Politics
Social Security, Medicare cuts face massive opposition in deep red state
Registered voters in Tennessee, which backed President Donald Trump by nearly 30 points in the 2024 election, are deeply opposed to cuts…
Tag
Cuts
Business
Bank of England cuts rates to 4.25% as it sees tariff hit to growth
The Bank of England cut its main interest rate by 0.25 percentage points to 4.25 per cent on Thursday, despite an unexpected three-way…
Politics
Facing self-imposed budget cuts, Republicans in Congress mull the future of Medicaid
Congress is forging ahead with its budget for next year, but the most controversial program on the chopping block — Medicaid — is causing…
Politics
Maersk cuts global container market outlook on tariff war
Maersk sees global container volume market in the range of 1% decline to growth of 4% this year Danish container giant AP Moller-Maersk…
Politics
How 5 potential Medicaid cuts would change coverage for millions
House Republicans will be finalizing their legislative package in the next few weeks, and major Medicaid cuts are on the table. The GOP…
Business
China Cuts Interest Rates to Shore Up Economy Hit by Trade War
China’s central bank cut interest rates and made it easier on Wednesday for banks to increase lending and pump more money into the…
Politics
Rivian cuts EV delivery outlook, sees tariff impact
Rivian Automotive said full-year deliveries will decline more sharply than it anticipated just a month ago, citing risks that US President…
Politics
US SEC’s new chief says 15% of staff have left, contract cuts to come, sources say
The new head of the US Securities and Exchange Commission told staff on Tuesday the agency has lost 15 per cent of its headcount across…
Politics
An overwhelming majority of Americans don't want Trump tax cuts to expire
A majority of Americans don't support raising taxes, according to a new poll, which also bodes well for support of President Trump's plans…
Politics
California and other states sue to block Trump administration cuts to health department
California and a coalition of other states sued the Trump administration Monday to block sweeping cuts to the U.S. Department of Health…
Politics
Democratic Leader Hakeem Jeffries rips Trump budget cuts at desert town hall
RANCHO MIRAGE — One day after President Trump proposed a budget that would deeply slash the federal government, Democratic House Minority…
Politics
US Fed expected to pause cuts again and wait for clarity on tariffs
The US Federal Reserve is widely expected to extend a recent pause in rate cuts this week as it waits to see how US President Donald…
Politics
NPR stations targeted for cuts by Trump have provided lifelines to listeners during disasters
After Hurricane Helene devastated Asheville, North Carolina, the sound coming from open car windows as residents gathered on a street at…
Politics
Republicans Wrestle With Trump’s Demands for Tax Cuts
It was easy to miss, but last weekend President Trump floated a fundamental rewrite of the American tax code. In a social media post, and…
Politics
Could Medicaid Cuts Lead Republicans to Break With Trump?
The move comes after Trump’s first choice for the ambassadorship, Representative Elise Stefanik, withdrew her name from consideration…
Business
Solid Jobs Report Reinforces Fed’s Patient Approach to Interest Rate Cuts
A solid labor market has for months given the Federal Reserve comfort that it could hold off on interest rate cuts until it had more…
News
Electronic Arts lays off hundreds of workers in latest round of cuts
Electronic Arts, the global video game company, is slashing its workforce again. The company, based in Redwood City, Calif., has…
Politics
GM Cuts Profit Forecast by 20% and Says Auto Tariffs Will Cost It Billions
General Motors cut its profit forecast for 2025 on Thursday by more than 20 percent and said the Trump administration’s tariffs would…
Business
Bank of Japan keeps rates steady, cuts growth forecasts
The Bank of Japan (BOJ) kept interest rates steady and cut its growth forecasts on Thursday (May 1), as uncertainty surrounding US tariffs…
Business
Bank of Japan keeps rates steady, cuts growth forecasts on US tariff hit
The Bank of Japan (BOJ) kept interest rates steady and sharply cut its growth forecasts on Thursday (May 1), suggesting uncertainty…
Politics
As Trump Cuts Foreign Aid, What Does It Mean for the Gates Foundation?
On Dec. 27, Bill Gates, the billionaire philanthropist, made a trip to Mar-a-Lago for dinner with Donald J. Trump. Some people around him…
Politics
Trump’s Cuts to Science Funding Could Hurt U.S. Economy, Study Shows
Cutting federal funding for scientific research could cause long-run economic damage equivalent to a major recession, according to a new…
Business
Thailand’s central bank cuts key rate by 25 bps
Thailand’s central bank cut its key interest rate by a quarter point for a second consecutive meeting on Wednesday (Apr 30), in a move to…
Business
Thailand’s central bank cuts key rate again, lowers growth forecasts as tariffs loom
Thailand’s central bank cut its key interest rate by a quarter point for a second consecutive meeting on Wednesday (Apr 30), in a move to…