World PulseNow
Newsletter

Rep. Sherman: Shutdown Layoffs 'An Act of Vandalism'

Bloomberg•Friday, October 10, 2025 at 7:50:13 PM
NegativeFinancial Markets
Rep. Sherman: Shutdown Layoffs 'An Act of Vandalism'
The ongoing government shutdown, now in its 10th day, has led to significant layoffs of federal workers, with the White House confirming job cuts at key agencies like Health and Human Services, Homeland Security, and Commerce. White House Budget Director Russell Vought announced the start of these layoffs, which he referred to as reductions in force. This situation is alarming as it not only affects thousands of employees but also raises concerns about the impact on essential services and the economy. The term 'vandalism' used by Rep. Sherman highlights the severity of the situation and the frustration felt by many.
— Curated by the World Pulse Now AI Editorial System
Read Original

Was this article worth reading? Share it

Recommended Readings
White House Signals Federal Layoffs Have Begun Amid Government Shutdown
The New York Times6 hours ago
White House Signals Federal Layoffs Have Begun Amid Government Shutdown
NegativeFinancial Markets
The White House has indicated that federal layoffs have started as a result of the ongoing government shutdown. This situation is concerning as it not only affects the livelihoods of federal employees but also has broader implications for government services and the economy. The shutdown highlights the urgent need for a budget agreement to prevent further disruptions and ensure that essential services continue to operate.
Read full article
via The New York Times
White House lays off thousands of US government workers, blaming shutdown
Investing.com6 hours ago
White House lays off thousands of US government workers, blaming shutdown
NegativeFinancial Markets
The White House has announced significant layoffs affecting thousands of US government workers, attributing the decision to the ongoing government shutdown. This move raises concerns about the impact on public services and the livelihoods of those affected. As the shutdown continues, the implications for federal operations and employee morale are becoming increasingly serious, highlighting the urgent need for a resolution.
Read full article
via Investing.com
Trump snub prompts furious White House response: ‘The Nobel Committee proved they place politics over peace’
Fortune16 hours ago
Trump snub prompts furious White House response: ‘The Nobel Committee proved they place politics over peace’
NegativeFinancial Markets
The recent decision by the Nobel Committee to award Venezuelan opposition leader María Corina Machado has sparked a furious response from the White House, with officials accusing the committee of prioritizing politics over genuine peace efforts. This controversy highlights the ongoing tensions surrounding Venezuela's political landscape and raises questions about the role of international awards in influencing political narratives.
Read full article
via Fortune
Trump to announce U.S. drug pricing deal at White House on Friday
Investing.com17 hours ago
Trump to announce U.S. drug pricing deal at White House on Friday
PositiveFinancial Markets
On Friday, Trump is set to unveil a significant drug pricing deal at the White House, a move that could reshape healthcare costs for millions of Americans. This announcement is crucial as it aims to address the rising prices of prescription medications, making them more affordable and accessible. The deal is expected to have bipartisan support, reflecting a growing consensus on the need for reform in the healthcare sector.
Read full article
via Investing.com
White House Accuses Nobel Committee Of ‘Politics Over Peace’ After Trump Campaign For Peace Prize
Forbes19 hours ago
White House Accuses Nobel Committee Of ‘Politics Over Peace’ After Trump Campaign For Peace Prize
NegativeFinancial Markets
The White House has criticized the Nobel Committee for prioritizing politics over genuine peace after awarding the Nobel Peace Prize to Venezuelan opposition leader Maria Corina Machado. This decision has sparked controversy, as it raises questions about the motivations behind such awards and their implications for international relations. The situation in Venezuela remains tense, and the recognition of Machado could influence the political landscape, making this award a significant topic of discussion.
Read full article
via Forbes
Stephen Miller Cited ‘Plenary Authority,’ Then Paused. Conspiracy Theories Started Flying.
The New York Times2 days ago
Stephen Miller Cited ‘Plenary Authority,’ Then Paused. Conspiracy Theories Started Flying.
NeutralFinancial Markets
Stephen Miller, the White House deputy chief of staff, sparked online speculation during a CNN broadcast when he mentioned 'plenary authority' and then paused, leading some to wonder if he misspoke. CNN later clarified that a technical glitch was to blame for the awkward moment. This incident highlights the ongoing scrutiny public figures face and how quickly conspiracy theories can emerge in the digital age.
Read full article
via The New York Times
What is antifa, the ‘terrorist’ group targeted by Donald Trump?
Financial Times2 days ago
What is antifa, the ‘terrorist’ group targeted by Donald Trump?
NegativeFinancial Markets
The White House has labeled antifa as a 'leftwing terror threat,' claiming it poses a significant danger to the United States. However, data suggests that this characterization may not be entirely accurate. This situation is crucial as it reflects the ongoing political tensions and the government's approach to domestic groups, raising questions about freedom of expression and the definition of terrorism.
Read full article
via Financial Times
Jensen Huang Just Declared an ‘AI Industrial Revolution’ — and He’s Not Backing Down From Trump or China
Finance Monthly3 days ago
Jensen Huang Just Declared an ‘AI Industrial Revolution’ — and He’s Not Backing Down From Trump or China
PositiveFinancial Markets
Jensen Huang, the CEO of Nvidia, has boldly declared an 'AI Industrial Revolution' during a recent summit at the White House, where he shared the stage with Donald Trump. This announcement highlights the significant advancements in artificial intelligence and its potential to reshape industries and economies. Huang's confidence in AI's future, coupled with his willingness to engage with political figures like Trump and address challenges posed by China, underscores the urgency and importance of AI development in today's global landscape.
Read full article
via Finance Monthly
Government Shutdown: Mike Johnson Refutes White House Threat To Withhold Pay From Furloughed Workers
Forbes3 days ago
Government Shutdown: Mike Johnson Refutes White House Threat To Withhold Pay From Furloughed Workers
NegativeFinancial Markets
The government shutdown that started on October 1 has left many workers in limbo, with Mike Johnson stepping up to refute claims from the White House about withholding pay from furloughed employees. This situation highlights the ongoing struggle between Democrats and Republicans to reach a funding agreement, which is crucial for the functioning of government services and the livelihoods of many Americans.
Read full article
via Forbes
Latest from Financial Markets
Trump ratchets up US-China trade war, promising new tariffs
Investing.coman hour ago
Trump ratchets up US-China trade war, promising new tariffs
NegativeFinancial Markets
Former President Trump has intensified the ongoing trade war between the U.S. and China by promising new tariffs on Chinese goods. This move could escalate tensions further, impacting global markets and trade relations. The implications of such tariffs could lead to increased prices for consumers and strain economic ties, making it a significant development in international trade.
Read full article
via Investing.com
What price loyalty? UK supermarket cards rated
The Guardian2 hours ago
What price loyalty? UK supermarket cards rated
NeutralFinancial Markets
As grocery prices continue to rise, a recent evaluation of loyalty programs like Tesco's Clubcard and Sainsbury's Nectar reveals their potential benefits for consumers. With discounts on popular items, these schemes may help shoppers save money amidst increasing costs. Understanding the value of these loyalty cards is crucial for consumers looking to make informed choices about their grocery shopping.
Read full article
via The Guardian
Central London’s Exorbitant Rents Are Starting to Spill Over
Bloomberg2 hours ago
Central London’s Exorbitant Rents Are Starting to Spill Over
NegativeFinancial Markets
Central London's skyrocketing rents are becoming a pressing issue, as only the wealthiest tenants can afford to live in the city's most desirable neighborhoods. This trend is causing a ripple effect, pushing many residents to seek housing in less expensive areas, which could lead to significant changes in community dynamics and local economies. It's a situation that highlights the growing divide in urban living costs and raises questions about affordability and accessibility in one of the world's major cities.
Read full article
via Bloomberg
Trump Threatens 100% Tariffs on Chinese Goods
The New York Times2 hours ago
Trump Threatens 100% Tariffs on Chinese Goods
NegativeFinancial Markets
Former President Donald Trump has threatened to impose 100% tariffs on Chinese goods, a move that could escalate trade tensions between the U.S. and China. This threat comes as part of his ongoing criticism of China's trade practices, which he claims harm American businesses and workers. If implemented, such tariffs could lead to increased prices for consumers and further strain the already complicated U.S.-China relationship, making it a significant issue for both economies.
Read full article
via The New York Times
Trump threatens to impose additional 100% tariff on China and scrap Xi talks
France 242 hours ago
Trump threatens to impose additional 100% tariff on China and scrap Xi talks
NegativeFinancial Markets
US President Donald Trump has escalated tensions with China by threatening to impose a staggering 100% tariff on Chinese imports, effective November 1 or sooner. This move comes in response to China's new export controls on rare earth elements, which are crucial for various industries. Trump's comments also cast uncertainty on his planned meeting with Chinese leader Xi Jinping during his upcoming trip to South Korea. This situation is significant as it could further strain US-China relations and impact global markets.
Read full article
via France 24
Los Angeles Times Moves Closer to a Public Stock Offering
The New York Times2 hours ago
Los Angeles Times Moves Closer to a Public Stock Offering
PositiveFinancial Markets
The Los Angeles Times is taking significant steps towards a public stock offering, which could mark a new chapter in its financial journey. This move is important as it may provide the newspaper with the capital needed to invest in quality journalism and expand its reach, ultimately benefiting its readership and the media landscape.
Read full article
via The New York Times