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Shutdown averted, lawmakers fret about next looming deadline on January 21, 2024 at 11:00 am Business News | The Hill

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The latest shutdown threat may have been averted but some lawmakers are already worried about the next government funding deadline. 

While leaders on both sides of the aisle were able to come to agreement earlier this month on a topline for the 12 annual government funding bills for fiscal year 2024, spending cardinals say they have yet to learn how the dollars will be divided among the measures as spending talks continue.

Without those allocations, lawmakers say they can’t begin crafting the individual bills.

In comments to reporters this week, Sen. Susan Collins (Maine), top Republican on the Senate Appropriations Committee, said she’s “concerned about the lack of a resolution” on the matter of allocations for the individual bills.    

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“This has been dragging on for a long time and I really don’t know why,” Collins said.    

Some senior appropriators say they were hopeful they would receive the allocations last week, others the week before that. 

But as talks continue, so-called spending cardinals are pointing to areas like funding for the Department of Homeland Security (DHS) and other nondefense programs as potential sticking points for top negotiators. 

Rep. Tom Cole (R-Okla.) — head of the Transportation, Housing and Urban Development appropriation subcommittee — expressed confidence earlier this week in top appropriators in either chamber striking a deal. 

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But he added he thinks “they’re struggling,” while noting a potential dispute “over Labor-H versus Homeland,” referring to the annual DHS and Labor-Health and Human Services (HHS) funding bills. 

“Of course, none of us know whether or not the supplemental will pass and that has money for Homeland and that impacts it,” Cole said.  

Senators have been negotiating a major border policy and foreign package for weeks. The plan is expected to have severe restrictions on asylum, drum up border security measures like wall construction, and include aid for Ukraine and Israel.

“If the supplemental passes, there’s a lot of money in there, and that may well impact what you would normally do for Homeland as well,” Cole said. “So, I think they’re all trying to be cautious and get there to help.” 

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Sen. Tammy Baldwin (D-Wis.), who heads the subcommittee that crafts DOL and HHS funding, said on Thursday that top negotiators seem to be “closing in” on a deal, but added that DHS funding “seems to be the real tension.” 

Murray also said earlier in the week that she’s heard Democrats are fighting for numbers that resemble the levels of the bipartisan funding bills they marked up in the Senate “as close as possible,” noting “that there’s some resistance in the House to that.” 

But she added that she doesn’t believe lawmakers “have the time to wait” until Congress tackles a supplemental bill when it comes to finalizing the subcommittee allocations, particularly if lawmakers hope to avoid passing another stopgap in the weeks ahead.  

“Once you have the [allocations] it takes time to write the bills, and it’s not an easy process,” Baldwin said Wednesday, while acknowledging how far apart both chamber’s sets of funding bills are and the difficulties that await in conferencing the legislation into measures that can pass a divided Congress. 

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In brief comments to The Hill on Wednesday, Senate Appropriations Chair Patty Murray (D-Wash.), who is leading negotiations with House Appropriations Chair Kay Granger (R-Texas), also said that Democrats “are waiting for the House to make a significant move” when asked for an update on negotiations over the allocations.  

Thanks to a stopgap measure passed Thursday, Congress was able to punt another shutdown deadline, kicking the next target dates into March to buy time for broader spending talks. 

Under the bill, Congress agreed to extend funding at temporary levels for agencies that fall under four of the 12 annual appropriations bills through March 1. That includes dollars for the departments of Agriculture, Transportation, Housing and Urban Development, Energy, as well as the Food and Drug Administration and other agencies. 

The bill extends the deadline for the remaining eight bills through Mar. 8, when agencies like the departments of Defense (DOD), DOL, Education, State, Homeland Security and others face funding lapses.  

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Appropriators on both sides of the aisle are confident the extra time will be enough for them to finish crafting the 12 annual funding bills but acknowledge it’s a time crunch that will only get tighter the longer it takes for them to ramp up talks on their own bills. 

“We don’t have a hell of a lot of time,” Rep. Mario Diaz-Balart (R-Fla.), who heads the subcommittee that oversees funding for the State Department and other agencies, said this week, noting the amount of time it can take to pass the funding bills even after negotiations are finalized.  

“Just the technical aspects of it, [the Congressional Budget Office] usually takes about five days to review these bills, and then we’ve got the 72-hour thing here in the House,” he said. “And then you’ve got, for example, the readouts, so the staff has to get together and literally … read every comma, every sentence of the bill and the report.” 

“We have enough time today,” he said Wednesday, but he added the cardinals need to receive their subcommittee allocations quickly to finish the work. 

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Senior appropriators from both chambers will also be heading into negotiations with drastically different funding bills, as the House wrote their spending bills to levels significantly lower than the budget caps agreement struck between President Biden and then-Speaker Kevin McCarthy last year. 

The House bills also include a list of riders in areas like abortion and diversity that Democrats have denounced as “poison pills,” while House conservatives have come out strongly against the bills crafted in the Senate that they say are too high.  

Also on the minds of lawmakers is an impending April deadline for automatic cuts to defense and nondefense programs if Congress doesn’t finish its funding work on time – a penalty Republicans and Democrats alike are hoping to avoid.  

“I’m worried about that,” Sen. Jon Tester (D-Mont.), spending cardinal for Defense funding in the upper chamber, said on the matter on Thursday. “I mean, the truth is, there needs to be some urgency.” 

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Rafael Bernal contributed.  

​Senate, Business, House, News The latest shutdown threat may have been averted but some lawmakers are already worried about the next government funding deadline. While leaders on both sides of the aisle were able to come to agreement earlier this month on a topline for the 12 annual government funding bills for fiscal year 2024, spending cardinals say they have yet to learn…  

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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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