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PBS Slashes Budget by 21% After Federal Funding Cuts

PBS Slashes Budget by 21% After Federal Funding Cuts

New York Times21 hours ago
PBS is cutting its current budget by more than a fifth to deal with Congress's recent decision to eliminate roughly $500 million in federal funding from public TV and radio, according to a memo from the organization's chief executive, Paula Kerger.
The decision, announced on Wednesday by Ms. Kerger in an email to PBS station managers, is one of the biggest consequences to date of the congressional vote, which eliminated federal funding and doomed the Corporation for Public Broadcasting.
The 21 percent cut was approved Wednesday by PBS's board, which also voted to reduce dues paid by local stations by $35 million. That means PBS will receive less revenue from its members, which are under pressure to make up for budget shortfalls of their own.
'We recognize that even with the dues reduction, adjusted payment schedule and efforts to raise funds for initial financial stabilization, we all face hard choices about the future,' Ms. Kerger said.
The public broadcasting system — PBS, NPR, and hundreds of local public TV and radio stations — has been staggered by the congressional vote to eliminate federal funding. With the last of the money scheduled to run out in October, station managers across the country are slashing budgets to stay in the black.
The cuts have also affected NPR, which is eliminating roughly $8 million of its overall budget as a result of the cuts. The organization's chief executive, Katherine Maher, told Texas Public Radio that those reductions were a 'first step' toward figuring out how to move forward without federal funding.
PBS is disproportionately affected by the loss of federal funding because it has historically relied on the Corporation for Public Broadcasting more than NPR has. The organization also received $23 million in federal funding from the Department of Education to support children's programming, which has also been eliminated.
It is not clear what the budget cuts mean for the day-to-day operations of PBS. The most beloved public TV shows, such as 'Sesame Street,' 'Daniel Tiger's Neighborhood' and 'PBS NewsHour,' are distributed by PBS but produced by third-party organizations. The Corporation for Public Broadcasting contributed funding for some shows, meaning that there are likely to be many funding gaps.
One likely impact will be staff reductions, said Alex Curley, a public media analyst who publishes a Substack newsletter focused on the topic.
'PBS hasn't gone through substantial layoffs since 2020, unlike NPR,' Mr. Curley said. 'It's hard to imagine they'll be able to avoid them with a budget reduction this large.'
While both PBS and NPR will survive the funding cuts, scores of stations across the United States are at risk of going dark. Many smaller radio and TV stations, particularly those that serve rural areas, received a large proportion of their annual budget from the Corporation for Public Broadcasting.
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People Are Sharing The Most Bingeable Shows On Hulu, And I'm Ready To Rot Away Watching All Of These
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People Are Sharing The Most Bingeable Shows On Hulu, And I'm Ready To Rot Away Watching All Of These

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Fed's Goolsbee: want more assurance on inflation to cut in Sept or autumn
Fed's Goolsbee: want more assurance on inflation to cut in Sept or autumn

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time7 minutes ago

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Fed's Goolsbee: want more assurance on inflation to cut in Sept or autumn

By Ann Saphir (Reuters) -Chicago Federal Reserve Bank President Austan Goolsbee on Friday left the door open to supporting an interest-rate cut in September should fresh data prove reassuring, but said recent reports showing a rise in services inflation give him some pause amid what he calls the "stagflationary" impulse from tariffs. "I feel like we still need another one at least to figure out if we're still on the golden path," Goolsbee told CNBC. "If we can assure ourselves or get a hint that for this meeting, or the meetings this fall, that we aren't on an inflationary spiral that looks to be persistent, I still think it makes sense given the strength of the economy to move rates more back to where we think they're going to settle." The U.S. central bank has kept its policy rate unchanged all year as it monitors the impact of the Trump administration's higher tariffs, which Fed policymakers expected would drive up inflation and unemployment and slow the economy. So far the data has not validated their worst fears. With the economy slowing, both economists and financial markets expect the Fed to begin cutting rates again next month. Still, there have been some concerning signs on inflation, along with mixed signs about whether still-strong consumer spending will continue. Data on Friday was a case in point U.S. retail sales increased 0.5% last month after an upwardly revised 0.9% in June, the Commerce Department reported,. This allayed some concerns that a drop in monthly job gains to just 35,000 on average over the last three months signaled a potential plunge in economic activity. Factory output was unchanged compared to June, a separate report showed, a touch better than forecast, but heavy truck output, which is seen as a forward proxy for demand for equipment to deliver goods, fell to the lowest since last October. Yet a different report Friday showed import prices increased 0.4% in July amid a strong rise in the cost of consumer goods. This was a potential warning sign for inflation that followed reports earlier this week that showed a jump in services prices helped push up producer prices in July, and kept consumer prices more elevated than otherwise. "That makes me a little uneasy because that's very unlikely to be caused by tariffs, so I'm hoping that was a blip," Goolsbee said of the producer price index and consumer price index reports. "Let's not overreact to one month of import price data for sure. Let's not overreact to one month of CPI or PPI inflation. But it's at least an area of concern," he said.

Trump-Putin meeting live updates: Leaders shake hands in Alaska as talks on Russia-Ukraine war begin
Trump-Putin meeting live updates: Leaders shake hands in Alaska as talks on Russia-Ukraine war begin

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Trump-Putin meeting live updates: Leaders shake hands in Alaska as talks on Russia-Ukraine war begin

The summit at Joint Base Elmendorf-Richardson in Anchorage is scheduled for 3 p.m. ET. President Trump and Russian President Vladimir Putin are scheduled to meet on Friday in Anchorage, Alaska, in a high-stakes summit to discuss Russia's war in Ukraine. Their sit-down at Joint Base Elmendorf-Richardson is scheduled for 3 p.m. ET, according to the White House. It is the first face-to-face meeting between Trump and Putin since 2019, and Putin's first with a U.S. president since his forces invaded Ukraine in 2022. The Russian leader has spoken on the phone with Trump since his reelection, but they have not yet met in person during the president's second term. Trump has been trying for months to secure a deal to end the war, but Ukrainian President Volodymyr Zelensky was not invited to Friday's summit, and expectations that a ceasefire agreement can be reached are low. 'This is really a feel-out meeting,' Trump told reporters earlier this week. 'Probably in the first two minutes I'll know exactly whether or not a deal can be made.' The president also promised 'very severe consequences' if Putin doesn't agree to end the three-and-a-half-year conflict, which has caused a staggering number of casualties on both sides. There were fresh attacks in the war overnight. Russia launched dozens of drone strikes across Ukraine, killing seven civilians and injuring 17 others, Ukrainian military officials said. Yahoo News is providing live updates surrounding the summit in the blog below. President Trump and Russian President Vladimir Putin emerged from their respective planes and proceeded down an L-shaped red carpet at Joint Base Elmendorf-Richardson in Anchorage, Alaska before meeting for a handshake. At 11:07 AM local time, Trump deplaned first from Air Force One. Putin followed seconds later. Trump waited for Putin to approach him for the handshake. The two exchanged words for several seconds before walking together toward reporters and posing for a side-by-side photo op. They then entered a government SUV to ride together today's summit. Russian President Vladimir Putin has landed in Anchorage, Alaska. Air Force One touched down about 30 minutes ago at Joint Base Elmendorf-Richardson, the military base in Anchorage where President Trump will meet with Putin this afternoon. Trump has been greeting Alaska lawmakers on board as he awaits Putin's arrival. As Air Force One lands in Anchorage, the White House has revealed that the president's meeting will no longer be a one-on-one between the two leaders, as reported all week, but rather a 'three-on-three.' Special Envoy Steve Witkoff and Secretary of State Marco Rubio will be in the room with Trump and Putin. It is unclear which Russian officials will join them. Witkoff has met with Putin five times this year; they have reportedly discussed broader issues such as land swaps and rare earth minerals. Rubio has long been considered more 'hawkish' on Russia. Trump has landed at Joint Base Elmendorf-Richardson, the military base in Anchorage, where he will meet with Putin this afternoon, the Associated Press reported. A room has been set up where Trump and Putin plan to hold a joint press conference after their private meeting. The plan is for the two leaders to meet, have lunch and then address the press together, White House press secretary Karoline Leavitt told Fox News on Thursday. There are two podiums on stage, and the backdrop says "Pursuing Peace," according to a photo shared by CNN reporter Kaitlan Collins. So far, the possibility of a ceasefire has been one of the biggest sticking points in efforts to end the war in Ukraine. European leaders, including Ukrainian President Volodymyr Zelensky, have repeatedly said that fighting must pause before negotiations begin. Russian President Vladimir Putin has rejected that position as his troops make advances on the battlefield. But President Trump now says he wants a ceasefire "today." 'I want to see a ceasefire, rapidly. I don't know if it's going to be today, but I'm not going to be happy if it's not today,' Trump told reporters aboard Air Force One. 'Everyone said it can't be today, but I'm just saying I want the killing to stop.' Earlier this week, President Trump agreed to "five principles" for today's talks with Vladimir Putin, according to German Chancellor Friedrich Merz and Ukrainian President Volodymyr Zelensky. But what are those five principles? Here's what Merz told reporters: Ukraine should be at the table for any future meeting with Putin. A ceasefire should be the first step, before any negotiations begin. Recognition of territories occupied by Russia is not on the table. Ukrainian forces should be free to defend the sovereignty of their country, with European support. The broader negotiations should be part of a "transatlantic-wide strategy ... based on supporting Ukraine and exerting pressure on Russia." European leaders (including Zelensky) will likely reject any agreement that emerges from Alaska if it doesn't adhere to these guidelines. Trump told Fox News host Bret Baier on Air Force One that if the conversation with Putin doesn't go well, he would immediately fly home. "I think it's going to work out very well, and if it doesn't, I'm going to head back home real fast," Trump said in a clip that was shared on Baier's Instagram. "If it doesn't, you walk?" Baier asked. "I would walk," Trump said. Baier's presummit interview with Trump will air on Fox News tonight at 6 p.m. ET. Fox News host Sean Hannity will interview Trump after the summit, around 9 p.m. ET. One major concern expressed by European leaders ahead of Trump's summit with Putin is that the Russian leader will tempt his American counterpart into favoring Moscow during possible peace negotiations by seeking to cut side deals with him. For instance, Putin is bringing a business delegation to Anchorage — a signal that American access to rare earths, critical minerals and other Russian assets will be on the table during talks there. "Clearly, Mr. Putin has studied how talk of commercial opportunities provokes Mr. Trump's developer instincts — and most likely are far more important, to Mr. Trump's mind, than the fate of parts of Ukraine," David Sanger of the New York Times wrote in an analysis published Friday. Putin has also mentioned a potential nuclear agreement to replace New START, the most recent arms accord between Washington and Moscow, which is set to expire in February. But while Trump said earlier this week that he would be considering other "incentives and disincentives," he seemed to rebuff Putin's overtures en route to Alaska this morning. "I notice he's bringing a lot of businesspeople from Russia, and that's good, I like that because they want to do business," the president told reporters. "But they're not doing business until we get the war settled." En route to Alaska, President Trump addressed Russia's recent attacks on Ukraine — including the launch of drone and missile strikes just hours before the summit. "He thinks it gives him strength in negotiating," Trump said, referring to Russian President Vladimir Putin, per CNN's Kaitlan Collins. "I think it hurts him. But I'll be talking to him about it later." Russia launched two ballistic missiles and dozens of drone strikes across Ukraine overnight, killing seven civilians and injuring 17 others, Ukrainian military officials said Friday. Ahead of the summit, Kirill Dmitriev, an economic adviser to Russian President Vladimir Putin, posted a video to his X account of a bear he said he spotted in Alaska. "Met a bear in Alaska before the US-Russia Summit," Dmitriev wrote, alongside a teddy bear emoji. "Hopefully a good sign." Americans are skeptical of President Trump's approach to the war in Ukraine, according to a new Pew Research Poll released Thursday. Ahead of today's meeting with Russian President Vladimir Putin, 59% of U.S. adults say they are not confident that Trump "can make wise decisions when it comes to the war." Forty percent express confidence in Trump on this issue. Americans are also more likely to say Trump is favoring Russia too much (33%) than to say he is favoring Ukraine too much (6%). Another (28%) say he is striking about the right balance. Since Trump returned to the Oval Office earlier this year, the number of Americans who say the U.S. is providing "too much" support to Ukraine has fallen from 30% to 18%, while the number who say the U.S. is not providing enough support has risen from 22% to 29%. President Trump has made no secret of his desire to win a Nobel Peace Prize — and as he heads to Alaska Friday to meet with Russian President Vladimir Putin, one of his bitterest rivals, former Secretary of State Hillary Clinton, has offered to help. "Honestly, if [Trump] could bring about the end to this terrible war," Clinton told the Raging Moderates podcast in an interview released Friday, "I'd nominate him for a Nobel Peace Prize." Trump's 2016 presidential election opponent did not dangle her offer without preconditions. According to Clinton, Trump would have to end the war "without putting Ukraine in a position where it had to concede its territory to the aggressor — had to, in a way, validate Putin's vision of greater Russia." Instead, Trump would have to "really stand up to Putin, to make it clear there must be a ceasefire." That's "something we haven't seen," she continued, "but maybe this is the opportunity." Expectations remain low for the sort of deal Clinton described. But Trump has continued to push for the Nobel Peace Prize in recent weeks, citing his work facilitating a ceasefire between India and Pakistan in May. Trump also reportedly called the finance minister of Norway last month to ask about his nomination, the Norwegian press reported. All told, Trump has posted about the prize seven times on his Truth Social site since his second term began, according to NBC News — six of them in June and July. The meeting between President Trump and Russian President Vladimir Putin at Joint Base Elmendorf-Richardson, in Anchorage, Alaska, is expected to last several hours. Just how many depends on which side you listen to. According to CNN, Putin's spokesman, Dmitri Peskov, told Russian state television that he expects the summit to last "at least six to seven hours." According to the official schedule from the White House, Trump is due to depart from Anchorage at 9:45 p.m. ET, roughly seven hours after the sit-down was scheduled to begin. Trump told reporters earlier this week that if the meeting "goes OK, we'll have a quick second one" with Putin and Ukrainian President Volodymyr Zelensky, perhaps even while they're in Alaska. "I would like to do it almost immediately,' Trump said. But Trump also said he'd know 'probably in the first two minutes" whether a peace deal can be made. Putin is set to land in Anchorage, Alaska, at 11 a.m. AKST (3 p.m. ET), his spokesman, Dmitri Peskov, told Russian state television, according to the New York Times. The White House previously said that Trump and Putin's meeting would begin at 3 p.m. ET, while the Kremlin said it would likely start 30 minutes after that. Hundreds of Ukraine supporters have been gathered in Anchorage, Alaska, since Thursday to protest the meeting scheduled to take place between President Trump and Russian President Vladimir Putin there on Friday, the Anchorage Daily News reported. The demonstrations have been organized by several progressive groups, including 50501, Stand Up Alaska, Alaska Forward and Alaska March On. The rally will continue throughout Friday. On his way to the summit, President Trump told reporters aboard Air Force One that his role in the meeting with Putin was not to do Ukraine's bidding. 'I'm not here to negotiate for Ukraine,' Trump said, according to CNN. The president said "maybe" when asked if the U.S. would put security guarantees for Ukraine on the table in Alaska. But Trump also made clear that there would be no discussion of Ukraine joining NATO. 'There are certain things that aren't going to happen,' he said. Ahead of the meeting between Trump and Putin, Ukrainian President Volodymyr Zelensky said he expects to receive an intelligence report on Russia's intentions for the meeting and that Ukraine is "ready, as always, to work as productively as possible" toward ending the war. "The key thing is that this meeting should open up a real path toward a just peace and a substantive discussion between leaders in a trilateral format — Ukraine, the United States, and the Russian side," Zelensky wrote on X Friday morning. "It is time to end the war, and the necessary steps must be taken by Russia. We are counting on America." "Indeed, high stakes," Zelensky added, likely a reference to Trump's Truth Social post from early Friday morning. En route to Alaska aboard Air Force One, President Trump announced that he had just spoken with Alexander Lukashenko, the president of Belarus and one of Putin's top allies. 'I had a wonderful talk with the highly respected President of Belarus, Aleksandr Lukashenko,' Trump wrote in a post on Truth Social. The president said the purpose of the call was "to thank him for the release of 16 prisoners" and to discuss "the release of 1,300 additional prisoners." "Our conversation was a very good one," Trump added. 'We discussed many topics, including President Putin's visit to Alaska. I look forward to meeting President Lukashenko in the future." Earlier, Trump posted a two-word message to Truth Social ahead of his sit-down with Putin: "HIGH STAKES!!!" It has been 10 years since Putin was in the United States. In September 2015, he visited New York City to meet with then-President Barack Obama at the United Nations General Assembly. In his address to the assembly, Putin emphasized his support for Syrian dictator Bashar al-Assad and condemned criticism of Russia's annexation of Crimea in February 2014. Obama's speech denounced Assad and criticized Putin over Russia's involvement in Syria and Ukraine. Before that, Putin had traveled to former President George W. Bush's family home in Kennebunkport, Maine, in 2007.

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