Tag Archives: Cuts

WASHINGTON (AP) — The federal budget deficits caused by President Donald Trump’s tax and spending law could trigger automatic cuts to Medicare if Congress does not act, the nonpartisan Congressional Budget Office reported Friday. The CBO estimates that Medicare, the federal health insurance program for Americans over age 65, could potentially see as much as $491 billion in cuts from …

Appeals court clears way for deep cuts, restructuring at CFPB  Politico CFPB staff layoffs can proceed, appeals court rules  NPR Trump Administration Gets Major Court Win  Newsweek CFPB cuts can resume, divided appeals court rules  CNN Federal appeals court allows CFPB dismantling to proceed  Axios Source link

Cheng Xin / Getty Images The news offset better-than-expected fourth-quarter results, driven by demand for Coach bags Fashion handbag maker Tapestry slashed its full-year forecast because of the costs on new U.S. tariffs. The company lowered its fiscal 2026 earnings per share estimate as it anticipates a $160 million hit from tariffs. The news offset better-than-expected fourth-quarter results, driven by …

The Inflation Panic Is All Wrong. How Tariffs Could Lead to Interest Rate Cuts.  Barron’s Inflation or recession? Either way, Trump’s tariffs will leave lasting scars.  The Hill Why the economy could be headed for an inflation roller coaster ride  Business Insider Tariffs are generating inflation  Financial Times Local financial advisor weighs in on inflation, tariffs and the economy  Spectrum News Source link

Fed Faces High Bar for Big Cuts Despite White House Pressure  The New York TimesView Full Coverage on Google News Source link

Advance Auto Parts Cuts 2025 Outlook Amid Weaker Results  The Wall Street Journal Advance Auto Parts Stock Skids After Earnings Beat. Here’s Why.  Barron’s Advance Auto Parts lowers FY25 profit guidance on borrowing costs (AAP:NYSE)  Seeking Alpha Advance Auto Parts: Q2 Earnings Snapshot  WRAL.com Advance Auto Parts Cuts Outlook as It Takes on New Debt  MSN Source link

SEPTA cannot pause massive service cuts in the wake of the Senate’s passage of legislation to move money designated for transit capital operations as temporary operating funds, the transit agency’s top executive said Wednesday. “We will continue with those cuts as scheduled,” Scott Sauer said at a meeting of the state House Rules Committee to decide whether to go forward …

Bessent Calls for Big Rate Cuts. Futures Markets Aren’t Buying It.  Barron’s Fed Faces High Bar for Big Cuts Despite White House Pressure  The New York Times Bessent Says He’s Not Pushing Fed Cuts, Just Highlighting Models  Bloomberg.com Is the Fed ready to cut interest rates? Experts weigh in  ABC News Fed cut seen near certain after inflation data, Bessent comments  Reuters Source link

The Stock Market Is Betting on Big Tech and Rate Cuts, Not the Economy  Barron’sView Full Coverage on Google News Source link

Proponent of Medicaid cuts set to brief House Republicans as they plot another megabill  Politico ‘Big, Beautiful Bill 2.0’ Underway? House GOP Enthusiastic, Senate GOP Hesitant: Report  Benzinga GOP senators want nothing to do with Mike Johnson’s latest plan: report  rawstory.com GOP senators warn proposed Republican megabill might do more ‘damage’ than good  Irish Star House GOP Leadership Considering Second Megabill  Meridian Magazine Source link