Speaker Johnson sets eyes on cutting government spending
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Fed chair says central bank ‘can afford to be a little more cautious’ in cutting rates
Federal Reserve Chairman Jerome Powell said Wednesday that the economy is stronger than it was in September, when the central bank began cutting interest rates, and that policymakers may be wary of cutting rates further. “We can afford to be a little more cautious as we strive for neutrality,” Powell said at a New York […]
Trump reportedly considering cutting out mainstream media from press room in favor of independents like Joe Rogan
President-elect Donald Trump is reportedly considering shaking up even the White House press office, according to his son Donald Trump Jr. Trump Jr. told Daily Wire host Michael Knowles: discussed Possibilities with his father have also been considered, and potential successors such as podcaster Joe Rogan have also been floated. “I would like to have […]
Khanna says Democrats will work with Musk's DOGE on cutting defense budget
Rep. Ro Khanna (D-Calif.) suggested Monday that Democrats could work with tech billionaire Elon Musk's Department of Government Efficiency (DOGE) to cut the defense budget. The issue came up during Khanna's interview with CNN anchor Jim Acosta, where he mentioned the DOGE panel. President-elect Trump has named Musk and former Republican presidential primary candidate Vivek […]
Sweden Joins Danes in Guarding Chinese Ship Amid Cable Cutting Probe
(AFP) Sweden's coast guard said on Saturday it had begun monitoring Chinese vessels anchored off the country's coast in cooperation with Denmark after two undersea cables were severed due to suspected sabotage. . On November 17th and 18th, parts of two communication cables were cut in Swedish territorial waters in the Baltic Sea. Police in […]
American Airlines expanding technology, cracking down on line cutting ahead of holiday travel
As airports prepare for holiday travel, American Airlines said it is enhancing its technology to allow passengers to board only if their assigned group is called. announced In a release Wednesday. “Our customers have told us that being able to fly in their assigned group is important to them because it's a benefit that comes […]
Denzel Washington complains about ‘Gladiator II’ directors cutting his gay kissing scene — ‘They got chicken’
The long-awaited Gladiator II, starring Denzel Washington as Macrinus, will be released in theaters this Friday. However, one person who isn't excited about the sequel is Jason Whitlock. His disappointment stems not from the film itself, but rather from Washington's decision to reveal his role in the film. “I actually kissed a guy in the […]
AP cutting 8% of workforce as new org shifts focus after election cycle
The Associated Press announced Monday that it will begin an acquisition offer and lay off some employees as part of a plan to reduce its news organization's workforce by about 8% and accelerate its transition to a digital-first organization. The move is part of what is expected to be a gloomy end of the year […]
General Motors Lays Off 1,000 Workers, Says Cost Cutting Needed to Remain Competitive
General Motors (GM) said Friday it will lay off about 1,000 employees worldwide and cut costs as it aims to compete in the crowded global auto market. Affected GM employees, mostly white-collar workers, were told in the early morning hours as they were preparing for the weekend. The company confirmed the layoffs in a statement, […]
Granholm warns that cutting EV tax credits would be ‘ceding’ to China
Energy Secretary Jennifer Granholm warned on Friday that President-elect Trump's reported plan to cut consumer subsidies for electric vehicles (EVs) would benefit China. “What do you do when you remove these credits? You end up ceding territory to other countries, especially China,” Granholm told reporters at the COP29 global climate summit in Baku, Azerbaijan. He […]