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5 things to watch as shutdown deadline looms on January 13, 2024 at 11:00 am Business News | The Hill

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Lawmakers on both sides of the aisle are growing concerned about the chances of a partial government shutdown as tensions rise over spending.  

With less than a week until some agencies could face a lapse in funding, there is plenty of uncertainty around what kind of legislation could muster enough support to pass both chambers.

Here’s what to watch as Congress inches closer to the shutdown threat.

Will Johnson continue to hold the line? 

Speaker Mike Johnson (R-La.) announced a bipartisan spending deal last weekend, setting top-line number for negotiators to work from when crafting Congress’s 12 annual government funding bills for fiscal 2024.  

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But the deal outraged conservatives, who staged a floor revolt Wednesday and demanded lower funding levels.

Hard-line conservatives met with Johnson in his office Thursday to try to sell him on an alternative spending plan, a meeting that caused consternation across the Capitol and left many lawmakers, including Republicans, worried that the chances of a shutdown could be growing.

Johnson told reporters Friday that the “top-line agreement remains.” 

“We are getting our next steps together, and we are working toward a robust appropriations process. So, stay tuned for all that,” he said.  

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Johnson also met with moderate Republicans, and Rep. Don Bacon (R-Neb.) left that meeting saying that based on his “informed intuition,” the Speaker is not considering reneging on the deal.

But conservatives are holding out hope. Rep. Bob Good (R-Va.), the chair of the House Freedom Caucus, said Friday he was “quite certain [Johnson] is legitimately considering alternatives.”

What a stopgap could look like? 

Leaders are making clear that a stopgap known as a continuing resolution (CR) will be needed next week to prevent a partial government shutdown.

Rep. Rosa DeLauro (Conn.), the top Democrat on the House Appropriations Committee, said Friday that “it’s about a month that we need to put these bills together” once negotiators receive allocations for each of the 12 full-year bills. 

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“I can’t sit down and decide what is going in Labor-HHS or not going without knowing what we’re marking to,” DeLauro said. 

But it’s not yet clear what that stopgap would look like, how long it would last, and whether it would mirror the two-tiered deadlines in the previous CR.

Sen. John Thune (S.D.), the upper chamber’s No. 2 Republican, suggested a CR heading into the “March time frame” as a potential option to buy appropriators enough time to conference the funding bills, while also noting ramped talks around a foreign aid package. 

Senate Majority Leader Chuck Schumer (D-N.Y.) announced plans to bring up a stopgap next week to prevent a shutdown. 

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“Unfortunately, it has become crystal clear that it will take more than a week to finish the appropriations process. So, today I am taking the first procedural step for the Senate to pass a temporary extension of government funding, so the government does not shut down,” he said. 

Funding allocations 

Negotiators have yet to receive the funding allocations for each of the 12 spending bills, though some hope they will in the next few days as they look to quickly conference spending measures.

Appropriators initially said they expected to receive their allocations this week, though some are already speculating more time is needed for top negotiators to hash out numbers for the funding bills.

“I mean the difficulty is that, with less money, everybody’s trying to figure out how to make this work,” Sen. Jerry Moran (Kan.), the top Republican on the subcommittee that crafts funding for departments of Commerce and Justice, said this week.  

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While some negotiators have said they’ve had informal spending talks with their counterparts in the opposite chamber, they’ve also cited the lack of allocations as a key holdup keeping them from putting together their spending bills.

Sen. John Kennedy (R-La.), another appropriator, said Wednesday that appropriators “can’t do anything” until they receive another batch of numbers setting the levels for each of the 12 bills. 

In comments to reporters Friday, Rep. Tom Cole (R-Okla.), a spending cardinal, also cited the Department of Homeland Security as a potential factor behind the delay as senators negotiate a separate border and foreign aid package.

“If there’s going to be additional money there, that would affect potentially what you would want to put in a regular appropriations bill,” Cole said, adding, “They’re not directly related, but it’s a legitimate issue to raise, and I think Democrats in particular are very concerned about that.” 

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What will conservatives do?

Conservatives have been fuming since Johnson announced the top-line deal, adding to some speculation that his job could be at risk.  

With just a two-vote margin in the lower chamber, all eyes are on the Freedom Caucus and its allies to see if they will throw up additional hurdles.

While many Republicans have sought to shut down chatter around ousting Johnson, the right flank has been upping the pressure.

Johnson said Wednesday he was “not concerned” about being ousted after Rep. Chip Roy (R-Texas), a prominent member of the House Freedom Caucus, didn’t rule out backing a motion to remove the Speaker over the top-line deal. 

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“Chip Roy is one of my closest friends. We agree on almost everything in principle,” the leader said. “Look, leadership is tough. You take a lot of criticism. But remember: I am a hard-line conservative. That’s what they used to call me.” 

The effort by the right flank also has not gone without pushback from others in the party who have voiced frustration with the so-called “temper tantrums” of their colleagues.  

What agencies are at risk? 

Under the last stopgap measure passed by Congress, funding is expected to lapse for several agencies after Jan. 19, including the departments of Transportation; Housing and Urban Development; Energy; and Agriculture. 

The deadline for the remaining government agencies with funding subject to the annual appropriations process is Feb. 2. 

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​House, Business, News, Senate Lawmakers on both sides of the aisle are growing concerned about the chances of a partial government shutdown as tensions rise over spending. With less than a week until some agencies could face a lapse in funding, there is plenty of uncertainty around what kind of legislation could muster enough support to pass both…  

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Google Accused Of Favoring White, Asian Staff As It Reaches $28 Million Deal That Excludes Black Workers

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Google has tentatively agreed to a $28 million settlement in a California class‑action lawsuit alleging that white and Asian employees were routinely paid more and placed on faster career tracks than colleagues from other racial and ethnic backgrounds.

How The Discrimination Claims Emerged

The lawsuit was brought by former Google employee Ana Cantu, who identifies as Mexican and racially Indigenous and worked in people operations and cloud departments for about seven years. Cantu alleges that despite strong performance, she remained stuck at the same level while white and Asian colleagues doing similar work received higher pay, higher “levels,” and more frequent promotions.

Cantu’s complaint claims that Latino, Indigenous, Native American, Native Hawaiian, Pacific Islander, and Alaska Native employees were systematically underpaid compared with white and Asian coworkers performing substantially similar roles. The suit also says employees who raised concerns about pay and leveling saw raises and promotions withheld, reinforcing what plaintiffs describe as a two‑tiered system inside the company.

Why Black Employees Were Left Out

Cantu’s legal team ultimately agreed to narrow the class to employees whose race and ethnicity were “most closely aligned” with hers, a condition that cleared the path to the current settlement.

The judge noted that Black employees were explicitly excluded from the settlement class after negotiations, meaning they will not share in the $28 million payout even though they were named in earlier versions of the case. Separate litigation on behalf of Black Google employees alleging racial bias in pay and promotions remains pending, leaving their claims to be resolved in a different forum.

What The Settlement Provides

Of the $28 million total, about $20.4 million is expected to be distributed to eligible class members after legal fees and penalties are deducted. Eligible workers include those in California who self‑identified as Hispanic, Latinx, Indigenous, Native American, American Indian, Native Hawaiian, Pacific Islander, and/or Alaska Native during the covered period.

Beyond cash payments, Google has also agreed to take steps aimed at addressing the alleged disparities, including reviewing pay and leveling practices for racial and ethnic gaps. The settlement still needs final court approval at a hearing scheduled for later this year, and affected employees will have a chance to opt out or object before any money is distributed.

H2: Google’s Response And The Broader Stakes

A Google spokesperson has said the company disputes the allegations but chose to settle in order to move forward, while reiterating its public commitment to fair pay, hiring, and advancement for all employees. The company has emphasized ongoing internal audits and equity initiatives, though plaintiffs argue those efforts did not prevent or correct the disparities outlined in the lawsuit.

For many observers, the exclusion of Black workers from the settlement highlights the legal and strategic complexities of class‑action discrimination cases, especially in large, diverse workplaces. The outcome of the remaining lawsuit brought on behalf of Black employees, alongside this $28 million deal, will help define how one of the world’s most powerful tech companies is held accountable for alleged racial inequities in pay and promotion.

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Luana Lopes Lara: How a 29‑Year‑Old Became the Youngest Self‑Made Woman Billionaire

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At just 29, Luana Lopes Lara has taken a title that usually belongs to pop stars and consumer‑app founders.

Multiple business outlets now recognize her as the world’s youngest self‑made woman billionaire, after her company Kalshi hit an 11 billion dollar valuation in a new funding round.

That round, a 1 billion dollar Series E led by Paradigm with Sequoia Capital, Andreessen Horowitz, CapitalG and others participating, instantly pushed both co‑founders into the three‑comma club. Estimates place Luana’s personal stake at roughly 12 percent of Kalshi, valuing her net worth at about 1.3 billion dollars—wealth tied directly to equity she helped create rather than inheritance.

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Kalshi itself is a big part of why her ascent matters.

Founded in 2019, the New York–based company runs a federally regulated prediction‑market exchange where users trade yes‑or‑no contracts on real‑world events, from inflation reports to elections and sports outcomes.

As of late 2025, the platform has reached around 50 billion dollars in annualized trading volume, a thousand‑fold jump from roughly 300 million the year before, according to figures cited in TechCrunch and other financial press. That hyper‑growth convinced investors that event contracts are more than a niche curiosity, and it is this conviction—expressed in billions of dollars of new capital—that turned Luana’s share of Kalshi into a billion‑dollar fortune almost overnight.

Her path to that point is unusually demanding even by founder standards. Luana grew up in Brazil and trained at the Bolshoi Theater School’s Brazilian campus, where reports say she spent up to 13 hours a day in class and rehearsal, competing for places in a program that accepts fewer than 3 percent of applicants. After a stint dancing professionally in Austria, she pivoted into academics, enrolling at the Massachusetts Institute of Technology to study computer science and mathematics and later completing a master’s in engineering.

During summers she interned at major firms including Bridgewater Associates and Citadel, gaining a front‑row view of how global macro traders constantly bet on future events—but without a simple, regulated way for ordinary people to do the same.

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That realization shaped Kalshi’s founding thesis and ultimately her billionaire status. Together with co‑founder Tarek Mansour, whom she met at MIT, Luana spent years persuading lawyers and U.S. regulators that a fully legal event‑trading exchange could exist under commodities law. Reports say more than 60 law firms turned them down before one agreed to help, and the company then spent roughly three years in licensing discussions with the Commodity Futures Trading Commission before gaining approval. The payoff is visible in 2025’s numbers: an 11‑billion‑dollar valuation, a 1‑billion‑dollar fresh capital injection, and a founder’s stake that makes Luana Lopes Lara not just a compelling story but a data point in how fast wealth can now be created at the intersection of finance, regulation, and software.

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Harvard Grads Jobless? How AI & Ghost Jobs Broke Hiring

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America’s job market is facing an unprecedented crisis—and nowhere is this more painfully obvious than at Harvard, the world’s gold standard for elite education. A stunning 25% of Harvard’s MBA class of 2025 remains unemployed months after graduation, the highest rate recorded in university history. The Ivy League dream has become a harsh wakeup call, and it’s sending shockwaves across the professional landscape.

Jobless at the Top: Why Graduates Can’t Find Work

For decades, a Harvard diploma was considered a golden ticket. Now, graduates send out hundreds of résumés, often from their parents’ homes, only to get ghosted or auto-rejected by machines. Only 30% of all 2025 graduates nationally have found full-time work in their field, and nearly half feel unprepared for the workforce. Go to college, get a good job“—that promise is slipping away, even for the smartest and most driven.​

Tech’s Iron Grip: ATS and AI Gatekeepers

Applicant tracking systems (ATS) and AI algorithms have become ruthless gatekeepers. If a résumé doesn’t perfectly match the keywords or formatting demanded by the bots, it never reaches human eyes. The age of human connection is gone—now, you’re just a data point to be sorted and discarded.

AI screening has gone beyond basic qualifications. New tools “read” for inferred personality and tone, rejecting candidates for reasons they never see. Worse, up to half of online job listings may be fake—created simply to collect résumés, pad company metrics, or fulfill compliance without ever intending to fill the role.

The Experience Trap: Entry-Level Jobs Require Years

It’s not just Harvard grads who are hurting. Entry-level roles demand years of experience, unpaid internships, and portfolios that resemble a seasoned professional, not a fresh graduate. A bachelor’s degree, once the key to entry, is now just the price of admission. Overqualified candidates compete for underpaid jobs, often just to survive.

One Harvard MBA described applying to 1,000 jobs with no results. Companies, inundated by applications, are now so selective that only those who precisely “game the system” have a shot. This has fundamentally flipped the hiring pyramid: enormous demand for experience, shrinking chances for new entrants, and a brutal gauntlet for anyone not perfectly groomed by internships and coaching.

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Burnout Before Day One

The cost is more than financial—mental health and optimism are collapsing among the newest generation of workers. Many come out of elite programs and immediately end up in jobs that don’t require degrees, or take positions far below their qualifications just to pay the bills. There’s a sense of burnout before careers even begin, trapping talent in a cycle of exhaustion, frustration, and disillusionment.

Cultural Collapse: From Relationships to Algorithms

What’s really broken? The culture of hiring itself. Companies have traded trust, mentorship, and relationships for metrics, optimizations, and cost-cutting. Managers no longer hire on potential—they rely on machines, rankings, and personality tests that filter out individuality and reward those who play the algorithmic game best.

AI has automated the very entry-level work that used to build careers—research, drafting, and analysis—and erased the first rung of the professional ladder for thousands of new graduates. The result is a workforce filled with people who know how to pass tests, not necessarily solve problems or drive innovation.

The Ghost Job Phenomenon

Up to half of all listings for entry-level jobs may be “ghost jobs”—positions posted online for optics, compliance, or future needs, but never intended for real hiring. This means millions of job seekers spend hours on applications destined for digital purgatory, further fueling exhaustion and cynicism.

Not Lazy—Just Locked Out

Despite the headlines, the new class of unemployed graduates is not lazy or entitled—they are overqualified, underleveraged, and battered by a broken process. Harvard’s brand means less to AI and ATS systems than the right keyword or résumé format. Human judgment has been sidelined; individuality is filtered out.

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What’s Next? Back to Human Connection

Unless companies rediscover the value of human potential, mentorship, and relationships, the job search will remain a brutal numbers game—one that even the “best and brightest” struggle to win. The current system doesn’t just hurt workers—it holds companies back from hiring bold, creative talent who don’t fit perfect digital boxes.

Key Facts:

  • 25% of Harvard MBAs unemployed, highest on record
  • Only 30% of 2025 grads nationwide have jobs in their field
  • Nearly half of grads feel unprepared for real work
  • Up to 50% of entry-level listings are “ghost jobs”
  • AI and ATS have replaced human judgment at most companies

If you’ve felt this struggle—or see it happening around you—share your story in the comments. And make sure to subscribe for more deep dives on the reality of today’s economy and job market.

This is not just a Harvard problem. It’s a sign that America’s job engine is running on empty, and it’s time to reboot—before another generation is locked out.

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