Cut
IMF urges US to curb deficit as Trump tax cut plan stirs debt fears Financial Times Source link
A trader works on the floor of the New York Stock Exchange at the opening bell on May 19, 2025. Timothy A. Clary | Afp | Getty Images U.S. Treasury yields slipped early Tuesday after the U.S. Federal Reserve signaled just one rate cut in 2025. The 30-year Treasury yield slipped almost 3 basis points […]
Walmart (WMT) joins rocker Bruce Springsteen and pop music icon Taylor Swift as getting a
The US will cut the “de minimis” tariff for low-value shipments from China to as low as 30%, according to a White House executive order and industry experts, further de-escalating a potentially damaging trade war between the world’s two largest economies. The order published late on Monday offers some relief to big Chinese e-commerce players […]
Pentagon chief says cuts will maximise ‘strategic’ and ‘operational readiness’. United States Secretary of Defense Pete Hegseth has announced steep cuts in the number of top-ranked officers in his latest move to streamline the world’s most powerful military. In a memo on Monday, Hegseth ordered a 20 percent reduction in the number of four-star generals […]
Cuts will reportedly take place over several years and be accomplished through reduced hiring as opposed to layoffs. United States President Donald Trump’s administration is planning significant personnel cuts at the Central Intelligence Agency (CIA) and other major US spy units, according to The Washington Post, in a move seen as part of his bid […]
Lucy Gilder, Jake Horton and the Data Science team BBC Verify BBC Elon Musk’s Department of Government Efficiency (Doge) – set up to cut US government spending – claims to have saved, on average, more than $10bn a week since President Trump entered office. “We’re talking about almost $200bn and rising fast,” Trump told the […]
Trump live news: WTO warns US tariffs could cut world trade by 1.5 percent Al Jazeera Source link
Trucks line up at the container terminal in the Longtan Port area of Nanjing Port, Jiangsu province, China on the evening of April 8, 2025. Cfoto | Future Publishing | Getty Images BEIJING — Citi on Tuesday became one of the first investment firms to lower its China growth forecast on escalating trade tensions with […]
Pentagon reportedly looking to cut civilian workforce by at least 50,000 The Pentagon is reported to be hoping to reduce its civilian workforce by about 50,000 to 60,000 people, chiefly through voluntary means, it has been reported. ABC News quotes one senior defense official saying: “The number sounds high, but I would focus on the […]