Trump signs measures rolling back Obama era regulations
President Trump used the Congressional Review Act to strike multiple Obama era rules including guidance on teacher training program evaluation and failing schools. The actions target land management climate planning and a contractor labor law disclosure rule, signaling a broad push to curb federal regulation.
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Trump creates White House Office of American Innovation
President Trump establishes the White House Office of American Innovation led by Jared Kushner to apply private sector models to government. The memo cites aims like modernizing federal technology and VA overhaul while engaging Ivanka Trump on workforce issues and coordinating with Gary Cohn, Dina Powell, Chris Liddell, and Reed Cordish.
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Stocks end day mixed as early losses ease
U.S. stocks opened lower on concerns Washington will aid business less than hoped. The S P 500 slid to 2,341.59 while the Dow fell to 20,550.98 and the Nasdaq rose to 5,840.37 as the day closed mixed amid GOP policy doubts and tax hopes.
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Nordstrom to lay off 106 customer-care workers nationwide
Nordstrom cuts 106 customer-service positions including 30 in Seattle and 18 in Cedar Rapids with 58 remote workers affected. Layoffs occurred last week as the retailer faced the broader department store downturn. no other cuts planned. Logged $14.76 billion in last fiscal year sales, profits down 41 percent to $354 million.
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