Federal workers say they are frustrated, scared and angry after the White House threatened to withhold their back pay once the government shutdown ends.
Why it matters: Many of these folks are living paycheck to paycheck and can't afford to simply not be paid. It's the latest blow to the country's largest workforce.
750,000 federal employees are on furlough — that is, they've been told not work during the shutdown and aren't getting paid. Others are working without pay.
The AFL-CIO, the nation's largest labor federation, addressed a letter to members of the Senate Banking Committee Monday night opposing the Senate's draft legislation to create a regulatory framework for the trading of digital assets.
The big picture: Citing the "volatility of the assets class," the labor giant says it worries about the retirement funds of its millions of members if cryptocurrency were to become more common in portfolios.
Tesla debuted a slightly cheaper version of its Model Y crossover and Model 3 sedan on Tuesday.
Why it matters: The announcement apparently disappointed investors who were eager to see what the company had in store after it teased a product reveal.
The Trump administration has quietly ended support for a program that helped poor people access federal disability benefits — and prevented homelessness.
Why it matters: The cutback, enacted in August but little noticed at the time, is the latest in a series of hits to the poorest Americans from the administration.
President Trump called Democrats "insurrectionists" Tuesday and slammed the left for what he described as "kamikaze" attacks on America, invoking increasingly warlike rhetoric to describe the opposition party.
Why it matters: The president has repeatedly floated the idea of invoking the rarely used Insurrection Act to send federal troops to blue cities like Chicago and Portland without local approval.
San Francisco Federal Reserve president Mary Daly sees good reason for the Fed to move forward with more interest rate cuts in the months ahead, which she believes will shield workers from "unnecessary hardship."
Why it matters: With the economy experiencing an unusual combination of robust GDP growth, weak job creation and elevated inflation, Fed officials face a delicate balancing act in deciding the path of interest rate policy.
San Francisco Fed president Mary Daly doesn't think a potential AI bubble in the stock market would threaten broader financial stability.
Why it matters: If the Fed doesn't see an AI-fueled selloff as an economic risk, it may be less likely to intervene if the bubble bursts and stocks slide.
Flights at major U.S. airports were delayed amid staffing issues on Monday night, hours after Transportation Secretary Sean Duffy reported an uptick in air traffic controllers calling in sick since the government shutdown began.
Why it matters: The disruptions were affecting airports in the Los Angeles-area, Newark and Denver. But there are concerns the situation could escalate like during the 2019 shutdown, when severe strains on U.S. air travel helped push President Trump to end it after 35 days.
President Trump announced the U.S. will take a 10% stake in Canadian minerals explorer Trilogy Metals and ordered the approval of a permit for a mining road in northwest Alaska.
Why it matters: Interior Secretary Doug Burgum told reporters the moves will unlock "all of the minerals that we need to win the AI arms race against China," which dominates in the processing of metals.
