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JUDGE REMOVES KEY LEGAL HURDLE FOR TRUMP’S PLAN TO TRIM FEDERAL WORKFORCE WITH DEFERRED RESIGNATIONS
WASHINGTON (AP) — A federal judge on Wednesday removed a key legal hurdle stalling President Donald Trump ’s plan to downsize the federal workforce with a deferred resignation program.
The Boston-based judge’s order in the challenge filed by a group of labor unions was a significant legal victory for the Republican president after a string of courtroom setbacks.
“This goes to show that lawfare will not ultimately prevail over the will of 77 million Americans who supported President Trump and his priorities,” said White House press secretary Karoline Leavitt.
Another group of unions filed a lawsuit in Washington, D.C. late Wednesday, though its potential impacts were not immediately clear.
About 75,000 federal workers accepted the offer to quit in return for being paid until Sept. 30, according to McLaurine Pinover, a spokesperson for the Office of Personnel Management.
She said the deferred resignation program “provides generous benefits so federal workers can plan for their futures,” and it was now closed to additional workers.
American Federation of Government Employees National President Everett Kelley said in a statement that the union’s lawyers are assessing the next steps.
“Today’s ruling is a setback in the fight for dignity and fairness for public servants,” Kelley said. “But it’s not the end of that fight. Importantly, this decision did not address the underlying lawfulness of the program.”
The union continues to maintain that it’s illegal to force American citizens to make a decision, in a few short days, without adequate information, about “whether to uproot their families and leave their careers for what amounts to an unfunded IOU from Elon Musk,” the statement said.
U.S. District Judge George O’Toole Jr. in Boston found that the unions weren’t directly affected, so they didn’t have legal standing to challenge the program, commonly described as a buyout. O’Toole was nominated by former President Bill Clinton, a Democrat.
@ Newshounds News™
Source: AP News
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BRICS: US TRADE WAR, TARIFFS HAS GLOBAL MARKETS PREPARING FOR THE WORST
With geopolitical tensions reaching a fever pitch, the brewing BRICS and US trade war driven by the implementation of new Trump tariffs has global markets preparing for the worst.
Indeed, the US President has continued to forward his aggressive economic policy. Subsequently, it has driven the world to respond as concern rises.
Throughout his campaign for reelection, Trump was adamant that tariffs would be a reality of his returning administration. To this point, he has kept to that word. Yet, the implications of that are beginning to come into view. Moreover, global markets are preparing for them to be dire.
BRICS & US Tensions Push Gold to All-TIme High as Experts Fear for the Worst
The US President has made no qualms about his belief in the US dollar. Indeed, he has maintained his position that the greenback’s status is of the utmost importance.
Last year, he told American citizens that losing its global reserve position would be akin to the nation losing a war.
The effort to preserve the currency’s status has led him to engage with the global south in growing and concerning tensions. As the BRICS bloc and the US prepare for a potential trade war, the global market share is operating for the worst from the continued arrival of Trump tariffs.
The US is set to impose tariffs on metals coming from North American neighbors Canada and Mexico, as well as China. This has led to retaliate tariffs and plummeting base metal prices. Moreover, gold has surged to an all-time high as investors have rushed to the safe haven asset.
Specifically, it reached a price of $2,818 according to Reuters. Meanwhile, US gold futures edged 0.8% higher Wednesday, reaching $2,857.
Financial experts are projecting widespread economic impacts from the ongoing tariffs and retaliatory import taxes. Specifically, with 75% of annual exports from Canada and Mexico to the US coming in the form of metals, they project notable ramifications.
CNN reported that China is preparing a “countermeasure” to the Trump tariffs. However, things between Trump and Chinese President Xi Jinping have been “very good,” according to experts. So, there is the belief that the two could work to avoid a trade war, despite the opposing stance.
Ultimately, growing tensions will drive production costs and consumer prices and alter trade dynamics. These are all realities that BRICS, the US, and global markets must prepare for. How greatly they impact the world, however, remains to be seen.
@ Newshounds News™
Source: Watcher Guru
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