Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Distributor commissions reduce as fund houses pass on impact of new expense ratio regime – Mutual Funds News
    • Investing in mutual funds? Experts explain the behavioural biases that can quietly reduce your long-term returns
    • Banks Offload Risk from Leveraged ETFs With Exotic ‘Crash Puts’
    • Multi cap mutual funds attract over ₹18,000 cr in H1 2026 as investors bet on diversified equity exposure
    • New Fund Houses Deliver Split Return Fortunes
    • Ways to Invest in Chinese Yuan: ETFs, ETNs, and More
    • Top 7 Midcap Mutual Funds in 5 Years: Rs 28,00,000 lump sum investment in the No. 1 fund led to Rs 73.7 lakh wealth
    • Warning for 300,000 NS&I Premium Bonds holders set to go without prizes
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Funds»Trump directs the Pentagon to use ‘all available funds’ to ensure troops are paid despite shutdown
    Funds

    Trump directs the Pentagon to use ‘all available funds’ to ensure troops are paid despite shutdown

    October 11, 2025


    US President Donald Trump (left) and Secretary of Defense Pete Hegseth attend a Cabinet meeting in Washington, Thursday. (AFP-Yonhap)
    US President Donald Trump (left) and Secretary of Defense Pete Hegseth attend a Cabinet meeting in Washington, Thursday. (AFP-Yonhap)

    WASHINGTON (AP) — President Donald Trump said Saturday that he has directed the Defense Department to use “all available funds” to ensure US troops are paid Wednesday despite the government shutdown, a short-term fix that will not apply to the hundreds of thousands of federal workers who have been furloughed.

    Trump said in a social media post that he was acting because “our Brave Troops will miss the paychecks they are rightfully due on (Oct. 15).” The Republican president’s directive removes one of the pressure points that could have forced Congress into action, likely ensuring that the shutdown — now in its 11th day and counting — extends into a third week and possibly beyond.

    But no similar action seems forthcoming for federal employees also working without pay while thousands are now being laid off during the lapse in government operations. The White House budget office started the layoffs on Friday.

    Trump blamed Democrats and said he was exercising his authority as commander in chief to direct Defense Secretary Pete Hegseth “to use all available funds to get our Troops PAID on Oct. 15.”

    The Republican president added, “We have identified funds to do this, and Secretary Hegseth will use them to PAY OUR TROOPS.” USservice members were in danger of not receiving their next paycheck on Wednesday after the government shut down on Oct. 1, the start of the federal budget cycle.

    The US has about 1.3 million active-duty service members, and the prospect of troops going without pay has been a focal point when lawmakers on Capitol Hill have discussed the shutdown’s negative impact.

    Trump did not say where he’s getting the money, but a spokesperson for the White House Office of Management and Budget said Pentagon research and development funds would be tapped.

    The Pentagon said it identified about $8 billion of unobligated research development testing and evaluation funds from the last fiscal year that will be used to issue the mid-month paychecks, “in the event the funding lapse continues past Oct. 15.”

    Federal workers typically receive back pay after a shutdown ends, as now required by a law that Trump signed during his first term. He recently floated the idea of not making up the lost salaries.

    It was unclear if the president’s directive applies to the US Coast Guard, which is a branch of the US Armed Forces but is overseen by the Department of Homeland Security during peacetime.

    The nation’s third shutdown in 12 years has again raised anxiety levels among service members and their families as those in uniform are working without pay. While they would receive back pay once the impasse ends, many military families live paycheck to paycheck.

    During previous shutdowns, Congress passed legislation to ensure that troops kept earning their salaries, but discussion of taking a similar step by lawmakers appeared to have fizzled out.

    Asked if he would support a bill to pay the troops, Trump said, “that probably will happen.” “We’ll take care of it,” he said Wednesday. “Our military is always going to be taken care of.”

    The shutdown began on Oct. 1 after Democrats rejected a short-term funding fix and demanded that the bill include an extension of federal subsidies for health insurance under the Affordable Care Act.

    The expiration of those subsidies at the end of the year will result in monthly cost increases for millions of people.

    Trump and Republican leaders have said they are open to negotiations on the health subsidies, but insist the government must reopen first.

    Both sides appear dug in on their positions, making it unclear when, or how, the shutdown ends.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    How smaller flexi cap funds outperformed larger peers in one year: Key lessons for investors

    July 31, 2026

    South Korea cracks down on risky retail funds after tech rout

    July 29, 2026

    Hedge funds grow at the fastest rate ever

    July 26, 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

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

    November 19, 2023

    Distributor commissions reduce as fund houses pass on impact of new expense ratio regime – Mutual Funds News

    August 2, 2026
    Don't Miss
    Mutual Funds

    Distributor commissions reduce as fund houses pass on impact of new expense ratio regime – Mutual Funds News

    August 2, 2026

    The mutual industry adopted a new expense ratio regime from FY27 which saw a segregation…

    Investing in mutual funds? Experts explain the behavioural biases that can quietly reduce your long-term returns

    August 2, 2026

    Banks Offload Risk from Leveraged ETFs With Exotic ‘Crash Puts’

    August 2, 2026

    Multi cap mutual funds attract over ₹18,000 cr in H1 2026 as investors bet on diversified equity exposure

    August 2, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    SIP Top-up Calculator: Step Up SIP Calculator, Calculate Your SIP Online

    August 1, 2023

    Alchemy Investments Acquisition conclut un accord de regroupement d’entreprises potentiel avec Cartiga

    May 12, 2025

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

    February 12, 2024
    Our Picks

    Distributor commissions reduce as fund houses pass on impact of new expense ratio regime – Mutual Funds News

    August 2, 2026

    Investing in mutual funds? Experts explain the behavioural biases that can quietly reduce your long-term returns

    August 2, 2026

    Banks Offload Risk from Leveraged ETFs With Exotic ‘Crash Puts’

    August 2, 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

    ₹9000 monthly SIP can help you retire at 45 with ₹2 lakh monthly pension

    May 5, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

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