The S&P 500 is on the cusp of closing in a correction, or a 10% drop from its February high. Constantly moving goal posts on tariffs and trade have rattled investors.
Category: Government Efficiency Department (US)
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Inside Trump’s War on the I.R.S.: Dropped Audits and a Skeleton Staff
President Trump is planning to gut the work force while trying to turn the I.R.S. into a more political agency.
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Fired Federal Workers Face a Sluggish Job Market
Unemployment is low, but there isn’t much room to move around — especially for those with highly government-specific skills.
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Government Budget and Staffing Cuts Could Close Facilities in California’s National Forests, Memo Says
A government spreadsheet lists thousands of campsites and trails that could shutter for the summer because of federal government staff reductions and budget freezes.
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Struggling With Errors, DOGE Deletes Billions More From List of Savings
For the second time in a week, Elon Musk’s government overhaul effort updated its “wall of receipts” to remove mistakes that inflated its success.
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Tesla Fires a Manager Who Criticized Elon Musk on Social Media
The employee objected to a post on X by Mr. Musk, Tesla’s chief executive and a top adviser to President Trump, that referred to Nazi leaders.
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U.S. Economy Shows Signs of Strain From Trump’s Tariffs and Spending Cuts
Consumer and business sentiment is wobbling as fiscal support fades and fears rise that tariffs will lead to higher prices.
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What to Know About Filing Your Tax Return as the I.R.S. Sheds Workers
How to avoid delays, check the status of refunds and contact the Internal Revenue Service with problems.