US Dollar takes yet again another hit with ECB's hawkish rate cut and revises 2025 inflation forecast to the upside – FXStreet
The US dollar remains stuck in the backfoot and cannot recover against its main ally. ECB Lagarde supports the concern by saying that the ECB must be vigilant and prompt to act in any circumstances. The US dollar index has already lost more than 3% of its previous value this week. The US Dollar Index […]
Why DOGE is NOT enough to cut costs
Elon Musk and government efficiency have made key headlines to cut down ineffective government agencies, but Daniel Horowitz, the host of “conservative review with Daniel Horowitz,” believes there is more to be needed. “What we've seen for the past five weeks or so is a vision of what could be,” Horowitz tells Jill Savage and […]
Trump eyes selling FBI, DOJ headquarters among 400+ government properties to cut waste
President Donald Trump's administration is reportedly considering selling more than 400 government property, including headquarters for several federal agencies. The U.S. General Services Agency published a list of 443 “non-core” properties on Tuesday. “GSA will consider non-core assets for sale.” The website states, “It identifies buildings and facilities that are not the core of government […]
Trump administration plans to cut 80,000 jobs from VA
According to the Associated Press, the Veterans Affairs Bureau (VA) plans to cut 80,000 jobs this summer as part of an “active” restructuring of the agency this summer. A memo submitted by Christopher Silleck of the Virginia Chiefs of Staff, said an agency-wide reorganization will take place this August, directing top-level officials to “align and […]
Refugees in Kenya’s Kakuma camp clash with police after food supplies cut | Global development
Thousands of refugees clashed with police this week in a Kenyan refugee camp and clashed with police after receiving news that food allocations would be cut due to funding issues. UNHCR, the UN refugee agency, confirmed that four refugees and local government officials were injured when police intervened in Monday to stop protesters at Kakuma […]
Trump administration plans to cut 80,000 employees from Veterans Affairs: internal memo
According to an internal memo obtained by the Associated Press, the Veterans Affairs Bureau is planning a “active” restructuring that cuts 80,000 jobs from the vast institutions providing healthcare to retired service members. VA Chief of Staff Christopher Sillek told the agency's highest level officials that it aims to cut enough employees to return to […]
The IRS is drafting plans to cut as much as half of its 90,000-person workforce, sources say – CNN
AP – According to two people familiar with the situation, the Internal Revenue Service has drafted a plan to cut the workforce in half through a mix of layoffs, attrition and incentive buyouts. People spoke on condition of anonymity Tuesday. Because they were not allowed to disclose the plan. The layoffs are part of the […]
The IRS is drafting plans to cut as much as half of its 90,000-person workforce, AP sources say – Yahoo Finance
WASHINGTON (AP) — The IRS is drafting a plan to cut the workforce by half through a mix of layoffs, attrition and incentive acquisitions, according to two people familiar with the situation. People spoke on condition of anonymity Tuesday. Because they were not allowed to disclose the plan. Layoffs are part of that The Trump […]
Canadian premier threatens to cut electricity to millions of Americans as Trudeau announces retaliatory tariffs
Canadian officials have announced retaliatory tariffs against the United States after President Donald Trump pursued the threat of tariffs on the country's largest trading partner. Prime Minister Justin Trudeau warned that the trade war would hurt Americans, but Ontario Premier Doug Ford went further and said his state was ready to cut off electricity to […]
Jets cut Davante Adams to end another failed experiment
The Jets finished another failed experiment by moving out of Davante Adams on Tuesday. The Jets released Adams as expected from the moment they decided to say goodbye to Aaron Rodgers, sources told the Post. The Jets traded three-round picks (73 overall) in the Raiders' upcoming draft as Adams' 11-game loan. The trade came as […]