No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Friday, May 29, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Vance warns the longer the shutdown goes on, ‘the deeper the cuts are going to be’

by TheAdviserMagazine
8 months ago
in Business
Reading Time: 3 mins read
A A
Vance warns the longer the shutdown goes on, ‘the deeper the cuts are going to be’
Share on FacebookShare on TwitterShare on LInkedIn



Vice President JD Vance on Sunday said there will be deeper cuts to the federal workforce the longer the government shutdown goes on, adding to the uncertainty facing hundreds of thousands who are already furloughed without pay amid the stubborn stalemate in Congress.

Vance warned that as the federal shutdown entered its 12th day, the new cuts would be “painful,” even as he said the Trump administration worked to ensure that the military is paid this week and some services would be preserved for low-income Americans, including food assistance.

Still, hundreds of thousands of government workers have been furloughed in recent days and, in a court filing on Friday, the Office of Management and Budget said well over 4,000 federal employees would soon be fired in conjunction with the shutdown.

“The longer this goes on, the deeper the cuts are going to be,” Vance said on Fox News’ “Sunday Morning Futures.” “To be clear, some of these cuts are going to be painful. This is not a situation that we relish. This is not something that we’re looking forward to, but the Democrats have dealt us a pretty difficult set of cards.”

Labor unions have already filed a lawsuit to stop the aggressive move by President Donald Trump ’s budget office, which goes far beyond what usually happens in a government shutdown, further inflaming tensions between the Republicans who control Congress and the Democratic minority.

The shutdown began on Oct. 1 after Democrats rejected a short-term funding fix and demanded that the bill include an extension of federal subsidies for health insurance under the Affordable Care Act. The expiration of those subsidies at the end of the year will result in monthly cost increases for millions.

Trump and Republican leaders have said they are open to negotiations on the health subsidies, but insist the government must reopen first.

For now, negotiations are virtually nonexistent. Dug in as ever, House leaders from both parties pointed fingers at each other in rival Sunday appearances on “Fox News Sunday.”

“We have repeatedly made clear that we will sit down with anyone, anytime, anyplace,” said House Democratic leader Hakeem Jeffries of New York. “Republicans control the House, the Senate and the presidency. It’s unfortunate they’ve taken a my-way-or-the-highway approach.”

House Speaker Mike Johnson blamed Democrats and said they “seem not to care” about the pain the shutdown is inflicting.

“They’re trying their best to distract the American people from the simple fact that they’ve chosen a partisan fight so that they can prove to their Marxist rising base in the Democratic Party that they’re willing to fight Trump and Republicans,” he said.

Progressive activists, meanwhile, expressed new support for the Democratic Party’s position in the shutdown fight.

Ezra Levin, co-founder of the leading progressive protest group Indivisible, said he is “feeling good about the strength of Dem position.” He pointed to fractures in the GOP, noting that Georgia Rep. Marjorie Taylor Greene publicly warned last week that health care insurance premiums would skyrocket for average Americans — including her own adult children — if nothing is done.

“Trump and GOP are rightfully taking the blame for the shutdown and for looming premium increases,” Levin said. “Their chickens are coming home to roost.”

And yet the Republican administration and its congressional allies are showing no signs of caving to Democratic demands or backing away from threats to use the opportunity to pursue deeper cuts to the federal workforce.

Thousands of employees at the departments of Education, Treasury, Homeland Security and Health and Human Services, as well as the Environmental Protection Agency, are set to receive layoff notices, according to spokespeople for the agencies and union representatives for federal workers.

“You hear a lot of Senate Democrats say, well, how can Donald Trump possibly lay off all of these federal workers?” Vance said. “Well, the Democrats have given us a choice between giving low-income women their food benefits and paying our troops on the one hand, and, on the other hand, paying federal bureaucrats.”

Democrats say the firings are illegal and unnecessary.

“They do not have to do this,” said Democratic Sen. Mark Kelly of Arizona on CNN’s “State of the Union.” “They do not have to punish people that shouldn’t find themselves in this position.”

Fortune Global Forum returns Oct. 26–27, 2025 in Riyadh. CEOs and global leaders will gather for a dynamic, invitation-only event shaping the future of business. Apply for an invitation.



Source link

Tags: cutsdeeperlongershutdownVanceWarns
ShareTweetShare
Previous Post

US and China Signal Willingness To Negotiate, Sparking Investor Hopes

Next Post

Oracle (ORCL): Cloud-Gigant in Lauerstellung!

Related Posts

edit post
Notification on blending isobutanol with diesel this year: Road secretary V Umashankar

Notification on blending isobutanol with diesel this year: Road secretary V Umashankar

by TheAdviserMagazine
May 29, 2026
0

India is likely to bring a mandate on blending isobutanol with diesel as early as this year as part of...

edit post
Stagflation fears ease thanks to mere hints of Iran deal

Stagflation fears ease thanks to mere hints of Iran deal

by TheAdviserMagazine
May 29, 2026
0

Positive noises from the White House about Iran negotiations have analysts hoping to side-step many of the stagflationary surprises they...

edit post
Trump Wins Big in Mail-In Voting EO Ruling – Or Does He?

Trump Wins Big in Mail-In Voting EO Ruling – Or Does He?

by TheAdviserMagazine
May 29, 2026
0

A federal judge on Thursday, May 28, declined to block President Donald Trump’s executive order regarding mail-in ballots. But there’s...

edit post
Earnings stay resilient, but Q1 FY27 could test markets: Harsha Upadhyaya

Earnings stay resilient, but Q1 FY27 could test markets: Harsha Upadhyaya

by TheAdviserMagazine
May 29, 2026
0

Indian equities may have weathered a turbulent global environment with surprising resilience in the March quarter, but investors should brace...

edit post
Costco outlines 30-plus net new openings per year as it targets .5B fiscal 2026 CapEx (NASDAQ:COST)

Costco outlines 30-plus net new openings per year as it targets $6.5B fiscal 2026 CapEx (NASDAQ:COST)

by TheAdviserMagazine
May 29, 2026
0

Earnings Call Insights: Costco Wholesale Corporation (COST) Q3 2026 Management view Ron Vachris said Costco’s value message is resonating “against...

edit post
IDBI Bank stake sale back on table; Centre explores revival options

IDBI Bank stake sale back on table; Centre explores revival options

by TheAdviserMagazine
May 28, 2026
0

New Delhi: The Centre is exploring ways to revive the stalled privatisation of IDBI Bank, people familiar with the matter...

Next Post
edit post
Oracle (ORCL): Cloud-Gigant in Lauerstellung!

Oracle (ORCL): Cloud-Gigant in Lauerstellung!

edit post
SA Asks: What’s the best telecom play right now? (T:NYSE)

SA Asks: What's the best telecom play right now? (T:NYSE)

  • Trending
  • Comments
  • Latest
edit post
Supreme Court Delivers More Bad Redistricting News for Democrats

Supreme Court Delivers More Bad Redistricting News for Democrats

May 19, 2026
edit post
From Maine to Michigan, Democrats Are Making Communism Great Again

From Maine to Michigan, Democrats Are Making Communism Great Again

May 16, 2026
edit post
Gavin Newsom issues ‘final warning’ amid California’s dire housing crisis — what’s at stake for millions of residents

Gavin Newsom issues ‘final warning’ amid California’s dire housing crisis — what’s at stake for millions of residents

May 3, 2026
edit post
Minnesota Wealth Tax | Intangible Personal Property Tax

Minnesota Wealth Tax | Intangible Personal Property Tax

May 6, 2026
edit post
It’s Time To Talk About Massie

It’s Time To Talk About Massie

May 23, 2026
edit post
10 Cheapest High Dividend Stocks With P/E Ratios Under 10

10 Cheapest High Dividend Stocks With P/E Ratios Under 10

April 13, 2026
edit post
Tax Reform in Congress | Revenue Neutrality

Tax Reform in Congress | Revenue Neutrality

0
edit post
Medtronic (MDT) Q4 2026 Preview: EPS Est. .55, Reports June 3

Medtronic (MDT) Q4 2026 Preview: EPS Est. $1.55, Reports June 3

0
edit post
Turkey obstructs Israel-Cyprus-Greece power grid connection

Turkey obstructs Israel-Cyprus-Greece power grid connection

0
edit post
Bitcoin prices today, Thursday, May 28, 2026: Down this morning and falling further

Bitcoin prices today, Thursday, May 28, 2026: Down this morning and falling further

0
edit post
Marketplace Platforms Aren’t One Market Anymore: Announcing Forrester’s Two Landscapes For 2026

Marketplace Platforms Aren’t One Market Anymore: Announcing Forrester’s Two Landscapes For 2026

0
edit post
No more bad bosses: How training programs can address the leadership gap

No more bad bosses: How training programs can address the leadership gap

0
edit post
Medtronic (MDT) Q4 2026 Preview: EPS Est. .55, Reports June 3

Medtronic (MDT) Q4 2026 Preview: EPS Est. $1.55, Reports June 3

May 29, 2026
edit post
“Creating a Nation”: The Declaration of Independence and the Nation Anachronism

“Creating a Nation”: The Declaration of Independence and the Nation Anachronism

May 29, 2026
edit post
Notification on blending isobutanol with diesel this year: Road secretary V Umashankar

Notification on blending isobutanol with diesel this year: Road secretary V Umashankar

May 29, 2026
edit post
Wall Street Embraces Binance as Vaneck Launches First US Spot BNB ETF

Wall Street Embraces Binance as Vaneck Launches First US Spot BNB ETF

May 29, 2026
edit post
Stagflation fears ease thanks to mere hints of Iran deal

Stagflation fears ease thanks to mere hints of Iran deal

May 29, 2026
edit post
Alphabet C – GOOG: Kursziele bis 550 USD im Visier! Breakout-Setup im überkauften Markt!

Alphabet C – GOOG: Kursziele bis 550 USD im Visier! Breakout-Setup im überkauften Markt!

May 29, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Medtronic (MDT) Q4 2026 Preview: EPS Est. $1.55, Reports June 3
  • “Creating a Nation”: The Declaration of Independence and the Nation Anachronism
  • Notification on blending isobutanol with diesel this year: Road secretary V Umashankar
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.