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New China tariffs announced during government shutdown and AI valuation debate are a ‘perfect storm coming together,' top economist says FortuneTrump's new 100% tariffs on China triggered an $18 billion crypto sell-off CNNCrypto's Record Selloff Sparks Intrigue Over Who Got Wiped Out Bloomberg.comMarket sell-off: Trump post lops off $2 trillion from stocks in a single day CNBC
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Trump said Saturday the White House has "identified the funds" to ensure troops receive their paychecks on Oct. 15.
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The federal government began sending layoff notices Friday to about 4,200 employees across multiple agencies.
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Trump officials say "substantial" federal worker layoffs have begun AxiosTrump administration issues layoff notices to more than 4,000 workers during government shutdown BBCVought sounds layoff siren: ‘The RIFs have begun' PoliticoTrump's promised shutdown layoffs lead to at least 4,200 cuts at seven agencies Government ExecutiveTrump news at a glance: layoffs for federal workers begin and president threatens China with tariffs The Guardian
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White House budget director Russell Vought said reductions in force were underway.
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Federal workers may not be entitled to back pay after the government shutdown ends, the Trump administration's budget office wrote in a new draft memo obtained by The Washington Post, ratcheting up tensions in Washington over the week-long closure of dozens of federal agencies.
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