06-00-Market

Despite a judge’s order to extend the deadline at least until next week, President Trump’s “Fork in the Road” deferred resignation has already seen 40,000 government employees take the offer. U.S. District Judge George A. O’Toole Jr. extended the deadline to allow unions a chance to sue.

White House says 40,000 federal workers accepted deferred resignation– www.washingtonexaminer.com
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On Thursday, U.S. District Judge George A. O’Toole Jr. ruled against President Donald Trump’s “Fork in the Road” deferred resignation offer deadline, extending it from Thursday to at least Monday to allow labor unions to challenge its legality. Before he could extend the deadline, however, tens of thousands of employees had accepted the offer.

According to White House press secretary Karoline Leavitt, 40,000 federal workers accepted the deal — eight months of pay and benefits until September. The total represents about 2% of the federal workforce.

The White House’s reported goal was between 5% and 10% of the federal workforce.

Certain specifics of the plan haven’t been disclosed, such as whether workers who accept the offer can go into the private sector while still receiving paychecks from the federal government or how pensions and other benefits are affected. Labor unions cast doubt that Trump would stay true to the agreement.

The offer was emailed to all federal employees by the Office of Personnel Management on Jan. 28. The memo, titled “Fork in the Road,” demanded that employees begin to adhere to a much stricter code or resign.

The memo said that the “reformed federal workforce” would be built around four pillars: return to the office, performance culture, a more streamlined and flexible workforce, and enhanced standards of conduct.

After DOGE accessed the Treasury Department’s payment data when Homeland Security Officers had to be called to remove resisting bureaucrats from the premises, they discovered a far-left slush fund called USAID. Soon after, U.S. District Judge Colleen Kollar-Kotelly halted the operation.

Now, the operation, the forensic investigation of government budget by DOGE, can continue after the DOJ agrees to a proposed order that would allow only two Musk-approved, but Treasury Department employed people to have access to the data, but only in read-only mode. These two special employees are Tom Krause and Marko Elaz.

DOJ agrees to proposed order to limit DOGE’s access to Treasury data – ABC News
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In a filing late Wednesday evening, lawyers with the Justice Department agreed to a proposed order that would largely prohibit the Treasury Department from sharing sensitive financial data with Elon Musk’s Department of Government Efficiency.

The agreement allows two individuals associated with Musk but employed by the Treasury Department – called special government employees – to have “read only” access to the sensitive data.

Once approved by U.S. District Judge Colleen Kollar-Kotelly, who is overseeing the case, the agreement will stay in place until Feb. 24 when both sides return to court to argue about a long-term preliminary injunction.

The two special government employees allowed to continue seeing Treasury Department data are Tom Krause and Marko Elez, according to the filing. Krause is the former chief executive of Cloud Software Group, a Silicon Valley tech company. Marko Elez is a 25-year-old engineer who used to work for Musk’s X and SpaceX.

Exclusive | Rep. Mike Lawler calls for RICO probe as NY Dems plan election switch to thwart Trump agenda – New York Post
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GOP Rep. Mike Lawler vowed Monday to request a federal racketeering probe against New York over Albany Democrats’ plot to keep an Empire State congressional seat open – and hobble the Republican majority.

Lawler joined a growing chorus of high-profile Republicans who condemned Dems for considering changing state election laws to keep the deep-red upstate District 21 seat held by Rep. Elise Stefanik (R-NY) open well after her expected resignation.

“I am going to be requesting that the Department of Justice open up a RICO investigation into New York State, because this is as corrupt a state as we have seen,” Lawler said.

State Farm proposes home insurance price hike after $1 billion spent on LA fire claims– www.washingtonexaminer.com
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State Farm wants to raise home insurance rates for Californians by an average of 22% after the company paid out roughly $1 billion in claims due to the Los Angeles fires.

As the largest home insurance company in the United States, State Farm covers 20% of the area devastated by the fires in Los Angeles County, which the company said ranked as “the costliest disasters in the history of State Farm General.” In Altadena alone, 6,000 homes, or around 40% of all residential units, were destroyed by the fires, according to a Los Angeles Times analysis.

Salesforce Layoffs Over 1,000 Jobs – APAC News Network
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According to a Bloomberg News story, Salesforce plans to fire around 1,000 workers as it focuses on AI-powered products.

The US-based corporation is aggressively hiring for positions that fit with its AI expansion strategy even as it makes layoffs.

Although displaced workers will be given the chance to apply for internal jobs, it is still unknown which particular departments would be affected. Regarding the layoffs, which take place at the start of Salesforce’s new fiscal year, the company has not yet released an official comment.

 

Transgender Service Members Left in Uncertainty After Trump’s Military Ban – TIME
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When Kate Cole, a 34-year-old U.S. Army Sergeant First Class and transgender woman, eventually retires from the military, she has dreams of moving from California to Colorado to work as a climbing guide. But right now, she only wants one thing: to be allowed to serve her country.

“I enjoy the work I do. I like working with the people I work with. The Army is my community,” says Cole, one of six trans service members who are suing the Trump Administration for its trans military ban, an Executive Order announced on January 27 that prohibits transgender troops from enlisting and serving openly in the military. “It’s my life.”

While the way the Department of Defense would implement the ban is unclear, the Executive Order would cut Cole and other trans service members from their jobs.

The National Center for Lesbian Rights (NCLR) and GLBTQ Legal Advocates & Defenders (GLAD Law) filed a federal lawsuit on January 28 in the U.S. District Court for the District of Columbia against the Trump Administration in response to the order, saying the ban violates equal protection.

Ecuador announces 27% tariffs on Mexican goods – WTHITV.com
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Ecuador will apply a 27% tariff on Mexican goods to “ensure fair treatment” of Ecuadorian producers, President Daniel Noboa said on Monday.

In a post on X, Noboa said he is open to signing a free trade deal with Mexico, but “not when there is abuse,” though did not elaborate. The president said that until a free trade deal is struck, a 27% tariff will apply to goods imported from Mexico.

Ecuador imported $541 million worth of goods from Mexico in 2023, Mexican government data shows. The biggest single import was medication, representing 12.6% of the goods sold from Mexico to Ecuador that year.

President Donald J Trump’s use of tariffs has been justified by the 1977 International Emergency Economic Powers Act, a distinction that enables him to use tariffs at will for whatever he deems an “emergency,” with little chance a court would dare set a precedent of empowering the courts to define what emergencies are.

The fruit of that labor has yielded two quick victories, with both Canada and Mexico capitulating to President Donald Trump’s demands to do something to limit the flow of fentanyl coming from both countries into America. Each nation has pledged 10K troops to the task, and each nation is now renegotiating its deals with America as a new 30-day deadline looms.

How Trump’s Bold Use of Tariffs Made Mexico and Canada Cave– www.dailysignal.com
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By using the threat of tariffs to pressure Canada and Mexico to pledge to stop the flow of fentanyl into the United States, President Donald Trump pursued a novel legal theory. He declared an emergency then used his emergency authority to threaten to impose tariffs to get our neighbors to comply with his border enforcement and economic policies.

Trump bypassed the typical avenues of tariff policy and instead used the 1977 International Emergency Economic Powers Act to declare the emergency and justify his tariff threats.

The act has been used by various presidents since the 1970s to respond to threats such as the Iran Hostage Crisis, the international drug trade, and the rise of Chinese-owned social media app TikTok. 

But presidents have only used it to freeze transactions or seize properties—never to implement broad tariffs.

Trump threatened 25% tariffs on Canadian and Mexican goods if they did not address the importation of fentanyl into the United States. (GEOFF ROBINS/AFP via Getty Images)

Elon Musk responds after claims of DOGE gaining access to sensitive payment systems: Team discovered that – The Times of India
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The Department of Government Efficiency (DOGE), a task force led by Tesla CEO and billionaire adviser Elon Musk under President Donald Trump, has reportedly secured access to sensitive Treasury data, including Social Security and Medicare payment systems. According to a report in the New York Times, quoting two individuals familiar with the situation, this development raises concerns about potential misuse of taxpayer information. India