Powered by LumidaWealth.com
Lumida News
  • Home
  • EarningsNEW
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us
No Result
View All Result
Lumida News
  • Home
  • EarningsNEW
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us
No Result
View All Result
Lumida News
No Result
View All Result
  • Lumida Wealth
  • Lumida Ledger
  • LUMIDA ETF
  • About Us
Home News Macro

Trump Threatens No Back Pay for Shutdown’s Furloughed Workers

by Team Lumida
October 8, 2025
in Macro
Reading Time: 3 mins read
A A
0
Trump Fires BLS Chief After Weak Jobs Report, Eyes More Fed Influence
Share on TelegramShare on TwitterShare on FacebookShare on LinkedinShare on Whatsapp

Key Takeaways

Powered by lumidawealth.com

  • President Trump suggested that some federal workers furloughed during the government shutdown may not receive back pay, stating “there are some people that really don’t deserve to be taken care of.”
  • The White House Budget Office drafted a memo arguing that the Government Employee Fair Treatment Act of 2019 does not guarantee automatic back pay unless the shutdown-ending bill explicitly appropriates funds for it.
  • Democrats strongly oppose this interpretation, insisting the law clearly entitles furloughed workers to back pay and calling the administration’s stance a violation of the law.
  • The administration has used aggressive tactics during the shutdown, including freezing projects in Democratic states, threatening layoffs, and blaming Democrats for the impasse.
  • Trump indicated “substantial” layoffs could occur if the shutdown continues, with many federal jobs potentially lost permanently.
  • The shutdown’s political fallout is growing, with polls showing voters increasingly blaming Republicans.

What happened?

As the government shutdown extends, Trump’s administration is escalating pressure on Democrats by threatening to withhold back pay from some furloughed federal workers, challenging the 2019 law designed to protect them. This legal stance has intensified partisan conflict, with Democrats and unions pushing back strongly. Meanwhile, Trump signaled willingness to negotiate on healthcare subsidies but insisted the government must reopen first.

Why it matters

The threat to withhold back pay raises legal and political risks, potentially undermining morale among federal employees and fueling public backlash. Prolonged shutdowns and layoffs could disrupt government services and economic activity. For investors, the political uncertainty adds to market volatility and complicates forecasts for fiscal policy and government spending.

What’s next?

Watch for developments in shutdown negotiations, legal challenges regarding back pay, and announcements on federal workforce layoffs. Monitor political dynamics as public opinion shifts and the midterm elections approach. Investor focus should include potential impacts on government contracts, economic growth, and fiscal policy stability.

Source
Previous Post

Fed’s Balance Sheet Runoff in Focus as Bank Reserves Are Ebbing

Next Post

Tesla Unveils Under-$40,000 Versions of Its Top-Selling EVs

Recommended For You

Trump’s EPA Moves to Ease Oil Well Methane Rules, Claiming $45 Billion in Savings and 210 Million Extra Barrels Through 2050

by Team Lumida
4 hours ago

Trump will unveil an EPA plan easing methane rules for oil and gas wells, which the agency says saves $45 billion and adds 210 million barrels by 2050.

Read more

JPMorgan’s Bob Michele Sees 7% to 8% Returns From US Bonds Over the Next Year, Betting the Long End Wins From a Hawkish Fed

by Team Lumida
4 hours ago

JPMorgan Asset’s Bob Michele expects US bonds to return 7% to 8% over 12 months, with the most value in long-dated Treasuries.

Read more

Warsh’s Hard Sell This Week: Explaining a Fed Hold While Keeping a December Hike Live, With Hawkish Dissents Possible

by Team Lumida
19 hours ago
Bank Stocks Spooked by 2023 Flashbacks — KBW Index Crashes Despite Better Balance Sheets as Deposit Attrition Fears and AI Deposit Flight Haunt Lenders

With a Fed hold expected, Warsh must explain why it is waiting despite firmer inflation while keeping a December hike in play, as hawks may dissent.

Read more

The 10-Year Treasury Yield Holds Near 5% Ahead of a Fed Decision That Deutsche Bank Expects to Sound Hawkish Even if Rates Stay on Hold

by Team Lumida
19 hours ago
KKR Lifts Its 10-Year Treasury Call to 5.1% and Pushes the Fed Hold Out to Early 2029

Treasury yields were little changed with the 10-year near 4.99% as traders priced a more than 90% chance of a Fed hold and Deutsche Bank expected a hawkish...

Read more

Copper Extends Its Slide as the AI Selloff Saps Risk Appetite and Traders Put Odds of a Fed Hike by Year-End Above 70%

by Team Lumida
1 day ago
Hyperscalers Are Buying Copper From Mines That Won’t Produce Until 2029, and Helping Fund Them

Copper fell 0.5% to $14,247.50 a ton in London as pressure on AI stocks and rising Fed hike bets weighed on metals, even as US tariff fears keep...

Read more

Oil Slides More Than 2% From a Six-Month High, but One CIO Says War Risk Has Already Added About $20 a Barrel

by Team Lumida
1 day ago
Diesel Export Ban Would Hit Brazil, Chile and the UK Hardest While Gulf Coast Geography Blocks Relief for US Coasts

WTI fell 2.19% to $101 and Brent 1.89% to $114.51 as traders weighed Houthi attacks on Saudi Arabia against the risk that high prices start destroying demand.

Read more

US Business Activity Stays Near a Multi-Year High as Selling Prices Rise at the Fastest Pace in More Than Four Years

by Team Lumida
4 days ago

S&P Global’s flash US composite PMI slipped to 57.6 in October, the second-highest since 2022, as selling prices rose at the fastest pace in over four years.

Read more

Americans’ Inflation Expectations Hit the Highest Since May, and Nearly 70% Now Expect Interest Rates to Rise

by Team Lumida
4 days ago
US Consumer Sentiment Plummets to Eight-Month Low

University of Michigan data show year-ahead inflation expectations at 4.7% and long-run at 3.5%, while nearly 70% expect interest rates to rise.

Read more

Bonds Are Working as a Hedge Again, as the Treasury-AI Stock Inverse Link Hits Its Strongest in a Year

by Team Lumida
4 days ago

A gauge of the inverse link between Treasuries and AI stocks is at its strongest in a year, as the tech rout revives bonds’ role as a haven.

Read more

The Fed Is Weighing More Hikes in Its Most Confusing Economy Yet, With Rates at 3.75%-4% and Inflation Above Target for Five Years

by Team Lumida
4 days ago

Strong spending, weak sentiment, an energy shock and an AI boom are sending mixed signals as the Fed weighs whether to keep raising rates.

Read more
Next Post
Tesla Unveils Under-$40,000 Versions of Its Top-Selling EVs

Tesla Unveils Under-$40,000 Versions of Its Top-Selling EVs

Tax-Loss Harvesting Surge: JPMorgan’s $15 Billion Windfall

Stablecoin Adoption Poised to Drive Dollar Buying, JPMorgan Says

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

stacked gold bullion bars

Gold Holds Above $4,300 After Surprise US Job Losses — Biggest Weekly Gain Since January as Rate-Hike Bets Fade and China Accumulates

August 10, 2026
AI Stock-Analytics Chatbot BridgeWise Expands to Dubai as Regional Hub

AI Stock-Analytics Chatbot BridgeWise Expands to Dubai as Regional Hub

April 14, 2025
white and brown house near green grass field under white clouds and blue sky during daytime

Accidental Landlords Pressure Single-Family Rental Returns

September 30, 2025

Subscribe to Lumida Ledger

Browse by Category

  • Lifestyle
    • Family Office
    • Health and Longevity
    • Legacy
    • Next Gen Wealth
    • Trust, Tax, and Estate
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Latest
    • Macro
    • Markets
    • Real Estate
  • Opinions
    • Investing Philosophy
    • Op-Ed
  • Research
    • Trackers
  • Themes
    • Aging & Longevity
    • AI
    • Biotech
    • CRE
    • Cybersecurity
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
    • Software
Facebook Twitter Instagram Youtube TikTok LinkedIn
Lumida News

Premium insights to help you invest beyond the ordinary. Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser

CATEGORIES

  • Aging & Longevity
  • AI
  • Alt Assets
  • Biotech
  • CRE
  • Crypto
  • Cybersecurity
  • Digital Assets
  • Equities
  • Family Office
  • Health and Longevity
  • Investing Philosophy
  • Latest
  • Legacy
  • Legacy Brands
  • Lifestyle
  • Macro
  • Markets
  • News
  • Next Gen Wealth
  • Nuclear Renaissance
  • Op-Ed
  • Private Credit
  • Real Estate
  • Software
  • Themes
  • Trackers
  • Trust, Tax, and Estate

BROWSE BY TAG

AI AI chips Amazon Apple Artificial Intelligence Banking Bank of America China Commercial Real Estate CPI data centers Donald Trump EARNINGS ELON MUSK Federal Reserve financial services generative AI Goldman Sachs Google India Inflation Interest Rates Investment Strategy Japan Jerome Powell JPMorgan Markets Meta Microsoft Nasdaq Novo Nordisk Nuclear Energy Nvidia oil OpenAI private equity S&P 500 SEC Semiconductor stock market stock surge Tech Stocks tesla Trump Whale Watch

© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018

No Result
View All Result
  • Home
  • Earnings
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us

© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018