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Cuts

Bucco slams Democrats over $500M in budget cuts affecting vulnerable New Jerseyans

August 14, 2025 by Phil Stilton
Senate republican leader anthony m. Bucco (r-25) is calling for an immediate legislative hearing on new jersey’s school funding formula, criticizing its lack of transparency and the volatility surrounding aid distribution.

TRENTON, NJ — Senate Republican Leader Anthony M. Bucco is calling out Trenton Democrats for what he described as a failure to justify more than … Read more

Resident urges county to oppose federal cuts to Medicaid and SNAP benefits

August 9, 2025 by Phil Stilton
Ocean county approves over $5 million for administration building projects in toms river

TOMS RIVER, NJ – A Stafford Township resident pressed Ocean County officials for the fourth time to formally oppose proposed federal cuts to Medicaid and … Read more

‘The Late Show with Stephen Colbert’ to end in May 2026 amid CBS cost cuts

July 18, 2025 by Phil Stilton
Stephen colbert at the montclair film festival. Stephen colbert in conversation with actress rachel weisz on her new movie, disobedience the event took place in buzz aldrin middle school, during the montclair film festival in montclair, nj.

NEW YORK — The Late Show with Stephen Colbert will come to an end in May 2026, CBS confirmed, marking the conclusion of one of … Read more

Phil Murphy Sues Feds After Trump Cuts $158 Million Migrant Education Funding

July 14, 2025 by Phil Stilton
Phil murphy sues feds after trump cuts $158 million migrant education funding - photo licensed by shore news network.

TRENTON, N.J. — New Jersey Attorney General Matthew J. Platkin announced Monday that the state has joined a 24-state coalition in suing the Trump Administration … Read more

Rodrick Cuts Budget 9% – No Municipal Tax Increase

July 10, 2025July 10, 2025 by Phil Stilton
Rodrick cuts budget 9% - no municipal tax increase - photo licensed by shore news network.

On June 30th, Mayor Rodrick and the Toms River Township Council presented a budget for 2025 that has a 9% reduction in overall spending while … Read more

As NJ schools face cuts and closures, Murphy signs $3 billion universal pre-k, kindergarten law

July 10, 2025 by Phil Stilton
As nj schools face cuts and closures, murphy signs $3 billion universal pre-k, kindergarten law - photo licensed by shore news network.

TRENTON, N.J. — Governor Phil Murphy has signed a sweeping $3 billion early childhood education bill into law, mandating universal access to state-funded preschool and … Read more

Maryland Sues Trump Over Foreign Aid Funding Cuts

June 14, 2025 by Phil Stilton
Maryland sues trump over foreign aid funding cuts - photo licensed by shore news network.

BALTIMORE, MD — Maryland Attorney General Anthony G. Brown has joined a coalition of 23 attorneys general in opposing former President Donald Trump’s executive order … Read more

Murphy’s budget cuts state funded summer college assistance for low income students in New Jersey

June 7, 2025 by Phil Stilton
Murphy's budget cuts state funded summer college assistance for low income students in new jersey - photo licensed by shore news network.

TRENTON, N.J. — A state-funded program that has helped thousands of low-income students afford college classes during the summer may be on the chopping block … Read more

Huge Cuts, No Tax Increase: Toms River Slashes $11 Million from Municipal Budget

May 30, 2025May 30, 2025 by Phil Stilton
Huge cuts, no tax increase: toms river slashes $11 million from municipal budget - photo licensed by shore news network.

TOMS RIVER, N.J. — Mayor Dan Rodrick introduced a municipal budget on Wednesday that includes no increase in the municipal tax rate and cuts the … Read more

Ocean County Commissioners Who Opposed Trump’s One Big Beautiful Bill Flip Fop After Political Backlash

May 30, 2025 by Phil Stilton
Ocean county commissioners who opposed trump's one big beautiful bill flip fop after political backlash - photo licensed by shore news network.

TOMS RIVER, N.J. — They opposed his “One Big Beautiful Bill”, but now they are having regrets, only after sparking a political firestorm in one … Read more

Ocean County’s Republican Commissioners Unite Against Trump’s D.O.G.E. Cuts at Monthly Meeting

May 25, 2025 by Phil Stilton
Ocean county's republican commissioners unite against trump's d. O. G. E. Cuts at monthly meeting - photo licensed by shore news network.

TOMS RIVER, NJ – The Ocean County Commissioner Board has taken a unified stand against President Donald Trump’s Department of Government Efficiency (DOGE) initiative, which … Read more

Governor Murphy Says Children Will be Malnourished Under Trump Cuts, But One Lawmaker Says He’s Just Playing Politics

March 12, 2025 by Phil Stilton
Governor murphy says children will be malnourished under trump cuts, but one lawmaker says he's just playing politics - photo licensed by shore news network.

TRENTON, NJ – New Jersey lawmakers are locking horns over the Trump administration’s recent decision to slash over $1 billion in federal funding for school … Read more

DHS Cuts Over 400 Non-Essential Employees Amid Government Efficiency Efforts

February 15, 2025 by Phil Stilton
Dhs cuts over 400 non-essential employees amid government efficiency efforts - photo licensed by shore news network.

The U.S. Department of Homeland Security (DHS) announced on Friday that it has cut 405 employees from various departments as part of a broader effort … Read more

Pentagon cuts off all gender transition care among military servicemembers

February 10, 2025 by Phil Stilton
Pentagon cuts off all gender transition care among military servicemembers - photo licensed by shore news network.

WASHINGTON, D.C. — The Department of Defense has announced an immediate pause on all gender transition-related medical procedures for service members and has barred new … Read more

Radical New Jersey Senator Says He Would Shut Down U.S. Government if Trump Continues Cuts

February 10, 2025 by Phil Stilton
Radical new jersey senator says he would shut down u. S. Government if trump continues cuts - photo licensed by shore news network.

WASHINGTON — Senator Andy Kim indicated he is open to shutting down the federal government to oppose policies enacted by the Trump administration and Elon … Read more

With California Under Fire Over Budget Cuts, Mismanagement, How is New Jersey’s State Fire Budget?

January 13, 2025 by Phil Stilton
With california under fire over budget cuts, mismanagement, how is new jersey's state fire budget? - photo licensed by shore news network.

TRENTON, N.J. — As a recent increase in forest fires continues to intensify wildfire risks across New Jersey, the Murphy Administration’s 2025 budget presents a … Read more

Toms River Cuts Ties with EMS Company Amid Investigation

August 6, 2024 by Phil Stilton
Toms river cuts ties with ems company amid investigation - photo licensed by shore news network.

TOMS RIVER, NJ – Toms River has cut ties with Silverton EMS, a paid squad, amid a criminal investigation into financial misconduct allegations. These allegations, … Read more

New Jersey Education Cuts Leads to Forced Closure of Elementary School

August 4, 2024 by Phil Stilton
School hallway - file photo by dreamstime

JACKSON, NJ — The Jackson Township School District is facing the harsh reality of having to sell Sylvia Rosenauer Elementary School, a vital educational institution … Read more

Toms River Cuts Ties With EMS Firm Under Investigation for Financial Irregularities

August 3, 2024 by Phil Stilton
Toms river cuts ties with ems firm under investigation for financial irregularities - photo licensed by shore news network.

TOMS RIVER, NJ – A Toms River paid EMS squad is again in the spotlight over lingering financial irregularities discussed in public and private for … Read more

New Jersey School Districts Selling Off Schools, Even Trees to Make Ends Meet Under Murphy Cuts

July 8, 2024July 8, 2024 by Phil Stilton
New jersey school districts selling off schools, even trees to make ends meet under murphy cuts - photo licensed by shore news network.

JACKSON, NJ – New Jersey Governor Phil Murphy touts his new S2 school funding formula as a major success that fully funds education in New … Read more

New Jersey School District Sues State and Governor Over Crippling State Aid Cuts

July 8, 2024 by Phil Stilton
School buses in lot

TOMS RIVER, NJ – The Toms River Regional Schools District is taking legal action against Governor Phil Murphy and the state of New Jersey due … Read more

New Jersey Governor Murphy’s School Funding Formula Blamed for Drastic Cuts, School Closure

June 24, 2024 by Phil Stilton
New jersey governor murphy's school funding formula blamed for drastic cuts, school closure - photo licensed by shore news network.

JACKSON, NJ – The S2 funding formula, a secretive formula known only to insiders within the administration of Governor Phil Murphy has devastated the educational … Read more

New Jersey Newspaper Cuts Weather Team as Industry Downsizing Continues

June 8, 2024 by Phil Stilton
New jersey newspaper cuts weather team as industry downsizing continues - photo licensed by shore news network.

NEW JERSEY—As the legacy newspaper industry continues to struggle, meteorologist Joe Martucci says another round of layoffs in New Jersey has signaled the end of … Read more

Slower wage growth needed for euro zone rate cuts, ECB’s Knot says

January 28, 2024January 28, 2024 by Reuters
Slower wage growth needed for euro zone rate cuts, ecb's knot says - photo licensed by shore news network.

AMSTERDAM (Reuters) – The European Central Bank (ECB) will need to see proof of slowing wage growth in the euro zone before interest rates can … Read more

Money market funds keep growing despite expected Fed cuts, JPMorgan strategists say

January 25, 2024January 25, 2024 by Reuters
Money market funds keep growing despite expected fed cuts, jpmorgan strategists say - photo licensed by shore news network.

By Lewis Krauskopf NEW YORK (Reuters) – Assets in money market funds are rising to start the year, challenging some expectations that investors are set … Read more

Tesla price cuts, delivery plan and CEO pay in focus ahead of results

January 22, 2024 by Reuters
Tesla price cuts, delivery plan and ceo pay in focus ahead of results - photo licensed by shore news network.

By Akash Sriram (Reuters) – Tesla’s profitability and deliveries will be on top of investors’ minds when the world’s most valuable automaker reports results on … Read more

ECB must not jump the gun with rate cuts, Finland’s Valimaki says

January 16, 2024January 16, 2024 by Reuters
Ecb must not jump the gun with rate cuts, finland's valimaki says - photo licensed by shore news network.

By Anne Kauranen and Balazs Koranyi HELSINKI/FRANKFURT (Reuters) – The European Central Bank is making progress in lowering inflation to 2% but needs more evidence … Read more

Wells Fargo Investment Institute bets on rate cuts, lifts 2024 S&P 500 target

January 10, 2024 by Reuters
Wells fargo investment institute bets on rate cuts, lifts 2024 s&p 500 target - photo licensed by shore news network.

(Reuters) – Wells Fargo Investment Institute (WFII) boosted its 2024 year-end target for the S&P 500, citing an improved economic outlook and expectations of interest-rate … Read more

U.S. natgas producers seek to balance production cuts, demand rebound

January 4, 2024January 4, 2024 by Reuters
U. S. Natgas producers seek to balance production cuts, demand rebound - photo licensed by shore news network.

(Reuters) – The longer natural gas prices stay lower in 2024 and drilling and related activity pulled back, the market could overshoot to both the … Read more

Bond investors may be betting too aggressively on 2024 rate cuts, says BlackRock

December 22, 2023 by Reuters
Bond investors may be betting too aggressively on 2024 rate cuts, says blackrock - photo licensed by shore news network.

By Davide Barbuscia NEW YORK (Reuters) – A year-end rally in U.S. government bonds has potentially limited further gains in some Treasury maturities, said Rick … Read more

Morgan Stanley’s outgoing CEO says markets will take off after rate cuts- FT

December 22, 2023December 22, 2023 by Reuters
Morgan stanley's outgoing ceo says markets will take off after rate cuts- ft - photo licensed by shore news network.

(Reuters) – Morgan Stanley’s outgoing CEO James Gorman said financial markets will “take off” once investors are sure the Federal Reserve has finished raising interest … Read more

Analysis-Job cuts, lean bonuses loom over Europe’s bankers in 2024

December 1, 2023 by Reuters
Analysis-job cuts, lean bonuses loom over europe's bankers in 2024 - photo licensed by shore news network.

By Sinead Cruise, Iain Withers and Lawrence White LONDON (Reuters) – A mix of global economic unease and geopolitical uncertainty means optimism is in short … Read more

Mexico central bank governor eyes rate cuts, but not before 2024

November 13, 2023 by Reuters
Mexico central bank governor eyes rate cuts, but not before 2024 - photo licensed by shore news network.

MEXICO CITY (Reuters) – Mexico’s central bank governor said in a newspaper interview published on Monday that easing inflationary pressure meant the Bank of Mexico … Read more

Jackson Council President Endorses Phil Murphy’s School Budget Cuts, Says No To Referendum

November 1, 2023 by Phil Stilton
Jackson council president endorses phil murphy's school budget cuts, says no to referendum - photo licensed by shore news network.

JACKSON TOWNSHIP, NJ – The Jackson Township School District needs to cut staff and reduce costs. That’s the message provided by Jackson Council President Nino … Read more

Bond rout won’t end Fed balance sheet cuts, but endgame bubbling into view

October 6, 2023 by Reuters
Bond rout won't end fed balance sheet cuts, but endgame bubbling into view - photo licensed by shore news network.

By Michael S. Derby NEW YORK (Reuters) – The bond market tumult that has sent real-world borrowing costs surging is unlikely to deter the Federal … Read more

Oil to drift lower as slower growth offsets OPEC+ cuts: Reuters poll

July 31, 2023July 31, 2023 by Reuters
Oil to drift lower as slower growth offsets opec+ cuts: reuters poll - photo licensed by shore news network.

By Rahul Paswan (Reuters) – Oil prices will stall this year as weak economic growth is expected to curb demand and offset the impact of … Read more

Chile to start rate cuts, signaling more across the region

July 27, 2023July 27, 2023 by Reuters
Chile to start rate cuts, signaling more across the region - photo licensed by shore news network.

By Fabian Cambero SANTIAGO (Reuters) – Chile is expected to cut its benchmark interest rate on Friday, the first major Latin American economy to do … Read more

How the Fed hid a rate hike in its rate “cuts” for 2024

June 15, 2023 by Reuters
How the fed hid a rate hike in its rate "cuts" for 2024 - photo licensed by shore news network.

By Howard Schneider WASHINGTON (Reuters) – The outlook from U.S. Federal Reserve officials at their meeting this week sees interest rate cuts beginning next year, … Read more

‘Historically Inaccurate’: Bob Good Clashes With MSNBC Host Over Trump Tax Cuts’ Impact On National Debt

May 23, 2023 by The Daily Caller

‘Historically Inaccurate’: Bob Good Clashes With MSNBC Host Over Trump Tax Cuts’ Impact On National Debt Harold Hutchison on May 23, 2023  Republican Rep. Bob … Read more

Explainer-Tax cuts, balanced budget: What’s not in Republican McCarthy’s debt plan?

April 21, 2023 by Reuters
Explainer-tax cuts, balanced budget: what's not in republican mccarthy's debt plan? - photo licensed by shore news network.

WASHINGTON (Reuters) – U.S. House of Representatives Speaker Kevin McCarthy has floated a plan that would pair $4.5 trillion in spending cuts with a $1.5 … Read more

ECB needs more rate hikes and faster balance sheet cuts, Wunsch says

April 14, 2023 by Reuters
Ecb needs more rate hikes and faster balance sheet cuts, wunsch says - photo licensed by shore news network.

By Balazs Koranyi WASHINGTON (Reuters) – The European Central Bank should speed up the reduction of its balance sheet and could stop reinvesting cash from … Read more

Republican Jewish Coalition Cuts Ties With GOP Rep Who Lied About Being Jewish

December 28, 2022 by The Daily Caller
Republican jewish coalition cuts ties with gop rep who lied about being jewish - photo licensed by shore news network.

Republican Jewish Coalition Cuts Ties With GOP Rep Who Lied About Being Jewish Kate Anderson on December 27, 2022 The Republican Jewish Coalition (RJC) cut … Read more

UK government: no spending cuts, no reverse on tax cuts

October 12, 2022 by Reuters
Uk government: no spending cuts, no reverse on tax cuts - photo licensed by shore news network.

By Alistair Smout, Andrew MacAskill and Elizabeth Piper LONDON (Reuters) -Britain’s new government said on Wednesday it would not reverse its vast tax cuts or … Read more

Britain’s Kwarteng doubles down on tax cuts, promises fiscal discipline

October 2, 2022 by Reuters
Britain's kwarteng doubles down on tax cuts, promises fiscal discipline - photo licensed by shore news network.

By Alistair Smout and Elizabeth Piper BIRMINGHAM (Reuters) – British finance minister Kwasi Kwarteng will vow on Monday to stay the course with his planned … Read more

Oracle starts job cuts in U.S. – The Information

August 1, 2022 by Reuters
Oracle starts job cuts in u. S. - the information - photo licensed by shore news network.

(Reuters) – Oracle Corp has started to lay off employees in the United States, The Information said on Monday, citing a person with direct knowledge … Read more

Russia’s 2022 inflation seen at 13.4%, more rate cuts to come: Reuters poll

July 29, 2022 by Reuters
Russia's 2022 inflation seen at 13. 4%, more rate cuts to come: reuters poll - photo licensed by shore news network.

MOSCOW – Analysts have trimmed their year-end inflation forecasts for Russia and see room for the central bank to continue cutting rates as it tries … Read more

Mexico’s Cemex posts earnings drop, cuts operating profit forecast

July 28, 2022 by Reuters
Mexico's cemex posts earnings drop, cuts operating profit forecast - photo licensed by shore news network.

By Kannaki Deka and Isabel Woodford (Reuters) – Mexican cement producer Cemex SAB de CV on Thursday posted a near 2% fall in second-quarter earnings … Read more

Adidas cuts full-year profit target on slow China recovery

July 26, 2022 by Reuters
Adidas cuts full-year profit target on slow china recovery - photo licensed by shore news network.

By Ludwig Burger FRANKFURT -Adidas on Tuesday cut its 2022 earnings target, citing a slower-than-expected recovery in China from pandemic restrictions. In an unscheduled statement, … Read more

Brazil inflation data paints rosier picture after fuel tax cuts

July 26, 2022 by Reuters
Brazil inflation data paints rosier picture after fuel tax cuts - photo licensed by shore news network.

By Gabriel Araujo SAO PAULO – Brazilian consumer prices increased slightly less than expected in the month to mid-July, the country’s statistics agency said on … Read more

Credit Suisse eyes more cost cuts, SonntagsZeitung reports

July 24, 2022 by Reuters
Credit suisse eyes more cost cuts, sonntagszeitung reports - photo licensed by shore news network.

ZURICH – Credit Suisse is considering how it could cut costs further after a dismal performance by the embattled bank in the past quarter, SonntagsZeitung … Read more

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