October 3, 2025
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50:46Now PlayingPresident Donald Trump is weighing slashing “thousands” of federal jobs ahead of a meeting with his budget director, Russell Vought, as the White House looks to ratchet up pressure on Democrats to end a government shutdown that has entered its second day. “It’s likely going to be in the thousands,” White House press secretary Karoline Leavitt told reporters on Thursday, saying that the “entire team at the White House” was working to identify possible cuts. On the economic front, David Solomon expects the US economy to accelerate into 2026 as tailwinds from continued stimulus and tech spending outweigh a softer labor market and geopolitical turmoil from Italian Tech Week.
Government spending and “all of the AI infrastructure build” means — on balance — the economy was “still in pretty good shape,” the Goldman Sachs Group CEO said in an interview broadcast on Bloomberg TV.
Today's guests: Seema Shah, Principal Asset Management Chief Global Strategist, Robin Niblett, Chatham House Distinguished Fellow and former CEO
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