Fed

• President Donald Trump signed Executive Order 'Addressing DEI Discrimination by Federal Contractors' on March 26, 2026, mandating a clause in all federal contracts prohibiting racially discriminatory DEI activities by contractors and subcontractors. • The clause subjects non-compliant parties to False Claims Act liability, contract termination, and potential debarment, with enforcement prioritized by the U.S. Attorney General including review of whistleblower qui tam actions. • This builds on prior Trump actions eliminating federal DEI programs and aligns with EEOC Chair Andrea Lucas's warning letter to the 500 largest U.S. companies about Title VII liabilities from DEI practices.

• President Trump rescinded Biden-era executive orders, directing federal agencies to terminate all DEI and environmental justice roles, offices, and equity-focused programs. • Funds are prohibited for promoting gender ideology, mandating 'sex' as male or female in documents like passports, eliminating 'X' gender options. • OMB and OPM are coordinating hiring changes, ending chief diversity officer positions and reinstating bans on racial bias training.

Trump administration claims list is part of an EEOC investigation into antisemitic discrimination at universityA federal judge on Tuesday ordered the University of Pennsylvania to hand over records about Jewish employees on campus to a federal agency as part of an investigation into antisemitic discrimination but said it did not have to reveal any employee’s affiliation with a specific group.US district judge Gerald Pappert said employees can refuse to take part in the US Equal Employment Opportunity Commission (EEOC) investigation but the agency “needs the opportunity to talk to them directly to learn if they have evidence of discrimination”. Continue reading...

Citing the first amendment, judge says president’s executive order is unlawful and unenforceableSign up for the Breaking News US email to get newsletter alerts in your inboxCiting the first amendment, a federal judge on Tuesday agreed to permanently block the Trump administration from implementing a presidential directive to end federal funding for National Public Radio (NPR) and the Public Broadcasting Service (PBS), two media entities that the White House has said are counterproductive to American priorities.The operational impact of US district judge Randolph Moss’s decision was not immediately clear – both because it will probably be appealed and because too much damage to the public-broadcasting system has already been done, both by the president and Congress. Continue reading...

• Venture capitalist Marc Andreessen stated on March 31, 2026, that companies are 75% overstaffed from COVID-era overhiring, using AI as a 'silver bullet excuse' for layoffs. • In an interview on the 20VC podcast, Andreessen argued AI productivity fears mask long-standing business issues rather than genuine job displacement. • The comments highlight tensions in tech hiring amid AI advancements driving economic growth but fueling employee concerns over job security.

• The Federal Reserve indicated openness to a 25 basis point rate cut at its May meeting after the March Consumer Price Index came in at 2.3% year-over-year, marking the lowest inflation reading in two years and easing pressure on monetary policy. • Fed Chair Jerome Powell stated in prepared remarks that the central bank will "monitor incoming data carefully" and emphasized the bank's commitment to price stability while supporting employment. • Market expectations for rate relief have strengthened, with futures pricing in approximately 65% probability of a May cut, signaling investor confidence that the inflation trajectory has stabilized sufficiently for policy accommodation.

Critics say exemption exploits White House’s ‘self-made gas crisis’, and could doom the rare Rice’s whaleSign up for the Breaking News US email to get newsletter alerts in your inboxA US government panel on Tuesday exempted oil and gas drilling in the Gulf of Mexico from the Endangered Species Act (ESA), a move which critics say could doom a rare whale species and harm other marine life.The Endangered Species Committee – which had not convened in more than three decades – voted to approve the request for the ESA exemption at the request of the defense secretary, Pete Hegseth. Continue reading...