Bank of America cuts 150 junior jobs in investment banking
Bank of America has eliminated 150 junior bankers employment at investment banks, two sources familiar with the matter told Reuters on Tuesday. The bank's latest cuts follow similar exercises at rivals JPMorgan and Goldman Sachs, part of the annual process to reduce performance degradation. However, trading volume is below forecasts for the first half of […]
Pentagon clips civilian employees’ credit cards in line with DOGE cuts
The Department of Defense effectively banned civilian employees from effectively banning taxpayer-funded purchases, according to a new memo. The government-issued travel and purchase cards for federal civilian employees have dropped to $1, according to instructions posted on the Department of Defense website. “DOD civilian employees are required to cancel all official travel reservations that are […]
NPS leaders plan 30 percent payroll cuts
Click on the details from the hill. {beacon} Energy and the environment Energy and the environment First on the hill NPS Leaders Plan to Cut Salary by 30% The Trump administration is paying attention Major pay cuts at the National Park Serviceinforming you of the major cuts at high-profile institutions heading into the warmer […]
Former USAID employees on cuts: 'We are going to put lives in jeopardy'
Two former US Agency for International Development (USAID), who was fired last month, said on Monday that Marco Rubio, whose spending cuts had been announced to “risk his life.” “When we say we're going to cut 83% of USAID's programs, I think we're trying to put our lives at risk when we're talking about life-saving […]
20 state AGs sue to halt Trump’s DOGE cuts to federal workforce; WH reacts
The White House remained steady on its doge agenda after 20 Democrat Attorney Generals worked together on Friday to file a lawsuit challenging the legality of cutting plans against the federal workforce. “The Democrats have no plans on how to recover from embarrassing losses, and that shows,” White House principal Harrison Fields said Monday. “Instead […]
Democrats unveil bill to reinstate veterans fired in Trump workforce cuts
Senate Democrats are pushing for measures to revive veterans who have been recently fired from the federal government, part of President Trump's drastic move to significantly reduce the federal workforce. The mass shootings led by tech billionaire and White House advisor Elon Musk have affected an estimated 6,000 veterans. The total accounts for around 30% […]
Trump administration's funding, staff cuts spark concerns over Colorado River
The freeze on federal funding and cuts in staffing have issued warnings about the future of the Colorado River. This is an important artery that supplies water to 30 tribes in the western United States and seven tribes in seven states and seven states in Mexico. As local states negotiate long-term operational guidelines for 1,450 […]
Ivy League school in hot water after Trump admin funding cuts over antisemitism concerns
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House GOP seeks spending cuts in plan to avert shutdown as deadline looms
House Republicans announced Saturday Six-month suspension government funding plancalling for de-evacuation programs and IRS reductions. The bill rollout will launch a critical stretch for GOP leadership to lock down support ahead of Friday's closure deadline with a Trump-backed strategy that sparked Democrats' rage. The plan is trying to maintain government funding until September. While it […]
Bannon: DOGE 'waste, fraud, abuse’ cuts not enough to curb inflation
Steve Bannon said Government Efficiency (DOGE) should adjust its target of reducing trillions of dollars in federal waste and reducing the proposed amount to the $1 billion category to curb inflation. “This isn't a smear to Doge. I love what Doge is trying to do, but waste, fraud and abuse won't be worth a trillion […]