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Congress passes Trump's proposal to slash $9B from public broadcasting; awaits presidential assent
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Congress has approved President Trump's proposal to slash $9 billion in federal spending, impacting public broadcasters like PBS and NPR, along with foreign aid programs. The House passed the bill with a narrow 216-213 margin, while the Senate approved it 51-48, with some Republicans dissenting over concerns about congressional power. Trump hailed the cuts as a victory, while Republican leaders framed it as a step toward fiscal responsibility.
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Union Bank Q1 results: Net profit rises 12% to Rs 4,116 crore; asset quality improved
Union Bank of India reported a 12% increase in net profit, reaching Rs 4,116 crore for Q1 FY26,...