FDIC hunting for extra 20% staff cut as DOGE descends on agency, Bloomberg News reports

ReutersApr 11, 2025 12:35 AM

April 10 (Reuters) - 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 on 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 .

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Recommended Articles

MSTR Stock Price Prediction 2026-2030: Is Strategy the Ultimate Bitcoin Leveraged Play?

trategy Inc. has evolved from a nascent software company into a complex financial engine. Whether you are watching the MSTR stock price today for a day trade or evaluating it for a decade-long hold, the company represents the premier equity vehicle for the digital age.

Alphabet Q1 Preview: How Much Upside is Left

Alphabet (GOOG/L) entered 2026 as a true AI champion, with the stock price being up 115% (118% for GOOGL) in the last 12 months. For 2025, the GOOG revenuSo far, the fears that AI will cannibalize GOOG ad revenue seem unjustified; if not, AI is boosting the revenue growth with better-targeted advert

Deep Analysis 48 Hours Before Microsoft Earnings: OpenAI Agreement Restructuring Implemented, Three Variables of Azure, Copilot, and Capital Expenditure Determine MSFT Valuation Recovery Path

Microsoft released its FY26 Q3 earnings on April 29. This article provides an in-depth analysis of the impact of the OpenAI agreement restructuring, examining three key metrics—Azure growth, a 3.3% Copilot penetration rate, and $110 billion in capital expenditure—to determine whether MSFT’s forward P/E of 22x offers a long-term positioning opportunity.

SEC, CFTC and White House ‘Triple Resonance,’ Can Bitcoin Break $80,000 During the CLARITY Act Window?

The SEC, CFTC, and the White House are collectively advancing the U.S. crypto regulatory environment, and Bitcoin prices are expected to further strengthen.

Microsoft 2026 Q3 Earnings Preview: Can Azure’s Growth Momentum Keep Up With Massive AI Capital Spending?

TradingKey - Microsoft (MSFT) is scheduled to release its Q3 FY2026 earnings report after the market close on April 29, ET. As one of the most proactive tech giants in advancing global AI strategies, this report is regarded as a key indicator for evaluating the large-scale monetization of AI technology and the growth resilience of its cloud business.

Featured Tools