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A government watchdog says it will review how a Labor Department agency compiles and reports some of the nation’s highest profile economic data, just two days after the agency made a sharp downward revision in its estimate of the number of jobs. A spokesperson for the department’s Office of the Inspector General said Wednesday that it is launching … Read more
Hello and welcome to Eye on AI. In this edition…the U.S. Census Bureau finds AI adoption declining…Anthropic reaches a landmark copyright settlement, but the judge isn’t happy…OpenAI is burning piles of cash, building its own chips, producing a Hollywood movie, and scrambling to save its corporate restructuring plans…OpenAI researchers find ways to tame hallucinations…and why … Read more
U.S. President Donald Trump’s decision to fire the federal government’s lead statistician after a disappointing jobs report spurred warnings over the potential fallout if the country’s economic data—considered the gold standard in measurement—can no longer be trusted. There are other examples of countries with unreliable and politicized economic data—and some point to China as a … Read more
Dr. E.J. Antoni, nominee for the Commissioner of the Bureau of Labor Statistics stands next to Donald Trump in the Oval Office. Courtesy: Donald J. Trump via Truth Social President Donald Trump said Monday that he will nominate the economist E. J. Antoni as commissioner of the Bureau of Labor Statistics. Antoni would replace Erika … Read more
Key Takeaways Sam Bankman-Fried’s prison sentence is reduced by over four years due to good behavior and program participation. Caroline Ellison received a sentence reduction of about six months, with release expected in May 2026. Share this article Sam Bankman-Fried may not serve his full 25-year sentence for crypto fraud. According to Business Insider, the … Read more
Co-leader of the Department of Government Efficiency Elon Musk looks on as US President Donald Trump meets with South African President Cyril Ramaphosa in the Oval Office of the White House in Washington, DC, on May 21, 2025. Jim Watson / AFP—Getty Images
Eleven inmate deaths in less than two months. More than 4,000 staff vacancies. A $3 billion repair backlog. And now, a stunning directive from President Donald Trump for the crisis-plagued federal Bureau of Prisons to “REBUILD, AND OPEN ALCATRAZ!” — the notorious penitentiary on an island in San Francisco Bay that last held inmates more than 60 … Read more
Russell Vought, director of the Office of Management and Budget (OMB) nominee for US President Donald Trump, during a Senate Budget Committee confirmation hearing in Washington, DC, US, on Wednesday, Jan. 22, 2025. Al Drago | Bloomberg | Getty Images The Consumer Financial Protection Bureau’s new leadership on Thursday dismissed a trio of enforcement lawsuits … Read more
The bureau can still take complaints, but it can’t conduct exams or pursue existing investigations. Read More
Office of Management and Budget director Russell Vought is now also the acting director of the Consumer Financial Protection Bureau, where he has directed staff to not issue any new rules, to suspend effective dates of all final rules and to stop any new investigations. Vought, also a Project 2025 author, was named acting director … Read more
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