World PulseNow
Newsletter

IRS to furlough over 34,000 employees amid government shutdown

Investing.com•Wednesday, October 8, 2025 at 7:28:17 PM
NegativeFinancial Markets
IRS to furlough over 34,000 employees amid government shutdown
The IRS is set to furlough over 34,000 employees due to the ongoing government shutdown, which is a significant development affecting tax services and federal operations. This furlough not only disrupts the livelihoods of thousands of workers but also raises concerns about the efficiency of tax processing and customer service during a critical time for taxpayers. The implications of this shutdown could lead to delays in tax refunds and increased frustration for individuals and businesses alike.
— Curated by the World Pulse Now AI Editorial System
Read Original

Was this article worth reading? Share it

Recommended Readings
Argentina lower house approves law curbing presidential decrees
Investing.coman hour ago
Argentina lower house approves law curbing presidential decrees
PositiveFinancial Markets
Argentina's lower house has approved a significant law aimed at curbing the power of presidential decrees. This move is crucial as it seeks to enhance democratic processes and ensure greater accountability within the government. By limiting the extent to which the president can issue decrees, the law aims to foster a more balanced distribution of power, which is essential for a healthy democracy.
Read full article
via Investing.com
IRS Halts Most Taxpayer Services As It Furloughs Nearly Half Its Workers
Forbes2 hours ago
IRS Halts Most Taxpayer Services As It Furloughs Nearly Half Its Workers
NegativeFinancial Markets
The IRS has announced a significant reduction in its services, furloughing nearly half of its workforce. This move is concerning for taxpayers as it means delays in processing refunds and amended returns, even though tax filings and payments remain due. The Criminal Investigation unit will continue to operate, but the overall impact on taxpayer services could lead to frustration and confusion during tax season.
Read full article
via Forbes
IRS to furlough nearly half of its workforce due to US government shutdown
Investing.com3 hours ago
IRS to furlough nearly half of its workforce due to US government shutdown
NegativeFinancial Markets
The IRS is set to furlough nearly half of its workforce due to the ongoing US government shutdown, which could significantly impact tax services and processing times. This situation highlights the broader implications of government funding issues, affecting not just IRS employees but also taxpayers who rely on timely tax assistance. As the shutdown continues, many are left wondering how long these disruptions will last and what it means for the economy.
Read full article
via Investing.com
Exclusive-Ford F-150 Lightning plant hit by aluminum fire-related shutdown, union official says
Investing.com3 hours ago
Exclusive-Ford F-150 Lightning plant hit by aluminum fire-related shutdown, union official says
NegativeFinancial Markets
The Ford F-150 Lightning plant has been temporarily shut down due to an aluminum fire, according to a union official. This incident not only disrupts production but also raises concerns about safety and operational efficiency at the facility. The F-150 Lightning is a key player in Ford's electric vehicle strategy, making this setback significant for the company's plans to lead in the EV market.
Read full article
via Investing.com
Some Ford employees say they’ve been warned they could be fired for not going back to the office, report says
Fortune3 hours ago
Some Ford employees say they’ve been warned they could be fired for not going back to the office, report says
NegativeFinancial Markets
Ford's recent decision to enforce a stricter return-to-office policy has raised concerns among employees, with reports indicating that some have been warned about potential job loss for not complying. This move, part of CEO Jim Farley's strategy to revitalize the company, requires most salaried staff to be on-site four days a week. The implications of this policy could affect employee morale and retention, as many workers may prefer the flexibility of remote work.
Read full article
via Fortune
Factbox-Who is still working and who has been furloughed in the US government shutdown?
Investing.com4 hours ago
Factbox-Who is still working and who has been furloughed in the US government shutdown?
NeutralFinancial Markets
The ongoing US government shutdown has left many employees in limbo, with some continuing to work while others have been furloughed. This situation is significant as it affects the functioning of various government services and the livelihoods of thousands of workers. Understanding who is still on the job and who is not helps shed light on the broader implications of the shutdown for the economy and public services.
Read full article
via Investing.com
Exclusive-Russia’s central bank calls out violations in state asset grab
Investing.com4 hours ago
Exclusive-Russia’s central bank calls out violations in state asset grab
NegativeFinancial Markets
Russia's central bank has raised alarms over significant violations related to the government's handling of state assets. This situation is crucial as it highlights potential mismanagement and corruption within the government, which could undermine public trust and economic stability. The central bank's intervention signals a need for accountability and transparency in state asset management.
Read full article
via Investing.com
IRS to furlough almost half its workforce under contingency plan for government shutdown
Fortune4 hours ago
IRS to furlough almost half its workforce under contingency plan for government shutdown
NegativeFinancial Markets
The IRS is preparing to furlough nearly half of its workforce due to a contingency plan triggered by a potential government shutdown. This situation arises as President Trump indicated that around 750,000 federal workers across various agencies could face furloughs, with some at risk of termination. This news is significant as it highlights the broader implications of a government shutdown, affecting not only IRS operations but also the livelihoods of many federal employees.
Read full article
via Fortune
Chevron expects Hess acquisition to outperform targets, CEO tells employees
Investing.com5 hours ago
Chevron expects Hess acquisition to outperform targets, CEO tells employees
PositiveFinancial Markets
Chevron's CEO has shared optimistic news with employees regarding the recent acquisition of Hess, stating that the deal is expected to exceed performance targets. This acquisition is significant as it not only strengthens Chevron's position in the energy market but also reflects the company's commitment to growth and innovation. Employees can look forward to new opportunities and advancements as the integration progresses.
Read full article
via Investing.com
Brazil not planning free public transport soon, presidential chief of staff says
Investing.com5 hours ago
Brazil not planning free public transport soon, presidential chief of staff says
NegativeFinancial Markets
Brazil's presidential chief of staff has announced that the government is not planning to implement free public transport in the near future. This decision is significant as it reflects ongoing challenges in addressing public transportation costs, which affect many citizens. The lack of free transport options may hinder access to jobs and services for low-income families, highlighting the need for more comprehensive transportation policies.
Read full article
via Investing.com
Bond Traders See Data Whirlwind Shattering Shutdown-Induced Calm
Bloomberg6 hours ago
Bond Traders See Data Whirlwind Shattering Shutdown-Induced Calm
PositiveFinancial Markets
Bond traders are gearing up for a significant shift in the market as the US government shutdown comes to an end. This period of inactivity has left the bond market stagnant, but the anticipated release of crucial economic data is expected to spark a flurry of trading activity. This matters because it could lead to new investment opportunities and shifts in market dynamics, impacting both investors and the broader economy.
Read full article
via Bloomberg
Factbox-Upcoming deadlines in the US government shutdown
Investing.com6 hours ago
Factbox-Upcoming deadlines in the US government shutdown
NeutralFinancial Markets
As the US government faces a potential shutdown, key deadlines are approaching that could impact various federal operations. Understanding these deadlines is crucial for citizens and businesses alike, as they may affect services, funding, and employment. Staying informed helps everyone prepare for possible disruptions.
Read full article
via Investing.com
Latest from Financial Markets
Replimune’s SWOT analysis: oncology biotech stock faces FDA hurdles
Investing.com25 minutes ago
Replimune’s SWOT analysis: oncology biotech stock faces FDA hurdles
NegativeFinancial Markets
Replimune, a biotech company focused on oncology, is facing significant challenges as it navigates FDA hurdles that could impact its stock performance. This situation is crucial for investors and stakeholders, as regulatory approvals are vital for the company's future growth and success in the competitive biotech landscape.
Read full article
via Investing.com
zSpace CFO DeOliveira sells $6.7k in common stock
Investing.com26 minutes ago
zSpace CFO DeOliveira sells $6.7k in common stock
NeutralFinancial Markets
zSpace's CFO, DeOliveira, has sold $6.7k worth of common stock. This transaction is part of the normal financial activities that executives engage in, and while it may raise some eyebrows, it doesn't necessarily indicate any major shifts within the company. Such sales can be routine for executives looking to diversify their personal investments.
Read full article
via Investing.com
Silvaco group CFO Zegarelli buys $25,653 in shares
Investing.com27 minutes ago
Silvaco group CFO Zegarelli buys $25,653 in shares
PositiveFinancial Markets
Silvaco's CFO, Zegarelli, has made a notable investment by purchasing $25,653 worth of shares in the company. This move is significant as it reflects confidence in the company's future performance and can positively influence investor sentiment. Such insider buying often signals to the market that executives believe their company's stock is undervalued, potentially leading to increased interest from other investors.
Read full article
via Investing.com
Carvana CEO Garcia sells $3.7 million in CVNA stock
Investing.com27 minutes ago
Carvana CEO Garcia sells $3.7 million in CVNA stock
NeutralFinancial Markets
Carvana's CEO, Ernie Garcia, has sold $3.7 million worth of CVNA stock, a move that raises eyebrows in the financial community. While stock sales by executives can sometimes signal a lack of confidence in a company's future, Garcia's sale appears to be part of a planned strategy rather than a reaction to immediate concerns. This development is significant as it reflects the ongoing dynamics of the used car market and investor sentiment towards Carvana's performance.
Read full article
via Investing.com
Banco Macro announces $225 billion peso share repurchase program
Investing.com27 minutes ago
Banco Macro announces $225 billion peso share repurchase program
PositiveFinancial Markets
Banco Macro has announced a significant share repurchase program worth 225 billion pesos, a move that reflects the bank's strong financial position and commitment to enhancing shareholder value. This initiative is expected to boost investor confidence and may lead to an increase in the bank's stock price, making it an important development in the Argentine financial landscape.
Read full article
via Investing.com
General Motors’ SWOT analysis: tariff challenges test automaker’s stock resilience
Investing.com28 minutes ago
General Motors’ SWOT analysis: tariff challenges test automaker’s stock resilience
NeutralFinancial Markets
General Motors is currently facing challenges due to tariffs that are testing the resilience of its stock. This SWOT analysis highlights the strengths, weaknesses, opportunities, and threats the automaker is navigating in a complex economic landscape. Understanding these factors is crucial for investors and stakeholders as they assess the company's future performance and strategic direction.
Read full article
via Investing.com