al-Rifa was head of IS's most senior decision-making body, the US Central Command said.BBC News - 6d -
US makes fresh push for World Bank to back nuclear power
New administration wants Washington-based multilateral lender to help the west compete with China and RussiaFinancial Times - Mar. 9 -
Morgan Stanley is the latest bank to trim its workforce. Here’s why.
Morgan Stanley plans to cut between 2% and 3% of its 80,000 global employees late this month, a person familiar with the matter said on Tuesday.MarketWatch - 2d -
What happens to Social Security, TSA and other programs if government shuts down?
Hundreds of thousands of federal workers are on edge as the Senate struggles to reach a deal ahead of Friday night's looming deadline.ABC News - Mar. 13 -
Citi cuts top bankers’ bonuses tied to turnaround drive
Payouts for 250 senior staff reduced as lender strains to boost returns and improve compliance functionFinancial Times - 2d -
Germany OKs huge boost in defense spending as Europe gears up for new era
Germany’s parliament approved plans for a massive spending surge on Tuesday, throwing off decades of fiscal conservatism in hopes of reviving economic growth and scaling up military spending for a ...NBC News - 3d