Policy

Bullets and lobster tails: Pentagon spends nearly $80 billion in one-month spree

Defense Dept went on biggest monthlong spending spree since the height of the war on terror, dumping $80 billion to empty accounts before end of fiscal year.

Energy Department Ends LNG Export Pause Following Trump Order

U.S. DOE revoked Biden-era regulation that restricted LNG exports, paving way for capacity additions in the sector and strengthening the U.S. energy industry.
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Ozempic, Wegovy Among 15 Drugs Selected by HHS for Medicare Price Negotiations

The department said the drugs are relied upon by millions to treat conditions including asthma, cancer and diabetes. The U.S....

FEC Commissioner Sees ‘DOGE Potential’ in Moving Agency Out of Washington

FEC Commissioner wants to move hdqrs. of campaign finance and election oversight agency away from D.C., the seat of fed power in the American political system.

More Interest Rate Cuts Possible Even Under Trump Tariffs, Fed Governor Says

Federal Reserve Gov. Christopher J. Waller is backing more interest rate cuts even if higher tariffs are imposed on imports, a proposal pushed forward by Trump.
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Jimmy Carter: The President Who Changed US–China Relations

President Jimmy Carter established diplomatic ties with Beijing and cut formal relations with the government in Taipei, which ruled China before the CCP.
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$2,000 Medicare Drug Cap Begins Jan. 1

The cap, which should benefit millions of Americans, is part of a multiyear plan to reduce prescription drug costs for Medicare beneficiaries.
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US Homelessness in 2024 Up 18 Percent From Previous Year, HUD Reports

The nation’s homeless population grew by 18.1 percent from 2023 to 2024, the U.S. Department of Housing and Urban Development (HUD) announced on Dec. 27.