Homeland Security Secretary Kristi Noem has cut over $30 million in &#8220;frivolous and unnecessary” government grants and contracts in the last three weeks, the Department of Homeland Security told The Daily Wire. 
The department said that it had cut a total of $31,692,166 in spending between August 22 and September 12. The savings were from de-obligated grants and contracts targeted as part of President Donald Trump&#8217;s efforts to cut down on government waste, the department told The Daily Wire.
“In just three weeks, Secretary Noem has saved the taxpayer more than $30 million. That’s more than $1 million per DAY,” said Assistant Secretary Tricia McLaughlin. “Under President Trump and Secretary Noem, it is no longer open season on the American taxpayer at DHS. The Trump administration is draining the swamp, restoring accountability to the federal government, and putting hardworking Americans FIRST again.”
Under the Trump administration, all department contracts worth over $100,000 have to be approved by Noem.
In total, the Department of Homeland Security said it has saved over $12 billion during Noem’s tenure. In total, that equals out to saving about $50 million per day during the Trump administration.
Homeland Security also said that it was providing savings to American taxpayers by deporting illegal aliens.
“These savings figures don’t even include the additional savings from DHS’s immigration enforcement efforts since President Trump resumed office,” the department said.
According to an estimate from the Federation for American Immigration Reform, the net cost of illegal immigration on American citizens is around $150 billion per year. These costs include schooling, health care, and food assistance for illegal aliens.
“Taxes paid by illegal aliens only cover around 17.2 percent of the costs they create for American citizens, bringing the net cost to $150.7 billion a year. For every dollar in taxes paid by illegal aliens, they and their dependents consume six dollars in benefits and services,” the organization <a href="https://www.fairus.org/new-fair-report-annual-costs-illegal-immigration-soars-1507-billion-year">found</a>.
The Trump administration is looking to use new funds allocated by the Big, Beautiful Bill to help increase deportations.

DHS Secretary Noem Testifies At Senate Hearing On Budget

Noem Cuts $30 Million In ‘Frivolous’ Homeland Security Spending In Three Weeks

Department of Homeland Security

Donald Trump

Economy

Kristi Noem

Money

Politics

spending

Wholesale prices dropped in August, coming in significantly below what economists had expected, and led to a new record high for the S&amp;P 500 on Wednesday.
The Bureau of Labor Statistics reported that the Producer Price Index (PPI) came in at 2.6% year-over-year, far below the 3.3% rise that was forecasted, according to <a href="https://www.barrons.com/articles/ppi-wholesale-inflation-data-august-83ddcabb">Barron’s</a>. Wholesale prices dropped 0.1% on a monthly basis, which was also better than what economists were expecting, with the Dow Jones predicting a 0.3% rise, CNBC <a href="https://www.cnbc.com/2025/09/10/ppi-inflation-august-2025-.html">reported</a>.
“Boy, I’m surprised — real progress here! 2.6% on year-over-year headline. We were expecting 3.3%!” <a href="https://x.com/RapidResponse47/status/1965761591179182133">said</a> CNBC’s Rick Santelli.
CNBC host Becky Quick <a href="https://x.com/RapidResponse47/status/1965762391620391046">added</a> that the inflation report was “a real shocker.”
The White House took a victory lap after the report from the Bureau of Labor Statistics, blasting “the so-called ‘experts’” who had predicted for months that President Donald Trump’s wide-ranging tariffs would cause prices to skyrocket.
“The latest PPI report shows there is no inflation — wholesale prices fell and smashed economists’ expectations. President Trump has defeated Joe Biden’s inflation crisis while successfully implementing powerful tariffs, which haven’t hiked prices like the so-called ‘experts’ claimed,” said White House Press Secretary Karoline Leavitt. “This is yet another reason for Jerome ‘Too Late’ Powell to cut the rates immediately to make everyday life more affordable for Americans.”
In July, the PPI increased by 0.7%, which was the highest month-over-month increase since Trump took office for his second term in January.
The S&amp;P 500 surged to a new record high, climbing another 0.4% after the report came out on Wednesday, according to <a href="https://www.cnbc.com/2025/09/09/stock-market-today-live-updates.html">CNBC</a>. Computer software company Oracle led the S&amp;P 500 rally, gaining 40% after the company released a surprising forecast, <a href="https://finance.yahoo.com/news/oracle-stock-soars-after-ceo-says-ai-fueled-cloud-revenue-set-to-jump-to-144-billion-154530523.html?guccounter=1&amp;guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&amp;guce_referrer_sig=AQAAAI1-i2sXMCo1_r6MGzX2KKW5v4fhoklORnC7L3nznCj71xQWTri54REsRQfjHKpN96sIT2D3X-mIe33cajfQNBG95b7PFPsaXSKelDPTr0nuCMK9FI1ly6yzT1YndXcDiYnJomDW8MBy2nenY0lb0OflSZ1kRI-fPMkS8cSzcexB" target="_blank" rel="noopener">stating</a> that it expects AI-fueled revenue to reach $144 billion by its 2030 fiscal year.
The August inflation report was published just one week before the Federal Reserve Board of Governors meets for its September gathering, as signs indicate that policymakers may lower interest rates after months of pressure from Trump. Fed Chair Jerome Powell <a href="https://www.dailywire.com/news/fed-chair-jerome-powell-hints-at-possible-rate-cut-wall-street-cheers">hinted</a> last month that a rate cut could happen under current economic conditions.
Prices under Trump’s tariffs have continued to defy predictions from economists as American consumers have seen little to no effect on overall prices after the president imposed duties on dozens of countries, including America’s top trading partners. The tariffs, however, will be <a href="https://www.dailywire.com/news/scotus-agrees-to-hear-case-on-trumps-tariffs-after-admin-asks-for-swift-action">considered</a> by the Supreme Court, as the administration warns that a ruling striking down the tariffs would have “ruinous” consequences for the U.S. economy.

‘Real Progress Here’: Wholesale Inflation Drops In August, Stunning Economists

Inflation

Stock Market

Tariffs

Trump Administration

Israel conducts a precision strike against senior Hamas leaders in Qatar after the terror group rejects a new peace proposal from President Trump. The Bureau of Labor Statistics admits it overcounted U.S. jobs by nearly a million last year in the largest downward revision in American history. Whistleblowers testify before Congress about firsthand UFO sightings as lawmakers from both parties demand the government stop its cover-up.
It’s Wednesday, September 10, 2025, and this is the news you need to know to start your day.
Morning Wire is available on video! You can watch today’s episode here:
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<h2>Israel Strikes Hamas Leaders in Qatar After Peace Deal Rejected</h2>
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Topline: Israel conducted a precision strike against senior Hamas leaders in Qatar on Tuesday, just a day after the terror group rejected a new ceasefire proposal from President Trump.
The strike targeted top Hamas officials who have been living and operating out of Qatar, which has served as a protected refuge for the terror group&#8217;s leadership. It appears to be the first time Israel has struck Hamas officials inside the country. Qatar condemned the attack as a &#8220;blatant violation of all international laws and norms.&#8221; The White House said the U.S. was notified of the attack ahead of time and, in turn, informed Qatar. President Trump &#8220;believes this unfortunate incident could serve as an opportunity for peace,&#8221; said Press Secretary Karoline Leavitt.
The strike came shortly after Hamas rejected a new peace proposal from the Trump administration, calling it a &#8220;humiliating surrender document.&#8221; The proposal would have required Hamas to release all remaining hostages in exchange for Israel releasing thousands of Palestinian prisoners.
The events follow a separate Hamas terror attack in Jerusalem on Monday that killed six people and wounded 12 others.
<h2>U.S. Jobs Numbers Slashed in Largest Revision in History</h2>
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Topline: The Bureau of Labor Statistics on Tuesday announced that it had overcounted U.S. jobs by nearly one million last year, the largest downward revision in American history, confirming President Trump’s claims that the economy he inherited was far weaker than reported.
In its annual revision, the BLS announced that from March 2024 to March 2025, the economy added 910,000 fewer jobs than was initially reported. The more than 50% downward revision means the economy was adding only 70,000 jobs per month during that period, not 147,000. The White House said the news makes it &#8220;very clear that President Trump inherited a much worse economy &#8230; than ever reported&#8221; and proves that the Federal Reserve&#8217;s interest rate policy has been &#8220;far too restrictive.&#8221;
The massive revision reinforces the president&#8217;s push to overhaul the BLS, an agency he has accused of producing inaccurate data. &#8220;Much like the CDC, everything is wrong with the Bureau of Labor Statistics,&#8221; said Senator Roger Marshall (R-KS), who is in charge of confirming Trump&#8217;s nominee to lead the agency. &#8220;We need someone &#8230; to come in there and turn that place upside down.&#8221;
The shocking report makes it much more likely that the Fed will finally cut interest rates later this month, a move President Trump has been demanding for months.
<h2>Whistleblowers Testify to Congress About UFO Cover-up</h2>
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Topline: Military whistleblowers testified before a congressional task force on Tuesday about their firsthand encounters with UFOs, as lawmakers from both parties demanded an end to what they say is a decades-long government cover-up.
In the third congressional hearing on Unidentified Anomalous Phenomena (UAPs) since 2023, two veterans described their own sightings. One recounted seeing a &#8220;tic-tac-shaped object&#8221; emerge from the ocean, while another described a 100-foot-long triangular craft that flew within feet of him and interfered with his telephone before rapidly ascending with no sound or kinetic disturbance. In the hearing’s most shocking moment, a congressman shared a never-before-seen video of a Hellfire missile striking a UAP with seemingly no effect.
The hearing highlighted a growing bipartisan consensus that the government is hiding the truth about UFOs. &#8220;This is not science fiction,&#8221; said Congresswoman Anna Paulina Luna, who is leading the task force. &#8220;This is about national security, government accountability, and the American people’s right to the truth.” Florida Democrat Jared Moskowitz summed up the mood of the hearing, saying, &#8220;I do know when we’re being lied to, and we are definitely being lied to.&#8221;

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Morning Brief: Israel Strikes Hamas In Qatar, Biden’s Record Job Overcount, UFO Whistleblowers

Biden Administration

Global Politics

Hamas

Israel

Jobs

Outer Space

Qatar

Unemployment

World

The Supreme Court on Tuesday agreed to quickly take up a case on President Donald Trump&#8217;s wide-ranging tariffs, setting up a major decision on one of the biggest policies of Trump&#8217;s second term, NBC News <a href="https://www.nbcnews.com/politics/supreme-court/supreme-court-agrees-consider-whether-trumps-tariffs-are-legal-rcna229069">reported</a>.
The Supreme Court will hear the case after the U.S. Court of Appeals for the Federal Circuit ruled late last month that Trump overstepped his authority under the International Emergency Economic Powers Act (IEEPA) to impose tariffs on imports from dozens of countries. Last week, the Trump administration <a href="https://www.dailywire.com/news/trump-asks-scotus-to-take-swift-action-to-save-his-tariffs">asked</a> the Supreme Court to begin hearing arguments in the case as soon as November, arguing that the Appeals Court&#8217;s decision “gravely undermines the President’s ability to conduct real-world diplomacy and his ability to protect the national security and economy of the United States.”
The Supreme Court agreed to enter a streamlined process and will begin hearing oral arguments the first week of November.
Treasury Secretary Scott Bessent <a href="https://www.dailywire.com/news/supreme-court-ruling-against-trump-tariffs-could-trigger-1-trillion-economic-disaster-bessent-warns">warned</a> on Monday that if Trump&#8217;s tariffs are stopped, the United States would have to refund around $1 trillion to importers, a development that Bessent said would &#8220;cause significant disruption&#8221; to the U.S. economy. U.S. Solicitor General D. John Sauer agreed, saying, “With tariffs, we are a rich nation; without tariffs, we are a poor nation… The economic consequences would be ruinous.”
Trump also blasted the decision from the Appeals Court, arguing that “it would be a total disaster for the Country” if his tariffs were rescinded.
“If allowed to stand, this Decision would literally destroy the United States of America,” he added.
The Appeals Court delayed implementation of its order until October 14, giving the Trump administration time to appeal to the Supreme Court.
Many of Trump&#8217;s tariffs went into effect in early August before the the U.S. Court of Appeals stepped in and ruled that Trump does not have the authority to impose them. The Appeals Court ruled, “Absent a valid delegation by Congress, the President has no authority to impose taxes. Given these considerations, we conclude Congress, in enacting IEEPA, did not give the President wide-ranging authority to impose tariffs of the nature of the Trafficking and Reciprocal Tariffs simply by the use of the term ‘regulate … importation.’”
“The core Congressional power to impose taxes such as tariffs is vested exclusively in the legislative branch by the Constitution,” the court added.
The issue centers on the IEEPA, which was enacted in 1977 and allows the president to impose tariffs on any import to the United States after declaring a national emergency. On April 2, Trump “<a href="https://www.whitehouse.gov/fact-sheets/2025/04/fact-sheet-president-donald-j-trump-declares-national-emergency-to-increase-our-competitive-edge-protect-our-sovereignty-and-strengthen-our-national-and-economic-security/" target="_blank" rel="noopener">declared</a> that foreign trade and economic practices have created a national emergency,” adding that he would impose “responsive tariffs to strengthen the international economic position of the United States and protect American workers.”
If Trump loses at the Supreme Court, his administration has been looking into other ways to impose tariffs, NBC News <a href="https://www.nbcnews.com/politics/trump-administration/white-house-exploring-keep-trumps-tariffs-supreme-court-strikes-rcna229175">reported</a>. Trump could rely on laws under the Trade Expansion Act of 1962, which gives the president power to levy some tariffs. Some of the president&#8217;s tariffs already in effect fall under this law and would not be affected by a Supreme Court decision shooting down Trump&#8217;s tariffs under the IEEPA.

SCOTUS Agrees To Hear Case On Trump’s Tariffs After Admin Asks For ‘Swift’ Action

Courts

Supreme Court

The jobs market during former President Joe Biden’s last year in office was much worse than previously reported, data released Tuesday by the Bureau of Labor Statistics reveal.
The Bureau of Labor Statistics (BLS) <a href="https://www.bls.gov/news.release/prebmk.nr0.htm">revised</a> job numbers showing that there were 911,000 fewer jobs than reported from April 2024 to March 2025. The Trump administration responded to the massive overcount by saying it demonstrated the need for new leadership at the Bureau of Labor Statistics.
“Today, the BLS released the largest downward revision on record proving that President Trump was right: Biden’s economy was a disaster and the BLS is broken,” White House Press Secretary Karoline Leavitt said. “This is exactly why we need new leadership to restore trust and confidence in the BLS’ data on behalf of the financial markets, businesses, policymakers, and families that rely on this data to make major decisions.”
Last month, President Donald Trump <a href="https://www.dailywire.com/news/trump-fires-biden-appointed-labor-statistics-boss-after-major-revisions-to-jobs-reports">fired</a> BLS Commissioner Erika McEntarfer, accusing her of manipulating the jobs numbers for political purposes. Trump has nominated Heritage Foundation economist E.J. Antoni to take her place.
Leavitt added that Federal Reserve Chair Jerome Powell should respond to the news by cutting interest rates, saying that he had “run out of excuses” not to do so. Trump has been pressuring Powell to lower interest rates for months and has even floated the idea of firing the Fed chair.
The revisions indicate that the Bureau of Labor Statistics overcounted private sector non-farm jobs by 880,000 and government employment by 31,000. In the private sector, jobs were overcounted by 126,200 in retail trade, 110,300 in wholesale trade, leisure and hospitality by 176,000, professional and business service by 158,000, and manufacturing by 95,000.
“Considering these reports are the foundation of economic forecasts and major policy decisions, there is no room for such a significant and consistent amount of error. It’s imperative for the data to remain accurate, impartial, and never altered for political gain,” said Labor Secretary Lori Chavez-DeRemer.
“Leaders at the bureau failed to improve their practices during the Biden administration, utilizing outdated methods that rendered a once reliable system completely ineffective and calling into question the motivation behind their inaction,” she added.

Former President Joe Biden Speaks At National Bar Association Awards Gala

Job Market Under Joe Biden Was Much Worse Than Previously Known

Bureau of Labor Statistics

The Trump administration plans to issue rules to restrict or potentially bar imports of Chinese drones and medium and heavy-duty vehicles after an earlier crackdown on cars and trucks, citing national security concerns.
The U.S. Commerce Department on Friday said it plans to issue rules as soon as this month to address national security risks involving information and communications technology that is integral to drones and their supply chain, as well as vehicles weighing more than 10,000 pounds from countries like China and other foreign adversaries.
It did not give details on what the import rules would be.
The Commerce Department and Chinese Embassy in Washington did not immediately comment.
Chinese imports account for the vast majority of U.S. commercial drone sales. More than half come from DJI, the world&#8217;s largest drone manufacturer.
The planned restrictions on drones and heavy-duty vehicles follow on from similar rules already scheduled on imports of cars and other trucks.
Democratic former President Joe Biden&#8217;s administration finalized rules in January that will effectively bar nearly all Chinese cars and trucks from the U.S. market starting in late 2026, as part of a crackdown on vehicle software and hardware from China.
The Commerce Department in January said it could also target for restrictions drone systems like onboard computers, communications and flight control systems, ground control stations, operating software and data storage.
The department opened national security investigations into the import of drones and related components in July and into medium and heavy duty vehicles and parts in April, which could lead to higher tariffs.
U.S. President Donald Trump in June signed executive orders to bolster defenses against threatening drones and to boost U.S. drone manufacturing.
In December, Biden signed legislation that could eventually ban DJI and Autel from selling new drone models in the United States.
(Reporting by David Shepardson, Editing by Rosalba O&#8217;Brien)

DJI Mavic 4 Pro Drone

U.S. Plans Restrictions On Chinese Drones And Heavy-Duty Vehicles, Citing National Security

Communist China

Drones

Import

National Security

The U.S. economy added just 22,000 jobs in August, and the unemployment rate rose to 4.3%, according to the Bureau of Labor Statistics report released on Friday.
The BLS report was the first one since President Donald Trump <a href="https://www.dailywire.com/news/trump-fires-biden-appointed-labor-statistics-boss-after-major-revisions-to-jobs-reports">fired</a> Biden-appointed BLS Commissioner Erika McEntarfer after the bureau made major revisions to its May and June reports, marking down nonfarm payrolls by nearly 260,000. The August numbers were far below economists’ predictions, who expected payrolls to rise by 75,000, CNBC <a href="https://www.cnbc.com/2025/09/05/jobs-report-august-2025.html">reported</a>.
While Friday’s report reveals a troubling trend for the job market, it is likely to keep the Federal Reserve on track to lower interest rates at its meeting later this month. The Federal Reserve often lowers interest rates if unemployment is high in an attempt to stimulate economic activity, which can lead to companies hiring more people. Last month, Federal Reserve Chair Jerome Powell <a href="https://www.dailywire.com/news/fed-chair-jerome-powell-hints-at-possible-rate-cut-wall-street-cheers?author=Zach+Jewell&amp;category=News&amp;elementPosition=undefined&amp;row=0&amp;rowType=Vertical+List&amp;title=Fed+Chair+Jerome+Powell+Hints+At+Possible+Rate+Cut%2C+Wall+Street+Cheers">suggested</a> that central bank policymakers are considering cutting rates.
Shortly after the poor jobs report was released, Trump blasted Powell on his Truth Social platform.
“Jerome ‘Too Late’ Powell should have lowered rates long ago. As usual, he’s ‘Too Late!’” Trump <a href="https://truthsocial.com/@realDonaldTrump/posts/115152111914572913">posted</a>.
Both the wholesale trade and manufacturing sectors saw declines of 12,000 jobs last month, while the health care sector led all others with 31,000 jobs added. Average hourly earnings rose 0.3%, matching the estimate, and annual earnings gains increased by 3.7%, which was just shy of the 3.8% expectation, according to CNBC.
Daniel Zhao, the chief economist at jobs site Glassdoor, told the outlet, “The labor market is losing lift, and August’s report, along with downward revisions, suggests we’re heading into turbulence without the soft landing achieved.”
Trump ripped McEntarfer last month, accusing the former BLS commissioner of inflating job growth “before the Election to try and boost” the chances of former Vice President Kamala Harris.
“We need accurate Jobs Numbers. I have directed my Team to fire this Biden Political Appointee, IMMEDIATELY. She will be replaced with someone much more competent and qualified,” he said on August 1. “Important numbers like this must be fair and accurate, they can’t be manipulated for political purposes.”
Trump <a href="https://www.dailywire.com/news/trump-names-his-pick-to-take-charge-of-jobs-data-honest-and-accurate">nominated</a> economist E.J. Antoni to take over the BLS. Antoni is a Heritage Foundation fellow who agrees with Trump that BLS numbers have been distorted for political reasons.
“There are better ways to collect, process, and disseminate data—that is the task for the next BLS commissioner, and only consistent delivery of accurate data in a timely manner will rebuild the trust that has been lost over the last several years,” Antoni posted on X just a few days after Trump fired McEntarfer.

First U.S. Jobs Report Since Trump Fired Labor Statistics Chief Shows Major Hiring Slowdown

Interest Rates

Jerome Powell

President Donald Trump&#8217;s administration plans new measures to tackle the high cost of housing in the coming weeks, U.S. Treasury Secretary Scott Bessent told Reuters in an interview on Monday.
Emphasizing the urgency of the situation, Bessent described it as an &#8220;all hands on deck&#8221; challenge.
Bessent told the Washington Examiner in a separate interview that Trump may declare a national housing emergency this fall to address rising prices and dwindling supply.
The housing market has been hardest hit by the U.S. central bank&#8217;s tight monetary policy stance and high housing costs are a top concern for many Americans.
The Treasury secretary told Reuters rents were now dropping, which was important for Americans who do not own their homes.
<a href="https://get.dailywire.com/subscribe/plus/?utm_campaign=summer&amp;utm_content=editorialsummersale&amp;utm_medium=website&amp;utm_source=editorial" target="_blank" rel="noopener">End of Summer Sale – Get 40% off New DailyWire+ Annual Memberships</a>
He said he was expecting an increase in real estate transactions and home sales once interest rates began falling, which could encourage people who were locked into low mortgages to put their existing homes on the market.
Bessent said the Trump administration was also exploring ways to simplify permitting and encourage standardization to boost construction, which would boost housing supply and help to bring high costs down.
Affordability would be a big focus for the administration, Bessent said, noting Trump&#8217;s push to drive down prescription prices.
(Reporting by Andrea Shalal, Jeff Mason and Jasper Ward; Editing by Scott Malone, Ross Colvin and Edmund Klamann)

US-NORWAY-DIPLOMACY

Bessent: Trump May Declare National Housing Emergency

Housing

Scott Bessent

U.S.

WASHINGTON (Reuters) -U.S. President Donald Trump said on Monday that India has offered to reduce its tariffs on U.S. goods to zero, even as Indian Prime Minister Narendra Modi was making public shows of solidarity with Chinese and Russian leaders in the face of trade pressure from Washington.
While calling the U.S. relationship with India &#8220;one sided,&#8221; Trump wrote on his Truth Social platform: &#8220;They have now offered to cut their Tariffs to nothing, but it’s getting late. They should have done so years ago.&#8221;
The Indian Embassy in Washington did not immediately respond to Trump&#8217;s comments, which follow the implementation of total duties as high as 50% on Indian goods that have raised questions about the future of the U.S.-India relationship.
Trump&#8217;s remark came as Modi was in China for a summit of more than 20 leaders of non-Western countries of the Shanghai Cooperation Organisation, a China-backed initiative given renewed impetus by Trump&#8217;s global tariff offensive.
At the summit, Chinese President Xi Jinping pressed his vision for a new global security and economic order that prioritizes the &#8220;Global South,&#8221; in a direct challenge to the U.S.
The U.S.-India relationship has strengthened in recent years, including during Trump&#8217;s first term, given shared concerns about China&#8217;s growing power, but Trump threatened the tariffs on India after it refused to stop buying Russian oil in defiance of his efforts to end Moscow&#8217;s war in Ukraine.
In China, in an image designed to convey solidarity, Putin and Modi were shown holding hands as they walked jovially toward Xi before the summit opened. The three men stood shoulder-to-shoulder, laughing and surrounded by interpreters.
Beijing has used the summit to mend ties with New Delhi. Modi, visiting China for the first time in seven years, and Xi agreed on Sunday their countries are development partners, not rivals, and discussed ways to improve trade.
The U.S. State Department and White House did not immediately respond to requests for comment on the meetings in China.
(Reporting by Jasper Ward and David Brunnstrom; editing by Scott Malone, Rod Nickel)

FILE PHOTO: Indian Prime Minister Narendra Modi meets with U.S. President Donald Trump at the White House

Trump Says His Tough Trade Stance Is Working In Stand-Off With India

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U.S. no-frills pioneer Spirit Airlines filed for fresh chapter 11 bankruptcy protection on Friday, as dwindling cash and mounting losses derailed its turnaround efforts since emerging from a previous Chapter 11 reorganization in March.
The carrier, recognizable by its bright yellow jets, has struggled to steady operations since emerging from its first bankruptcy in March.
Flights, ticket sales, reservations and operations will continue, the airline said on Friday.
Spirit had been attempting to rebrand as a more premium airline to keep pace with post-pandemic travel trends that have challenged the viability of the ultra-low-cost model.
But Spirit&#8217;s recovery was further hit by uncertainty from tariffs and budget cuts, which have cooled consumer spending and driven down domestic airfares.
The airline was forced to raise going-concern doubts earlier this month.
&#8220;Since emerging from our previous restructuring, which was targeted exclusively on reducing Spirit&#8217;s funded debt and raising equity capital, it has become clear that there is much more work to be done and many more tools are available to best position Spirit for the future,&#8221; said CEO Dave Davis.
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The Florida-based airline first sought bankruptcy protection last November after years of losses, failed merger bids and mounting debt, becoming the first major U.S. carrier to do so since 2011.
It posted a $1.2 billion net loss last year, with its troubles compounded by the collapse of a $3.8 billion merger with JetBlue Airways and RTX&#8217;s Pratt &amp; Whitney engine issues that forced it to ground many of its Airbus jets.
Spirit began in 1964 as a long-haul trucking company before shifting to aviation in the 1980s, initially flying leisure packages under the name Charter One Airlines.
It rebranded as Spirit in 1992 and built its reputation as a discount carrier for budget-conscious travelers willing to skip extras like checked bags and seat assignments.
But the pandemic upended that model, as demand shifted toward more comfortable, experience-driven travel, leaving ultra-low-cost carriers struggling to adapt.
(Reporting by Shivansh Tiwary in Bengaluru; Editing by Sriraj Kalluvila and Maju Samuel)

Spirit Airlines

Spirit Airlines Files For Bankruptcy — Again

Air Travel

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President Trump fires a Biden-appointed Federal Reserve governor over an investigation into alleged mortgage fraud, setting up a historic legal showdown. In a surprising policy shift, President Trump calls for allowing hundreds of thousands of Chinese students into U.S. universities. The Department of Transportation cracks down on states that issue commercial driver&#8217;s licenses to truckers who are not proficient in English.
It’s Wednesday, August 27, 2025, and this is the news you need to know to start your day.
Morning Wire is available on video! You can watch today’s episode here:
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<h2>Trump Fires Fed Governor, Setting Up Legal Battle</h2>
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Topline: President Trump has fired Federal Reserve Governor Lisa Cook, a Biden appointee, citing a Department of Justice investigation into alleged mortgage fraud, a move that Cook is refusing to accept, setting up a historic legal showdown.
On Monday night, President Trump fired Cook &#8220;for cause,&#8221; citing a DOJ investigation into whether she committed mortgage fraud by allegedly claiming primary residence in two separate states to secure more favorable loan terms. &#8220;We need people that are 100% above board — and it doesn&#8217;t seem like she was,&#8221; Trump said.
Cook responded with a statement saying the president &#8220;has no authority to do so&#8221; and that she will not resign, announcing her intention to file a lawsuit. The move marks the first time in the Fed’s history that a president has removed a member of the board of governors and could set up a legal battle that goes to the Supreme Court.
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The shakeup at the Fed comes as the Trump administration made another major economic move, with the U.S. government acquiring a 10% stake in tech giant Intel for nearly $9 billion. The White House framed the move as a matter of national security, aimed at reviving the U.S. semiconductor industry and breaking America&#8217;s reliance on China.
<h2>Trump Calls for More Chinese Students in U.S. Universities</h2>
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Topline: In a surprising policy shift that has drawn criticism from some allies, President Trump has called for raising the quota for Chinese nationals allowed to study in the United States to 600,000.
The president defended the move in a cabinet meeting, arguing that many less prestigious U.S. universities would not survive financially without the revenue from Chinese students. The proposal has drawn criticism from some conservatives who worry about the national security risks, including the theft of technology and research by students with ties to the Chinese Communist Party.
The move also appears to contrast with the administration&#8217;s previously announced hardline stance. In May, Secretary of State Marco Rubio said the administration would &#8220;aggressively revoke visas for Chinese students&#8221; who are connected to the CCP or are studying in &#8220;critical fields.&#8221;
<h2>DOT Cracks Down on Non-English-Speaking Truckers</h2>
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Topline: Following a fatal crash in Florida caused by an illegal immigrant, the Department of Transportation is cracking down on states that issue commercial driver&#8217;s licenses to truckers who are not proficient in English.
The move comes after Harjinder Singh, an illegal immigrant from India, killed three people in a crash caused by an illegal U-turn in a semi-truck. Singh had a Commercial Driver&#8217;s License (CDL) from a sanctuary state and was later found to be unable to properly identify most highway traffic signs.
Transportation Secretary Sean Duffy announced that states currently in violation of an executive order requiring English proficiency, such as Washington, California, and New Mexico, have 30 days to come into compliance or risk losing federal funding. &#8220;We just want to keep drivers safe,&#8221; Duffy said. &#8220;Not in just red states, Americans drive in all states &#8230; and they deserve to be safe.&#8221;
In a related move, Secretary of State Marco Rubio announced last week that the State Department has paused the issuance of work visas for foreign truck drivers. Rubio said the move was necessary because &#8220;the increasing number of foreign drivers operating large tractor-trailer trucks on U.S. roads is endangering American lives and undercutting the livelihoods of American truckers.”

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Morning Brief: Fed Governor Defies Trump, Chinese Student Deal & WH Clamps Down On Foreign Truckers

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President Donald Trump warned Monday that countries imposing digital taxes on American tech companies will face significant tariffs if they don&#8217;t remove them.
Without naming a specific country, Trump said that some nations had given a “complete pass” to China’s tech companies while penalizing American competitors. Some countries, like Canada and India, have already backed away from digital taxes after pressure from the Trump administration. 
“As the President of the United States, I will stand up to Countries that attack our incredible American Tech Companies. Digital Taxes, Digital Services Legislation, and Digital Markets Regulations are all designed to harm, or discriminate against, American Technology,” Trump wrote on Truth Social. 
“This must end, and end NOW! With this TRUTH, I put all Countries with Digital Taxes, Legislation, Rules, or Regulations, on notice that unless these discriminatory actions are removed, I, as President of the United States, will impose substantial additional Tariffs on that Country&#8217;s Exports to the U.S.A., and institute Export restrictions on our Highly Protected Technology and Chips,” he added. “America, and American Technology Companies, are neither the ‘piggy bank’ nor the ‘doormat’ of the World any longer. Show respect to America and our amazing Tech Companies or, consider the consequences!”
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In June, Canada <a href="https://www.dailywire.com/news/canada-caves-digital-tax-on-u-s-tech-scrapped-after-trump-pressure">rescinded</a> its Digital Service Tax as part of ongoing trade negotiations with the United States. The tax would have hit American tech companies like Amazon, Google, Meta, and Apple hard, and could have cost American businesses up to $2.3 billion annually. 
India also <a href="https://www.reuters.com/world/india/india-proposes-remove-equalisation-levy-digital-services-government-source-says-2025-03-25/">backed away</a> from a 6% digital advertising tax in April after pressure from American officials. 
Many European countries, like France and Switzerland, have <a href="https://taxfoundation.org/data/all/eu/digital-services-taxes-europe/" target="_blank" rel="noopener">implemented</a> digital taxes, while others, like Belgium and the Netherlands, are considering implementing them. France taxes major tech companies 3% on revenue from digital services and targeted advertising. 
In the trade deal between the European Union and the United States, both entities agreed to address “unjustified digital trade barriers.” 
“In that respect, The European Union confirms that it will not adopt or maintain network usage fees,” the framework said. “The United States and the European Union will not impose customs duties on electronic transmissions.”
It is unclear if the agreement will address digital service taxes.

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