Trump's aid freeze frozen

January 29, 2025

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Welcome to Hill's Business & Economy Newsletter

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Business and economy

big story

The judge of Biden will suppress the freezing of Trump assistance

The Federal Judge has prevented President Trump's plan to freeze the federal aid. Just a few minutes Before it is set before it is enforced late on Tuesday afternoon.

Lauren Alican, a U.S. district judge, stated that it has acknowledged a “short management stay” to hold the federal government. at least Until Monday after a non -profit organization and a group of public health organizations filed a lawsuit.

This task was brought to the national non -profit organization. Sage, Pro-LGBTQ Advocacy organization for the elderly. American Public Health Association. SME Group Main Street Alliance. They are represented by democratic forwards. I fought frequently Trump of the court.

This is because the Democratic Party has been questioning Trump's recent legal legality since the Democratic Party was developing late on Monday.

Recent orders have instructed the federal government agency. Pause temporarily “All activities related to the fiscal government's obligations or payments of all federal governments” government has made a review to ensure that it matches Trump's agenda.

The administration defended the plan on Tuesday, emphasized its restrictions, and asserted the plan. Not applied It does not affect social security to individuals or other direct payments.

The hill Zack Schonfeld and Ella Lee are more here.

Welcome to the hill Business and economy newsletterARIS FOLLEY and TAYLOR GIORNO cover the intersection between Wall Street and Pennsylvania Avenue.

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Essential reading

Major business and economic news affected this week:

Johnson has the potential to cooperate with the Democratic Party with the debt limit.

Doral -speaker Mike Johnson (R -LA) is an interview with Hill's Emily Brooks on Tuesday, not to include it in the GOP settlement package in cooperation with the Democratic Party. I had sex. By party line voting.

Complete story

“Practice of political abuse”: Republican members are facing a legislative gauntlet with settlement

The Senate Republican member uses a legislative process called a technical outline that avoids the Senate's democratic Philovaster and allows the law to be passed with a simple majority, and has a wide range of parties in different acts. I want to hand over the agenda.

Complete story

Philadel Fear Hall Foods first forms a union

Filadelphia's Hall Foods employees made a history as the first grocery chain owned by Amazon after voting on Monday.

Complete story

Collins and the Senate Budget Chairman calls for a suspension of “too much” to raise OMB.

Senator Susan Collins (R Main), chairman of the powerful Senate, freezes the federal loan expenditure, “too much”, and warns that it has a significant impact. I called a new note of the budget bureau. About providing federal services.

Complete story

Tax -watch

Welcome to the tax watchThe Hill's Business & Economy Newsletter's new features focus on tax reforms and promotion to extend this year's 2017 Trump tax cuts.

Reduction of tax, GOP retreat menus

That's the case with President Trump and the Republican Party Party It is crowded with Florida This week, they will charate their ambitious legislative agenda. Some of the taxes and expenditures can be made to allow them to fund it.

Republican members are considering the rules of more than 200 options, including the permanent index of the national poverty program for urban consumers (CPI-U), and have attended schools. Requests to request. Social security benefits Collection a 10 % of general tariffs It can bring $ 1.9 trillion in 10 years.

They are also considering eliminating mortgage interest deduction with about $ 1 trillion. Reduction of corporate tax rate From 21 % to $ 5220 billion to 15 %, the Democratic Party's Inflation Reduction Law's Most Corporate Substitute for Corporation was abolished by $ 222 billion.

-Tobia Subanz

Approaching

Hill Night report We disassemble the big political story of the day and pioneer tomorrow. Click here to sign up and get it in the inbox

Ticker

Future New Stema and the event we are watching:

The Senate is holding a confirmation hearing of the Secretary of Commerce. Howard Rutonic And the Candidate of the Ministry of Health and Welfare Robert F. Kennedy Jr. Wednesday starts at 10 am.
Federal preparation system We will announce that interest rates will be stable at 2:00 pm. Jerome Powell A press conference will be held at 2:30 pm

In other news

Please branch in more stories of the day:

DeepSeek says that chatbots were built cheaply. What does it mean for AI energy knees and climate?

Chinese artificial intelligence startup company Deepseek surprised the market and AI experts …

Complete story

You should know

Business and economic news we have flagged from other outlets:

Metascramble after Chinese AI is equal to its own. Mask Silicon Valley (information)
Trump got what he wanted Columbia。 But his tactics may come back to chew him. (Politics)
Given by the US subsidiary of Chinese chemical Conglomarit $ 250,000 To the inauguration ceremony (Mother Jones)

What others are reading

Top story above Imaoka:

OPM complained of privacy concerns with the e -mail system of the new government as a whole.

Two federal employees have appealed to the Human Resources Management Bureau (OPM) to block the creation of a new e -mail distribution system. This is because the information is reported to the former staff to be directed to the current institution, Elon Musk.

read more

The state loses access to the Medicade Payment Portal while the Trump Federal aid is frozen

A state -of -country Medicade Program reported that Trump has lost access to the federal payment portal one day after the announcement of federal subsidies and assistance. read more