The U.S. government has started to layoff federal employees, the Office of Management and Budget's chief Russell Vought said on Friday, the 10th day of the shutdown, which is the first in six years.
In a post on the social media platform X, Vought said, "The RIFs have begun." RIFs is an acronym for reductions in force.
President Donald Trump had signaled such a move, which he said was intended to reduce the excess workforce that Democrats had created.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.