US Military Will Cut 20 Percent of Generals and Admirals, Says Secretary of Defense

Hegseth has issued a memorandum ordering a reduction in the number of general and flag officers by 20 percent. WASHINGTON—Secretary of Defense Pete Hegseth on May 5 ordered a 20 percent reduction in the number of four-star generals and flag officers in the U.S. military, as well as reductions to the number of officers elsewhere.

9 Senate Democrats Withdraw Support From Bipartisan Cryptocurrency Bill

The bill aims to bring predictability to the stablecoin market with a regulatory system, but Democrats said they want more security-related reforms. WASHINGTON—A group of nine Senate Democrats announced May 3 that they will not support a bill designed to regulate stablecoins in the cryptocurrency industry. Stablecoins are digital assets whose value is fixed in

IRS has lost 31% of its auditors after DOGE cuts, report says

The Trump administration’s plan to trim the IRS workforce has resulted in almost one-third of its tax auditors leaving the agency through March, according to a report from the U.S. Treasury Department’s watchdog. Elon Musk’s Department of Government Efficiency, or DOGE, has sought to trim the federal workforce through a combination of layoffs and so-called

Democrat-Led States Sue Trump Admin Over Wind Energy Project Freeze

The coalition seeks a court order to lift the wind permitting halt, while the White House calls the lawsuit a partisan attack on Trump’s energy agenda. A coalition of 18 Democratic-led states filed suit on Monday challenging President Donald Trump’s nationwide suspension of wind energy project approvals, calling it an unlawful and politically motivated blockade