Government shutdown blocks key GDP data release – what do the Fed's models say about economic growth?
The ongoing government shutdown has delayed the official third-quarter GDP report release, although real-time estimates from a pair of Federal Reserve banks suggest the economy grew.
Dozens of American manufacturing associations urge congressional leaders to reopen federal government
Thirty state manufacturing groups are urging Congress to end the ongoing government shutdown, which they say is disrupting operations and regulatory approvals.
Hotel industry reeling as government shutdown puts millions of workers on edge
Government shutdown devastates hotel industry with $650 million in losses and $31 million in daily economic damage as the holiday season approaches.
Treasury touts progress reducing federal spending under Trump administration
The Treasury Department reported federal spending growth has declined under President Trump with outlays falling 2.5% in the third quarter of 2025 compared to Biden era increases.
California homeless crisis: DOJ accuses real estate developers of $50M funding fraud
Cody Holmes and Steven Taylor face federal fraud charges for allegedly stealing millions in California homelessness funds meant for housing projects that were never built.
Business groups warns government shutdown is 'harming small businesses and costing American economic growth'
Business groups including the U.S. Chamber of Commerce are warning that the ongoing government shutdown is harming small businesses and costing American economic growth.
Trump admin plans IRS overhaul to probe left-leaning groups more easily, WSJ reports
President Donald Trump's administration is installing allies in the IRS criminal division to investigate left-leaning organizations they believe fund protests.
Bessent says government shutdown 'starting to cut into muscle' and economy may be losing billions per day
Treasury Secretary Scott Bessent warned the ongoing government shutdown could cost the U.S. economy up to $15 billion weekly as it enters its third week.
Trump official says federal job cuts will top 10K during shutdown as judge puts firings on hold
Trump budget chief Russell Vought predicted federal job cuts will surpass 10,000 during shutdown, but District Judge Susan Illston blocked layoffs at over 30 agencies temporarily.
Prediction markets see cloudy outlook as traders bet on extended shutdown
Traders on Kalshi and Polymarket are betting the federal government shutdown will extend into next month, with 65% expecting it to last until Oct. 31.
The government is shut down but the tax filing extension deadline remains
The government shutdown does not extend the October 15 tax filing deadline for taxpayers who requested extensions earlier this year for their 2024 tax returns.
Sweeping layoffs 'have begun' as government shutdown drags on
Trump administration blames Democrats for funding stalemate triggering federal layoffs, as National Economic Council director Kevin Hassett warns of permanent RIFs.
The US economy saw 'essentially no job growth' last month: Moody's
Moody's Analytics chief economist Mark Zandi warned that U.S. job creation is slowing as the government shutdown prevented the release of the BLS' September jobs report.
Social Security Commissioner Frank Bisignano named IRS CEO
Social Security Commissioner Frank Bisignano is set to take on a second role in the Trump administration as he was named the CEO of the Internal Revenue Service.
How much do government shutdowns cost American taxpayers?
The federal government shutdown that began Oct. 1 may cost American taxpayers billions in back pay and administrative expenses, based on past shutdowns.
Government shutdown begins but analysts say markets historically weather disruptions well
Financial markets are expected to remain relatively unfazed by the government shutdown, with the S&P 500 historically posting positive returns during past shutdowns.
A government shutdown is looming: How does it impact the economy?
A federal government shutdown may begin at midnight barring action by Congress, potentially sparking concerns about the economic impact though past shutdowns had little impact.
RadioShack, Pier 1 Imports owners accused of operating $112 million Ponzi scheme
Retail Ecommerce Ventures co-founders face SEC fraud charges for allegedly duping investors out of $112 million through bankrupt retail brand purchases.
Tylenol maker shares sink as RFK's HHS links drug to autism
Kenvue, parent company of Tylenol-maker McNeil Consumer Healthcare, saw its shares sink ahead of the official announcement by Robert F. Kennedy Jr.'s HHS linking the drug to autism.
Nationwide health alert issued for Trader Joe's turkey wraps over listeria concerns
Food safety officials warn consumers about Trader Joe's turkey wrap products that may be contaminated with listeria monocytogenes bacteria.