Spending

Leftist Media Outlet Vox Announces Mass Layoffs

Leftist media outlet Vox announced layoffs that will impact 7% of employees as other companies in the sector implement similar measures.

IRS Having Trouble Hiring People Who ‘Are Able to Pass Background Checks’ After Biden Admin Calls for 87,000 New Agents

Out of more than 565,000 job applications received until early October, the IRS only recruited around 19,000 workers.

Germany Blocks Tank Delivery in Ukraine

Germany moved back on its promise to deliver the Leopard 2 tank, refusing to share the parts that make the tank operational.

Trump to Ban China from Buying U.S. Farmland If Elected in 2024

Trump to block land ownership that puts our "national security at risk."

U.S. Treasury Buys Time for Biden and GOP on Debt Limit Deal

The U.S. government bumped up against its debt limit Thursday, prompting the Treasury Department to take “extraordinary” accounting steps to avoid default — as friction between President Joe Biden and House Republicans raised concern about whether the U.S. can sidestep an economic crisis.

Microsoft Announces Mass Layoffs

Microsoft announced on Wednesday it will eliminate 10,000 jobs worldwide, almost 5% of its workforce, and take a $1.2-billion charge as global growth is slowing down.

Davos Is So Predictable

These days, world leaders are meeting in Davos.

Arizona Democrat Gov. Katie Hobbs Proposes to Defund School Choice Program, Border Strike Force

If the reaction from Arizona Gov. Katie Hobbs’ first budget proposal is any indication, she and lawmakers are likely in for a long spring.

U.S. to Hit $31.4 Trillion Debt Ceiling Next Week, Biden Admin Warns While Pushing Congress to ‘Act Promptly’ to Increase or Suspend Limit

On Friday, Treasury Secretary Janet Yellen wrote a letter to congressional leaders warning that the U.S. would hit its debt limit on January 19 and encouraged Congress to "act promptly to protect the full faith and credit of the United States," CNBC reported.

Republican House Ends Funding for ‘Army of 87,000 IRS Agents’

Repealing IRS funding in the Inflation Reduction Act saved $70 billion.

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