financetom
Business
financetom
/
Business
/
Top Wall St regulator says he will review White House call for layoff plans
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Top Wall St regulator says he will review White House call for layoff plans
Sep 25, 2025 4:13 PM

WASHINGTON (Reuters) -The head of the U.S. Securities and Exchange Commission said on Thursday he had yet to review a call from the White House for mass layoffs at federal agencies during a possible government shutdown but believed the agency was working to meet President Donald Trump's priorities.

The remarks came a day after the White House's Office of Management and Budget released a memo instructing agencies to plan for the permanent elimination of large parts of the federal work force - in particular, those working in unfunded programs deemed not to fit presidential priorities - if Congress allows funding to lapse next week.

"Well, I haven't actually seen what came out but you know, I think we'll take a look at it, obviously," SEC Chairman Paul Atkins told reporters, adding that the multiple functions currently performed by the agency were "in keeping with the president's priorities."

"Our first job is to make sure that we can fulfill all of the demands that everyone's placing on us, frankly."

Since Trump took office, the SEC has seen sharp but entirely voluntary reductions in staffing, arguing that these should help meet White House calls to shrink the federal work force that elsewhere have seen employees dismissed en masse.

Under Atkins, the SEC has also launched a broad-based mission to support the development of the cryptocurrency sector, which Trump has embraced, reined in enforcement of market players and delayed the effective dates for several regulations adopted by the prior administration.

(Reporting by Douglas Gillison in Washington; Editing by Lincoln Feast.)

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 >
Agnico Eagle Mines Sells Stake in Royal Road Minerals
Agnico Eagle Mines Sells Stake in Royal Road Minerals
Sep 29, 2025
08:03 AM EDT, 09/29/2025 (MT Newswires) -- Agnico Eagle Mines ( AEM ) said Monday it sold its stake of about 18% in Royal Road Minerals for a total consideration of 5.51 million Canadian dollars ($3.96 million). The company said it sold 47.94 million common shares at CA$0.115 per share and it does not have plans to acquire shares or...
Apollo Global's Athene to Enter Block Reinsurance Deal With Japan's Sony Life
Apollo Global's Athene to Enter Block Reinsurance Deal With Japan's Sony Life
Sep 29, 2025
08:01 AM EDT, 09/29/2025 (MT Newswires) -- Apollo Global Management ( APO ) unit Athene said Monday it plans to enter a block reinsurance transaction with Japan's Sony Life Insurance. As part of the deal, Athene will reinsure an in-force block of US dollar-denominated whole life insurance policies and sign an agreement with Swiss Re to retrocede all mortality risk...
Electronic Arts to go private in $55 billion deal with PIF, Silver Lake
Electronic Arts to go private in $55 billion deal with PIF, Silver Lake
Sep 29, 2025
Sept 29 (Reuters) - Videogame publisher Electronic Arts ( EA ) said on Monday it has agreed to be taken private by a consortium that included private equity firm Silver Lake, Saudi Arabia's Public Investment Fund and Affinity Partners for $55 billion. ...
ACM Research's Shanghai Subsidiary Reports 34% Increase in Total Backlog
ACM Research's Shanghai Subsidiary Reports 34% Increase in Total Backlog
Sep 29, 2025
08:03 AM EDT, 09/29/2025 (MT Newswires) -- ACM Research ( ACMR ) said Monday its operating subsidiary ACM Research Shanghai's total backlog increased 34.1% from a year earlier to 9.07 billion Chinese renminbi ($1.27 billion), as of Monday. Shares of ACM Research ( ACMR ) were up more than 1% in recent Monday pre-bell activity. Price: 130.54, Change: +1.31, Percent...
Copyright 2023-2026 - www.financetom.com All Rights Reserved