Fed expected to cut interest rates in 2025 despite trade war — but not until later in year
The Federal Reserve is planning to cut interest rates this year as policymakers put pressure on Trump's fallout from tariffs, according to a survey released Friday. Voted by Bloomberg News, the economist predicted two quarter cuts, with the outlet reporting the first one being expected in September and the second being expected in December. Fed […]
USPS Partners With Elon Musk’s DOGE Team For Reform, Plans To Cut 10K Jobs
The USPS Post Office is located on February 5th, 2025 near Los Angeles International Airport (LAX) in Los Angeles, California (Photo by Patrick T. Fallon/AFP via Getty Images) OAN Staff James Meyers9:12am – Friday, March 14th, 2025 US Postmaster Louis DeJoy has announced to Congress that he has signed an agreement with Elon Musk's Government […]
President Trump admin plans to cut 80,000 employees from VA | LiveNOW from FOX
The Department of Veterans Affairs is planning an “aggressive” reorganization that includes cutting 80000 jobs from the sprawling … source
White House ‘not going to cut Social Security:’ LaCivita
The White House won't cut Social Security, President Trump's 2024 co-campaign manager Chris Lacivita said in a new interview in response to questions about the need to look into the eligibility spending of tech billionaire Elon Musk. “They are not going to cut Social Security. They are not going to cut Medicare, they just aren't. […]
Gold (XAU) Silver (XAG) Daily Forecast: Will Gold Break $3,000 as Fed Rate Cut Bets Rise? – FX Empire
The producer price index (PPI) was stable, with the annual rate falling from 3.7% to 3.2%, strengthening expectations for a lenient monetary policy. Silver is stable amidst the volatility of the market Silver (Xag/USD) is trading at $33.91 after soaking it in $33.67 early in the session. Metals remain well supported by economic uncertainty and […]
USPS signs agreement with DOGE, agrees to cut 10,000 workers
US Post Officer Louis DeJoy signed a contract with members of Congress on Thursday to sign the efficiency and agreement between the General Services Bureau and Elon Musk, cutting billions of dollars with 10,000 workers from the U.S. Postal Service Budget. In a letter to Congress, Dejoy lamented that the postal service had a “broken […]
U.N. Rolls Out DOGE-Like ‘UN80 Initiative’ to Cut Costs
UN Secretary-General Antonio Guterres announced on Wednesday the UN80 Initiative, a streamlining programme named after the 80th anniversary of the world organization. Skeptics suggested that the program will be a largely sensual attempt to drive US spending cuts by vaguely mimicking the government efficiency (DOGE) of America's new fat trimming. “These efforts aren't over in […]
Johns Hopkins University says it is cutting more than 2,000 workers due to cut to federal aid
Johns Hopkins University said Thursday it is cutting more than 2,000 workers as federal funding has been cut. “Over $800 million finished [U.S. Agency for International Development (USAID)] A school spokesman said in an email to the hill. “We can confirm that the elimination of foreign aid funds has resulted in 1,975 positions in 44 […]
Congress poised to force $1B cut to local DC budget, surprising many lawmakers
Congress is poised to pass a Trump-approved funding bill this week. DC officials warn that it will lead to a $1 billion cut in the district's local budget. The 99-page GOP draft StopGap funding bill will continue to run the federal government past the Friday night closure deadline at the 2024 level. Its passing is […]
Wes Streeting’s ‘high stakes’ abolition of NHS England will cut 10,000 jobs | NHS
Wes Streeting has ordered a restructuring of the NHS' “high stakes” that will scrap 10,000 jobs in an attempt to free cash for frontline care. Experts warned that the move to abolish NHS England and fold it into the Ministry of Health could divert the minister from the urgent work to finish treatment, but trade […]