Financial Trade Freedom - Investing and Stock News
  • Investing
  • News
  • Editor’s Pick
  • Economy
  • Stock
  • Investing
  • News
  • Editor’s Pick
  • Economy
  • Stock
No Result
View All Result
Financial Trade Freedom - Investing and Stock News
No Result
View All Result
Home News

Shutdown faces taxpayer reckoning as lawmaker works to expose ‘true cost of Democrats’ political stunt’

admin by admin
October 15, 2025
in News
0
Shutdown faces taxpayer reckoning as lawmaker works to expose ‘true cost of Democrats’ political stunt’
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Republican Iowa Sen. Joni Ernst introduced a bill Wednesday that would require federal agencies to submit detailed reports outlining the true full costs of a government shutdown, including back pay for furloughed employees. 

‘Schumer’s Shutdown shenanigans have already wasted $4.4 billion paying 750,000 ‘non-essential’ federal employees not to work for more than two weeks,’ Ernst told Fox News Digital. 

‘My Non-Essential Workers Transparency Actwill expose thelost productivity and true cost of Democrats’ political stunt,’ she said. ‘It will also help expose which parts of the bloated bureaucracy are truly ‘non-essential’ and should be put on the chopping block to increase efficiency in Washington for taxpayers.’

Ernst’s bill would require federal agencies to submit reports to the Senate Committee on Homeland Security and Governmental Affairs within 30 days of a shutdown’s end, detailing each agency’s total number of employees when the shutdown began, total salary spending during the previous fiscal year, the number of furloughed workers, how much those employees would have earned during the shutdown, and the number and pay of those who continued working.

The U.S. government has been in the midst of an ongoing shutdown since Oct. 1, when Senate lawmakers failed to pass funding legislation for 2026. An estimated 750,000 federal employees were furloughed and will be compensated with back pay once the shutdown ends, as stipulated in a 2019 law. 

As the shutdown loomed at the end of September, Ernst published Congressional Budget Office data showing the shutdown is expected to cost taxpayers $400 million a day, with the Iowa senator railing against the hefty price tag ‘to pay 750,000 non-essential bureaucrats NOT to work.’

The estimated cost of back pay has reached roughly $4.4 billion as of Wednesday, according to estimates cited by Ernst.

‘Using information from the agencies’ contingency plans and the Office of Personnel Management (OPM), CBO estimates that under a lapse in discretionary funding for fiscal year 2026 about 750,000 employees could be furloughed each day; the total daily cost of their compensation would be roughly $400 million,’ a letter to Ernst from the Congressional Budget Office stated in September. 

The Trump administration and Republicans have since pinned blame for the shutdown on Democrats, claiming they sought taxpayer-funded medical benefits for illegal immigrants. Democrats have denied they want to fund healthcare for illegal immigrants and instead have blamed Republicans for the shutdown.

‘They say that undocumented people are going to get these credits,’ Senate Minority Leader Chuck Schumer said earlier in October. ‘That is absolutely false. That is one of the big lies that they tell.’ 

White House spokesman Kush Desai slammed Democrats as ‘not serious people’ when asked about the Congressional Budget Office data earlier in October. 

‘Democrats are burning $400 million a day to pay federal workers not to work because they want to spend $200 billion on free health care for illegal aliens,’ he told Fox News Digital. ‘These are not serious people.’

President Donald Trump warned the administration could make ‘irreversible’ changes to the federal workforce in the lead-up to the shutdown, most notably through a new wave of fresh layoffs. The president repeatedly said that he and his allies did not want the government to shut down, but that it opened the door for some ‘good’ that could come from it as he looks to further slim down the size of the government and make it more efficient.  

The White House announced on Friday that reduction in force notices, better known as RIFs, had been issued across agencies. 

‘The RIFs have begun,’ White House Office of Management and Budget Director Russell Vought wrote on X Friday. 

This post appeared first on FOX NEWS

Previous Post

House Republicans say GOP holds winning hand in shutdown fight with Democrats

Next Post

Trump hammers rise in left-wing political violence in Charlie Kirk remarks: ‘Devil’s ideology’

Next Post
Trump hammers rise in left-wing political violence in Charlie Kirk remarks: ‘Devil’s ideology’

Trump hammers rise in left-wing political violence in Charlie Kirk remarks: ‘Devil’s ideology’

  • Trending
  • Comments
  • Latest
U.S. homebuilders raise alarm over tariffs as sentiment falls to 5-month low

U.S. homebuilders raise alarm over tariffs as sentiment falls to 5-month low

February 19, 2025
How Companies Use Derivatives To Hedge Risk

How Companies Use Derivatives To Hedge Risk

February 19, 2025
KFC moves U.S. headquarters from Kentucky to Texas

KFC moves U.S. headquarters from Kentucky to Texas

February 19, 2025
Synthetic: Definition in Finance, Types of Assets

Synthetic: Definition in Finance, Types of Assets

February 19, 2025
Why Hims & Hers stock is failing to retain menopause gains and what comes next?

Why Hims & Hers stock is failing to retain menopause gains and what comes next?

0
From tariffs to DOGE, what companies are saying about the impact of MAGA policies

From tariffs to DOGE, what companies are saying about the impact of MAGA policies

0
Tesla’s law firm drafts Delaware bill that could salvage Musk pay package

Tesla’s law firm drafts Delaware bill that could salvage Musk pay package

0
Coca-Cola takes on Olipop and Poppi with new prebiotic soda brand, Simply Pop

Coca-Cola takes on Olipop and Poppi with new prebiotic soda brand, Simply Pop

0
Why Hims & Hers stock is failing to retain menopause gains and what comes next?

Why Hims & Hers stock is failing to retain menopause gains and what comes next?

October 19, 2025
S&P 500, Dow Jones, Nasdaq 100 crash explained: will they rebound?

S&P 500, Dow Jones, Nasdaq 100 crash explained: will they rebound?

October 19, 2025
Top crypto market news to watch this week

Top crypto market news to watch this week

October 19, 2025
Top cryptocurrencies to watch this week: Avalanche, LayerZero, TON

Top cryptocurrencies to watch this week: Avalanche, LayerZero, TON

October 19, 2025

    Get Smarter with Your Money – Sign Up for Free Financial Tips!


    Join our community of savvy savers and investors! By signing up, you'll receive weekly emails packed with personalized financial tips, budgeting hacks, and investment strategies tailored to your income level. Take control of your finances today – it’s free and only takes a minute!

    Recent News

    Why Hims & Hers stock is failing to retain menopause gains and what comes next?

    Why Hims & Hers stock is failing to retain menopause gains and what comes next?

    October 19, 2025
    S&P 500, Dow Jones, Nasdaq 100 crash explained: will they rebound?

    S&P 500, Dow Jones, Nasdaq 100 crash explained: will they rebound?

    October 19, 2025
    Top crypto market news to watch this week

    Top crypto market news to watch this week

    October 19, 2025
    Top cryptocurrencies to watch this week: Avalanche, LayerZero, TON

    Top cryptocurrencies to watch this week: Avalanche, LayerZero, TON

    October 19, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: FinancialTradeFreedom.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 financialtradefreedom.com | All Rights Reserved

    No Result
    View All Result
    • About us
    • Contacts
    • Email Whitelisting
    • Investing and Stock News
    • Privacy Policy
    • Terms and Conditions
    • Thank you

    Disclaimer: FinancialTradeFreedom.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 financialtradefreedom.com | All Rights Reserved