Powell Warns: High Inflation to Delay Rate Cuts
Federal Reserve Chair Jerome Powell delivers sobering testimony, indicating prolonged high interest rates as inflation proves more persistent than anticipated, sending ripples through global markets.
Category : Search result: federal funding cut
Court Upholds Trump's Firing of Fed Governor Lisa Cook
A US appeals court has dismissed Lisa Cook's lawsuit against Donald Trump, ruling the former president had absolute immunity when he fired her from the Federal Reserve Board in 2025. The landmark decision raises serious questions about presidential power
ICE Agent Shot in Critical Condition in Chicago
A US Immigration and Customs Enforcement agent is in critical condition after a targeted shooting in Chicago's West Side. Federal authorities are investigating the brazen daylight attack.
New Jersey Ambulance Services Face Catastrophic Defunding
A New Jersey town faces a public health emergency as its council votes to withdraw funding from life-saving ambulance services, leaving residents without guaranteed emergency medical response from January 1st.
Trump Demands California Repay National Guard Funds
Former President Donald Trump has called on California to reimburse the federal government for deploying the National Guard to San Francisco and other cities to combat rampant retail crime and drug issues, criticising the state's liberal policies.
Trump admin axes funding for NC project with Ukrainian manager
The Trump administration has moved to cut vital federal funding for a North Carolina housing initiative after it emerged the project's manager, Iryna Zarutska, is a Ukrainian national, sparking a major political row over aid allocation.
Asian Markets Dive Following Fed's Hawkish Stance
Major Asian stock markets, including Tokyo's Nikkei and Hong Kong's Hang Seng, plunged sharply after US Federal Reserve signals dashed hopes for imminent interest rate cuts, mirroring a significant sell-off on Wall Street.
Federal Agents Raid Chicago Suburb in Major Operation
The Chicago suburb of Evanston was the scene of a significant federal law enforcement operation on Monday, with agents from multiple agencies executing a search warrant at a residential property. The nature of the investigation remains undisclosed as auth
Northwestern University President Resigns Over Trump Funding Cuts
Northwestern University's president steps down following severe federal funding cuts imposed by the Trump administration, triggering academic turmoil and research programme suspensions.
Judge Rejects Trump's Bid to Cut Harvard Funding
A US federal judge has rejected Donald Trump's attempt to cut federal funding for Harvard, MIT, and Penn, dismissing his claims that the universities failed to protect Jewish students as a 'thinly veiled' attack on free speech.
Trump Administration Cuts Harvard Funding in Political Strike
The Trump administration has moved to sever federal funding to Harvard University, citing concerns over free speech, foreign influence, and institutional bias. This decision sends shockwaves through the academic world and raises questions about the politi
Trump Vows to Defund NPR and PBS if Re-Elected
Former President Donald Trump has pledged to strip federal funding from public broadcasters NPR and PBS if he wins a second term, reigniting his longstanding battle with perceived media bias.
US Congress faces shutdown crisis over Trump border demands
US lawmakers face a critical deadline to avert a government shutdown, with former President Trump pressuring Republicans to halt funding unless border wall demands are met. Key political standoffs and economic implications analysed.
Trump's Plan to Strip Protections from US Federal Workforce
Exclusive: The Trump administration is advancing a sweeping plan to strip job protections from thousands of federal employees, potentially reshaping the US government's structure and igniting a fierce political battle over the future of the American civil
Trump's Alleged Plan to Axe FEMA Revealed in New Book
Exclusive: Former President Donald Trump allegedly pressured South Dakota Governor Kristi Noem to defund FEMA, the critical federal disaster response agency, during his 2024 campaign, according to a bombshell new book.
Trump Sued by Fed's Lisa Cook Over Discrimination Claims
Former President Donald Trump is being sued by Federal Reserve Governor Lisa Cook, who alleges a campaign of racial and gender-based discrimination derailed her initial confirmation. The landmark case exposes deep tensions within the US financial oversigh
Fed Governor Lisa Cook Sues Trump Over Dismissal
US Federal Reserve Governor Lisa Cook launches landmark lawsuit against former President Donald Trump, alleging unlawful termination and constitutional violations in a dramatic political clash.
Trump Admin Kills California High-Speed Rail Funding
The Trump administration has formally terminated its funding agreement for California's ambitious high-speed rail project, demanding the return of $3.5 billion in federal grants and dealing a potentially fatal blow to the long-delayed infrastructure progr
Who is Lisa Cook? The Economist Reshaping US Policy
An in-depth look at the life and career of Dr Lisa Cook, the pioneering economist making history at the Federal Reserve. Discover her journey from academic excellence to shaping global economic policy.
Trump pledges federal crackdown on crime in Democrat cities
In a fiery campaign speech, Donald Trump pledges to send federal forces into Democrat-run cities like Chicago and Detroit to combat soaring crime rates, labelling them 'cesspools of violence'.
Trump targets sanctuary cities with federal funding cuts
The Trump administration has declared war on sanctuary cities, threatening to strip billions in federal funds from jurisdictions that limit cooperation with ICE. Major metro areas like New York and Chicago vow to fight the controversial policy in court.
Trump Threatens University Funding Over Campus Protests
The Trump administration threatens to slash federal funding from US universities that fail to curb anti-government protests, sparking a fierce debate over free speech and academic independence.
Fed Holds Rates, Signals Just One Cut in 2024
Federal Reserve Chair Jerome Powell holds interest rates at a 23-year high, projecting a more cautious single cut in 2024 as US inflation proves persistent. Markets react to the hawkish stance.
Trump-Appointed Fed Governor Lisa Cook Resigns
Federal Reserve Governor Lisa Cook, a historic appointee, announces her resignation effective July 15th. Her departure follows a contentious tenure marked by political attacks from Trump allies and unsubstantiated fraud allegations.
Trump Administration Cuts UCLA Federal Grants
The Trump administration has slashed federal research funding to UCLA, sparking outrage among academics and students. Learn how this decision impacts critical research projects and higher education.
Sesame Street funding threatened by Trump budget cuts
Iconic children's show Sesame Street and public broadcasting giants NPR and PBS could lose federal funding under proposed budget cuts by the Trump administration, sparking outrage and nostalgia.
Trump targets Columbia University funding over protests
Former US President Donald Trump has called for Columbia University to be stripped of federal funding following pro-Palestinian protests, sparking debate over free speech and institutional accountability.
Trump targets Native American college funding in controversial plan
Former President Donald Trump proposes drastic cuts to federal funding for Native American colleges and universities, raising concerns over educational equity and tribal sovereignty.
Trump's MAGA funding sparks Fed clash and protests
Donald Trump's latest push for MAGA-related funding has ignited debates as tensions rise with the Federal Reserve and Jerome Powell. Protests unfold as political divisions deepen.
Trump Admin Mismanages Disaster Prevention Grants
The Trump administration faces criticism after reports reveal significant mismanagement of federal disaster prevention grants, leaving vulnerable communities at risk.
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