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FEDERAL GOVERNMENT REORGANIZATION
Trump weighs Spirit Airlines takeover, eyes resale after oil price drop report saysPresident Donald Trump is exploring a government takeover of Spirit Airlines. The plan involves buying the struggling airline with taxpayer...- Trump administration to rejoin offshore drilling agencies separated after 2010 Gulf oil spillThe Trump administration is merging two agencies that were split after the 2010 Gulf oil spill. This move aims to boost efficiency and expe...
- Mass firings rock US health department after Supreme Court's decision; RFK Jr fires two top aidesThousands of employees across US Department of Health and Human Services were terminated Monday evening after the US Supreme Court ruled la...
- Trump’s State department firing begins: Over 1,300 jobs slashed in latest layoff waveThe Trump administration is going to fire over 1,300 employees at the US State Department in its latest round of federal job cuts and this ...
- US Supreme Court lets Trump pursue mass federal layoffsThe Supreme Court has granted the Trump administration the authority to proceed with mass federal job cuts and agency restructuring, overtu...
- US court won't lift judge's block on Trump's government overhaulA U.S. appeals court upheld a block on the Trump administration's plans for mass federal worker layoffs and agency restructuring. The court...
- US judge blocks Trump’s mass federal layoffs across 22 agencies, citing violation of Congressional mandatesA federal judge has extended an order, blocking President Trump's plan to lay off tens of thousands of federal workers across 22 agencies. ...
- Big blow to Trump as judge blocks explosive move to axe Education Department — mass firings paused, legal battle looms, here’s what’s nextPresident Trump’s plan to dismantle the Department of Education has been blocked by a federal judge, who ruled that the administration cann...
- US judge temporarily blocks Trump plans for mass layoffsA U.S. judge has temporarily blocked federal agencies from proceeding with mass layoffs of government workers ordered by President Trump, c...
- Donald Trump's second round of mass firings of federal workers coming within weeks; here's when the sackings will take place and who all will be impactedThe Trump administration plans a second wave of mass layoffs across federal agencies, targeting thousands of employees. Agencies like NASA ...
- NASA announces DOGE revamp with mass layoffs and department shutdowns in cost-cutting move; here are the key divisions that will be shutteredNASA has started a major workforce restructuring effort, closing three departments and laying off 23 employees as part of the Trump adminis...
- How Elon Musk's US government efficiency panel might workPresident-elect Donald Trump has appointed Elon Musk and Vivek Ramaswamy to head a new panel aimed at streamlining the U.S. government. The...
- Citi Q1 Results: Profit drops as costs rise for employee severance, deposit insuranceCitigroup's profit fell in the first quarter as it spent more on severance payments for laid-off employees and set aside money to refill a ...
- A flood of business bankruptcies likely in coming monthsCompanies forced to close or curtail business due to government attempts to stop the virus's spread have mounting debts and uncertain prosp...
- GM to launch massive stock offering Thursday: SourceUS automaker General Motors is expected to take a leap away from government control on Thursday with a share sale that promises to be one o...
- CIT Group says CEO Peek plans to resignCIT Group Inc., struggling as it continues efforts to restructure its debt, said Tuesday chairman and CEO Jeffrey M. Peek will resign at th...
- GM eyes possible bankruptcy: WSJTroubled US automaker General Motors is set to renegotiate a less advantageous deal with bondholders to restructure its debt, but a bankrup...
- $6 bn bailout package for US auto giant GMThe US Treasury Department has announced that it would commit $6 billion to supporting GMAC LLC, the financing arm of General Motors Corp.,...
- Want a federal bailout? Why not bankruptcy, too?What's so bad about bankruptcy as an alternative to big bailouts for automakers or other critical U.S. companies? Frozen credit and the har...
- Chrysler says it could go under without loanChrysler CEO Robert Nardelli says the automaker needs immediate federal help or its cash could fall short of the amount needed to stay in b...
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