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The Senate fell into a political quagmire, and the government shutdown caused the dollar’s hegemony to suffer a blow.
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Hello everyone, today XM Forex will bring you "[XM Forex Decision Analysis]: The Senate fell into a political quagmire, and the government shutdown caused the US dollar hegemony to suffer a blow." Hope this helps you! The original content is as follows:
A federal district judge issued an emergency order on Wednesday (October 15) to prevent the Trump administration from laying off large-scale government workers, the union representing thousands of federal employees said.
President Trump and OMB Director Russ Vought followed through on their threat to lay off thousands of federal employees during the government shutdown.
The government shutdown is now entering its third week, with no end in sight as House Speaker Mike Johnson warned it could become "the longest shutdown in American history."
Trump: We gave money to the people we wanted to give it to
U.S. President Trump and FBI Director Kash Patel were asked about paying FBI members during the government shutdown. The president once again emphasized his position and refused to fund what he called "Democratic agencies and projects."
He said: "We have paid the people we want to pay, you know, we want the FBI to get paid, the military to get paid. We have paid the people who should get paid."
"Democrats, they don't mention this. We are Eliminating programs that we didn't like, even though they were negotiated, we're terminating them, permanently." The president referred to cuts to the Gateway program by Russ Vought, director of the Office of Budget Management.
Judge blocks Trump administration from firing workers during shutdown
U.S. District Judge Susan Elston issued an emergency order on Wednesday blocking the Trump administration's plan for mass layoffs, according to a statement from the union representing thousands of federal employees.
The Associated Press reported that Ilston said the government took action without careful consideration.
She said: "Most of these projects adopt a hasty start and think-as-you-go model, resulting in a human cost. And this cost is intolerable."
A number of unions, including the American Federation of Government Employees, filed a lawsuit against the government, requesting a temporary injunction, saying that the dismissals were illegal.
AFSCME President Lee Sanders said in a statement: "This ruling confirms that threats of mass layoffs may be illegal and prevents layoff notices from being issued."
Federal workers already endure too much uncertainty, and this administration continues to attack the critical jobs that keep us safe and healthy. They deserve it, Sanders added. Their work must be respected - rather than treated as expendable and used as political pawns by the administration's billionaires."
The Senate failed to advance a government funding bill for the ninth time
The Senate again failed to pass a government funding bill on Wednesday by a vote of 51 to 44, which would have reopened the government until November 21. According to regulations, 60 votes are needed to advance the bill.
This is the ninth time the bill has failed to advance. There are no measurable signs of progress.
As with previous votes, Senator Rand Paul was the only member of the Republican Party to oppose the bill. Democratic Senators Catherine Cortez Masto, John Fetterman and independent Angus King (cooperating with the Democratic caucus) still maintain their original positions, becoming the only three defection supporters in their respective camps.
The White House will lay off more than 10,000 people throughout the shutdown, Russ Vought, director of the Office of Management and Budget, said in an interview with "The Charlie Kirk Show" on Wednesday that "more than 10,000" federal workers are expected to be laid off during the government shutdown.
Vogt went on to refer to court documents filed by the Office of Management and Budget in a lawsuit brought by unions against the Trump administration's budget cuts. "We are talking about absolutely thousands of people. A lot of the reporting is based on their interpretation of the court briefs."
Watt added: "But this is the tip of the iceberg, and I think the numbers will rise significantly. We will continue to advance these streamlined plans throughout the government shutdown because we believe that they must be maintained for the American taxpayers and American people." Offensive posture. "
Asked what agencies and programs may or have been cut during the shutdown, Vought said: "The Department of Energy's Green New Deal programs, the Department of www.xmmen.commerce's Minority Business Development Agency - the agency that allocates business grants based on race. ” He continued: “EPA’s Environmental Justice Program, and the Cybersecurity and Infrastructure Security Agency. ”
Members urge the government to clarify that federal employees will receive back pay
A group of mainly Democratic lawmakers wrote to the White House executiveRuss Vought, director of the Office of Management and Budget, demanded immediate clarity that federal employees will receive back pay after the government shutdown ends.
Alaska Republican Senator Lisa Murkowski is one of the main sponsors, but she is the only Republican to sign the bicameral letter signed by more than 100 Democratic members of the House.
Lawmakers praised President Trump for signing legislation guaranteeing back pay for federal employees. They say the law needs to be enforced.
The letter reads: "The law clearly states that all affected government employees, whether exempt or furloughed, are entitled to back pay after the government shutdown ends, consistent with current guidance provided by federal agencies such as the Office of Personnel Management."
The continuation and deepening of the U.S. government shutdown, as well as the ensuing political uncertainty, potential economic damage, and policy confusion, have exerted significant negative pressure on the U.S. dollar.
Unless there is a clear signal to break the deadlock, this ongoing political crisis will become one of the key drivers of continued weakness in the U.S. dollar in the www.xmmen.coming weeks. Any rebound in the dollar is likely to be temporary as the structural headwinds it faces continue to intensify.
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