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

More Than 15,000 USDA Employees Have Taken Federal Buyout

More than 3,800 employees took the first offer back in February, and nearly three times as many took a second offer in April. WASHINGTON—More than 15,000 employees from the U.S. Department of Agriculture (USDA) have accepted a buyout offer from the federal government, resigning or taking early retirement in exchange for months of paid leave