THE FEDERAL NEWSCAST, (length about seven minutes), is a weekdaily, high-information compilation of nine 40-second news stories and news packages, generated by ...
Federal union's lawsuit against 'deferred resignation program' resurfaces
A federal union’s lawsuit against the Trump administration’s deferred resignation program is resurfacing. That’s after at least seven agencies have renewed their “fork in the road” offers to federal employees, ahead of reductions in force. In response, the American Federation of
Government Employees has amended its initial complaint. The union argues that the deferred resignation offer is unlawful, and that the administration needs to issue regulations for the program before proceeding. A federal judge previously blocked AFGE’s initial complaint, saying
that the union first needed to go to the Federal Labor Relations Authority over the matter.
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7:38
Thrift Savings Plan stumbles in March
The Thrift Savings Plan stumbles in March. The only funds to post positive returns were the G, F and I funds. The government securities G fund posted the highest returns for the month, at zero-point-three-seven percent. The small cap stock index investment S fund posted the lowest return, at negative seven-point-nine-three percent. The Lifecycle funds all posted negative returns as well. Year to date, however, every fund in the TSP but the S fund is seeing positive returns. The I Fund and F Fund are among the biggest winners so far this year with return rates of over 4.6% and 2.7%, respectively.
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6:48
Targeted pay bump for junior enlisted troops goes into effect this month
Junior enlisted troops will see a pay bump this month as the Defense Department introduces a targeted pay hike this month aimed at improving service members’ quality of life. Congress
approved a significant pay raise for active-duty service members ranks E-1 through E-4 which is set to go into effect. Service members already received a 4.5% pay raise in January, but junior enlisted service members should see an additional 10% pay increase in their mid-month paychecks. This historic pay increase for junior enlisted troops is part of Congress’ efforts to improve military recruitment and retention.
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6:20
Federal employee unions are taking the administration to court after it cancelled several collective bargaining agreements
In today's Federal Newscast, federal unions have been quick to push back against President Trump’s move canceling many collective bargaining agreements.
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7:20
The contracting freeze the Trump administration instituted is causing some vendors to go out of business
In today's Federal Newscast, the Trump administration's contracting freeze has caused several contractors to go out of business.
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THE FEDERAL NEWSCAST, (length about seven minutes), is a weekdaily, high-information compilation of nine 40-second news stories and news packages, generated by the non-partisan, non-political, private-sector team of reporters at Federal News Network. Federal News Radio Producer/Newscaster Peter Musurlian assembles and reads the stories on the THE FEDERAL DRIVE with TOM TEMIN, the weekday morning-drive program, heard from 6 a.m. to 10 a.m. (ET) on the Federal News Network app (and website), on any smart speaker, and on WFED 1500 AM, a 50,000-watt 'Class A' powerhouse radio station in the nation's capital. The podcast is most popular with FNN's audience of highly educated listeners, who conveniently access THE FEDERAL NEWSCAST, 24/7, on any podcast platform . Listen to it (as just mentioned) or read the stories each weekday morning at FederalNewsNetwork.com, where the news items contain hyperlinks for those who want more information on a given story.
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