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US Economy Sees Ripples of Pain From the Government Shutdown

Gregory Korte @gregorykorte.com · 1d

Prediction markets and opinion polls suggest that most people are bracing for the shutdown to last at least another two weeks.

More this morning in Bloomberg's Economics Daily newsletter:

www.bloomberg.com/news/newslet...

I’m Gregory Korte, White House and domestic policy reporter in Washington. Today we’re looking at how the US government shutdown is affecting the economy. Send us feedback and tips to ecodaily@bloombe...

Shutdown Pain Ripples Through US Economy With No Deal in Sight

Gregory Korte @gregorykorte.com · 1d

The first week of a government shutdown is usually the easy one. It only gets harder after that.

Here's my latest on how this ever-changing -- and increasingly painful -- shutdown is unfolding:

www.bloomberg.com/news/article...

The first week of a government shutdown is usually the easy one. It only gets harder after that.

The Government Shutdown Enters Day 8, and It’s Getting Real

Gregory Korte @gregorykorte.com · 2d

We've reached a tipping point in this government shutdown, as the now-routine Washington standoff over spending is starting to have real economic consequences.

Today's Washington Edition newsletter:

www.bloomberg.com/news/newslet...

This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Today, domestic policy reporter Gregory Korte looks at the growing impact of the government shutdown...

White House Keeps 45 DOGE Employees Working Despite Shutdown

Reposted by Gregory Korte

Daniel Zhao @danielzhao.bsky.social · 3d

Some good details on the mechanics of when pay arrives for government workers from @gregorykorte.com

www.bloomberg.com/news/article...

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Gregory Korte @gregorykorte.com · 8d

NEW: The White House still employs 45 staffers for Elon Musk’s Department of Government Efficiency despite the Tesla Inc. CEO’s departure in May — and they’re exempt from being furloughed during the government shutdown.

www.bloomberg.com/news/article...

The White House still employs 45 staffers for Elon Musk’s Department of Government Efficiency despite the Tesla Inc. CEO’s departure in May — and they’re exempt from being furloughed during the govern...

Republicans Weigh Big Cuts as Senators Grasp for Shutdown Deal

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Reposted by Gregory Korte

Robert Jameson @rhjameson.bsky.social · 9d

Trump Plans to Use Shutdown to Fire Federal Workers This Week
www.bloomberg.com/news/article... via @bloomberg.com By Erik Wasson @gregorykorte.com @steventdennis.bsky.social @jamietarabay.bsky.social

White House Budget Director Russell Vought is planning to swiftly dismiss federal workers, a sign that Republicans will lean into hardball tactics to pressure Democrats to cave to end a government shu...

Gregory Korte @gregorykorte.com · 14d

My grandfather was born 120 years ago today. So I wrote a little thing about baseball, immigrant families, and the place where he was from.

www.johnnyhodapp.com/johnny-hodap...

BLS Would Delay Next US Jobs Report Based on Prior Shutdown Plan

Gregory Korte @gregorykorte.com · 15d

NEW: Critical economic data could be one of the first casualties of a government shutdown, including a jobs report due next Friday and an October inflation number that's crucial for computing Social Security COLA increases. w/ @mniquette.bsky.social

www.bloomberg.com/news/article...

The September jobs report, set for release next Friday, will be delayed in the event of a federal government shutdown if the Department of Labor adheres to an operational contingency plan spelled out ...

Trump Ups the Ante in Game of Shutdown Chicken With Democrats

Gregory Korte @gregorykorte.com · 15d

In tonight's Washington Edition newsletter, I look at some of the game theory behind President Trump's latest escalation of shutdown politics:

www.bloomberg.com/news/newslet...

This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Today, domestic policy reporter Gregory Korte looks at the latest move by the Trump administration i...

White House Tells Agencies to Prepare for Job Cuts in Shutdown

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Gregory Korte @gregorykorte.com · 16d

NEW: The White House budget office is telling federal agencies to prepare plans for mass firings during a possible government shutdown -- with @laurendezenski.bsky.social.

www.bloomberg.com/news/article...

The White House budget office is telling federal agencies to prepare plans for mass firings during a possible government shutdown.

Trump Readies Tax, Criminal Crackdowns on Liberal Groups After Kirk Killing

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Gregory Korte @gregorykorte.com · 23d

A deeper look at how the Trump administration is targeting liberal groups, with @caitlinreilly.bsky.social and @simonefoxman.bsky.social: www.bloomberg.com/news/article...

The Trump administration is making plans for how to go after left-wing groups it says are fomenting political violence following the killing of Charlie Kirk, while nonprofits prepare to defend themsel...

Tesla Chair Says Musk’s Political Engagement Is ‘Up to Him’

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Gregory Korte @gregorykorte.com · 23d

New Gallup data find Republicans far more willing to weaponize the IRS against political foes — even before the assassination of Charlie Kirk ramped up partisan division.

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Gregory Korte @gregorykorte.com · 29d

NEW: Tesla Board Chair Robyn Denhold tells Bloomberg TV that the company won't police Elon Musk's political activity despite seeking assurances he'd "wind down" his involvement.
www.bloomberg.com/news/article...

Tesla Inc. Board Chair Robyn Denholm dismissed concerns that Elon Musk’s political activity has hurt the performance of the electric vehicle maker and gave him wide latitude on future electoral engage...

Gregory Korte @gregorykorte.com · Sep 10

NEW: The US Treasury Department is offering to pay employees as much as $10,000 for ideas that lead to verified savings on federal contracts. www.bloomberg.com/news/article...

Gregory Korte @gregorykorte.com · Sep 8

New Gallup poll finds two-thirds of Democrats now view socialism favorably — up from half in 2010.

www.bloomberg.com/news/article...

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Gregory Korte @gregorykorte.com · Sep 5

As tariffs go up, so do the audits.

www.bloomberg.com/news/article...

Trump Administration Ending a Hiring Rule Dating to 19th Century

Gregory Korte @gregorykorte.com · Sep 5

NEW: The Trump administration is ending a key civil service provision known as the "rule of three," allowing managers to select from a broader list of qualified candidates instead of having to choose from the top three scorers on a competitive exam.
www.bloomberg.com/news/article...

The Trump administration plans to rewrite the playbook for government hiring, allowing managers to select from a broader list of qualified candidates instead of having to choose from the top three sco...

Gregory Korte @gregorykorte.com · Sep 3

Washington Edition Chart of the Day:

Gallup data show nearly half of federal workers are on site full time — far more than in the private sector.

www.bloomberg.com/news/newslet...

Gregory Korte @gregorykorte.com · Sep 3

BREAKING: The Trump administration illegally froze more than $2 billion in research funding for Harvard University, a federal judge ruled.

www.bloomberg.com/news/article...

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Gregory Korte @gregorykorte.com · Sep 3

ServiceNow Inc. is offering federal agencies discounts of as much as 70% on its software, a move aimed at spurring adoption as the Trump administration presses for faster government implementation of artificial intelligence tools. w/ @brodyford.bsky.social

www.bloomberg.com/news/article...

Trump Notifies Congress of Plan to Rescind Billions in Foreign Aid

Gregory Korte @gregorykorte.com · Aug 29

President Trump has asked Congress to claw back nearly $5 billion in already-approved foreign aid spending though a so-called "pocket rescission" -- threatening to cut the funding himself if lawmakers fail to act by the close of September.

www.bloomberg.com/news/article...

President Donald Trump asked Congress to claw back nearly $5 billion in already-approved foreign aid spending, a proposal timed to take advantage of the looming end of the fiscal year and allowing him...

Why Trump Has a Problem With Mail-In Voting

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Gregory Korte @gregorykorte.com · Aug 26

Here's the facts about Trump's attacks on mail-in voting -- and what he can actually do about it.

www.bloomberg.com/news/article...

President Donald Trump has escalated his years-long crusade against voting by mail, threatening action to restrict its use in federal elections nationwide. On Aug. 18, he wrote in a Truth Social post ...

Gregory Korte @gregorykorte.com · Aug 26

And in some states -- including Republican-leaning Indiana and Utah -- mail-in voting is the norm.

Gregory Korte @gregorykorte.com · Aug 26

After reaching an all-time high in the pandemic election of 2020, mailed-in ballots now comprise about three in ten ballots cast. But older voters are much more likely to rely on the mail to vote.