Wall Street Next

latest news in politics

Defense Secretary Orders 20 Percent Cut to High-Ranking Military Leadership

Washington, Tuesday, 29 September 2026.
Defense Secretary Pete Hegseth doubled planned leadership reductions, ordering a 20 percent cut to general and admiral positions by 2027 to streamline Pentagon bureaucracy and empower lower ranks.

Federal Cuts to Food Stamps Shift Billions in Costs to State Budgets

Washington, Tuesday, 29 September 2026.
New federal policies shifting $17 billion in assistance costs to local governments threaten essential public services, as over five million Americans lose food stamp eligibility nationwide.

White House Blocks Sweeping Plan to Redefine Grocery Store Foods

Washington, Tuesday, 29 September 2026.
The White House stalled Health Secretary Robert F. Kennedy Jr.’s food overhaul after officials warned his proposed definition of ultraprocessed food could encompass most U.S. grocery store items.

Proposed Federal Rule Threatens Voting Support for Disabled Americans

Washington, Tuesday, 29 September 2026.
A proposed federal rule restricting grant money for voter registration threatens support for 740,000 disabled Americans, though recent congressional stopgap legislation has delayed its implementation until December 2026.

Former Special Counsel Defends Trump Investigations Before Senate Panel

Washington, Tuesday, 29 September 2026.
Former Special Counsel Jack Smith testified before the Senate Judiciary Committee on Tuesday, defending his dismissed criminal probes into Donald Trump despite sharp Republican accusations of political bias.

Navy Carrier Landing Accident Off Virginia Leaves Four Sailors Injured

Norfolk, Tuesday, 29 September 2026.
Two Navy pilots ejected and four sailors were injured during a landing accident aboard the USS Dwight D. Eisenhower off Virginia, raising operational safety concerns for aging fleet assets.

Pentagon Deploys Military Cyber Forces to Safeguard 2026 Elections

Washington, Tuesday, 29 September 2026.
Defense Secretary Pete Hegseth ordered military cyber forces to counter foreign election threats, shifting primary defense roles to the Pentagon following recent cuts to civilian security agencies.

U.S. Senate Passes Federal College Athletics Reform Bill

Washington, Tuesday, 29 September 2026.
On September 28, 2026, the Senate passed the Protect College Sports Act 77-22, establishing national standards for revenue sharing and granting the NCAA a limited antitrust exemption.

FBI Co-Deputy Director Andrew Bailey Resigns After One Year

Washington, Tuesday, 29 September 2026.
FBI Co-Deputy Director Andrew Bailey resigned on September 28, 2026, ending a brief, unconventional tenure marked by internal friction and structural shifts within federal law enforcement leadership.

United States Eases Vehicle Fuel Economy Targets to Lower Consumer Costs

Washington, Tuesday, 29 September 2026.
The U.S. Department of Transportation finalized rules reducing target fuel efficiency to 34.9 mpg by 2031, aiming to cut average vehicle costs by $1,300 while eliminating electric vehicle credit trading by 2028.