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A new rule from the Trump administration could make it easier to dismiss senior government workers

US federal employment levels already hit a 12-year low in October.

The government is carving out a new job category for high-ranking federal employees that could make it easier for them to dismiss about 50,000 workers, The Wall Street Journal reported last week.

Fed head dread

A rule issued by the US Office of Personnel Management last Thursday created a new category for senior career officials whose work is policy determining, making, or advocating in nature. Those falling into this category will be made exempt from long-standing job protection nets that allowed employees to appeal against firing or disciplinary actions.

That’s the latest bad news for the federal workforce, which had already shrunk rapidly last year. In October, the government’s employment levels fell to 2.73 million, the lowest point since July 2014. That was down 179,000 from September, the largest month-over-month drop since 1995, per data from the Bureau of Labor Statistics.

Federal employment levels chart
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The BLS detailed that the decline included employees who “accepted a deferred resignation offer” and finally “came off federal payrolls.” This means that the October slump reflects those affected by the extensive layoffs under DOGE (which disbanded around early November), as well as workers dismissed during the government shutdown (which ended November 14) who were still considered employed while furloughed.

Even so, preliminary figures for November and December seem to suggest that headcount may now have stabilized at ~2.74 million across both months... though legal battles and federal spending concerns are still trailing the biggest year of overhaul the federal workforce has seen to date.

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Jon Keegan

In December, the White House announced a new program to let wealthy foreigners get a shortcut to US citizenship — the Trump Gold Card. After paying a $15,000 application fee, passing a vetting process, and ultimately paying a $1 million “contribution,” the applicant gets a card in President Trump’s favorite color that grants the owner US citizenship “in record time.”

So, how many of these rich foreigners have received their shiny ticket to American residency? Commerce Secretary Howard Lutnick told a House committee today that only one of the cards has been issued, but “hundreds” of applications are being reviewed.

In December, Lutnick predicted that the cards could generate up to $1 trillion in revenue.

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Jake Lahut

Who’s next to leave the Trump admin following Chavez-DeRemer’s departure?

After a few abandoned nominations and the occasional lateral demotion during President Donald Trumps first year in office, turnover has accelerated dramatically.

Just in the past month, top officials such as Attorney General Pam Bondi, Homeland Security Secretary Kristi Noem, and Labor Secretary Lori Chavez-DeRemer have left their posts.

Following a report from The Atlantic alleging heavy drinking and absenteeism plaguing FBI Director Kash Patel, the odds of his departure from the Trump administration in 2026 shot up sharply, with traders now pricing in an 80% chance he won’t last the year.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

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Tulsi Gabbard, the director of national intelligence, is another official who could be on the ropes. Her deputy, Joe Kent, has already resigned over the Iran war. Gabbards 2020 presidential campaign — and appeal in broadening Trumps electorate in 2024 — heavily centered around ending perpetual regime change wars. The White House has indicated to Gabbard that they want her gone before the midterms, but the timing of her departure remains vague, according to two sources familiar with the discussions who spoke to Sherwood News in recent weeks.

As for who will replace the outgoing members, pay attention to who can be confirmed by the Senate. To replace Bondi, a Trump adviser told Sherwood the most likely replacements are acting Attorney General Todd Blanche, Trumps former personal attorney, as well as EPA Administrator Lee Zeldin.

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Following a report from The Atlantic alleging heavy drinking and absenteeism plaguing FBI Director Kash Patel, the odds of his departure from the Trump administration in 2026 shot up sharply, with traders now pricing in an 80% chance he won’t last the year.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

Loading...
 

Tulsi Gabbard, the director of national intelligence, is another official who could be on the ropes. Her deputy, Joe Kent, has already resigned over the Iran war. Gabbards 2020 presidential campaign — and appeal in broadening Trumps electorate in 2024 — heavily centered around ending perpetual regime change wars. The White House has indicated to Gabbard that they want her gone before the midterms, but the timing of her departure remains vague, according to two sources familiar with the discussions who spoke to Sherwood News in recent weeks.

As for who will replace the outgoing members, pay attention to who can be confirmed by the Senate. To replace Bondi, a Trump adviser told Sherwood the most likely replacements are acting Attorney General Todd Blanche, Trumps former personal attorney, as well as EPA Administrator Lee Zeldin.

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$1.4B
Rani Molla

In an effort to cement control ahead of SpaceX’s IPO, Tesla and SpaceX CEO Elon Musk bought $1.4 billion in shares of the rocket company from current and former employees last year, The Information reports, citing the confidential IPO prospectus.

The filing also revealed a moon shot incentive plan for the boss: Musk stands to gain 60 million more shares if SpaceX’s market cap increases to as high as $6.6 trillion and it completes a plan to build AI data centers in space. For its June IPO, the company is targeting a more than $2 trillion valuation.

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Jake Lahut

Lori Chavez-DeRemer out at Department of Labor

Lori Chavez-DeRemer resigned as President Donald Trumps labor secretary on Monday, sources familiar with the matter told NOTUS.

Her tenure at the department was mired in scandal, including her husband being barred from headquarters after women employees reported he had touched them inappropriately. Chavez-DeRemer and a top aide reportedly texted women on staff to pay attention to the secretarys husband and her father around the office, according to The New York Times.

The departments inspector general had been investigating those messages and personal requests made of staff members.

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Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Derivatives, LLC, or Robinhood Money, LLC. Futures and event contracts are offered through Robinhood Derivatives, LLC.