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Tag: business

(L) Elon Musk shows off a shirt that says "DOGE" as he walks on the South Lawn of the white House after stepping off Marine One upon arrival to the White House in Washington, DC on March 9, 2025. (Photo by Oliver Contreras / AFP) (Photo by OLIVER CONTRERAS/AFP via Getty Images) / (Background) QUITO, ECUADOR - JULY 31: U.S. Homeland Security Secretary Kristi Noem speaks during a press briefing with Ecuador's Minister of Interior John Reinberg at the Ecuadorian Presidential Palace on July 31, 2025 in Quito, Ecuador. Noem is on a multi-day visit to Argentina, Chile, and Paraguay. (Photo by Alex Brandon-Pool/Getty Images)

Noem to cancel thousands of FEMA contracts after DOGE finds billions in ‘waste, fraud and unnecessary spending’

Homeland Security Secretary Kristi Noem is moving to cancel thousands of FEMA contracts after a review by the Department of Government Efficiency (DOGE) reportedly uncovered billions in waste, fraud, and unnecessary spending.

Read More Noem to cancel thousands of FEMA contracts after DOGE finds billions in ‘waste, fraud and unnecessary spending’
CHICAGO, ILLINOIS - JANUARY 17: The skyline of Chicago is seen on January 17, 2024 in Chicago, Illinois. View is from the south of the city looking north. (Photo by Win McNamee/Getty Images)

Trump admin. planning to deploy over 200 DHS agents to Chicago in upcoming immigration raids

The Trump administration is reportedly preparing to deploy more than 200 Homeland Security agents to Chicago for a large-scale immigration sweep, with the U.S. Naval Station Great Lakes serving as a central immigration hub.

Read More Trump admin. planning to deploy over 200 DHS agents to Chicago in upcoming immigration raids
TOPSHOT - Tributes are placed beneath the covered seal of the US Agency for International Development (USAID) at their headquarters in Washington, DC, on February 7, 2025. US President Donald Trump on February 7, 2025 called for USAID to be shuttered, escalating his unprecedented campaign to dismantle the humanitarian agency. (Photo by Mandel NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)

Trump to cancel nearly $5B in foreign aid through rarely used ‘Pocket rescission’

President Donald Trump is reportedly planning to scrap approximately $4.9 billion in previously approved foreign aid using a little-known maneuver called “pocket rescission,” a move that has drawn praise from his “America First” supporters.

Read More Trump to cancel nearly $5B in foreign aid through rarely used ‘Pocket rescission’
WASHINGTON, DC - JULY 23: House Minority Leader Hakeem Jeffries (D-NY) speaks as Senate Majority Leader Chuck Schumer (D-NY) looks on at a news conference at the Democratic Senatorial Campaign Committee on Capitol Hill on July 23, 2024 in Washington, DC. The Democratic leaders endorsed Vice President Kamala Harris as their party's presidential nominee, after President Joe Biden announced that he would be dropping out earlier this week.(Photo by Kent Nishimura/Getty Images)

Schumer and Jeffries write a letter to GOP leadership, vow to vote against the imminent CR without bipartisan input

Senate Minority Leader Chuck Schumer and House Minority Leader Hakeem Jeffries have sent a letter to GOP leaders, proposing an urgent meeting to negotiate a government funding agreement to prevent a shutdown by the end of September.

Read More Schumer and Jeffries write a letter to GOP leadership, vow to vote against the imminent CR without bipartisan input
A pump jack operates near a crude oil reserve in the Permian Basin oil field near Midland, Texas, U.S. February 18, 2025. REUTERS/Eli Hartman/File Photo

US oil production hit record high in June, EIA says

U.S. crude oil production hit a record high in June, rising 133,000 barrels per day to 13.58 million bpd.

Read More US oil production hit record high in June, EIA says
(Background) The logo of the US Food and Drug Administration (FDA) is seen on a sign outside the agency's White Oak campus in Silver Spring, Maryland, on July 17, 2025. (Photo by Issam AHMED / AFP) (Photo by ISSAM AHMED/AFP via Getty Images) / (R) MIAMI, FLORIDA - MAY 29: In this photo illustration, Ruth Jones, Immunization Nurse, holds a Pfizer-BioNTech COVID-19 vaccine (brand name: Comirnaty) at Borinquen Health Care Center on May 29, 2025 in Miami, Florida. Health Secretary Robert F. Kennedy Jr. announced that he will no longer recommend that healthy children and pregnant people get COVID-19 shots. (Photo illustration by Joe Raedle/Getty Images)

FDA authorizes ‘updated’ COVID-19 vaccines, with restrictions for certain groups

U.S. regulators on Wednesday approved “updated” COVID-19 vaccines, but significantly narrowed their use for many Americans, while removing one of the two options available for young children.

Read More FDA authorizes ‘updated’ COVID-19 vaccines, with restrictions for certain groups

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A photo taken 08 October 2004 in Oslo shows the Nobel Peace Prize medal. (Photo by Gunnar Lier / NTB / AFP) (Photo by GUNNAR LIER/NTB/AFP via Getty Images)
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