Federal mass layoffs underway
The Trump administration has initiated layoffs affecting more than 275,000 federal civil servants, including EPA, FAA, VA, and USAID employees, reducing 12% of the federal workforce
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Trump won't fire Fed’s Powell—for now
Trump softened his stance on firing Federal Reserve Chair Jerome Powell, calling it “highly unlikely” unless evidence of fraud emerges. The remarks come amid rising inflation and speculations about a potential "shadow Fed"
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U.S. House clears stablecoin legislation hurdle
On July 16, the House overcame procedural issues on crypto bills, paving the way for a federal stablecoin framework, likely headed to the president’s desk
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