The head of the Federal Reserve, Jay Powell, recently spoke to university students about the importance of protecting democracy. He highlighted that American universities are a key strength of the country, leading in innovation and economic growth. These institutions are admired worldwide and are vi
Jerome Powell, the current head of the Federal Reserve, had an unusual start to his career. He didn't always see himself in the world of economics. In fact, he once thought it was dull and pointless. This is what he shared with graduates of Princeton University. Powell graduated from Princeton with
The House has passed a budget bill that could significantly impact states offering health coverage to immigrants without legal status. This bill, dubbed "One Big Beautiful Bill, " aims to reduce federal Medicaid funding for these states. The affected states, mostly led by Democrats, provide healthca
The topic of tariffs has stirred up quite the debate. A court case in Florida recently made waves by suggesting that the president has the power to impose tariffs on his own. This isn't just any president, but Donald Trump, who has been quite active in this area. The case in question was brought by
A large consulting firm, Booz Allen Hamilton, is feeling the heat from President Trump's spending cuts. The company has announced it will be letting go of about 2, 500 employees. This news comes after the firm revealed that its profits for the year would be lower than expected. The cuts are part of
The Trump administration's plan to cut jobs across many federal agencies has hit a major snag. A judge has stepped in and said the president can't just go ahead with these layoffs without getting the okay from Congress first. This decision is a big deal because it stops the administration from movin
A federal judge in Boston recently put a stop to President Trump's ambitious plan to overhaul the Education Department. This move was a significant blow to one of Trump's long-standing campaign promises. The judge's decision came after two major lawsuits were filed, challenging the legality of the p
A federal judge in Massachusetts made a significant move on Thursday. The judge issued a temporary order to stop a plan by President Trump. The plan involved shutting down the Education Department. This order came as a surprise to many. It also blocked U. S. Education Secretary Linda McMahon from fo
A Massachusetts federal judge put a stop to the Trump administration's plan to downsize the Education Department. The judge, Myong Joun, who was appointed by Biden, ruled against the Trump administration's reduction-in-force, or RIF. This RIF was announced on March 11 and aimed to cut jobs and shif
The Justice Department recently made a significant shift in its approach to policing. It announced plans to cancel agreements with Minneapolis and Louisville. These agreements were meant to reform their police departments after the tragic deaths of George Floyd and Breonna Taylor. These events spark
