
U.S. President Donald Trump said he will meet with his budget director Russell Vought on Thursday to determine which "Democrat Agencies" to cut, as he looks to inflict pain on his political opposition in the second day of a government shutdown.
"I can't believe the Radical Left Democrats gave me this unprecedented opportunity," Trump said in a social media post.
Trump has already frozen federal transit and green-energy funding for Democratic-leaning states and has threatened to fire more federal workers during the shutdown, which began on Wednesday due to a partisan standoff in Congress.
Trump is already on track to push out 300,000 federal workers by the end of the year.
In his post, Trump mentioned Vought's involvement with Project 2025, a plan by the conservative Heritage Foundation that calls for radically downsizing the federal government. Trump's administration has already pursued many aspects of that plan, such as dismantling the Department of Education and curtailing the government's power to fight pollution.
White House spokeswoman Karoline Leavitt said Trump could fire thousands of workers, though she did not provide details. Several federal employee unions have filed a lawsuit to prevent that from happening, but federal courts have allowed layoffs to proceed while similar cases are being litigated.
Senator Patty Murray, top Democrat on the Appropriations Committee, warned Trump that more firings would not help to end the legislative logjam that has shut the government.
"If the president fires a bunch of people, it's not because of his shutdown it's because HE decided to fire them," Murray, of Washington state, said on social media. "People aren't negotiating tools & it's sick that the president is treating federal workers like pawns. Making threats and choosing to hurt people won't win my vote."
The government shutdown, the 15th since 1981, has suspended scientific research, financial oversight, economic data reports, and a wide range of other activities. Major benefit programs, like Social Security, will continue to send out payments.
A standoff in Congress has frozen about $1.7 trillion in funds for agency operations, which amounts to roughly one-quarter of annual federal spending. Much of the remainder goes to health and retirement programs and interest payments on the growing $37.5 trillion debt.
TWO MILLION WORKERS' PAY SUSPENDED
Pay has been suspended for roughly 2 million federal workers, with roughly 750,000 ordered not to work and others, such as troops and Border Patrol agents, required to work without pay. Many could face personal hardship if the standoff is not resolved before October 15, when the next paychecks are due to be issued.
A prolonged shutdown could disrupt air travel, threaten food aid for millions of Americans, and weigh on exports and mortgage applications.
However, past shutdowns have not had a lasting impact on the broader U.S. economy. The longest lasted 35 days in 2018 and 2019, during Trump's first term, due to a dispute over immigration.
Source: Investing.com
US bonds fell after jobless claims fell to their lowest level since 2022, one of the last readings on the health of the US labor market before the Federal Reserve's interest rate decision next week. ...
According to a report from the US Department of Labour (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance went down to 191K for the week endin...
Treasury Secretary Scott Bessent on Wednesday predicted that the administration still will be able to implement its tariff agenda regardless of whether it prevails in a pending case before the Supreme...
Private businesses in the US cut 32K jobs in November 2025, following an upwardly revised 47K gain in October, and compared to forecasts of a 10K rise. Hiring was particularly weak in manufacturing (...
Ekonom terkenal Scott Bessent memprediksi bahwa Amerika Serikat kemungkinan akan mengalami pertumbuhan ekonomi yang kuat namun inflasi tetap rendah pada 2026. Menurut Bessent, faktor seperti harga ene...
European stocks edged higher, posting a second straight week of gains, as markets continued to assess the outlook for interest rates next year, the returns from a surge in AI capital spending, and the possibility of a ceasefire between Russia and...
Gold (XAU/USD) strengthened slightly on Friday (December 5th) as the latest US economic data reinforced expectations of a Federal Reserve interest rate cut next week. Steady PCE inflation and easing consumer inflation expectations kept the policy...
Oil prices rose as U.S. stocks continued their rally, extending a two-day rally, while investors assessed the prospects for a ceasefire in Ukraine and signs of a widening global surplus. West Texas Intermediate crude oil prices traded above $60...
Asia Pacific stock markets opened quietly on Wednesday morning, with investors awaiting the release of key economic data from the United States and...
Private businesses in the US cut 32K jobs in November 2025, following an upwardly revised 47K gain in October, and compared to forecasts of a 10K...
US President Donald Trump has hinted that Kevin Hassett, the current chairman of the National Economic Council, whom Donald Trump appointed to the...
A five-hour meeting between Russian President Vladimir Putin and Donald Trump's special envoy, Steve Witkoff, and his son-in-law Jared Kushner, in...