TV News LIES

The Corporation for Public Broadcasting announced on Aug. 1 that it was starting an “orderly wind-down of its operations” weeks after Congress passed a measure that clawed back more than $1 billion in funds to the organization. 

The announcement came a day after U.S. Sen. Patty Murray, D-Washington, said the Senate Appropriations Committee hadn't included funding for the corporation in its fiscal 2026 spending bill.

“It is a shameful reality, and now communities across the country will suffer the consequences as over 1,500 stations lose critical funding," Murray said, according to The Hill.

The corporation has said more than 70% of its federal funding, which it disperses to NPR and PBS, goes to local public media stations. PBS advocates previously told USA TODAY the budget cuts would disproportionately affect rural areas.

President Donald Trump called for the outlets’ federal funding to be pulled in May, saying “neither entity presents a fair, accurate or unbiased portrayal of current events to taxpaying citizens.” 

Corporation for Public Broadcasting employees were told on Aug. 1 that most staff positions would be slashed as the fiscal year ends on Sept. 30. Some staff would remain through January 2026 to “ensure a responsible and orderly closeout of operations,” according to the corporation’s news release.

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President Donald Trump signed an executive order on July 31 imposing sweeping new tariffs on imports from trading partners across the world, escalating an aggressive trade policy aimed at spurring domestic manufacturing in the United States.

In addition, Trump took separate action to raise tariffs on goods from Canada from 25% to 35%.

The new reciprocal tariff rates, which will go into effect in seven days, come before an Aug. 1 deadline Trump gave aMore...bout 180 countries to either reach trade deals with the Trump administration or face higher reciprocal tariffs assigned by the U.S.

Trump has kept a new baseline 10% tariff for countries where the United States exports more goods than it receives.

About 40 countries will have a 15% U.S. tariff rate under Trump's order. A senior White House official said these include countries that export slightly more goods to the U.S. than it imports. From there, the tariff rates range up to 40% on imports from Loas and Myanmar and 41% on goods for Syria. These are countries where the U.S. has the largest trade deficits.

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Donald Trump’s strategy of imposing sweeping tariffs on America’s main trading partners will face a major test in the US courts on Thursday, four days after the president hailed the “powerful deal” reached with the EU and just hours before a new round of punishing import duties is set to come into effect.

Trump has underpinned his tariff policy with an emergency power that is now being challenged as unlawful in the federal courts. On Thursday the US court of appeals for the federal circuit will hear oral arguments in the case, VOS Selections v Trump.

A group of small business owners are suing the US president on grounds that he lacks legal authority from Congress to impose severe tariffs that could damage their bottom line. The Trump administration has invoked a 1977 law, the International Emergency Economic Powers Act (IEEPA), claiming that various national emergencies – including US trade deficits with trading partners and the scourge of fentanyl trafficking – demand urgent action.

But the plaintiffs have countered that the IEEPA does not give the president the power to impose tariffs, and has never been used in such a way in its almost half a century on the statute books.

The case has the potential to derail Trump’s most significant tariff deals and negotiations, which he has made a centrepiece of his second presidency. Given hhttps://www.theguardian.com/us-news/2025/jul/28/trump-tariffs-lawsuit-small-businessow much is riding on it, the suit is likely eventually to be settled by the US supreme court under its current 6-3 supermajority of hard-right justices.

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Procter & Gamble will cut up to 7,000 jobs, or approximately 6% of its global workforce, in the next two years as the maker of Tide detergent and Pampers diapers wrestles with tariff-related costs and customers who have grown anxious about the economy.

The job cuts, announced at the Deutsche Bank consumer conference in Paris on Thursday, make up about 15% of its current non-manufacturing workforce, said chief financial officer Andre Schulten.

“This restructuring program is an important step toward ensuring our ability to deliver our long-term algorithm over the coming two to three years,” Schulten said. “It does not, however, remove the near-term challenges that we currently face.”

In a series of departures announced in a matter of weeks, the agency’s entire top rung is set to turn over as Brian Quintenz, President Trump’s nominee for CFTC chair, prepares to take the reins.

Commissioners Summer Mersinger and Christy Goldsmith Romero both plan to depart by the end of the week, while fellow Commissioner Kristin Johnson has said she will leave “later this year.”

Acting CFTC Chair Caroline Pham has promised to remain at the agency until Quintenz is confirmed, at which time she too will depart. The commission, which typically has five members, has been short one person since former Chair Rostin Behnam stepped down in January.

The relatively low-profile agency is expected to play a key role in regulating the digital asset market alongside the Securities and Exchange Commission (SEC).

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The Department of Education under President Donald Trump began sending notices to the first of millions of Americans with past-due federal student loans that they will see their wages garnished in just a few months. The news comes the week that the Trump administration begins to send millions of defaulted borrowers into collections.

The garnishments will happen in waves, with the first borrowers seeing the pay deductions in early June. Monday, the Education Department started sending 30-day notices to around 195,000 defaulted borrowers to notify them that they will be subject to the Treasury Offset Program, which collects past-due debts owed to state and federal agencies. Under this program, Treasury can withhold money including tax refunds, wages, Social Security payments, and disability benefits to pay delinquent debt.

Later this summer, "all 5.3 million defaulted borrowers will receive a notice from Treasury that their earnings will be subject to administrative wage garnishment," the department says in its first timeline of the enforcement action.

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