WATCH TV LIVE

Skip to main content
NEWSMAX TV HEALTH MONEY WORLD
Tags: fdic | cuts | staff | doge

FDIC Hunts for Extra 20 Percent Staff Cuts With DOGE

Thursday, 10 April 2025 09:15 PM EDT

U.S. Federal Deposit Insurance Corporation is looking for ways to cut staffing by an additional 20% as part of Elon Musk's Department of Government Efficiency cost-cutting, Bloomberg News reported Thursday, citing people familiar with the matter.

Reuters earlier in the day reported that the regulator, which monitors banks and backstops deposits via its insurance fund, has brought on a "small team" of DOGE staffers to work with the agency's leadership.

© 2025 Thomson/Reuters. All rights reserved.


Click Here to comment on this article
Share
Newsfront
U.S. Federal Deposit Insurance Corporation is looking for ways to cut staffing by an additional 20% as part of Elon Musk's Department of Government Efficiency cost-cutting, it was reported Thursday.
fdic, cuts, staff, doge
70
2025-15-10
Thursday, 10 April 2025 09:15 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Interest-Based Advertising | Do not sell or share my personal information

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
Download the Newsmax App
Apple
Android
Amazon
Samsung
Vizio
Roku
Sony
LG
Scan QR code to get the NewsmaxTV App
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved