<!–
*{box-sizing:border-box}body{margin:0;padding:0}a[x-apple-data-detectors]{color:inherit!important;text-decoration:inherit!important}#MessageViewBody a{color:inherit;text-decoration:none}p{line-height:inherit}.desktop_hide,.desktop_hide table{mso-hide:all;display:none;max-height:0;overflow:hidden}.image_block img+div{display:none}sub,sup{font-size:75%;line-height:0}#converted-body .list_block ol,#converted-body .list_block ul,.body [class~=x_list_block] ol,.body [class~=x_list_block] ul,u+.body .list_block ol,u+.body .list_block ul{padding-left:20px} @media (max-width:620px){.desktop_hide table.icons-outer{display:inline-table!important}.image_block div.fullWidth{max-width:100%!important}.mobile_hide{display:none}.row-content{width:100%!important}.stack .column{width:100%;display:block}.mobile_hide{min-height:0;max-height:0;max-width:0;overflow:hidden;font-size:0}.desktop_hide,.desktop_hide table{display:table!important;max-height:none!important}.reverse{display:table;width:100%}.reverse .column.first{display:table-footer-group!important}.reverse .column.last{display:table-header-group!important}.row-10 td.column.first .border,.row-12 td.column.first .border,.row-8 td.column.first .border{padding:5px 5px 15px 25px;border-top:0;border-right:0;border-bottom:0;border-left:0}.row-10 td.column.last .border,.row-12 td.column.last .border,.row-14 td.column.last .border,.row-8 td.column.last .border{padding:5px 20px 25px 5px;border-top:0;border-right:0;border-bottom:0;border-left:0}.row-14 td.column.first .border{padding:5px 5px 15px 25px;border-top:0;border-right:0;border-bottom:15px solid transparent;border-left:0}}
sup, sub { font-size: 100% !important; } sup { mso-text-raise:10% } sub { mso-text-raise:-10% }
{beacon}
Business & Economy
|
Business & Economy
<!–
|
|
|
Judge halts Trump federal worker buyouts plan
|
A federal judge has just extended the deadline for federal workers to accept the Trump administration’s sweeping buyout offer.
|
Workers will now have until Monday to accept the deal, giving more time to weigh the unusual offer.
The Trump administration had previously set a Thursday deadline for federal workers to determine whether they wanted to take the deal — something they could do by simply replying “resign.”
The buyouts promise employees eight months of pay and benefits in exchange for leaving the federal workforce. Workers have also been told they would be off the hook for showing up to work and would be free to get another job.
However, numerous provisions in the contract for the offer undercut those claims, saying employees could still have to work and may be barred from outside employment.
White House spokeswoman Karoline Leavitt said the Trump administration was glad the timeline for the offer was extended.
“We are grateful to the judge for extending the deadline so more federal workers who refuse to show up to the office can take the Administration up on this very generous, once-in-a-lifetime offer,” she said in a statement.
The Hill’s Rebecca Beitsch and Ella Lee have more here.
|
Welcome to The Hill’s Business & Economy newsletter, we’re Aris Folley and Taylor Giorno — covering the intersection of Wall Street and Pennsylvania Avenue.
|
|
|
Key business and economic news with implications this week and beyond:
|
|
|
An Elon Musk deputy who accessed sensitive Treasury Department payment systems has resigned after social media posts of his came to light that espoused racist beliefs.
|
|
|
|
Questions are swirling about how much access Elon Musk and his Department of Government Efficiency (DOGE) has to Americans’ personal data and sensitive federal payment systems.
|
|
|
|
House Democrats on Thursday introduced legislation designed to protect taxpayers’ sensitive financial information from Elon Musk and his government efficiency team.
|
|
|
|
A letter sent to Internal Revenue Service (IRS) employees said those involved in the 2025 tax season won’t be able to accept the buyout President Trump offered federal employees until after the taxpayer filing deadline.
|
|
|
|
Welcome to Tax Watch, a new feature in The Hill’s Business & Economy newsletter focused on the fight over tax reform and the push to extend the 2017 Trump tax cuts this year.
|
Republicans consider shorter timeline for tax extension
|
The Senate is making a move to advance its two-bill strategy on President Trump’s agenda following a lack of agreement among Republicans in the House on a topline budget number.
But House Republicans are still trying to stick the landing on the one-bill plan favored by Trump, attempting to make its immense price tag more acceptable to budget hawks by shortening the length of the proposed tax extensions.
“What we’re talking about [is] tinkering with the length of the time of the tax cuts and figuring out what the total number would be versus what we can get on spending cuts,” budget hawk Rep. Chip Roy (R-Texas) told reporters this week.
Republicans met Tuesday night to talk about a five-year extension of the tax cuts, rather than a decade-long extension under which current individual tax rates and a number of business provisions are set to expire at the end of this year.
Without any budget cuts, the Republican legislative agenda could cost as much as $7 trillion over the next ten years. That’s according to an estimate by Andrew Lautz of the Bipartisan Policy Center, a number that Roy appeared to confirm.
“What we’re talking about is … $7 trillion top line spending,” Roy said, arguing that budget cuts to the tune of $1 trillion, as floated by House Majority Leader Steve Scalise (R-La.), were insufficient. “We believe we need more spending restraint than that.”
— Tobias Burns
|
|
|
Upcoming news themes and events we’re watching:
|
- The January jobs report comes out Friday morning at 8:30 a.m. ET.
|
|
|
Branch out with more stories from the day:
|
|
|
SALT LAKE CITY (AP) — Labor unions that serve teachers, firefighters, police and other public employees …
|
|
|
Business and economic news we’ve flagged from other outlets:
|
- Populist Capitalist: How the UFC’s Dana White Epitomizes Business In The Trump Era (Forbes)
- Attention federal employees: It may be hard to get a private sector job right now (CNN)
- Trump, the Panama Canal and the Hong Kong Firm at the Heart of a Showdown (The New York Times)
|
|
|
Top stories on The Hill right now:
|
|
|
President Trump announced plans Thursday to establish a task force and a presidential commission to protect Christians from religious discrimination. Read more
|
|
President Trump on Thursday suggested CBS News’s “60 Minutes” be taken off the air after the program released a transcript of an interview it aired last fall with former Vice President Harris amid a federal investigation into the broadcast. Read more
|
|
|
Opinion related to business and economic issues submitted to The Hill:
|
|
|
You’re all caught up. See you tomorrow!
|
Close
if ( window.checkSizeClasses && window.checkSizeClasses instanceof Function) {
window.checkSizeClasses();
}
Source link
| | |
