Tag Archives: Spending

Trump cancels $4.9 billion in foreign aid, escalating spending fight with Congress  Reuters Trump bypasses Congress to cancel nearly $5 billion in foreign aid  CNN White House plans to use ‘pocket rescissions’ to slash billions in foreign aid  NBC News Trump tries to wrest spending power from Congress as government shutdown looms  The Washington Post What’s a pocket rescission, the tool Trump used to …

What economists are watching for in tomorrow’s PCE inflation and spending data  MarketWatch The Fed’s Preferred Inflation Gauge, PCE, Is Due Tomorrow. Here’s What to Know.  The Wall Street Journal US Inflation to Edge Up as Powell Shifts on Job Market: Eco Week  Bloomberg.com PCE Inflation Likely Ticked Up in July. That May Complicate the Fed’s Next Rate Decision.  Barron’s Euro Forecast: EUR/USD Recovers …

Gov. Jared Polis said Thursday he will reverse the state’s plans to increase reimbursement rates for health care providers who see Medicaid recipients to help address a roughly $750 million hole in the state budget caused by the Republican federal tax and spending bill.  That will save the state about $38 million by forgoing a planned 1.6% rate hike. That’s the …

Care and Feeding is Slate’s parenting advice column. Have a question for Care and Feeding? Submit it here. Dear Care and Feeding, My in-laws live a four-hour flight away but visit us five to six times a year. They’re both retired and enjoy traveling. My husband and I are parents to their only grandchildren, and they claim they love spending time with …

The A.I. Spending Frenzy Is Propping Up the Real Economy, Too  The New York Times AI’s Big Leaps Are Slowing. That Could Be a Good Thing.  The Wall Street Journal Why did MIT find 95% of AI projects fail? Hint: it wasn’t about the tech itself  Fortune The Prompt: Investors Worry About An AI Bubble  Forbes Is a bubble forming as AI investments drive …

Michigan House Republicans unveil and quickly approve the bulk of a $78.5 billion budget proposal.  Plan would cut spending for most state departments, eliminate thousands of government jobs and ban DEI initiatives The proposed cuts would help pay for a $3 billion increase in road funding, along with $99 million in earmarks and $50 million for a UP copper mine …

Facebook Tweet Email Link The Trump administration on Tuesday asked the Supreme Court to step into an ongoing fight over billions of dollars in foreign aid that it says a lower court will force it to spend unless the justices intervene. The emergency appeal, which asks the high court to weigh in by next week, deals with an unusual procedural …

Exclusive | Meta Freezes AI Hiring After Blockbuster Spending Spree  The Wall Street Journal Mark Zuckerberg Shakes Up Meta’s A.I. Efforts, Again  The New York Times ‘Superintelligence is coming:’ Read the full memo Alexandr Wang sent about Meta’s massive AI restructure  Business Insider Meta shares fall on AI restructuring report, while Lilly shrugs off Novo’s Ozempic price move  CNBC How Meta Became Uniquely Toxic …

Senate Adds Guardrails in an Effort to Force Trump to Obey Spending Bills  The New York Times Fear of Trump funding ‘wrench’ escalates as Congress faces shutdown cliff  Politico Donald Trump: Purse-Snatcher in Chief  U.S. News & World Report Trump funding delays testing Congress’ power may be intensified. How will Republicans respond?  Reuters Trump budget officials claim sweeping spending power from Congress, records show  The …

Facebook Tweet Email Link Democratic Texas state Rep. Nicole Collier is spending the night on the Texas House floor in protest after refusing a Republican demand to be placed under the watch of the state Department of Public Safety. When Texas House Democrats returned to the Capitol in Austin on Monday, after having fled the state earlier this month in …