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DOGE wants to cut $1 trillion this year. But it’s not looking at big spending drivers
Even if you take DOGE's savings claims so far at face value, its moves to cancel contracts, end leases and push federal agencies to reduce head count barely dent the government's balance sheet.
US House Republicans aim for vote to avert government shutdown on Tuesday
Republican U.S. House of Representatives Speaker Mike Johnson aims to hold a vote on Tuesday on a bill to fund the government ...
Department of Government Efficiency says it has shut down 146,000 credit cards
The Department of Government Efficiency this week shared its progress in auditing roughly 4.6 million government credit cards ...
The Trump administration may exclude government spending from GDP, obscuring the impact of DOGE cuts
Commerce Secretary Howard Lutnick says he could take government spending out of his agency's reports on gross domestic ...
US announced job cuts surge 245% in February on federal government layoffs
Layoffs announced by U.S.-employers jumped to levels not seen since the last two recessions amid mass federal government job ...
US employers cut more jobs last month than any February since 2009
The Trump administration’s massive federal cuts and swelling feelings of economic uncertainty helped fuel a recession-level spike in layoffs last month, new data showed Thursday.
Trump, tariffs and potential defense spending surge overshadow European Central Bank meeting
The bank's monetary policy statement and post-meeting news conference by President Christine Lagarde will be scrutinized for ...
Republican Johnson wants 'clean' US funding measure, wait on spending cuts
U.S. House Speaker Mike Johnson said on Sunday that he wants to pass a "clean" stopgap funding measure to keep federal ...
Government shutdown looms as Trump tries to assert new spending powers
Congress has less than two weeks to extend a federal funding deadline, but lawmakers are arguing over whether the White House ...
Germany's defense and government spending boost triggered a global bond sell-off
On Wednesday, 10-year German bonds saw the worst day since March 1990 — just months after the fall of the Berlin Wall.
Trump Spending Freeze on Grants, Loans Blocked by Another Judge
A federal judge issued a long-term order blocking President Donald Trump’s controversial attempt to freeze billions of dollars in Congress-approved loans, grants and other payments to recipients ...