In a surprising turn of events, a federal judge has stepped in to stop the U. S. Department of Health and Human Services (HHS) from firing thousands of employees. The judge said the layoffs were likely illegal and ordered the Trump administration to freeze all plans to shrink and reorganize the heal
Investors are cheering as the economy shows signs of slowing down. The S&P 500 hit a new high, and it seems like the bad news for workers is good news for stock markets. Why? Because when the economy isn't doing so well, the Federal Reserve might cut interest rates. Lower interest rates usually mean
Harvard University is under fire after a federal probe concluded that the prestigious school failed to shield Jewish students from harassment. The investigation, carried out by the U. S. Department of Health and Human Services' Office for Civil Rights, uncovered a troubling pattern of antisemitism o
The idea of naming a new Federal Reserve chair well before Jerome Powell's term ends could lead to some serious market confusion. President Trump has hinted that he'll announce his pick soon and wants someone who will lower interest rates. Powell, however, has been cautious, citing a strong economy
The latest numbers on inflation in the US show that prices are still going up, but not as fast as some people thought. The Personal Consumption Expenditures (PCE) Price Index, which is a big deal for the Federal Reserve, went up by 2. 3% in May. That's a tiny bit higher than the month before, but it
The Medicaid program has a rule. It says people must wait 30 days before they can get sterilized. This rule is not popular with everyone. Some people who might use Medicaid think it's unfair. They have different reasons for feeling this way. First, some people need sterilization for health reasons.
The British pound recently reached a near four-year high against the dollar. This happened because of some big news about the US Federal Reserve. The Wall Street Journal reported that President Trump might name a new head of the Federal Reserve sooner than expected. This news made the dollar weaker
The federal government has accused California of breaking a key civil rights law by allowing transgender girls to join girls' sports teams. This is part of a bigger push by the current administration to stop transgender athletes from competing in women's sports across the country. The Education Dep
Jerome Powell, the head of the Federal Reserve, spoke up about tariffs and inflation during a recent chat with senators. He said that the new tariffs might make prices go up in the coming months. This means that everyday items could cost more. Powell also mentioned that most Fed officials think cutt
Senators from both parties have raised strong objections to the Trump administration's proposal to slash $9 billion in federal funding. This money supports public broadcasting and various foreign aid programs. The plan targets the Corporation for Public Broadcasting (CPB), which funds local TV and r
