Personnel
IRS furloughs nearly half of its workforce due to government shutdown
People exit the the U.S. Internal Revenue Service (IRS) building in Washington, D.C., on Feb. 20, 2025. Kent Nishimura | Reuters The IRS on Wednesday said that it was furloughing nearly half of its workforce due to the ongoing government shutdown. About 34,000 IRS workers are being furloughed, according to the tax agency. Another 39,870 […]
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Air traffic control shortages add to U.S. flight delays
The Hollywood Burbank Airport air traffic control tower stands on October 6, 2025 in Burbank, California. The Federal Aviation Administration (FAA) stated the airport currently has no air traffic controllers in its tower amid the ongoing federal government shutdown. Incoming flights are being delayed for over two hours, with control duties currently being handled by […]
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Trump suggests not all furloughed workers will get back pay: ‘It depends’
U.S. President Donald Trump speaks as he and Canada’s Prime Minister Mark Carney (not pictured) meet in the Oval Office at the White House in Washington, D.C., U.S., Oct. 7, 2025. Evelyn Hockstein | Reuters President Donald Trump suggested Tuesday that some federal workers who have been furloughed during the government shutdown will not receive […]
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Energy Dept. axes hundreds of ‘green’ projects in ‘blue states’ during shutdown
U.S. Department of Energy Secretary Chris Wright attends a Reuters Next event in Manhattan, New York City, U.S., Sept. 25, 2025. Carlos Barria | Reuters The Energy Department’s cancellation of more than 300 funding awards to projects in 16 states won by Democratic nominee Kamala Harris in the 2024 presidential election slammed the brakes on […]
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S&P 500 closes above 6,700 for first time as traders bet on short-lived shutdown
Traders work at the New York Stock Exchange on Oct. 1, 2025. NYSE The S&P 500 closed at a record high on Wednesday as traders were hopeful that a U.S. federal government shutdown would be brief and possibly have little impact on the economy. The broad market index gained 0.34% to close at 6,711.20. Earlier, […]
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Private payrolls declined in September by 32,000 in key ADP report coming amid shutdown data blackout
Private payrolls saw their biggest decline in two-and-a-half years during September, a further sign of labor market weakening that compounds the data blackout accompanying the U.S. government shutdown. Companies shed a seasonally adjusted 32,000 jobs during the month, the biggest slide since March 2023, payrolls processing firm ADP reported Wednesday. Economists surveyed by Dow Jones […]
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Startup founders share how they bounced back from failure: ‘I lost a lot of my identity’
Over two-thirds of startup founders have a fear of failure, per the Founder Resilience Research Report, 2024. Skynesher | E+ | Getty Images Startup founders face immense pressure to succeed, but it can be even more challenging to let go of a failed business and find success after. Building a startup has always been risky. […]
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Ken Griffin says more tariff impact on inflation is still ahead, Fed should be independent
Billionaire Wall Street titan Ken Griffin believes the full impact of tariffs on inflation have not been felt yet, and he only sees one more rate cut from the Federal Reserve this year. The founder and CEO of Citadel said Thursday only about half of the inflationary impact from President Donald Trump’s wide-spreading levies on […]
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Starbucks to close stores, lay off workers in $1 billion restructuring plan
In the message to employees Thursday, Niccol said the company had reviewed and identified stores where the company would be “unable to to create the physical environment our customers and partners expect, or where we don’t see a path to financial performance.” Starbucks executives had previously said that the company would be slowing new openings […]
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Trump OMB orders preparation for mass firings of federal workers if government shuts down
The U.S. Capitol in Washington, D.C., is seen on a cloudy and foggy morning, March 6, 2024. Kevin Dietsch | Getty Images The White House warned federal agencies to prepare for mass firings if Congress does not reach a deal to fund the government before next Wednesday. A memo released Wednesday by the Office of […]
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