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Business & Economy
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Business & Economy
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Judge gives Trump go-ahead on mass layoffs
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A federal judge refused a request from a group of government employee unions to block President Trump from moving ahead with dramatic reductions to the federal workforce.
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U.S. District Judge Christopher Cooper ruled that federal law mandates the unions bring their challenge before the Federal Labor Relations Authority, which adjudicates labor relations within the federal bureaucracy, rather than a federal district court.
The decision notches another victory for Trump’s Justice Department, which is defending against dozens of lawsuits challenging a broad range of the president’s executive actions, including the administration’s efforts to slash spending and reshape government agencies.
The case at hand was brought by the National Treasury Employees Union, the National Federation of Federal Employees, the International Association of Machinists and Aerospace Workers, the International Federation of Professional & Technical Engineers and United Auto Workers.
The unions’ lawsuit challenged mass terminations of probationary employees — the administration’s plans for additional mass layoffs, known as a reduction in force (RIF) — and its offer for most federal employees to accept a buyout.
The unions argued that the administration’s plans violates the separation of powers and regulations for how the federal government can carry out RIFs.
The Hill’s Zach Schonfeld has more here.
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Welcome to The Hill’s Business & Economy newsletter, we’re Aris Folley and Sylvan Lane — covering the intersection of Wall Street and Pennsylvania Avenue.
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Key business and economic news with implications this week and beyond:
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Nearly two-thirds of Americans say President Trump has not done enough to try to lower costs for everyday goods, according to a poll released Thursday.
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A group of eight House Republicans in the Congressional Hispanic Conference sent a warning shot to Speaker Mike Johnson (R-La.) on the chamber’s budget resolution that outlines sweeping cuts as part of advancing President Trump’s legislative agenda, adding to the complexity of getting enough support in the slim GOP majority to advance it on the House floor next week.
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The IRS fired 6,700 employees Thursday, a government official told NewsNation, the sister television network of The Hill.
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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.
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IRS fires newly hired compliance staff
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The IRS canned 5,000 compliance staff this week, effectively clearing out the new enforcement hires the agency had made with a funding boost from Democrats’ Inflation Reduction Act (IRA).
In fact, the terminations likely result in a net reduction of compliance and enforcement workers at the IRS relative to the IRA boost, since the agency had hired an estimated 4,583 enforcers since the IRA money was deployed, according to a 2024 supplement to the IRA’s strategic operating plan.
“I think our objective is to make sure that the employees that we pay are being productive and effective. And there are many more than 100,000 people working to collect taxes. And not all of them are fully occupied.”
The IRS fails to collect around $700 billion every year in taxes, an amount known as the tax gap that former IRS commissioner Charles Rettig estimated in 2022 could be as large as $1 trillion annually. As a share of 2022 gross domestic product at $26 trillion, that’s 3.8 percent. For comparison, the federal budget deficit in that year was $1.4 trillion.
In total, the IRS on Thursday fired 6,700 employees who were in a probationary trial period with the agency.
— Tobias Burns
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Upcoming news themes and events we’re watching:
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- The University of Michigan consumer sentiment survey is released Friday at 10 a.m. EST.
- Fed Vice Chair Philip Jefferson and San Francisco Fed President Mary Daly make speaking appearances Friday.
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Branch out with more stories from the day:
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NEW YORK (AP) — A sharp slide for Walmart on Thursday helped pull Wall Street off of its record. The …
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Business and economic news we’ve flagged from other outlets:
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- Seeking Golf Deal, Trump Meets Tiger Woods and Saudi Wealth Fund Chief (New York Times)
- Dow falls 450 points as inflation and tariff fears hit Main Street (CNN)
- Electric-truck maker Rivian hits a milestone, and its stock jumps (MarketWatch)
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Top stories on The Hill right now:
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A federal judge Thursday refused a group of government employee unions’ request to block the Trump administration from moving ahead with plans to dramatically reduce the federal workforce. Read more
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The Department of Homeland Security (DHS) on Thursday moved to end deportation protections for Haitians in the U.S., likely teeing up legal challenges. Read more
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You’re all caught up. See you tomorrow!
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