Trump administration takes major step toward dismantling Education Department
Six new agreements signed by the Education Department will effectively move billions of dollars in grant programs to other agencies.
Associated Press
Articles
Sharp disagreements over economy threaten Federal Reserve interest rate cut
The differences have been exacerbated by the government shutdown’s interruption of economic data, a particular challenge for a Fed that Chair Jerome Powell has often described as “data dependent.”
Judge formally approves Purdue Pharma opioid settlement, with Sacklers paying up to $7B
Thousands of victims of the opioid epidemic could be paid thousands of dollars each, with a portion of the money distributed next year to some people who had OxyContin prescriptions and their survivors.
Cloudflare outage impacts thousands, disrupts transit systems, ChatGPT, X and more
Cloudflare works behind the scenes to make the internet faster and safer, but when problems flare up it can result in “massive digital gridlock” for internet users.
EPA moves to limit scope of clean water law to reduce amount of wetlands it covers
Environmentalists slammed the proposal as a giveaway to industry by President Donald Trump.
Sinclair takes 8% stake in EW Scripps as broadcaster eyes potential acquisition
Scripps acknowledged Sinclair’s new stake and maintained its board would “continue to evaluate any transactions” in the best interest of shareholders.
Foreign enrollment at US colleges holds steady overall
Some universities are seeing backslides that have punched big holes in tuition revenue, but overall the falloff is less severe than some industry groups had forecast.
FAA lifts order slashing flights, allowing commercial airlines to resume regular schedules
Data from aviation analytics firm Cirium showed that fewer than 1% of all flights were canceled over the weekend.
Brazilian coffee, beef and tropical fruit will still be tariffed 40%, says Brazil’s vice president
Although President Trump removed one layer of tariffs last week, a 40% tariff remains in place, according to Brazilian Vice President Geraldo Alckmin.
Trump scraps tariffs on beef, coffee, tropical fruit in a push to lower grocery store prices
Trump has built his second term in part around imposing steep levies on goods imported into the U.S. in hopes of encouraging domestic production and lifting the U.S. economy.
Anthropic warns of AI-driven hacking campaign linked to China
A team of researchers has uncovered what they say is the first reported use of artificial intelligence to direct a hacking campaign in a largely automated fashion.
IRS boosts contribution limits for 401(k) retirement plan savers
The changes, among others announced by the IRS, make it easier for retirement savers to set aside more of their income toward building their nest egg.
NCAA agrees to pay volunteer coaches $303M under proposed settlement
The class-action lawsuit would affect more than 7,700 men and women who worked as volunteer coaches in sports other than baseball, according to a motion for preliminary approval filed this week.
U.S. Mint presses final pennies as production ends after more than 230 years
Billions of pennies are still in circulation and will remain legal tender, but new ones will no longer be made.
President Trump signs government funding bill, ending shutdown after record 43-day disruption
House lawmakers made their long-awaited return to the nation’s capital this week after nearly eight weeks away. Republicans used their slight majority to get the bill over the finish line with a mostly party-line vote of 222-209.
With their government contracts in limbo, small businesses await historic shutdown’s end
Small business owners with government contracts say the shutdown has caused payment delays and the cancellation of some projects, and they will be working to make up for lost time and money, if the government reopens.
House returns for vote to end the government shutdown after nearly 2 months away
The prospect of travel delays due to the shutdown could complicate the vote. Still, Speaker Mike Johnson said the GOP was “very optimistic” about the outcome.
White House’s 50-year mortgage proposal has one notable benefit, but some drawbacks
The White House says it is considering backing a 50-year mortgage to help alleviate the home affordability crisis in the country. But the announcement drew immediate criticism.
Bob Ross paintings sell for more than $600K to help public TV stations
The three paintings, all painted in Indiana, were the first of 30 Ross works being sold to benefit public TV stations hurt by cuts in federal funding.
Air travelers face frustration as FAA increases flight cuts during the government shutdown
The FAA also expanded its flight restrictions Monday, barring business jets and many private flights from using a dozen airports already under commercial flight limits.