Via LLRX – AI in Finance and Banking, January 31, 2025 – This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, conferences, industry white papers and reports, academic papers and speeches, and central bank actions on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links… Continue Reading
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Category Archives: Economy
Senior U.S. official to exit after rift with Musk allies over Federal Disbursement Services
Federal Disbursement Services (FDS): The Federal Disbursement Services provides payment services for more than 250+ federal agencies. Your federal income tax refunds; Social Security benefits; Supplemental Security income; Railroad Retirement Board benefits; veteran’s pay, pension, and education benefits all come from the Federal Disbursement Services. Payments to federal workers, vendors, and grantees also come from… Continue Reading
Trump firings tee up broader legal clash over congressional power
Roll Call: “President Donald Trump’s firing of inspectors general and independent agency board members in the last week sets up another major legal clash over Congress’ power to put limits on the removal of federal officials, experts said. Since Friday, Trump removed more than a dozen inspectors general and Democratic members of the Equal Employment… Continue Reading
Trump Executive Order Tracker
“The Trump Administration’s executive orders cut across dozens of industries. This searchable tool breaks down the orders and their impact. Akin will update the Tracker as orders are published and provide in-depth analysis of specific orders. Visit Akin’s Trump Executive Order Overview to view a summary. Use the menu below to filter by topic. Subscribe… Continue Reading
Career civil service across the government fired, programs suspended – list continues to grow
Via LLRX – Career civil service across the government fired, programs suspended – list continues to grow – Democracy, the Constitution, the Federal Government – All At Risk. Since his inauguration on January 20, 2025 Donald Trump has rapidly implemented key recommendations of Project 2025 using actions executed by non career government personnel as well conservative… Continue Reading
It’s pretty easy to cut $2 trillion from the federal budget, actually
Pluralistic: “If Elon Musk wants to cut $2t from the US federal budget, there’s a pretty straightforward way to get there – just eliminate all the beltway bandits who overcharge Uncle Sucker for everything from pharmaceuticals to roadworks to (of course) rockets, and then make the rich pay their taxes. There is a ton of… Continue Reading
Impoundment Explainer
House Committee on the Budget – Impoundment Explainer, November 22, 2024 Fact Sheet Download Document Reports & Documents Budget Basics Focus on Function Letters Ranking Member Boyle’s Statement – “The legal theories being pushed by Elon Musk and Vivek Ramaswamy are as idiotic as they are dangerous,” said Ranking Member Boyle. “Unilaterally slashing funds that… Continue Reading
A Primer on the Impoundment Control Act
LawFare – “Refusals to undertake required spending are already a major theme of Trump’s second term, but the law limits such executive action. During his 2024 campaign, President Trump indicated that he planned to “restore executive branch impoundment authority to cut waste, stop inflation, and crush the Deep State.” Russell Vought, Trump’s pick to lead… Continue Reading
Inflation Reduction Act Tracker
“The Sabin Center and the Environmental Defense Fund (EDF) are relaunching the Inflation Reduction Act Tracker (IRA Tracker) with added functionality and analysis. The IRA Tracker is an interactive tool designed to help users understand the climate change-related provisions in the 2022 Inflation Reduction Act (IRA). The website includes a database with summaries of the… Continue Reading
House G.O.P. Floats Medicaid Cuts and More to Finance Trump’s Huge Agenda
The New York Times: “President Trump wants a massive tax cut and immigration crackdown bill. Now Republicans must decide what to cut to help pay for it. Top Republicans are passing around an extensive menu of ideas to cover the cost of a massive tax cut and immigration crackdown bill. They could create a 10… Continue Reading
How Will Trump’s Executive Orders Change Government?
What the New Orders Mean for a New Order – “President Trump issued a wave of executive orders in his first day in office, too many to make sense of them all in one sitting. Here, I focus on the changes that relate to the organization and delivery of public services, and how they matter… Continue Reading
About a quarter of U.S. teens have used ChatGPT for schoolwork
“As debates continue over whether chatbots should have a role in the classroom, more teens are turning to ChatGPT to help with schoolwork. The share of teens who say they use ChatGPT for their schoolwork has risen to 26%, according to a Pew Research Center survey of U.S. teens ages 13 to 17. That’s up… Continue Reading
