Morning Wire Evening Wire: Funding Fraud Unveiled & Fed Cuts Interest Rates | 12.10.25
25 snips
Dec 10, 2025 Congress investigates significant fraud in the Small Business Administration, highlighting serious allegations brought to light by Luke Rosiak. The Federal Reserve announces a quarter-point interest rate cut, with Jerome Powell discussing inflation's impact. In travel news, foreign visitors may soon need to share more personal information to enter the U.S. The discussion also touches on Zelensky's firm stance against territorial concessions and the controversial changes at the HHS regarding identity portrayal. Tune in for all the details!
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Set-Aside Program Widely Diverted
- The SBA 8(a) set-aside contracting program intended to help minorities is now widely abused by insiders near D.C.
- Luke Rosiak testifies that billions meant for disadvantaged businesses funnel to suburban insiders, not the intended recipients.
Potential $100B SBA Scandal
- Lawmakers say abuse increased under the Biden administration and watchdogs warn of potentially massive losses approaching $100 billion.
- Committee leaders aim to stop no-bid fraud, reduce bureaucracy, and protect taxpayers.
Trump's Job-Creation Claim
- President Trump claimed that since he took office, 100% of net new jobs went to American citizens instead of migrants.
- He repeated dramatic assertions about migrants including criminal elements to emphasize his immigration impact claims.
