Latest news with #spendingCuts
Yahoo
01-08-2025
- Business
- Yahoo
Corporation for Public Broadcasting to shutter after Trump cuts
(Bloomberg) — The Corporation for Public Broadcasting said that it will begin to wind down operations after President Donald Trump signed a package of spending cuts that ended its federal funding. The World's Data Center Capital Has Residents Surrounded An Abandoned Art-Deco Landmark in Buffalo Awaits Revival We Should All Be Biking Along the Beach Budapest's Most Historic Site Gets a Controversial Rebuild San Francisco in Talks With Vanderbilt for Downtown Campus 'Despite the extraordinary efforts of millions of Americans who called, wrote, and petitioned Congress to preserve federal funding for CPB, we now face the difficult reality of closing our operations,' CPB President and CEO Patricia Harrison said in a statement Friday. 'CPB remains committed to fulfilling its fiduciary responsibilities and supporting our partners through this transition with transparency and care.' CPB said that it informed its employees that the majority of staff positions will end with the close of the fiscal year on Sept. 30, 2025. Last month, Congress clawed back $535 million in already approved annual spending on CPB though 2027. The cuts were part of a $9 billion package of so-called rescissions inspired by Elon Musk's Department of Government Efficiency. (Updates with additional details) How Podcast-Obsessed Tech Investors Made a New Media Industry Russia Builds a New Web Around Kremlin's Handpicked Super App Everyone Loves to Hate Wind Power. Scotland Found a Way to Make It Pay Off It's Not Just Tokyo and Kyoto: Tourists Descend on Rural Japan Cage-Free Eggs Are Booming in the US, Despite Cost and Trump's Efforts ©2025 Bloomberg L.P.
Bloomberg
01-08-2025
- Business
- Bloomberg
Corporation For Public Broadcasting to Shutter After Trump Cuts
By Updated on Save The Corporation for Public Broadcasting said that it will begin to wind down operations after President Donald Trump signed a package of spending cuts that ended its federal funding. 'Despite the extraordinary efforts of millions of Americans who called, wrote, and petitioned Congress to preserve federal funding for CPB, we now face the difficult reality of closing our operations,' CPB President and CEO Patricia Harrison said in a statement Friday.
Bloomberg
06-07-2025
- Business
- Bloomberg
Starmer Seeks to Hold Line on Spending After Defeat on Welfare
The UK government talked down hopes that the two-child cap on parental benefits might be scrapped, as Prime Minister Keir Starmer seeks to hold the line on spending after failing to push through separate controversial welfare cuts. Education Secretary Bridget Phillipson said Labour's decision to water down its disability benefits bill in the face of a significant rebellion from its own members of Parliament had 'come at a cost.' The failure effectively means that £5 billion ($6.8 billion) in planned savings will no longer be made.
Washington Post
01-07-2025
- Politics
- Washington Post
An exclusive look at the days that changed the 2024 campaign — and politics
Good morning, Early Birds. Happy July! Send tips to earlytips@ Thanks for waking up with us. In today's edition … What happened in Butler … Trump heads to 'Alligator Alcatraz' … but first … It's judgment day in the Senate. Republicans are hoping to have a final vote soon on the One Big Beautiful Bill Act, their signature tax and spending cuts legislation. But it's still unclear if they have the votes.
Reuters
26-06-2025
- Business
- Reuters
French PM Bayrou says he will introduce legislation on pensions following talks
PARIS, June 26 (Reuters) - French Prime Minister Francois Bayrou said on Thursday he would submit legislation on pensions in the autumn to take into account agreements made in talks between unions and employers during months of talks. Bayrou is struggling to overcome political divisions as he prepares to present plans next month for 40 billion euros ($46.79 billion) in spending cuts for the 2026 budget, and faces a possible no-confidence vote over pensions. ($1 = 0.8549 euros)
