3 h. ago New Mexico governor signs bills to counter federal cuts, support health care and food assistance

New Mexico Gov. Michelle Lujan Grisham has signed a package of bills aimed at shoring up food assistance, rural health care and public broadcasting in response to recently enacted federal cuts

Society

39 h. ago Trump to meet with Project 2025 architect on cutting ‘Democrat agencies’ amid government shutdown – live

Trump touts meeting with Russ Vought ‘of Project 2025 fame’ to determine where cuts can be made as the federal government remains shut for second dayHere’s what the shutdown means for travel, national parks and housingSince the US government shut down at midnight on Wednesday, tens of thousands of federal workers have been furloughed (told not to work), while others must work without pay until Congress passes a budget. The shutdown will have a wide range of effects on government services and programs as well as the US economy, from national parks to travel and housing.My colleague Marina Dunbar explains what it means for everyday people:This isn’t the way to have a discussion, shutting down the government and lowering the GDP. We could see a hit to the GDP, a hit to growth and a hit to working America. Continue reading...

Politics

40 h. ago Trump to meet with Project 2025 architect on cutting ‘Democrat agendas’ amid government shutdown – live

Trump touts meeting with Russ Vought ‘of Project 2025 fame’ to determine where cuts can be made as the federal government remains shut for second dayHere’s what the shutdown means for travel, national parks and housingDonald Trump is up and truthing as the White House presses on with seizing the opportunity provided by the shutdown to axe federal jobs and Democratic spending priorities. “I can’t believe the Radical Left Democrats gave me this unprecedented opportunity,” Trump writes this morning.He said he has a meeting today with Russell Vought, “of Project 2025 fame” who is now the head of the office for management and budget, “to determine which of the many Democrat Agencies, most of which are a political SCAM, he recommends to be cut, and whether or not those cuts will be temporary or permanent”.I have a meeting today with Russ Vought, he of PROJECT 2025 Fame, to determine which of the many Democrat Agencies, most of which are a political SCAM, he recommends to be cut, and wheth...

Politics

3 d. ago New Mexico Democrats rush to shore up safety net programs after federal cuts

New Mexico's Democratic lawmakers are vowing urgent action to shore up safety net spending in a top state for participation in Medicaid and federal food assistance

Politics

3 d. ago Trump says ‘no choice’ but to cut federal workers if government shuts down as midnight deadline looms – live

Democrats and Republicans exchange blame as Congress barrels toward deadline without a dealUS heads toward first government shutdown in nearly seven yearsThe US government is hurtling towards its first shutdown in six years, with no signs congressional leaders are near agreement on legislation to continue funding beyond the Tuesday night deadline to prevent workers from being furloughed and agencies from shutting their doors.Congress’s Republican majority is pushing legislation to fund the government through 21 November, but Democrats have refused to vote for it unless it includes a series of concessions centered on healthcare. Continue reading...

Politics

8 d. ago Wisconsin Planned Parenthood pauses abortions amid federal Medicaid funding cut

Planned Parenthood of Wisconsin says it will stop scheduling patients for abortions starting next week as it works to provide the service in the face of Medicaid funding cuts in President Donald Trump’s tax and spending bill

Politics

9 d. ago White House is begging hundreds of office managers fired by Elon Musk’s DOGE to come back to work

Multiple federal agencies are moving to reverse cuts made by the Department of Government Efficiency

Society

9 d. ago Top Federal Reserve official warns against series of rate cuts

Austan Goolsbee says weakening in jobs market does not signal looming recession

Events

9 d. ago Top Federal Reserve official warns against quick series of rate cuts

Austan Goolsbee says weakening in jobs market does not signal looming recession

Events

1 week ago Why Trump’s attacks on the Fed’s independence are so dangerous | Steven Greenhouse

The Federal Reserve cut interest rates this week. But the aggressive action Trump seeks could dramatically backfireDonald Trump has once again taken a wrecking ball to the rule of law and long-standing norms as he seeks to fire Lisa Cook, the Federal Reserve governor, and pursue his unprecedented assault on the central bank’s independence. Just as he failed to understand the huge problems his tariffs would create, Trump fails to understand the serious damage his attacks on the Federal Reserve could cause.In April, Trump launched repeated attacks on the Fed, threatening to fire its chairman, Jerome Powell, and demanding it slash interest rates. Trump called Powell “a stupid guy” and said “Powell’s termination cannot come fast enough!” Trump ultimately chickened out on firing Powell after financial markets tumbled at the prospect, but he hasn’t stopped pressing the Fed to chop its rates – suggesting they should be below 1% – to spur the slowing economy. Although Trump keeps denying it...

Politics

2 w. ago Will mortgage rates drop further after the Fed's rate cut? Not necessarily

The Federal Reserve just cut its benchmark rate for the first time since last year, but that doesn't guarantee mortgage rates will keep dropping

Politics

2 w. ago Federal Reserve cuts rates by quarter point and signals more to come

US central bank’s first reduction in borrowing costs this year comes amid growing worries about labour market weakness

Politics

2 w. ago Federal Reserve cuts US interest rates for first time since December

Central bank moves to set rates at range between 4 and 4.25% but decision unlikely to satisfy Donald TrumpThe US Federal Reserve cut interest rates on Wednesday, its first rate cut since December, as the central bank moved to stabilize a wobbling labor market even as Donald Trump’s tariffs continue to push up prices.Rates are now at a range of 4% to 4.25% – the lowest since November 2022. But the decision is unlikely to satisfy Trump, who has lambasted the Fed for acting “too late” and called for a far bigger cut. Continue reading...

Politics

2 w. ago Federal Reserve cuts interest rates for first time in nearly a year, from 4.25% to 4% – live updates

Quarter point reduction comes amid concern of political pressure on the independent central bank from the Trump administrationIn economic projections released after the Fed’s rate-cute decision, members of the Fed’s board submitted their economic predictions for the economy over the next few years.A slight majority of board members seem to expect another rate cut by the end of the year, while a majority see more rate cuts in 2026. Board members are predicting a slight increase in unemployment, though they seem to think that inflation will largely cool in 2026 and 2027. Continue reading...

Politics

2 w. ago Jerome Powell finally does it: Federal Reserve cuts interest rates a quarter of a percent

The rate cut comes as Trump stages an unprecedented assault on independence of the Federal Reserve

Politics

2 w. ago The Federal Reserve wrestles with how many interest rate cuts to make and how fast

With the Federal Reserve widely expected to reduce its key interest rate by a quarter-point to about 4.1%, economists and Wall Street investors will be looking Wednesday for signs of how deeply the Fed might cut rates in the next few months

Politics

2 w. ago Asian benchmarks are mixed after Wall Street edges down from record highs

Asian shares are trading mixed after U.S. stocks edged down from record highs and as market focus turned to expectations for the Federal Reserve’s first interest rate cut of the year

Politics

3 w. ago Judge allows Trump to cut more than $1bn in National Science Foundation grants

Court declined preliminary injunction in case brought by scientists seeking to halt purge of more than 1,600 grantsThe Trump administration can go ahead and purge more than 1,600 research grants issued by National Science Foundation (NSF) worth more than $1bn, after a judge declined to grant a preliminary injunction in a case brought by a coalition of organizations representing thousands of scientists.The NSF is the premier federal investor in basic and cutting-edge science and engineering, which until Trump’s second term enjoyed bipartisan support, with the agency’s independent review process revered globally as the gold standard. Continue reading...

Politics

3 w. ago Asian shares mostly rise, cheered by Wall Street rally to more records

Asian shares are mostly higher, echoing the record rally on Wall Street after the latest update on the job market bolstered hopes the U.S. Federal Reserve will cut interest rates

Politics

3 w. ago US housing agency rehires sacked Fannie and Freddie staff ahead of IPO

Almost a third of the mortgage giants’ workforce was cut as part of Trump’s purge of the federal government

Events