Roundup: Airline stocks / Federal funding cuts / HHS layoffs
Apr 01, 2025
Falling: Airline stocks slid further on Tuesday as Wall Street’s concerns about weaker-than-expected travel demand amid looming tariffs and a sharp drop in consumer confidence continue to weigh on the sector. Delta Air Lines will kick off U.S. airlines’ earnings season when it reports results o
n April 9. Read more from CNBC.
Louisiana hit hard: The impact of federal funding cuts on Louisiana is becoming more clear as state agencies submit their budget proposals ahead of the upcoming legislative session. The Louisiana Department of Wildlife and Fisheries is facing a sharp budget reduction, with a total request of $199.4 million—down $94 million. The decline is mainly due to a $71 million drop in federal funding. Read more from The Center Square.
10,000 to lose jobs: The Trump administration began mass layoffs of 10,000 staffers at U.S. health agencies on Tuesday, with security guards barring entry to some employees just hours after they received dismissal notices. The cuts, which affect several high-profile agencies under the Department of Health and Human Services, are part of a broad plan by President Donald Trump and billionaire ally Elon Musk to shrink the federal government. Read more from Reuters.
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