Trump closes down federal worker buyout offer after judge lifts hold
Unions representing more than 800,000 federal workers had filed a lawsuit to stop the program, calling it an “arbitrary, unlawful, short-fused ultimatum.”
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UPDATE: Crafts and fabric retailer Joann closing 533 stores nationwide
The retailer’s closure list includes 20 stores in Indiana, including a pair of local stores.
Inflation rose in January as prices for groceries, housing picked up
Wednesday’s data could strengthen the case for the Federal Reserve to remain in an extended pause mode while the economy is strong and inflation remains elevated.
Trump OKs $782M loan to Indianapolis company’s sustainable jet fuel subsidiary
Montana Renewables is a subsidiary of Indianapolis-based Calumet Specialty Products Partners LP. Calumet launched Montana Renewables in 2021 with the goal of becoming one of the top renewable diesel producers in North America.
Trump executive order vows substantial cuts to federal workforce
The executive order gives billionaire Elon Musk’s DOGE, tasked with finding government inefficiencies, even more power than it has amassed in the first three weeks of the new administration.
Chinese tariffs to take effect, ratcheting up trade war with U.S.
While the leaders of Canada and Mexico managed to strike political deals to delay the implementation of the tariffs Trump had slapped on their products, China has not struck such a deal.
NIH cuts billions of dollars in biomedical funding, effective immediately
The National Institutes of Health said the change would save more than $4 billion a year, effective immediately.
Judge to hear federal worker lawsuit, with buyout offer set to expire tonight
More than 40,000 people had accepted the offer as of Wednesday evening, a person familiar with the matter said.
Store closings may accelerate as retailers face problems far beyond tariffs
Brick-and-mortar retail had a tough year last year, and it’s only going to get harder in 2025, experts say.
Federal layoffs ‘likely’ if too few employees choose to quit, memo says
Heads of federal agencies are under increasing pressure from the Trump administration to slash the size of their staff after early indications of the deferred resignation program show officials still short of realizing their goal of 2% to 5% reduction.
Rubio unveils plan to review, potentially abolish U.S. foreign aid agency
Secretary of State Marco Rubio is moving swiftly against an agency that has emerged as a chief target in President Donald Trump’s drive to reshape the federal government.
Trump’s workforce crackdown could encourage private-sector employers
More companies are expected to join the movement this year as they raise performance expectations and mandate workers return to the office full time, work experts say.
FDA approves non-opioid painkiller Journavx
The painkiller is the first novel pain drug to win government authorization in more than 20 years.
Trump White House reverses course, rescinds freeze on federal grants
The Trump administration withdrew the order a day after a federal judge in Washington temporarily halted its implementation until Feb. 3.
NCAA moves men’s basketball title game to earlier time
Gone is the 9:20 p.m. tipoff time that challenged all but the biggest fans to remain awake for “One Shining Moment.”
Union membership continued to fall in 2024, hitting new low
The decrease in the union membership rate happened in part because a solid labor market added 2.2 million jobs in 2024, with nonunion positions growing at a faster pace than union ones.
Sweeping review looks at effect of weight-loss drugs on 175 conditions
The research is the first to attempt to comprehensively investigate the impact—both good and bad—of the GLP-1 weight-loss drugs on the human body.
Trump’s first orders could include border, oil drilling, DEI policies
President-elect Donald Trump is expected to sign “dozens and dozens” of orders that will launch some 200 executive actions after being sworn in Monday.
Trump adviser says president-elect exploring options to ‘preserve’ TikTok
While the Supreme Court is still expected to issue a ruling or order on the case this week, its continued silence has amped up the tension in years-long drama over the fate of TikTok.
Cleveland-Cliffs CEO says he wants to buy U.S. Steel if Nippon deal fails
Comments by Cleveland-Cliffs chief executive Lourenco Goncalves came after the Biden administration over the weekend extended the deadline for Nippon to abandon its $14.9 billion bid for U.S. Steel to June.