financetom
Economy
financetom
/
Economy
/
White House says layoffs will start if Trump sees shutdown talks 'going nowhere'
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
White House says layoffs will start if Trump sees shutdown talks 'going nowhere'
Oct 5, 2025 6:58 AM

WASHINGTON (Reuters) -The Trump administration will start mass layoffs of federal workers if President Donald Trump decides negotiations with congressional Democrats are "absolutely going nowhere," White House National Economic Council Director Kevin Hassett said.

But Hassett told CNN's "State of the Union" program that he still saw a chance that Democrats would back down, averting a costly shutdown and layoffs.

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 >
US manufacturing output rises marginally in February
US manufacturing output rises marginally in February
Mar 16, 2026
WASHINGTON, March 16 (Reuters) - U.S. factory production increased marginally in February as strength in motor vehicle output was offset by weakness in machinery, data showed on Monday. Manufacturing output rose 0.2% last month after an upwardly revised 0.8% gain in January, the Federal Reserve said. Economists polled by Reuters had forecast production for the sector, which accounts for 10.1%...
US Dollar Falls Early Monday, Focus on FOMC This Week
US Dollar Falls Early Monday, Focus on FOMC This Week
Mar 16, 2026
07:44 AM EDT, 03/16/2026 (MT Newswires) -- The US dollar fell against its major trading partners early Monday as attention turned to the outcome of the two-day Federal Open Market Committee meeting concluding Wednesday, where a 99.1% chance of no reduction in the current 3.50% to 3.75% federal funds rate is being priced in. Monday's highlights include the New York...
Exclusive-US, China discuss farm goods, managed trade in 'remarkably stable' Paris talks, sources say
Exclusive-US, China discuss farm goods, managed trade in 'remarkably stable' Paris talks, sources say
Mar 16, 2026
PARIS, March 15 (Reuters) - Top U.S. and Chinese economic officials held remarkably stable talks in Paris on Sunday that touched on potential areas of agreement in agriculture, critical minerals and managed trade for U.S. President Donald Trump and Chinese President Xi Jinping to consider in Beijing, two sources familiar with the talks said. The sources told Reuters that the...
Exclusive-US, China discuss farm goods, managed trade in 'remarkably stable' Paris talks, sources say
Exclusive-US, China discuss farm goods, managed trade in 'remarkably stable' Paris talks, sources say
Mar 16, 2026
PARIS, March 15 (Reuters) - Top U.S. and Chinese economic officials held remarkably stable talks in Paris on Sunday that touched on potential areas of agreement in agriculture, critical minerals and managed trade for U.S. President Donald Trump and Chinese President Xi Jinping to consider in Beijing, two sources familiar with the talks said. The sources told Reuters that the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved