President Donald Trump signed an executive order Thursday establishing a government reserve of bitcoin, a key marker in the cryptocurrency’s journey towards possible mainstream acceptance. Under Trump’s new order, the U.S. government will retain the estimated 200,000 bitcoin it’s already seized in criminal and civil proceedings, according to Trump’s “crypto… Read More
President Donald Trump postpones tariffs on goods from Mexico
President Donald Trump said Thursday that he has postponed 25% tariffs on most goods from Mexico for a month after a conversation with that country’s president. Trump’s announcement comes after his Commerce Secretary, Howard Lutnick, said tariffs on both Canada and Mexico would “likely” be delayed. This is the second… Read More
Reports: IRS to slash its workforce by as much as half
The IRS is drafting plans to cut its workforce by as much as half through a mix of layoffs, attrition and incentivized buyouts, according to two people familiar with the situation. The people spoke Tuesday on condition of anonymity because they weren’t authorized to disclose the plans. The layoffs are… Read More
DOGE to sell 80 million in federal office space
The Trump administration unveiled plans Tuesday to sell or close more than 400 federal properties across the country, potentially including buildings like the FBI headquarters and the Department of Justice’s main building, as part of its aggressive government efficiency initiative. The General Services Administration (GSA) published a list of 443… Read More
Zelensky reaches out to President Donald Trump after meeting
Ukrainian President Volodymyr Zelensky reached out to President Donald Trump on Tuesday, seeking to repair diplomatic damage after their contentious White House meeting led to a total suspension of U.S. military aid to Ukraine. “Our meeting in Washington, at the White House on Friday, did not go the way it… Read More
Trump fires off trade tariffs; Canada, Mexico retaliate
President Donald Trump’s sweeping tariffs on major U.S. trading partners have sparked retaliation, sending global markets downward and raising concerns about economic impacts on global consumers. The new duties, which took effect Tuesday, March 4, impose 25% tariffs on goods from Canada and Mexico and double existing tariffs on Chinese… Read More
Kroger CEO resigns amid investigation into personal conduct
Kroger Chairman and CEO Rodney McMullen has resigned after an internal investigation into his personal conduct. Kroger, the nation’s largest grocery chain, said Monday that the investigation into McMullen’s personal conduct was unrelated to the business, but was found to be inconsistent with its business ethics policy. Board member Ronald… Read More
GOP Congressman proposes new $250 bill featuring Donald Trump
South Carolina Republican Joe Wilson says he plans to put forward a proposal for the development of a $250 bill. The face of the bill? President Donald Trump. “Grateful to announce that I am drafting legislation to direct the Bureau of Engraving and Printing to design a $250 bill featuring… Read More
Huge DOGE bombshell erupts in White House
President Donald Trump signed a major executive order Wednesday that significantly expanded the Department of Government Efficiency’s powers — a major bombshell in the Trump administration’s rapid attempt to bring the federal spending deficit under control. DOGE now requires agencies to justify payments and travel expenses from federal employees, while… Read More
Hard Truth: DOGE simply not enough, cuts must be deep
Despite high-profile efforts by President Donald Trump’s administration to slash government waste, federal spending during Trump’s first month back in office increased compared to the same period last year, according to a Reuters analysis of Treasury Department data. The Department of Government Efficiency (DOGE) has it’s work cut out for… Read More
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