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CNN — A federal agency that focuses on fostering economic growth in developing countries is being effectively shut down as part of efforts by Elon Musk’s Department of Government Efficiency to reduce federal spending, sources told CNN. On Tuesday, the agency’s employees were notified via email that “there will soon be a significant reduction” in staff and programs – just a week after DOGE arrived at MCC, according to a source familiar with the matter. The source added that employees could be placed on administrative leave as soon as May 5. The workforce reduction plan is to eliminate all employees…
CNN — President Donald Trump said Wednesday that he could re-impose “reciprocal” tariffs on some countries in as soon as two or three weeks, a potentially significant re-escalation of the global trade war that has already raised fears of a US and global recession. “In the end, I think what’s going to happen is, we’re going to have a great deals, and by the way, if we don’t have a deal with a company or a country, we’re going to set the tariff,” Trump said in an Oval Office ceremony. “I’d say over the next couple of weeks, wouldn’t you…
CNN — President Donald Trump took aim at the college accreditation process with a new executive order Wednesday, his latest move to exact control over America’s higher education institutions. The order, first reported by the Wall Street Journal, targets the federal government’s process for deciding what colleges and universities can access billions of dollars in federal student loans and Pell grants – a significant source of indirect revenue for many of those institutions. The executive order asks the secretary of education to “hold higher education accreditors accountable including through denial, monitoring, suspension, or termination for poor performance or violations to…
Federal Reserve Chairman Jerome Powell said President Donald Trump’s tariffs are larger than expected, raising the risks of further inflation. A new report from the Federal Reserve showed that U.S. businesses are reporting increased costs due to tariffs, which they expect to largely pass on to consumers in the form of higher prices. The Federal Reserve on Wednesday released its latest edition of the Beige Book, which summarizes economic conditions in each of the Fed’s 12 regional districts and is published eight times a year. Uncertainty over international trade policy is “pervasive” and concerns over tariffs on imported goods, which President Donald…
NEWYou can now listen to Fox News articles! It was time for a change for Patrick Mahomes.Back in February, after years of sporting his signature curly Mohawk, Mahomes changed it up by shortening the top a ton, going with a simple cropped style with a fade on the side.Mahomes’ barber, DeJuan Bonds, said he thought “frustration” kicked in, but Mahomes said he had actually kept the look more so because of superstition.CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COM Kansas City Chiefs quarterback Patrick Mahomes attends the match between the KC Current and the Portland Thorns FC at CPKC Stadium. …
NEWYou can now listen to Fox News articles! Shedeur Sanders is one of the most hotly debated options in this year’s draft, but the former Colorado quarterback received scathing criticism from an anonymous coach in the NFL just days out from finding out his future.Sanders is one of the top quarterback options in the draft and has been linked to the New York Giants with the third overall pick, but one “longtime” NFL assistant coach has seemingly not bought in. As scouts look on, Colorado quarterback Shedeur Sanders takes part in passing drills during the team’s NFL football pro day Friday,…
NEWYou can now listen to Fox News articles! Shedeur Sanders is one of the most hotly debated options in this year’s draft, but the former Colorado quarterback received scathing criticism from an anonymous coach in the NFL just days out from finding out his future.Sanders is one of the top quarterback options in the draft and has been linked to the New York Giants with the third overall pick, but one “longtime” NFL assistant coach has seemingly not bought in. As scouts look on, Colorado quarterback Shedeur Sanders takes part in passing drills during the team’s NFL football pro day Friday,…
NEWYou can now listen to Fox News articles! John Goodman isn’t ready to say goodbye to one of his most iconic characters.In a recent interview with People, the 72-year-old actor shared how he is coping with “The Conners” coming to an end and saying goodbye to Dan Conner, a character he began playing nearly 40 years ago.”It’s really hard,” he told the outlet. “It’s something I’m going to miss for a while. I’m old and resistant to change.”Goodman first started playing Dan Conner in 1988 on the hit show “Roseanne,” which ran for nine seasons before it aired its final…
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CNN — The agency tasked with delivering billions of dollars in assistance to communities devastated by natural disasters is about to lose a huge portion of its workforce, including some of its most experienced and knowledgeable leaders who manage disaster response. With hurricane season just weeks away, about 20% of FEMA’s permanent full-time staff – roughly 1,000 workers – are expected to take a voluntary buyout as part of the latest staff reduction effort from Elon Musk’s Department of Government Efficiency, according to several sources briefed on the looming departures. FEMA leaders responsible for response plans, operations and disaster recovery…