Trump Administration Disbands Economic Statistics Committees; Calls for End to Semiconductor Subsidies; Signs Order Banning Men from Women's Sports

The Trump administration has disbanded two expert committees that worked with the government to produce economic statistics. Commerce Secretary Howard Lutnick terminated the Federal Economic Statistics Advisory Committee (FESAC) and the Bureau of Economic Analysis Advisory Committee, effective February 28. These committees assisted with inflation, employment, and GDP data. President Trump called for an end to the $52 billion semiconductor subsidy program, which has spurred over $400 billion in investments from companies like Taiwan Semiconductor Manufacturing Co. and Intel Corp. He suggested using any remaining funds to reduce debt. In a speech to Congress, Trump highlighted his executive order banning men from participating in women's sports. He honored former volleyball player Payton McNabb, who was injured by a male player, and stated that schools would lose federal funding if they allow men on women's teams.