GOVERNMENT CUTS
U.S. Fish & Wildlife Service Employees’ Mass Termination: All you may want to know
More than 400 U.S. Fish & Wildlife Service employees were dismissed during a virtual meeting on February 14. Agency officials conveyed the decision in a 20-minute call. Employees later received termination emails. The agency cited workforce planning as the reason.
How Pentagon plans to layoff nearly 60,000 civilian workforce without affecting military readiness
The US Pentagon plans to cut up to 60,000 civilian jobs as part of the Trump administration’s effort to streamline government operations and reduce federal spending. The cuts, which affect 5% to 8% of the Pentagon’s workforce, will be implemented through voluntary resignations, hiring freezes, and other measures. Trump has set up an advisory body named DOGE, led by tech mogul Elon Musk, to slash federal spending.
A shocking court ruling challenges Elon Musk's role in Trump administration. Is this the beginning of his end?
A federal judge ruled that Elon Musk's actions to shut down the USAID likely violated the Constitution by bypassing Senate confirmation. This decision could limit Musk's influence in the government, requiring approval from Senate-confirmed officials for his directives. The ruling may prompt Musk to focus on his businesses and avoid further legal disputes related to his government role.
Major shakeup: Shockwaves in Washington DC as Pete Hegseth axes 60,000 Pentagon civilian jobs in a historic purge
The Pentagon plans to cut up to 60,000 civilian jobs amid efficiency reforms led by Elon Musk's department, facing legal challenges and concerns over military readiness. Latest updates on defense cuts and political reactions.
Foreign selling in Indian stocks continues unabated in first half of March
Foreign investors continued to offload Indian stocks, with the IT and consumer goods sectors experiencing significant selling in March. Concerns over the U.S. and Indian economies led to $3.5 billion in net sales, causing substantial declines in key indices. Recent policy measures failed to attract investors.
Now is a great time to invest in Indian fixed income says Saurav Ghosh. Here’s why
Saurav Ghosh, a fixed income expert, recommends investing in Indian fixed income amidst global volatility. He sees a strong opportunity in longer-duration government securities and corporate bonds, ahead of anticipated RBI rate cuts. Ghosh also notes the potential for FPI inflows if the US Federal Reserve begins a rate cut cycle.
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Elon Musk pushes entitlement fraud claims, calls for social security crackdown
Elon Musk has accused Democrats of using fraud in social security and medicare to attract immigrants and gain voters. He made these claims despite lacking evidence. He claims government programs are riddled with fraud, costing billions. Musk's Department of Government Efficiency (DOGE) is targeting alleged fraudulent payments, while social security faces workforce cuts and stricter identity verification measures under his influence.
Will Elon Musk-led DOGE change federal services in US forever?
Elon Musk's Department of Government Efficiency is making drastic cuts and changes to federal agencies, causing public dissatisfaction. Critics argue that the government should focus on improving services rather than indiscriminate cuts. There is growing concern that these actions could lead to a larger role for the federal government in the future, highlighting the need for a balanced approach.
Elon Musk's shocking claim: 'They basically want to kill me'. Why is DOGE chief's life at risk?
Tech mogul Elon Musk was tapped by US President Donald Trump to lead the Department of Government Efficiency (DOGE) to slash federal spending. Since being created, it has fired tens of thousands of federal workers. Now, DOGE chief Elon Musk has claimed his life is under threat due to mass layoffs.
Pentagon aims to cut up to 60,000 civilian jobs. About a third of those took voluntary resignations
The Defense Department is set to cut 50,000 to 60,000 civilian jobs to achieve a 5% to 8% workforce reduction. Fewer than 21,000 workers will leave voluntarily, with the remaining positions eliminated through natural attrition. Defense Secretary Pete Hegseth aims to avoid undermining military readiness, part of a broader government efficiency initiative involving adviser Elon Musk.
Trump admin moves to fire hundreds of government scientists
The Trump administration is planning significant staff reductions at the EPA, targeting over 1,500 scientists in its research arm. This move aligns with President Trump's aim to reduce government spending and relax environmental regulations. The proposal has faced strong opposition from Democratic lawmakers and environmental advocacy groups.
Is a durable bottom in place? Nischal Maheshwari would wait for April & Trump’s reciprocal tariffs to play out
Nischal Maheshwari, CEO and Market Expert, feels the market is close to the bottom and expects clarity post the resolution of Trump's reciprocal tariffs on April 2. He is optimistic about the Indian economy due to rate cuts, tax breaks, and government spending, with banking, IT, and pharma sectors likely to benefit.
DOGE's IRS takeover: Internal Revenue Service thrown into turmoil at height of tax season; here's what's happening
DOGE’s takeover of the IRS has thrown the tax season into turmoil, with massive layoffs, leadership changes, and concerns over taxpayer data security. Nearly 45,000 IRS employees are set to lose their jobs, and legal experts warn of privacy risks as DOGE pushes for access to sensitive records. The IRS’s top lawyer has already been demoted, sparking controversy. As tax deadlines loom, both taxpayers and government officials are questioning the impact of these drastic changes. Will the IRS recover, or is this the start of a major transformation?
Trump admin begins mass layoffs at Voice of America
President Trump's administration has initiated mass layoffs at Voice of America and other US-funded media, targeting the US Agency for Global Media. Many contractors, primarily non-US citizens, have been terminated, affecting various language services.
Trump signs a bill funding the government for 6 months, avoiding a shutdown
President Donald Trump has signed legislation funding the government through September, preventing a partial shutdown. The bill keeps funding at levels from Joe Biden's presidency with minor changes, causing division among Democrats but ultimately passing to avoid potential shutdown consequences.
Chuck Schumer in the line of fire as Democrats revolt against him, leaders ask Alexandria Ocasio-Cortez to primary him
Democrats blast Schumer for backing GOP shutdown bill, accusing surrender to Trump’s spending cuts. Explore the fallout and D.C. budget impacts.
US government shutdown in balance after top Democrat avoids fight
The US Senate appeared closer Friday to avoiding an economically damaging government funding shutdown after the Democrats' leader shied away from a major confrontation with President Donald Trump. A Democratic blockade of the bill and the ensuing chaos of the entire US government temporarily being out of funds would be "a gift" to Trump, he said.
US shutdown threat piles pressure on government hit by Donald Trump cuts
The US government faced potential shutdown as Democrats threatened to block Trump's spending cuts. Senate Democrats, led by Chuck Schumer, remained divided over supporting the bill, which includes significant cuts proposed by Trump's Department of Government Efficiency, controversially led by Elon Musk.
What if DOGE doesn’t actually save any money?
Despite the Trump administration's claims of significant spending cuts, federal expenditure has been rising since January 2025. The Department of Government Efficiency, led by Elon Musk, faces challenges as expected cuts and layoffs haven't substantially decreased overall spending. Critics question the sustainability and effectiveness of these measures.
Are you a fired federal worker in the US? You may get in touch with Mark Cuban as he is hiring to fill void; here's what he plans to do
Billionaire Mark Cuban funds startups to fix federal tech gaps left by Musk's DOGE layoffs, challenging Silicon Valley's loyalty hires and testing private-sector solutions versus government efficiency.
Big worry for Trump: U.S. budget deficit explodes in February, surpassing $1 trillion in record-breaking year-to-date surge, raising concerns over unprecedented fiscal challenges
The US budget deficit surpassed $1 trillion in just five months, with February's deficit reaching $307 billion. Government spending continues to exceed revenue, with a $1.15 trillion deficit for the year. Under former President Biden, the deficit increased dramatically. The Trump administration, focused on reducing waste, faces challenges with proposed tax cuts potentially worsening the deficit.
US weekly jobless claims fall amid labor market stability
Initial unemployment claims fell by 2,000 to 220,000 last week, though sharp government spending cuts and the trade war pose risks to labor market stability. Federal worker layoffs and contractor impacts have increased claims, while policy uncertainty undermines business confidence and hiring.
After 50% layoffs in Department of Education, here’s who Donald Trump’s government is targeting for layoffs
The aggressive cuts under Trump’s Government Layoffs reflect a dramatic shift in federal workforce strategy.
Elon Musk’s DOGE team doubles to 200 workers while federal agencies face job cuts across the board raising eyebrows
While federal agencies across the Trump administration slash jobs in a sweeping downsizing effort, one department is bucking the trend and growing fast. The Department of Government Efficiency (DOGE), led by billionaire advisor Elon Musk, has expanded from roughly 100 employees to nearly 200 in recent months.
US Education Department to cut half its staff as Trump eyes elimination
The U.S. Department of Education announced layoffs for nearly half of its staff as part of President Trump's wider effort to downsize the government. Secretary of Education Linda McMahon indicated this move aligns with Trump's mandate to dismantle the department, leaving it with 2,183 workers from a previous 4,133.
Is Elon Musk and Marco Rubio’s relationship beyond repair? Inside the bitter cabinet battle in front of Donald Trump that rocked Washington
Elon Musk, the billionaire leader of the DOGE cost-cutting initiative, and Secretary of State Marco Rubio appeared to move past their recent heated exchange during a White House meeting by showcasing unity over the weekend. Both attended a dinner with former President Donald Trump at Mar-a-Lago in Florida, where they reportedly smoothed over their differences.
Top US health agency makes $25,000 buyout offer to most of its employees
Most of the 80,000 federal workers in the Health and Human Services Department have been offered up to $25,000 to leave their jobs as part of President Donald Trump's cost-cutting measures. They have until Friday to respond. This move comes amid efforts to reduce the department's workforce and budget.
After Elon Musk and Marco Rubio fight in cabinet meeting, Donald Trump explodes at reporter; here's what he said
Donald Trump has denied reports of a heated exchange between Elon Musk and Marco Rubio during a closed-door Cabinet meeting. While sources suggest Musk and Rubio clashed over government budget cuts, Trump insists the meeting was “harmonious.” The dispute reportedly stemmed from Musk’s aggressive cost-cutting at the Department of Government Efficiency (DOGE), which Rubio opposes. Trump later intervened, signaling a shift toward more controlled budget reductions. With rising tensions between Musk and government officials, Trump’s balancing act could determine the future of DOGE and its policies.
Elon Musk vs Marco Rubio: A bitter feud erupts in Donald Trump’s Cabinet, and the winner is...
A White House meeting turned tense as Elon Musk and US Secretary of State Marco Rubio clashed over the scale of staff cuts in the government. While Musk pushed for deeper reductions, Rubio defended his record, leading to a heated exchange. President Donald Trump eventually stepped in, signalling a shift in approach. While Trump denied reports of a clash, the confrontation has sparked debate over Musk’s role in reshaping federal bureaucracy.
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