Global Bond Rally Intensifies as US Government Shutdown Enters Critical Phase
Bond Markets Signal Economic Concerns Amid Extended Political Standoff The global fixed income landscape is experiencing a significant shift as…
Tag: Federal government of the United States
Federal Reserve’s Shield: How Economic Stewardship Thrives Amid Political Pressures
The Bedrock of Central Banking: Independence and Regional Voice In a recent address, the San Francisco Fed President illuminated the…
Federal Manufacturing Grants Cut: $720M Axed from Battery and Energy Efficiency Projects
DOE Cancels Major Manufacturing Grants in Strategic Shift The Department of Energy has confirmed the cancellation of $720 million in…
Academic Freedom Under Fire: The Scientific Community’s Stand Against Federal Funding Conditions
The Funding Compact Controversy In a move that has sparked widespread concern across academia, the Trump administration has proposed a…
Shutdown Or Meltdown: Government Closure Threatens U.S. Cybersecurity
Shutdown Or Meltdown: Government Closure Threatens U.S. Cybersecurity Defenses Industrial Monitor Direct offers top-rated volume pc solutions designed for extreme…
Government Shutdown Costing U.S. Economy $15 Billion Daily, Treasury Secretary Warns
The ongoing federal government shutdown is reportedly costing the U.S. economy approximately $15 billion per day in lost output, according to Treasury Secretary Scott Bessent. The Treasury chief warned the shutdown is beginning to “cut into muscle” of the economy despite what he described as sustainable investment growth in areas including artificial intelligence.
Shutdown’s Economic Impact Reaches $15 Billion Daily
The two-week-old federal government shutdown is costing the U.S. economy approximately $15 billion daily in lost output, Treasury Secretary Scott Bessent stated Wednesday. According to reports from Washington, Bessent put this specific estimate on the economic toll while urging Democratic lawmakers to “be heroes” and side with Republicans to end the impasse.
Trump Administration Implements New Federal Hiring Restrictions After Freeze Expires
The Trump administration has replaced its federal hiring freeze with new restrictions requiring political appointee approval for government positions. Critics suggest the changes could politicize the federal workforce while the administration claims they ensure accountability in hiring practices.
New Federal Hiring Restrictions Implemented
President Donald Trump has issued a new executive order replacing the expired federal hiring freeze with permanent restrictions that require political appointee approval for most government hiring positions. According to reports, the order came into effect Wednesday as the administration’s initial hiring freeze, implemented on January 20, reached its expiration date.