The UK Treasury has not analyzed the trade-offs required to meet Nato's 3.5% of GDP defence spending target by 2035, Chief Secretary Lucy Rigby stated. Funding decisions are deferred to the next government, with potential tax hikes or cuts to other public services implied.
BIS warns shadow banking's lack of oversight may lead to rapid financial downturn due to interconnected vulnerabilities, citing potential for faster correction than previous banking crises.
Elon Musk threatened to sue Democratic Rep. Ro Khanna after the lawmaker accused Musk of "possibly" sentencing 4.5 million children to death by cutting funding to USAID. Musk called Khanna a "liar" and "robber," while Khanna cited a study predicting millions of deaths without USAID resources.
The Trump administration is threatening to cut federal funding for unemployment assistance in all 50 states, citing concerns over "waste, fraud and abuse" in state-run programs. Acting Labor Secretary Keith Sonderling warned governors that administrative funds could be withheld for the first time in history.
Several NATO members, including the UK, France, Spain, Italy, and Canada, have rejected a proposal for mandatory GDP contributions to fund military aid for Ukraine. NATO Secretary-General Mark Rutte had hoped for approval at the upcoming summit in Ankara, but the plan lacked sufficient support.
Seven months after Trump's Gaza ceasefire deal, reconstruction is stalled, the Board of Peace faces funding shortfalls, and Palestinian technocrats are sidelined. Hamas's refusal to disarm is cited as an obstacle, but donor reluctance and the Iran conflict exacerbate delays.
A new report by the CALP Network suggests direct cash transfers are more efficient than programme-based aid, especially with shrinking budgets. The analysis of $11.4bn in aid spending indicates cash assistance can reach 38% more people, with a call for donors like the UK to prioritize this method.
Planned Parenthood Mar Monte is offering cash-pay aesthetic services like Botox to generate revenue following federal funding cuts that restricted Medicaid reimbursements for the organization.
Planned Parenthood Mar Monte, the largest Planned Parenthood affiliate, is offering Botox and IV hydration services to offset a $90 million funding gap after federal Medicaid cuts. The Sacramento clinic now provides cash-pay aesthetic treatments alongside reproductive healthcare, with 75-80% of patients on Medi-Cal. The affiliate has closed five clinics since the cuts, which expire this summer.
