By AJ Vicens DETROIT (Reuters) - The mass culling of workers from federal payrolls will have a devastating impact on cybersecurity and national security, a top former National Security Agency official said on Wednesday. Rob Joyce, former NSA director of cybersecurity, told the House Select Committee on the Chinese Communist Party of the harm from aggressive threats to cut U.S....

02:52 PM EST, 03/05/2025 (MT Newswires) -- The Fed's Beige Book showed slight growth since mid-January, but with mixed performance across the Fed districts as consumer spending slowed, particularly for discretionary items. Employment was slightly higher, with more labor availability but increased uncertainty over immigration. The pace of price increases was higher in several districts. Some firms reported raising prices...

(Reuters) - U.S. economic activity has risen slightly but unevenly since mid-January, employment nudged higher, and prices increased modestly, the Federal Reserve said on Wednesday, with businesses and households expressing continued optimism amid rising uncertainty about how U.S. President Donald Trump's policies will affect future growth, labor demand and prices. Six Districts reported no change, four reported modest or moderate growth,...

NEW YORK (Reuters) - A Federal Reserve Bank of New York official who manages the implementation of monetary policy indicated Wednesday the central bank has room to further shrink its balance sheet, while noting government financial management issues will create challenges for the process over the short run. Market indicators are telling us that reserve conditions are currently abundant, as...