News Briefs

According to the Wall Street Journal, the White House is looking for ways to rescind some of the expenditures authorized by the recent $1.3 trillion spending bill. President Trump’s administration aims to use the Impoundment Control Act of 1974 to cut certain funding, which would allow for a simple majority vote as opposed to a supermajority of 60 votes in the Senate. WSJ

Gillian Tett of the Financial Times writes that despite widespread fears of driverless vehicles destroying trucking jobs, the reality is that there is currently a dire shortage of truck drivers. While automated vehicles may be a longer-term threat, the rapid rise in online shopping and a historically tight labor market have pushed trucking capacity utilization to nearly 100%. FT