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Trump in the White House on Sept. 4. Photo: Brendan Smialowski/AFP via Getty Images

President Trump announced Friday that the Defense Department "will NOT be cutting funding" to the military's historic independent newspaper, Stars and Stripes.

Driving the news: A Pentagon memo quoted in a USA Today opinion piece on Friday ordered the 159-year-old newspaper's publisher to produce a plan by Sept. 15 to "dissolve the Stars and Stripes."

  • In February, the Defense Department proposed cutting the $15.5 million in funding to the newspaper. But the House has since passed legislation that includes the funding through the 2021 fiscal year.

Go deeper

Updated Oct 1, 2020 - Politics & Policy

Trump signs stopgap bill to prevent government shutdown

Senate Majority Leader Mitch McConnel and President Trump arrives at the U.S. Capitol in March. Photo: Samuel Corum/Getty Images

President Trump signed a bill to extend current levels of government funding after funding expired briefly, White House spokesperson Judd Deere confirmed early Thursday.

Why it matters: The move averts a government shutdown before the Nov. 3 election. The Senate on Wednesday passed the legislation to fund the federal government through Dec. 11, by a vote of 84-10.

Dan Primack, author of Pro Rata
29 mins ago - Economy & Business

Pandemic concerns change economic growth forecast

Illustration: Sarah Grillo/Axios

Business economists have tempered their 2021 growth expectations, cutting nearly a point off their annual GDP forecast since earlier this year, according to the NABE outlook survey released today.

Why it matters: This reflects increased concerns over the pandemic's impact on the economy, particularly due to the spread of Delta and other variants. Panelists said that a faster vaccine rollout could improve their outlooks.

Updated 2 hours ago - World

German election: Social Democrats narrowly beat Angela Merkel's bloc

SPD leader Olaf Scholz. Photo: Sean Gallup/Getty Images

BERLIN — The center-left Social Democratic Party (SDP) clinched a narrow victory in Germany's historic federal elections on Sunday, just four years after suffering its worst loss since World War II.

Why it matters: It's a stunning political comeback for the SPD, paving the way for its chancellor candidate Olaf Scholz to form a new governing coalition and lead Europe's largest economy into the post-Merkel era.

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