Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Mutual funds take a shine to bank stocks
    • BMO Announces Changes to Certain BMO Mutual Funds and Proposed Fund Mergers
    • Should You Invest In Multi-Asset Funds?
    • Investors turn to gold, not bonds, as Iran war widens
    • NPS vs Mutual Funds For Retirement: Which Investment Option Is Better?
    • Stocks and Bonds Sink as Oil Surge Rattles Traders: Markets Wrap
    • Bitcoin, Ethereum ETFs extend inflow streak as institutional demand returns
    • Middle East crisis: Should you invest in gold ETFs or silver ETFs? Here’s what experts suggest
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Funds»Trump orders US defense secretary to use ‘all available funds’ to ensure military pay during government shutdown
    Funds

    Trump orders US defense secretary to use ‘all available funds’ to ensure military pay during government shutdown

    October 11, 2025


    ISTANBUL

    US President Donald Trump on Saturday instructed Defense Secretary Pete Hegseth to allocate all of the department’s “available funds” to ensure that military service members are paid during the government shutdown, which is approaching its third week.

    Trump, seeking to place blame on congressional Democrats and specifically mentioning Senate Minority Leader Chuck Schumer, stated that troops will not get their upcoming paychecks. Service members are set to receive their next payments next Wednesday.

    Using an unofficial variant name for the defense secretary, Trump wrote on his social media site Truth Social: “That is why I am using my authority, as Commander in Chief, to direct our Secretary of War, Pete Hegseth, to use all available funds to get our Troops PAID on October 15th.”

    “We have identified funds to do this, and Secretary Hegseth will use them to PAY OUR TROOPS,” he added.

    An Office of Management and Budget spokesperson told The Hill that the identified funding comes from “portions of research and development money” at the Defense Department, which is available for two years.

    Democrats and Republicans have urged House Speaker Mike Johnson to reconvene Congress’ lower house to pass a bill ensuring military pay next week. Reps. Gabe Vasquez and Derek Tran warned in a letter that without action by next Wednesday, nearly 3 million military families could miss their pay.

    In contrast with Pentagon employees, Trump has said that some government employees do not “deserve” to be paid, and suggested he would not do so.

    During previous government shutdowns, standard procedure has been to keep essential workers on the job, but unpaid, and furlough nonessential workers, also unpaid, but then give them all back pay once the shutdown is over.

    Trump, however, has threatened to fire – not just furlough – thousands of workers and also not give others their back pay.

    Democrats and labor unions call the moves illegal and pledged to challenge them in court.



    Anadolu Agency website contains only a portion of the news stories offered to subscribers in the AA News Broadcasting System (HAS), and in summarized form. Please contact us for subscription options.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Mutual Funds: What Are Focused Funds? How They Work And Which Schemes Are Outperforming | Markets News

    March 2, 2026

    Life-cycle funds: Match goals with tenure, pick glide path for your risk | Personal Finance

    March 2, 2026

    Retail investors shun private credit funds after Blue Owl gating

    March 1, 2026
    Leave A Reply Cancel Reply

    Top Posts

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    Bitcoin, Ethereum ETFs extend inflow streak as institutional demand returns

    March 3, 2026

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023
    Don't Miss
    Mutual Funds

    Mutual funds take a shine to bank stocks

    March 3, 2026

    The robust fundamentals of the banking sector is reflected in the performance of the bank…

    BMO Announces Changes to Certain BMO Mutual Funds and Proposed Fund Mergers

    March 3, 2026

    Should You Invest In Multi-Asset Funds?

    March 3, 2026

    Investors turn to gold, not bonds, as Iran war widens

    March 3, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Defence mutual funds lose sheen, fall up to 5% in a month. Should you allocate more?

    August 21, 2024

    Congo ex-justice minister sentenced to 3 years of forced labor for embezzling public funds

    September 2, 2025

    UTI Mutual Fund launches its multi cap fund

    May 1, 2025
    Our Picks

    Mutual funds take a shine to bank stocks

    March 3, 2026

    BMO Announces Changes to Certain BMO Mutual Funds and Proposed Fund Mergers

    March 3, 2026

    Should You Invest In Multi-Asset Funds?

    March 3, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹10,000 monthly SIP in this mutual fund has grown to ₹1.52 crore in 22 years

    September 17, 2025
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.