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Wednesday, October 1, 2025

Trump could use a government shutdown to turbocharge his economic agenda

 The federal government might be shut down, but President Trump is making every effort not to let that slow down his economic agenda.

The president's economic priorities that aren't directly related to the stoppage won't be interrupted, as administration-authored shutdown contingency plans allow for tariff rollouts to continue and a $20 billion bailout for Argentina to remain intact.

The White House also appears set to use the funding shortfall as an opportunity to expand Trump's imprint, with the president promising to use expanded powers in a shutdown to potentially fire government workers or even cut programs.

That nascent effort is already being likened to the Department of Government Efficiency formerly led by Elon Musk, with many affixing the moniker "DOGE 2.0" this time around.

It's part of a White House effort that could grow more ambitious the longer a shutdown lasts. And for now, no end is in immediate sight.

On Wednesday afternoon, another round of votes saw US senators fail to advance competing plans to fund the government — for the second time in as many days.

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A "closed" sign is posted on the door to a gift shop in Everglades National Park on Oct. 1, after the government shut down at midnight. (Joe Raedle/Getty Images) · Joe Raedle via Getty Images

"A lot of good can come down from shutdowns," Trump offered Tuesday evening as the deadline loomed, adding, "We can get rid of a lot of things that we didn't want, and they'd be Democrat things."

One shutdown day surprise came on Wednesday from Office of Management and budget director Russell Vought, who posted plans to put roughly $18 billion of infrastructure funding for New York City on hold.

The shutdown wasn't directly mentioned in that post, with Trump's budget chief writing that the issues there are "unconstitutional DEI principles."

But the consequences for talks were immediately evident, with the move pausing federal money in the home city of both Sen. Chuck Schumer and Rep. Hakeem Jeffries.

Schumer quickly slammed the move as "stupid and counterproductive."

Efforts around tariffs and global finance

On the issue of tariffs, Trump's team is making clear that the work of setting up future duties isn't stopping.

After all, the Commerce Department's shutdown contingency plan states that "the necessary work to address the effect of imported articles on national security" will continue.

This is an effort around investigations in progress under Section 232 of the Trade Expansion Act, which mandates months of procedures before new tariffs can be imposed.

President Trump addresses senior military officers gathered in Quantico, Va., on Sept. 30. (Andrew Harnik/Pool/AFP via Getty Images)
President Trump addresses senior military officers gathered in Quantico, Va., on Sept. 30. (Andrew Harnik/Pool/AFP via Getty Images) · ANDREW HARNIK via Getty Images

Keeping these investigations rolling is a shift from previous shutdown plans and means that 10 active Section 232 investigations by Trump's team will continue.

That will eventually mean tariffs on goods from critical minerals to semiconductors may be rolled out according to previously set deadlines.

The president is also implementing tariffs this week, with new 100% duties on a slice of pharmaceutical products and 25% tariffs on heavy trucks taking effect on Oct. 1. Those will be followed on Oct. 14 by duties on timber and various wood products.

Overseas negotiations also aren't slowing down.

Treasury Secretary Scott Bessent recently announced a plan to provide more than $20 billion in a currency swap to Argentina in an attempt to prop up the troubled — but very Trump-friendly — administration of President Javier Milei.

There are critics. Rohit Chopra, director of the Consumer Financial Protection Bureau under former President Joe Biden, was one of the first to highlight a Treasury contingency plan that appears set to allow the US government to proceed with a payment.

Chopra calls it an "inappropriate bailout" and notes, even as things like the release of economic data will cease, that money for Argentina "will be deemed an essential function of government."

NEW YORK, NEW YORK - SEPTEMBER 23: U.S. President Donald Trump (R) shakes hands with President of Argentina Javier Milei during a bilateral meeting at the 80th session of the UN’s General Assembly (UNGA) at the United Nations headquarters on September 23, 2025 in New York City. World leaders convened for the 80th Session of UNGA, with this year’s theme for the annual global meeting being “Better together: 80 years and more for peace, development and human rights.” (Photo by Chip Somodevilla/Getty Images)
President Trump shakes hands with Argentina President Javier Milei during a bilateral meeting at the UN's General Assembly in New York in September. (Chip Somodevilla/Getty Images) · Chip Somodevilla via Getty Images

'Cutting programs'

Trump's plan not to slow down during the shutdown has some historical precedents. A Washington maxim once articulated by Rahm Emanuel is to never let a "crisis go to waste."

But current White House signals suggest that efforts this time around could push both political and legal boundaries to their limits, especially when it comes to the federal workforce.

In recent days, the president has outlined plans to both fire workers and make cuts to programs that "are irreversible."

The president is also clear that the targets would be Democratic priorities, saying he would be looking at "cutting programs that they like."

The effort is already leading to litigation, with two major unions representing government employees filing a lawsuit alleging that a pre-shutdown threat to fire workers "is an unlawful abuse of power designed to punish workers and pressure Congress."

The Democratic response so far has similarly been to call it nothing more than an intimidation tactic. The left-leaning Center for American Progress released an analysis finding that a shutdown provides no justification for making permanent layoffs, which it says is backed by recent guidance from the government's Office of Personnel Management.

Either way, the move has already unsettled the federal workforce and could lead to economic ripples, depending on the specifics of how budget director Russell Vought — who is in charge of the effort, alongside his infrastructure funding move Wednesday — proceeds.

Either way, the ambitions are clear, with one White House official putting a fine point on it to The Atlantic, telling the magazine that Vought will do "what DOGE couldn't do."

https://finance.yahoo.com/news/how-trump-could-use-a-government-shutdown-to-turbocharge-his-economic-agenda-171741596.html

GEO Group Soars As ICE Extends Contract For Illegal Alien Tracking Services

 The GEO Group's subsidiary, BI Incorporated, secured a two-year contract extension with Immigration and Customs Enforcement (ICE) to continue operating the Intensive Supervision Appearance Program (ISAP), which provides electronic monitoring, case management, and supervision services for illegal aliens. The contract supplies the federal government with critical logistical support in its efforts to deport criminal illegal aliens who invaded the country under nation-killing open border policies enforced by the globalist-aligned Biden-Harris regime. 

BI's two-year contract extension to continue ISAP work in support of the Trump administration's illegal alien deportation program was effective today, with an additional one-year option period. BI does not directly deport illegals, and that is carried out by ICE's Enforcement and Removal Operations (ERO).

Here are the highlights: 

  • Contract Terms: Two-year award, beginning October 1, with an initial one-year term and a one-year option to extend.

  • Scope of Services: Electronic monitoring, case management, and supervision of individuals under ISAP. BI has been providing these services for over two decades. 

  • Track Record: BI operates through a nationwide network of 100 offices and nearly 1,000 employees, maintaining high compliance rates with its technology and case management solutions. 

Executive Chairman of GEO, George C. Zoley, stated, "We appreciate the confidence that ICE has placed in our company. We believe this important contract award is a testament to the high-quality electronic monitoring and case management services BI has consistently delivered under the ISAP contract through a nationwide network of approximately 100 offices and close to 1,000 employees."

Early in September, we pointed out...

Fast forward.

Shares of GEO jumped nearly 9% in late-morning cash trading in New York, marking their biggest gain in 6.5 months. Despite the rally, the stock remains down 20% year-to-date, though still trading well above levels when prices spiked after a Trump presidential win in early November. 

. . . 

https://www.zerohedge.com/political/geo-group-soars-ice-extends-contract-illegal-alien-tracking-services

Palisade Bio Prices Upsized $120 Million Underwritten Public Offering of Common



Palisade Bio (NASDAQ: PALI), a clinical-stage biopharmaceutical company, has announced the pricing of an upsized $120 million underwritten public offering. The offering consists of 171,440,559 shares of common stock priced at $0.70 per share.

The company has granted underwriters a 45-day option to purchase up to an additional 25,714,285 shares at the public offering price. Ladenburg Thalmann & Co. Inc. is serving as the sole book-running manager. The offering is expected to close around October 2, 2025, subject to customary closing conditions.

Bomb squad detonates ‘suspicious device’ prior to TPUSA’s first Utah event since Kirk assassination

 A “suspicious device” was detonated by law enforcement at Utah State University on Tuesday afternoon prior to the first Turning Point USA event in the state since Charlie Kirk was assassinated. The institution was already taking extra security measures amid “heightened concerns.”

According to a statement from Utah State University, a “suspicious device” was located near the exterior of Old Main, a building on campus. While the device was deemed to be “non-explosive,” it was detonated by a bomb squad. Someone can be heard yelling “fire in the hole” before a loud explosion was heard, according to a video obtained by Fox News.

“A suspicious device was found near the exterior of Old Main. University and local law enforcement were dispatched to the scene. A device was located and deemed to be a non-explosive device. Out of an abundance of caution, the bomb squad detonated the suspicious device. Old Main building is now clear and safe. All scheduled events may resume as normal,” the university statement read.

Utah State University Executive Director of Public Safety Ellis Bruch told Fox News that an employee observed an individual place the device under a tree near Old Main and thought it was suspicious. He said a K-9 gave a “bit of an indication” on the device, which prompted a response by the bomb squad.

A drone view shows people waiting in line ahead of a Turning Point USA event at Utah State University campus, in Logan, Utah, U.S., September 30, 2025.REUTERS
A member of the law-enforcement bomb squad disposal team gets prepared to work at the Utah State University campus, after a building was evacuated following a bomb threat ahead of the Turning Point USA event in Logan, Utah, U.S., September 30, 2025.REUTERS

Bruch said no one was hurt as a result of the incident.

The Turning Point USA chapter at Utah State University is set to host Alex Clark; Sen. Mike Lee, R-Utah; Utah Gov. Spencer Cox; Rep. Andy Biggs, R-Ariz.; and former Congressman Jason Chaffetz on Tuesday night. It’s the first TPUSA event in the state since the organization’s founder was assassinated at Utah Valley University Sept. 10.

Suspected assassin Tyler Robinson has been charged with aggravated murder, two counts of obstruction of justice and felony discharge of a firearm causing serious bodily injury, two counts of witness tampering and commission of a violent offense in the presence of a child.

A bomb sniffing dog inspects members of the media’s bags after a building was evacuated following a bomb threat ahead of the Turning Point USA event in Logan, Utah, U.S., September 30, 2025.REUTERS
Utah State University said security for the TPUSA event will operate similarly to athletic events “to help protect the safety of participants and speakers.”

The following security measures are being taken for the TPUSA event:

Everyone going into the event will pass through magnetometers. Individuals who bring a firearm must follow Utah law for firearms on campuses and possess a Utah conceal-carry permit.

  • Backpacks and bags larger than 6.5 by 4.5 inches will not be allowed. Small purse clutches no larger than 6.5 inches by 4.5 inches will be searched.
  • No outside signs allowed.
  • No re-entry.

“Given the heightened concerns, USU’s department of public safety is continuing to collaborate with these partners to ensure appropriate safety measures and protocols are in place,” Utah State University explained.

https://nypost.com/2025/09/30/us-news/bomb-squad-detonates-suspicious-device-prior-to-tpusas-first-utah-event-since-charlie-kirk-assassination/