September saw record spending on credit cards and a surge in new card additions. Festivals and tax cuts fueled domestic consumption. Total monthly card spends exceeded 2.16 lakh crore, a significant year-on-year increase. E-commerce spending was particularly strong. This trend is expected to continue into October with ongoing festive promotions and discounts.
A federal judge has stopped the Trump administration from firing federal employees. This decision comes amid a government shutdown. The judge issued an injunction to halt the job cuts. This action challenges the administration's authority. Labor unions are suing to stop these layoffs. They claim the firings are an abuse of power.
The challenges facing America's nuclear bomb core production at Los Alamos National Laboratory couldn't be starker. The PF-4 building, old and deteriorating, experiences regular disruptions and contamination, hampering the nations ambitious plans for nuclear modernization, which are already off track and financially strained.
US Vice President JD Vance has confirmed that military members will be paid this week, providing some relief amidst a turbulent government shutdown. However, this situation has left millions grappling with cuts to food assistance and unpaid wages. Advocacy from federal employee unions is mounting for an urgent funding resolution.
