federal furloughs

The White House has confirmed that federal layoffs have commenced as a result of the ongoing government shutdown. According to a statement released on Friday by the head of the White House Office of Management and Budget (OMB), the process of reducing the federal workforce through layoffs has officially begun....

As the possibility of a government shutdown looms large, investors are once again bracing for the potential economic fallout. While markets have historically shrugged off threats of a shutdown, the current situation may have more significant implications than usual. A prolonged shutdown could lead to a ripple effect on the...