‘We’re Not Touching’ Social Security in Proposed Cuts to Government Spending
President-elect Donald Trump said Sunday on NBC's “Meet the Press” that the Department of Government Efficiency (DOGE) will not cut Social Security. Host Kristen Welker said, “The president-elect will challenge billionaire CEO Elon Musk of Tesla and SpaceX to control government spending, along with businessman Vivek Ramaswami, one of Trump's former chief rivals.'' “We're ordering […]
9 states poised to end coverage for millions if Trump cuts Medicaid funding – KPAX News
With Donald Trump returning to the White House and Republicans taking full control of Congress in 2025, the Affordable Care Act's Medicaid expansion is once again on the brink. More than 3 million adults in nine states would immediately be at risk of losing health insurance if Republicans cut the additional federal Medicaid funding that […]
The U.S. added 227,000 jobs in November, setting in motion potential Fed rate cuts at the end of the year
227,000 jobs were added to the economy in November. (iStock ) In November, the number of employees increased more than initially expected. Nonfarm employment increased by 227,000 people, and the unemployment rate rose slightly to 4.2%. Published by the U.S. Bureau of Labor Statistics.. Healthcare, services, and government industries were the main drivers of employment […]
Pound Sterling briefly drops as BoE Bailey predicts four interest rate cuts in 2025 – FXStreet
Sterling rallied after Bank of England Governor William Bailey said he believed the process of defusing inflation was taking hold and predicted four interest rate cuts in 2025. Traders expect the central bank to keep interest rates unchanged at 4.75% at its meeting this month. Investors are awaiting a number of US economic indicators and […]
Job Openings Rise in October, Casting Wisdom of Fed Cuts Into Doubt
The U.S. labor market showed signs of stabilizing in October, with job openings rising and voluntary resignations reaching a five-month high, according to data released Tuesday by the Labor Department. According to the monthly Job Openings and Labor Turnover Survey (JOLTS), the number of job openings rose to 7.74 million from 7.37 million in September. […]
Beyond budget cuts, DOGE should consider the government's organizational flaws
The U.S. government could use an organizational review of the executive branch and analysis of major departments to determine the relevance and applicability of its roles and missions to today's needs. Using first-principles analysis to identify an organization's major weaknesses and deficiencies will reveal obvious deficiencies. co-chairman Elon Musk and Vivek Ramaswamy of the Ministry […]
5 key players in the fight over Trump tax cuts
President-elect Trump and the Republican Party have spent years strengthening their signature 2017 tax law and setting the stage for even more sweeping changes to the tax code. After sweeping the White House and Congress, his chance finally arrived. President Trump and Congressional Republicans aim to extend the 2017 cut in personal income tax rates, […]
Defra cuts pose ‘existential threat’ to England’s most beautiful areas | Rural affairs
Proposed cuts to Britain's most beautiful landscapes pose an “existential threat”, the managers of the National Landscape Association have warned. These 46 areas, including the Chilterns, Cotswolds, Wye Valley and North Pennines, were once known as Areas of Outstanding Natural Beauty, but this year they were renamed 'National Landscapes'. It covers 15% of England, including […]
Fed minutes show volatility was reason to go slow on rate cuts
Fed officials appeared to be divided on how far they should cut interest rates at their meeting earlier this month, but the entire group agreed that U.S. monetary policy will change in the coming weeks. They agreed that now is the time to avoid giving too specific guidelines regarding the possibility of such developments. First. […]
Lame Duck Biden Admin Cuts Massive Check For Failing EV Manufacturer
The Biden-Harris administration on Monday announced a multibillion-dollar loan to electric vehicle (EV) maker Rivian as the company continues to lose money. Rivian lost The company had sales of $1.1 billion, but sales fell by nearly $500 million in the third quarter of 2024 as slowing consumer demand for EVs hampered industry growth. Now, the […]