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What a Government Shutdown Means | Bloomberg Businessweek
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October 2, 2025
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White House Budget Director Russell Vought is planning to swiftly dismiss federal workers, a sign that Republicans will lean into hardball tactics to pressure Democrats to cave to end a government shutdown.
Vought told House lawmakers Wednesday that some federal agencies will move to terminate workers within one to two days, according to people familiar with the remarks, who requested anonymity to discuss a private meeting.
White House Press Secretary Karoline Leavitt told reporters that layoffs would happen within “two days, imminent, very soon” but declined to give any details about what agencies or positions would be targeted.
President Donald Trump and his team have moved quickly to capitalize on the shutdown to shrink the size of the federal government.
The administration earlier Wednesday halted $18 billion in federal funding for infrastructure projects in New York City, including for the Second Avenue Subway project and Hudson Tunnel Project.
Today's show features:
Bloomberg Intelligence Senior Policy Analyst Nathan Dean on the US Government Shutting Down
Her Excellency Noor bint Ali Alkhulaif, CEO of Bahrain Economic Development Board and Kingdom of Bahrain’s Minister of Sustainable Development
Angie Franks, CEO of Kalderos, and Bloomberg News Health Reporter Damian Garde on the Trump administration securing drug pricing deals with pharmaceutical companies
Drive to the Close with Alexis Browne Roberts, COO & Portfolio Manager at Alexis Investment Partners
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Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories of global technology, politics, economics and more by harnessing the power of Bloomberg Businessweek reporters and editors.
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