U.S. employers announced 153,074 job cuts in October 2025, the highest total for the month since 2003. This is a 175% increase from the same period last year, according to a report released Thursday by outplacement firm Challenger, Gray & Christmas. The surge is a 183% spike from September’s total […]
American household debt climbed to $18.59 trillion in the third quarter of 2025, marking a $197 billion increase from the previous quarter, according to a report released Tuesday by the Federal Reserve Bank of New York. The 1% quarterly increase brought total household debt up $642 billion year-over-year, with mortgage […]
U.S. District Judge Robert W. Gettleman issued a temporary restraining order on Wednesday requiring federal immigration authorities to immediately improve conditions at the Immigration and Customs Enforcement facility in Broadview, Illinois, after hearing testimony describing what he called “unnecessarily cruel” treatment of detainees. The order, issued at 4:15 p.m. on […]
The Federal Aviation Administration announced Wednesday that it will reduce scheduled flights by 10 percent at 40 major U.S. airports beginning Friday morning unless Congress reaches a government shutdown deal. Transportation Secretary Sean Duffy disclosed the capacity reductions during a Wednesday press briefing, describing them as a necessary step to […]
President Donald Trump sparked confusion Tuesday when he posted on Truth Social that SNAP benefits would only be distributed once Democrats end the government shutdown, shortly before White House Press Secretary Karoline Leavitt clarified that the administration is complying with a federal court order to provide partial food assistance. In […]
The U.S. Department of Agriculture announced Monday it will use contingency reserves to pay approximately half of November benefits for the Supplemental Nutrition Assistance Program (SNAP). In a supplementary declaration filed in Rhode Island federal court, Patrick A. Penn, Deputy Under Secretary for Food, Nutrition, and Consumer Services at USDA, […]
A federal judge in Boston ruled Friday that the Trump administration’s planned suspension of food stamp benefits for November is likely unlawful, finding that the Department of Agriculture misinterpreted federal law by claiming it could not access a $6 billion contingency fund appropriated by Congress for precisely this type of […]
A federal judge in Rhode Island granted an emergency temporary restraining order on October 31, blocking the Trump administration’s suspension of Supplemental Nutrition Assistance Program (SNAP) benefits and ordering the immediate release of federal funds to continue food assistance for millions nationwide. U.S. District Judge John J. McConnell Jr. ruled […]
The Federal Reserve lowered its benchmark interest rate by a quarter percentage point on Wednesday, shifting its federal funds target range to 3.75–4 percent. Federal Reserve officials cited recent indicators showing moderate economic growth but noted that job gains have slowed and unemployment, while still low, is trending upward. Inflation, […]
As the government shutdown approaches its fifth week, millions of Americans are confronting a historic crisis in food assistance. The Supplemental Nutrition Assistance Program, commonly known as SNAP or food stamps, is set to lapse for the first time in modern history on November 1, 2025, threatening benefits for approximately […]
