The US Education Department announced Tuesday that it is cutting nearly 50% of its workforce, as President Donald Trump has proposed eliminating the agency altogether. Hundreds will be laid off ...

Current political and economic issues succinctly explained. Welcome to the Daily News Brief, CFR’s flagship morning newsletter summarizing the top global news and analysis of the day. Subscribe ...

Vice President JD Vance told House Republicans on Tuesday that the administration would put forward a rescissions package to codify spending cuts as part of his attempt to convince GOP holdouts to ...

At two points in his autobiography, "My Early Life," Winston Churchill pauses to reflect on political parties: "It is not the slightest use defending government or parties unless you defend the ...

Three departments at the US space agency will be terminated, including that of chief scientist, in a drive by the Trump administration to cut costs. The closures will affect 23 employees in the ...

The billionaire entrepreneur, who is advising President Donald Trump, suggested that $500 billion to $700 billion in waste needed to be cut. “Most of the federal spending is entitlements ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Société Générale’s chief executive has said “nothing is sacred” as he pledges to take an axe to ...

“It hurts,” she said. “It was a stab in the back.” Since Inauguration Day, more than 200 employees at FEMA have been cut — just 1% of the roughly 20,000 employees in the agency ...

Tax cuts since 2000, coupled with increased spending, have been major debt drivers. Lawmakers should aim to raise revenue, considering more efficient means like a value-added tax, while maintaining ...

Meanwhile, the lawsuit alleged potential "chaos" nationwide due to these job cuts, and that under the law, cabinet agencies must follow protocols when conducting "Reductions in Force" (RIFs ...

The Department of Veterans Affairs is planning to cut 83,000 jobs, slashing employment by over 17% at the federal agency that provides health care for millions of veterans, according to an ...