Trump ramps up plan to shrink federal workforce
The White House lifts a hiring pause while directing agencies to cut staff use buyouts layoffs and restructuring without immediate Congress approval. Mulvaney says agencies can move quickly to reduce payroll and redraw org charts though some steps require union negotiations and OPM rubber stamps. The plan faces partisan pushback as critics warn of morale damage and weakened services.
MENTIONED IN THIS ARTICLE
Washington
White House
Congress
Office of Management and Budget
Mick Mulvaney
Donald Trump
Paign
Office of Personnel Management
Jeffrey Neal
Department of Homeland Security
ICE
Defense, Veterans Affairs
Parts of Homeland Security
Trump
Capitol Hill
Mulvaney
Administration
Richard Nixon
Bill Hoagland
Bipartisan Policy Center
Senate
Hoagland
House
Kevin McCarthy
R-Calif
Chuck Schumer
D-N.y
OMB
U.S
Elijah Cummings
D-Md
Oversight and Government Reform Committee
Interior
Ryan Zinke
Luxury cars steal the show at New York auto show
Koenigsegg unveils the Agera RS1 with 1360 horsepower and 2 million price tag. Spyker debuts the C8 Predator at 429000 with a Koenigsegg sourced V8 and a manual gearbox. Lucid Motors showcases the Air EV with up to 400 miles range and 1000 horsepower aiming to start at 52500 after tax credit in 2019. Lucid plans Casa Grande Arizona factory and up to 130000 vehicles annually by 2022.
MENTIONED IN THIS ARTICLE
New York
New York International
Koenigsegg Automotive
Sweden
Spyker Ltd
Koenigsegg
Victor Muller
Tesla
Lucid Motors
Lucid
Menlo Park
Calif
Peter Rawlinson
Casa Grande
Ariz
Croatia
Banks Lift Profits as Higher Rates Buoy Lending Revenue
JPMorgan beat expectations with a $1.51 per share profit as net revenue rose to $25.59 billion on a managed basis and interest income climbed to $12.39 billion. Wells Fargo and Citigroup also reported higher interest income though Wells saw flat net income amid a sales scandal legacy.
MENTIONED IN THIS ARTICLE
Jpmorgan
Federal Reserve
Wells Fargo
Citigroup
Wall Street
FactSet
Wells
New York
Citi
Michael Corbat
Trump signals wary stance on China and trade policy shifts
President Trump questions linking China currency moves to North Korea talks and reverses stance on the Export Import Bank, acknowledging small businesses and a taxpayer profit. He references continuing trade tensions, NAFTA effects, and the need to respect existing pacts while weighing broader U. S. interests.
MENTIONED IN THIS ARTICLE
China
North Korea
Trump
Brookings
Meltzer
U.S
Obama
Robert Lighthizer
America
NAFTA
Mexico
U.s.-Mexico
Posen
Peterson Institute
Josiah ‘Jed” Bartlet
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State Department
Environmental Protection Agency
N.Y
The
Associated Press
Boutique Exotics
Umac
Jamie Dimon
Tim Sloan
San Francisco