financetom
Business
financetom
/
Business
/
Market Chatter: Trump Administration Directs Agencies to Find More DEI Positions to Eliminate
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Market Chatter: Trump Administration Directs Agencies to Find More DEI Positions to Eliminate
Jan 30, 2025 5:01 AM

07:37 AM EST, 01/30/2025 (MT Newswires) -- The Trump administration has instructed federal agencies to find more diversity, equity and inclusion workers to weed out of the government, The Wall Street Journal reported Thursday, citing a US Office of Personnel management meeting.

In a follow up meeting Tuesday to last week's when the OPM required federal agencies to close offices that focused on DEI accessibility and place employees of those divisions on paid administrative leave by Jan. 22, agencies were asked to identify additional staff who worked on those areas, The Wall Street Journal reported, and that employee resource groups, such as for Black or LGBTQ staff, cannot hold meetings during working hours or use government resources.

Several agencies, including the Defense Intelligence Agency and the IRS, have removed mentions of diversity from internal documents and halted associated programs, the report said.

White House press secretary Karoline Leavitt stated the initiative is intended to reestablish "a merit-based" system, The Wall Street Journal reported.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Failed Wall Street trades rate roughly stable under faster settlement
Failed Wall Street trades rate roughly stable under faster settlement
May 30, 2024
NEW YORK (Reuters) - The rate of U.S. failed trades stood at 1.90% on Wednesday, a big test day for the recently implemented faster settlement cycle, roughly stable from Friday's number, Depository Trust & Clearing Corporation (DTCC) showed this morning. Market participants were expecting it to increase to 4.1% after T+1 implementation, from 2.9%, according to research firm ValueExchange. On...
Sector Update: Consumer
Sector Update: Consumer
May 30, 2024
01:31 PM EDT, 05/30/2024 (MT Newswires) -- Consumer stocks were rising Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.7%. In corporate news, Best Buy's ( BBY ) fiscal Q1 earnings grew more than the market forecast, and its guidance for fiscal 2025 was in...
Failed Wall Street trades rate roughly stable under faster settlement
Failed Wall Street trades rate roughly stable under faster settlement
May 30, 2024
NEW YORK, May 30 (Reuters) - The rate of U.S. failed trades stood at 1.90% on Wednesday, a big test day for the recently implemented faster settlement cycle, roughly stable from Friday's number, Depository Trust & Clearing Corporation (DTCC) showed this morning. Market participants were expecting it to increase to 4.1% after T+1 implementation, from 2.9%, according to research firm...
Toronto-Dominion Bank Outlook Revised to 'Negative' On Risk Management, Controls Weaknesses
Toronto-Dominion Bank Outlook Revised to 'Negative' On Risk Management, Controls Weaknesses
May 30, 2024
01:28 PM EDT, 05/30/2024 (MT Newswires) -- S&P Global Ratings on Wednesday revised its outlook on Toronto-Dominion Bank ( MLWIQXX ) to negative from stable and affirmed its AA-/A-1+ long- and short-term issuer credit ratings on the bank and its subsidiaries. The negative outlook reflects that there is a one-in-three chance we could lower the ratings on TD Bank in...
Copyright 2023-2026 - www.financetom.com All Rights Reserved