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Saturday, mar 8
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Federal Funding
Business
Sesame Workshop To 'Downsize Significantly' Amid Funding Cuts, Streaming Partner Loss
Sesame Workshop, the nonprofit production company behind the beloved children's educational TV show "Sesame Street," is facing major staff cuts after losing key funding. Daily Voice confirmed the layoffs in an email from a Sesame Workshop spokesperson on Wednesday, Mar. 5. The job cuts were first reported by Semafor media editor Max Tani, who obtained an internal staff note from CEO Sherrie Rollins Westin. The spokesperson didn't disclose how many employees were affected. "As production of our 56th season begins next month, we remain as committed as ever to bringin…
News
Fed Pauses Interest Rate Cuts Despite Trump's Push For Immediate Reduction
The Federal Reserve kept its key interest rate in place, pausing further cuts and ignoring a demand by President Donald Trump to immediately drop rates. After three months of reductions, the Fed decided to keep the key interest rate target at 4.25 to 4.5 percent. The Fed announced the decision on Wednesday, Jan. 29, after its first meeting since President Trump returned to the White House. Chair Jerome Powell said the Fed is monitoring inflation and economic stability under the Trump administration. "We remain committed to supporting maximum employment, bringing inflation sustain…
News
White House Declares These 5 NJ Counties Disaster Areas During January Nor'easter
President Joe Biden offered federal funding to five New Jersey counties declared disaster areas after being heavily affected by a winter storm last January, White House officials announced. Cape May, Morris, Ocean, Sussex, and Warren were made eligible on Wednesday to receive assistance from the Federal Emergency Management Agency (FEMA) on a cost-sharing basis for hazard mitigation measures. The Jan. 31 to Feb. 2 storm buried northern areas under several feet of snow while communities along the Jersey Shore were severely damaged by the tides. Additional designations may be made …
Politics
Grewal Joins Opposition To Federal Denial Of Health Care Proposal
New Jersey's Gurbir S. Grewal has joined a multi-state coalition of Attorneys General in urging the U.S. Department of Health and Human Services (HHS) to withdraw a proposed “conscience” rule that would allow health care institutions to deny medically necessary care to patients on the basis of “religious, moral, ethical or other reasons.” New Jersey receives more than $11 billion in federal health care funding annually – funding that Grewal said could be terminated under the proposed rule if HHS determines the state has failed, or even “threatened” to fail, to comply with the rule’s requirem…