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Department Of Government Efficiency

Business
US Layoffs Surge To 2020 Levels As Economic Turmoil Grows: Study US Layoffs Surge To 2020 Levels As Economic Turmoil Grows: Study
US Layoffs Surge To 2020 Levels As Economic Turmoil Grows: Study Layoffs are sweeping across the country at a pace not seen in years, hitting government workers, retail employees, and tech professionals the hardest, according to a new study. US employers announced 172,017 layoffs in February, the highest total since the height of the COVID-19 pandemic in July 2020, according to a report released by outplacement firm Challenger, Gray & Christmas on Thursday, Mar. 6. Last month's cuts were 245 percent higher than January and more than double the job losses from February 2024. February marked a dramatic spike in job losses, as businesses and federal age…

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by Chris Spiker
Business
Sesame Workshop To 'Downsize Significantly' Amid Funding Cuts, Streaming Partner Loss Sesame Workshop To 'Downsize Significantly' Amid Funding Cuts, Streaming Partner Loss
Sesame Workshop To 'Downsize Significantly' Amid Funding Cuts, Streaming Partner Loss Sesame Workshop, the nonprofit production company behind the beloved children's educational TV show "Sesame Street," is facing major staff cuts after losing key funding. Daily Voice confirmed the layoffs in an email from a Sesame Workshop spokesperson on Wednesday, Mar. 5. The job cuts were first reported by Semafor media editor Max Tani, who obtained an internal staff note from CEO Sherrie Rollins Westin. The spokesperson didn't disclose how many employees were affected. "As production of our 56th season begins next month, we remain as committed as ever to bringin…

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by Chris Spiker
Business
24-Hour Spending Blackout Targets Major Retailers, Politicians As Economic Anxiety Rises 24-Hour Spending Blackout Targets Major Retailers, Politicians As Economic Anxiety Rises
24-Hour Spending Blackout Targets Major Retailers, Politicians As Economic Anxiety Rises A grassroots movement calling on people across the country to pause all non-essential purchases has begun its first "economic blackout" in a protest against corporate greed and financial inequality. The group called The People's Union USA organized the "24-Hour Economic Blackout" on Friday, Feb. 28. Supporters were asked to avoid all non-essential spending, including purchases from major retailers like Amazon, Walmart, Best Buy, and Target, as well as gas and fast food. Supporters of the blackout were asked to only buy "absolutely necessary" items like food, medicine, and eme…

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by Chris Spiker
Business
CFPB Drops Capital One Lawsuit As Trump, Musk Target Federal Watchdog CFPB Drops Capital One Lawsuit As Trump, Musk Target Federal Watchdog
Cfpb Drops Capital One Lawsuit As Trump, Musk Target Federal Watchdog The Consumer Financial Protection Bureau has dropped a lawsuit against Capital One as concerns grow about the federal agency's future. The CFPB will no longer pursue legal action against Capital One, according to a court filing on Thursday, Feb. 27. The case, filed in January, claimed the banking giant misled customers and withheld more than $2 billion in interest payments. The company based in McLean, Virginia, supported the dismissal. "We welcome the CFPB's decision to dismiss this action, which we strongly disputed," a Capital One spokesperson said in a statement to the Daily Voice…

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by Chris Spiker
Politics
21 Resign From Elon Musk's DOGE Saying They Refuse To 'Dismantle Critical Public Services' 21 Resign From Elon Musk's DOGE Saying They Refuse To 'Dismantle Critical Public Services'
21 Resign From Elon Musk's Doge Saying They Refuse To 'Dismantle Critical Public Services' A mass resignation has struck the newly created Department of Government Efficiency
 (DOGE), overseen by billionaire Elon Musk.  “We will not use our skills as technologists to compromise core government systems, jeopardize Americans’ sensitive data, or dismantle critical public services," the group of 21 employees said in a letter addressed to White House Chief of Staff Susie Wiles, according to the Wall Street Journal. The workers reportedly includes product managers, engineers, and data scientists. The development comes amid a wave of legal challenges aimed at halting or …

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by Joe Lombardi
Politics
$5K DOGE Rebate Checks For Americans? Musk, Trump Tease Possible Plan $5K DOGE Rebate Checks For Americans? Musk, Trump Tease Possible Plan
$5K Doge Rebate Checks For Americans? Musk, Trump Tease Possible Plan President Donald Trump is floating the idea of a potential $5,000 rebate for American households, following a suggestion from billionaire Elon Musk that taxpayers should benefit from cost-cutting measures at the federal level. Trump’s remarks came Wednesday, Feb. 19 Miami Beach, Florida, after Musk posted on X that he would “check with the President” about a proposal to distribute tax refund checks funded by savings from the Department of Government Efficiency (DOGE).  The idea was originally suggested by James Fishback, CEO of Azoria Investment, who referred to it as a “DOGE Dividend.…

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by Joe Lombardi
Business
Inflation Climbs To Start 2025, Fueled By Dramatic Egg Price Jump, Fears Over Trump Policies Inflation Climbs To Start 2025, Fueled By Dramatic Egg Price Jump, Fears Over Trump Policies
Inflation Climbs To Start 2025, Fueled By Dramatic Egg Price Jump, Fears Over Trump Policies Inflation unexpectedly accelerated in the first month of 2025, adding political and economic pressure to President Donald Trump's campaign promise of immediate relief to high consumer prices. In January, overall inflation climbed 3.3 percent year-over-year for core items and 0.5 percent monthly, according to data from the Bureau of Labor Statistics released on Wednesday, Feb. 12. That ran slightly ahead of economists' prediction of 3.2 percent inflation, NBC News reported. Core items exclude notably volatile prices for food and energy. The Consumer Price Index (CPI) still inc…

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by Chris Spiker
Politics
Trump Proclaims ‘Liberation Day,’ Reveals Array Of Planned Actions In Inaugural Address Trump Proclaims ‘Liberation Day,’ Reveals Array Of Planned Actions In Inaugural Address
Trump Proclaims ‘Liberation Day,’ Reveals Array Of Planned Actions In Inaugural Address Donald Trump proclaimed “liberation day” in his inaugural address after being sworn in to a second non-consecutive presidential term in the Capitol Rotunda just after noontime on Monday, Jan. 20. Click here for a new, updated story - Trump Ends All Jan. 6 Cases With Pardons, Commutations, Dismissals, Signs Flurry Of Executive Orders  "America will soon be greater, stronger, and far more exceptional than ever before," said Trump, who at age 78, became the oldest person to ever start a presidential term. In the half-hour long speech, he vowed that “the golden age of America begins rig…

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by Joe Lombardi
Politics
Elon Musk, Vivek Ramaswamy Tapped To Head Trump's New Dept. Of Government Efficiency Elon Musk, Vivek Ramaswamy Tapped To Head Trump's New Dept. Of Government Efficiency
Elon Musk, Vivek Ramaswamy Tapped To Head Trump's New Dept. Of Government Efficiency President-Elect Donald Trump continues to fill his cabinet with loyalists and his biggest supporters following his sweeping victory in last week's election.  He announced Tuesday, Nov. 12, that two billionaire former rivals turned allies, Elon Musk and Vivek Ramaswamy, would head up his new Department of Government Efficiency.  Related: Trump Nominates NY Rep. Elise Stefanik As UN Ambassador The tech entrepreneur, age 53, and the 39-year-old Harvard and Yale Law grad will be tasked with major cuts in government spending. Trump called it "The Manhattan Project" for a new…

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by Josh Lanier