Tag: Cut

Fact Check: Biden Loves to Claim He Has Cut The Deficit

In a Thursday interview with CNN, President Joe Biden was once again claiming that he has reduced the deficit. Quick fact check: That claim is utterly false. While arguing for increasing taxes on wealthy Americans, Biden said, “We could further reduce the deficit, which I have been able to reduce.” In 2022 and 2023, Biden […]

Peloton to cut 400 employees, with even CEO on the way out

Exercise equipment manufacturer Peloton on Thursday announced it will ax 15% of its workforce, plus CEO Barry McCarthy.  The company’s layoffs are expected to affect around 400 employees. The cuts are part of a cost-cutting program at the company, which has struggled to maintain high sales after the COVID-19 pandemic.  Peloton struck it big during […]