Tag: shutdown
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OMB Confirms Substantial Federal Employee Reductions Amid Shutdown
Background: a shutdown shifts the usual dynamics of federal staffing The federal government is navigating a rare terrain where a funding lapse coincides with active workforce reductions. Traditionally, shutdowns result in furloughs or continued work with back pay once funding resumes. This time, the Office of Management and Budget (OMB) has circulated a memo suggesting…
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When the Tower is Unstaffed: Is the U.S. Shutdown the Breaking Point for Air Travel?
Overview: The unstaffed tower at Burbank On Monday, Hollywood Burbank Airport in Southern California faced an unprecedented disruption as its air traffic control tower went unstaffed for several hours. The FAA confirmed that flights were delayed by roughly two hours due to staffing gaps, with the tower reporting zero air traffic controllers for a window…
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Pole Positions and Policy Pivots: Markets on the Edge
Market Snapshots Weekend to Week Ahead The global financial stage was crowded this weekend, with political and policy pivots sending ripples through equities, currencies and commodities. From Tokyo to Washington, traders are recalibrating bets as new leadership, energy policy tweaks, and budget-uncertainty themes converge. Japan: Takaichi’s Rise and the Abenomics Question In Tokyo, Sanae Takaichi…
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Shutdown Threatens Billions in NY and California Funding
Overview: A Budget Standoff Reaches the Real World WASHINGTON — As the United States endures a budget shutdown that has paused many federal services, officials say billions promised for New York’s public transit and California’s green-energy ambitions may be pulled back. The move underscores how the current stalemate in Congress translates into tangible consequences for…
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US Government Shutdown Threat Looms as Funding Talks Stall
What Triggers the Shutdown As the fiscal year nears its end, lawmakers faced a hard deadline to approve funding for the government. A spending bill intended to keep federal operations running into the new year failed to pass before the cutoff, leaving Congress with a temporary funding measure that does not have durable support. With…