Close Menu
  • Home
  • Finance News
  • Personal Finance
  • Investing
  • Cards
    • Credit Cards
    • Debit
  • Insurance
  • Loans
  • Mortgage
  • More
    • Save Money
    • Banking
    • Taxes
    • Crime
What's Hot

Number of ‘tariff’ mentions has soared past ‘AI’ on earnings calls

May 9, 2025

Stripe issues a series of AI, blockchain products | PaymentsSource

May 9, 2025

Guide to Virgin Atlantic Flying Club

May 9, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
Smart SpendingSmart Spending
Subscribe
  • Home
  • Finance News
  • Personal Finance
  • Investing
  • Cards
    • Credit Cards
    • Debit
  • Insurance
  • Loans
  • Mortgage
  • More
    • Save Money
    • Banking
    • Taxes
    • Crime
Smart SpendingSmart Spending
Home»Finance News»Trump signs executive order aimed at dismantling Education Department
Finance News

Trump signs executive order aimed at dismantling Education Department

March 21, 2025No Comments2 Mins Read
Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
Trump signs executive order aimed at dismantling Education Department
Share
Facebook Twitter LinkedIn Pinterest Email

The U.S. Department of Education is seen on March 20, 2025 in Washington, DC. U.S. President Donald Trump is preparing to sign an executive order to abolish the Department of Education. 

Win Mcnamee | Getty Images News | Getty Images

President Donald Trump signed an executive order on Thursday aimed at dismantling the U.S. Department of Education.

The Education Department oversees the country’s $1.6 trillion federal student loan portfolio, provides funding to low-income students and enforces civil rights across the country.

Only Congress can unilaterally eliminate the Education Department. But the Trump administration can starve the agency of resources.

Earlier this month, the department laid off nearly half of its staffers. The actions leave the department with 2,183 employees, down from 4,133 when Trump took office in January.

Karoline Leavitt, the White House press secretary, told reporters on Thursday that she expected some key functions of the Education Department, including federal student loans, to continue to be run out of the minimized agency.

It was hard to overestimate the harm the order would inflict, consumer advocates said.

“Today’s decision does not serve the interests of students or families,” said Mitria Spotser, vice president and federal policy director at the Center for Responsible Lending, in a statement.

“It weakens public education, abandons civil rights enforcement and prioritizes corporate interests over the fundamental right to a quality education,” Spotser said.

Former President Jimmy Carter established the current day U.S. Department of Education in 1979. Since then, the department has faced other existential threats, with former President Ronald Reagan calling for its end and Trump, during his first term, attempting to merge it with the Labor Department.

See also  Federal Reserve cuts rates after election. What that means for you

Source link

aimed Department dismantling Education executive order signs Trump
Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Previous ArticleFDIC struggling with attrition, unresolved workplace issues
Next Article What Trump’s ‘Eliminate’ Department Of Education Executive Order Means For Student Loan Borrowers

Related Posts

Number of ‘tariff’ mentions has soared past ‘AI’ on earnings calls

May 9, 2025

How consumers prepare for an economic hit

May 9, 2025

How Forbes Picks The Best Places To Retire And How To Find Your Ideal Spot

May 9, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

What is a dead cat bounce in investing?

October 6, 2024

Surviving The Recession: Tips From The Experienced

April 8, 2025

DOGE purge at FDIC threaten nation’s banking system

February 20, 2025
Ads Banner

Subscribe to Updates

Subscribe to Get the Latest Financial Tips and Insights Delivered to Your Inbox!

Stay informed with our finance blog! Get expert insights, money management tips, investment strategies, and the latest financial news to help you make smart financial decisions.

We're social. Connect with us:

Facebook X (Twitter) Instagram YouTube
Top Insights

Number of ‘tariff’ mentions has soared past ‘AI’ on earnings calls

May 9, 2025

Stripe issues a series of AI, blockchain products | PaymentsSource

May 9, 2025

Guide to Virgin Atlantic Flying Club

May 9, 2025
Get Informed

Subscribe to Updates

Subscribe to Get the Latest Financial Tips and Insights Delivered to Your Inbox!

© 2025 Smartspending.ai - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.