Stripe cuts 300 jobs in product, engineering and operations Stripe has cut 300 jobs, or about 3.5% of its workforce, CNBC confirmed.

US Debt Faces Record as Trump and GOP Plan Tax Cuts The Congressional Budget Office forecasts that annual deficits will top $21 trillion over the next decade.

U.S. Faces Record Debt Levels as Republicans Plan Tax Cuts The Congressional Budget Office forecasts that annual deficits will top $21 trillion over the next decade.

What Did Trump’s Tax Cuts Do? Economic upheaval caused by the pandemic has clouded analysts’ ability to understand the effects of the 2017 tax law. Republicans call it a huge success and want to extend it anyway.

Missile Attack Prompts Emergency Power Cuts in Ukraine President Volodymyr Zelensky of Ukraine said air defenses had shot down at least 30 missiles from a “massive” barrage that had targeted gas and energy facilities.

Meta announces 5% cuts in preparation for ‘intense year’ — read the internal memo Meta will cut about 5% of its staff, focusing on its lowest-performing workers, CNBC confirmed.

Trump Discusses Tax Cuts for New Yorkers With G.O.P. Lawmakers The president-elect told Republicans from New York, New Jersey and California to come up with a plan for increasing the state and local tax deduction — a move that would benefit their constituents.

Tax Cuts or the Border? Republicans Wrestle Over Trump’s Priorities. President-elect Donald J. Trump has waffled on his preferences for how his party tackles his agenda, adding to the uncertainty for Republicans.

The Evening: Signs of Trouble for Trump’s Spending Cuts Plus, celebrating “Chrismukkah.”

Paramount consolidation of U.S. TV and streaming distribution teams results in staff cuts submitted by /u/HRJafael

Biden Says Trump’s Tax Cuts and Tariffs Would Be ‘a Major Mistake’ The president also said his successor would face blowback from the Republican Party if he tried to unwind the Biden agenda.

Tax Cuts Were Top of Mind at the Tax Foundation’s Annual ‘Prom’ Republican control of Washington and a tax bill next year have corporate America excited — and on edge.

Republicans Ponder: What if the Trump Tax Cuts Cost Nothing? Some in the party are considering alternative ways of assessing the federal budget as they prepare to extend temporary tax cuts passed in 2017.

How Trump’s Tax Cuts and Tariffs Could Turn Into Law Republicans are juggling complex political and tactical questions as they plan their congressional agenda next year.

Riding A Motorcycle Cuts Travel Time Through Notorious Los Angeles Traffic Nearly in Half Around 83 percent of Americans live in urban areas, and in many parts of the country traffic is worse than it has ever been. For the sake of convenience and reducing traffic, it would be in all of our best interest to promote the legalization of motorcycle lane-splitting in every single state. Adding protected bike… Read more…

How Elon Musk Cuts Costs at Tesla, SpaceX and X Mr. Musk dug into his companies’ budgets, preferring to cut too much rather than too little and to deal with the fallout later. Under Donald Trump, he is set to apply those tactics to the U.S. government.

Bitcoin ETFs See Record $1.3B Inflows on Trump Win, Fed Rate Cuts BlackRock’s IBIT accounted for most of the inflows at $1.1 billion, with zero net outflows from any product.

Bank of England Cuts Interest Rates, but Warns of Sticky Inflation The central bank said that future cuts would be gradual after spending increases were introduced in the government’s new budget.

Nissan Cuts 9,000 Jobs and Slashes C.E.O.’s Pay in Half The Japanese automaker is carving out its global operations as it struggles with a steep drop in sales.

Nintendo profit plunges 69% as it cuts forecast for sales of ageing Switch console Investors are waiting for news surrounding a successor to the Switch which they hope will re-energize Nintendo’s gaming business.