What We're Watching
DOGE deal and funding deadlines create chaos in Washington
President Donald Trump in the Oval Office at the White House on Feb. 5, 2025.
Francis Chung/Pool/ABACAPRESS.COM via Reuters
President Donald Trump in the Oval Office at the White House on Feb. 5, 2025.
Thursday is the deadline for federal employees to accept the Trump administration’s offer of eight months of pay and benefits in exchange for abandoning their posts. As of Wednesday, more than 40,000 employees, less than 2% of the federal workforce, had reportedly accepted the buyout.
The offer has pitted the Office of Personnel Management – which is working in conjunction with Elon Musk and the Department of Government Efficiency – against unions and lawmakers who are advising people against taking the offer, citing its vagueness, that it waives employees rights to challenge the terms of the deal in the future, and questions about where the money for a new, expensive buyout program will come from – especially since the government is only funded through mid-March.
And the budget battles are already heating up. The odds that the government shuts down on March 14 are high, as neither side has yet to even agree on what the top-line budget 2025 amount should be. Republicans disagree on the size and scope of Trump’s ambitious demands for cuts, and razor-thin margins in the House mean they can’t afford any defections. Just last week, they had to table a preliminary vote on advancing Trump’s agenda over disagreements about how much spending could be cut.
Meanwhile, any budget bill will need to be bipartisan to pass the Senate (the partisan breakdown is 53 Republicans, 45 Democrats, and two independents who normally caucus with the Dems, and 60 votes are required). Democrats, who are outraged over Trump’s efforts to freeze funding that was previously allocated by Congress, want to use the deadline to push back on Trump's agenda.GZERO Media is back on the podium at the 47th Annual Telly Awards, adding six more trophies to our shelf — including three in Gold! We’re so grateful to be recognized for our groundbreaking work in global analysis and… *checks notes*... geopolitical puppetry.
Two weeks of protests have paralyzed Bolivia's capital, La Paz, costing businesses $50 million a day amid the country's worst economic crisis in 40 years. Unions are calling for the resignation of President Rodrigo Paz, just six months into his tenure.
Japanese PM Sanae Takaichi and South Korean President Lee Jae Myung meet this week for a two-day summit focused on security, energy, and critical minerals. The two leaders appear to differ on China’s engagement in the future of the region.