Money, Wealth & Power—A Daily Look at the Financial World
A federal judge has indefinitely prohibited President Trump from reducing federal funding to the University of California, following threats related to the university’s policies on a transgender athlete. This ruling, issued on November 14, 2025, prevents immediate financial cuts that could have severely impacted the university’s operations across its campuses. The decision reflects earlier judicial…
Several U.S. states, including Connecticut and Oregon, have filed lawsuits against the Trump administration, challenging a new rule that restricts eligibility for the Public Service Loan Forgiveness (PSLF) program. This rule excludes certain employers from qualifying as public service roles. New York Attorney General Letitia James has also joined the legal action by suing the…
A federal judge in the United States has extended an order preventing the Trump administration from firing federal employees during the ongoing government shutdown. This decision marks a significant setback for President Trump’s efforts to implement mass layoffs. Unions have celebrated the ruling as a “big win” for protecting federal staff amid the crisis. This…
President Donald Trump has been vocal about his desire for lower interest rates, a stance that aligns closely with his financial interests. Recently, Trump announced plans to secure a “Fed majority” to facilitate this goal, following the dismissal of Cook. This strategic move is part of his broader effort to influence the Federal Reserve, aiming…