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PRESS DIGEST- New York Times business news - June 5

ReutersJun 5, 2025 5:54 AM

- The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

- The Bureau of Labor Statistics is cutting back its collection of data on consumer prices, raising questions about the reliability of federal economic statistics under President Trump.

- Britain breathed a sigh of relief after securing a carve-out from President Trump's 50% steel and aluminum tariffs, contrary to other European nations facing twice the import costs.

- The Congressional Budget Office stated that the Republican bill, encompassing tax cuts and federal program reductions, would swell the national debt by $2.4 trillion within ten years.

- A proposed restructuring would leave only 18 employees at the federally funded news agency, Voice of America, which was founded in 1942 to combat Nazi propaganda.

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