May 2, 2017

Trump admin. cuts school healthy lunch guidelines

Seth Perlman/AP

The Trump administration's new school lunch proclamation reverses regulations from one of Michelle Obama's signature programs.

  • Michelle's plan: The USDA set standards for the amount of calories, fat, and sodium found in the National School Lunches programs across the country, and required more whole grains, fruits, veggies, and nonfat milk options.
  • What's changing: Agriculture Secretary Sonny Perdue announced a rollback of these regulations beginning next school year. Schools will be allowed to serve 1% milk, opt out of whole-grain products, freeze sodium levels as they stand, and have more control over their cafeteria options.
  • Why? The administration believes that these healthier options are leading to more waste, as kids don't want to eat them.
  • What they're saying: "Just because children would rather eat heavily salted, processed foods at school doesn't mean they should," argued Ken Cook, president of Environmental Working Group.

Go deeper

Scoop: Top NSC official reassigned to Energy Department amid "Anonymous" fallout

Photo: Mark Wilson/Getty Images

Deputy national security adviser Victoria Coates will be reassigned as a senior adviser to Energy Secretary Dan Brouillette, the National Security Council said Thursday — and a senior White House official said that the administration "rejects" the rumors that she is "Anonymous."

Why it matters: Coates has battled claims that she is the still-unknown Trump administration official that penned a New York Times op-ed and book critical of President Trump.

The Fed may be setting the table for 2020 rate cuts

Illustration: Sarah Grillo/Axios

The Fed looks to be laying the groundwork to lower U.S. interest rates this year, just as they did in April 2019 before cutting rates in July, September and October.

Why it matters: A Fed rate cut makes taking on debt more attractive for U.S. consumers and businesses, helping to juice the economy, but also puts the central bank in a weaker position to fight off a potential recession.

Morgan Stanley to buy E*Trade in a $13 billion deal

Photo: Rafael Henrique/SOPA Images/LightRocket via Getty Images

Morgan Stanley is planning to buy E*Trade Financial Corp. in a $13 billion all-stock deal, the Wall Street Journal reports, with plans to acquire the company known for helping everyday Americans manage their money.

Why it matters: The deal, which would be the largest by a major American bank since the financial crisis, signals Morgan Stanley‘s desire to bulk up in wealth management.