White House Office of Management and Budget Director Walter said layoffs have already begun.
California Governor Newsom: Will take the Trump administration to court over the deployment of 300 California National Guard troops to Oregon.

The FDA Commissioner said the agency-wide rollout beat its original June 30 deadline and came in under budget.
Twenty Democratic senators in the United States have jointly proposed the "End Crypto Corruption Act of 2025" (the Chinese name is "End Crypto Corruption Act of 2025"), which would prohibit the president, vice president, members of Congress, cabinet members and their spouses and children from issuing or promoting cryptocurrencies and cryptocurrencies.
The Federal Aviation Administration (FAA) issued a notice saying that Elon Musk's rocket manufacturing company SpaceX plans to conduct the next test flight of the Starship launch vehicle as early as February 26. The notice also pointed out that if the launch plan on the 26th cannot be carried out, the company has selected a date between February 26 and March 6 as an alternate launch window.
In order to implement the relevant agreements approved by the State Council, the State Administration of Financial Supervision recently issued the "Notice on Matters Related to the Opening of Bank Card Business by Mainland Branches of Hong Kong and Macao Banks" (hereinafter referred to as the "Notice"), which will come into effect on March 1, 2025. The "Notice" clarifies the relevant matters involved in the opening of bank card business by mainland branches of Hong Kong and Macao Banks. First, i...
This shows that the Trump administration is pursuing a very different policy on the Middle East from the previous administration. Trump's willingness to provide heavy weapons shows that he is ready to give Israel more freedom in the fight against Hamas. Click to view...
The Trump administration recently proposed the creation of a US sovereign wealth fund (SWF) by 2026, and hinted that TikTok could be a potential investment target for the fund. The proposal has attracted widespread attention against a backdrop of challenging US economies and high fiscal deficits. While the idea may seem appealing, analysts warn that without clear planning and governance mechanisms, the fund could do more harm than good to markets and the economy.
Given the current state of the economy and the Trump administration's intentions, the Fed's top priority may be to slow down. Click to view...
Important news 1. The General Administration of Market Supervision issued two "checklists" to optimize the consumption environment. 2. The revised version of the "Measures for the Management of Student Status of Primary and Secondary School Students" was issued, and students transferred to "one network through the office" across provinces. 3. The latest total share of 70 listed A500-related funds exceeded 300 billion. 4. The first batch of 12 Science and Technology Innovation Composite Index ETF...