Lawmakers Narrowly Approve Funding Cuts to Public Broadcasting
The Senate has passed a bill to reduce federal funding for public broadcasting, including NPR and PBS, by $9 billion. This significant move, not seen in over three decades, awaits a final vote in the House of Representatives. If approved, it will mark a major victory for President Trump's drive to cut government spending.
Critics Raise Concerns
Critics argue that this decision could negatively impact Americans who depend on public broadcasting and harm the U.S.'s global standing. The initial proposal was slightly reduced after removing a $400 million cut to a successful global health program aimed at combating HIV and AIDS. Senator Lisa Murkowski highlighted the importance of public radio, especially during emergencies, as an example of what could be lost.
Trump Considers Removing Federal Reserve Chair
In other news, President Trump has hinted at the possibility of removing Federal Reserve Chair Jerome Powell, citing frustration over Powell's reluctance to lower interest rates. While the president has the authority to fire heads of independent agencies, the Federal Reserve's unique structure complicates this scenario. Legal experts suggest that any attempt to fire Powell could further undermine the Fed's independence.
UN Security Council Addresses Middle East Conflict
Meanwhile, the United Nations Security Council is convening to address the escalating conflict in the Middle East. Israel's recent airstrikes on Syria's capital have raised tensions, with Israel claiming its actions were to support a minority group in southern Syria. The interim Syrian president has accused Israel of trying to destabilize the region.
Wet Leg Releases New Album
On a lighter note, the indie-rock band Wet Leg is back with a new album, showcasing a softer side while maintaining their signature playful attitude. The band's rise to fame, marked by Grammy awards and international recognition, continues to captivate music enthusiasts.
Job Market Challenges for New Graduates
The job market remains challenging for new college graduates, with few job openings and a reluctance among employees to leave their current positions. Economists note that this trend is not uncommon for new graduates, making it one of the toughest job markets in years, excluding the pandemic period.
White House Commits to Fentanyl Grant Program
In other updates, the White House has committed to fully funding a national grant program for fentanyl overdose prevention, albeit in increments rather than a single annual payment. Additionally, Drake's new single has made a significant impact on the Billboard charts, despite a slow week for new music releases.