Business
Speaker Johnson faces conservative unrest over funding deal on January 9, 2024 at 11:00 am Business News | The Hill
Speaker Mike Johnson (R-La.) faces a daunting task in getting a deal to fund the government over the finish line amid strenuous opposition from conservatives in his conference.
The Speaker, elected just a few months ago after his predecessor was tossed for working with Democrats to fund the government, is now himself likely to rely on the minority party in the House to get his deal approved over outrage from his right flank.
Johnson has a razor-thin House GOP majority and a tight deadline; the government will partially shut down if funding legislation isn’t signed into law by Jan. 19, while the Pentagon and other agencies would shut down after Feb. 2 without a deal.
The path to a Johnson win is expected to be a political minefield, even if plenty of Republicans want to avoid the chaos that engulfed the House in the October mutiny against former Speaker Kevin McCarthy (R-Calif.).
The top-line spending deal congressional leaders announced over the weekend includes a $1.59 trillion base top line, plus around $69 billion in budget tweaks to plus-up nondefense dollars for most of the 2024 fiscal year.
The House Freedom Caucus, which includes around three dozen members, wrote in a post on X, formerly known as Twitter, that the deal was a “total failure.”
Johnson recognized in a “Dear Colleague” letter Sunday that the spending levels “will not satisfy everyone, and they do not cut as much spending as many of us would like.” But he touted some wins on accelerating clawbacks of IRS funding, as well as a $6.1 billion cut to “COVID-era slush funds,” calling it “the most favorable budget agreement Republicans have achieved in over a decade.”
In an added wrinkle, several hard-line GOP members are calling for a government shutdown if the Biden administration does not agree to border policy changes — a debate that has largely been centered around separate supplemental spending package that pairs it with Ukraine aid.
Hurdle on procedural votes
One major question is whether Johnson will utilize a process that denies conservatives the opportunity to sink appropriations bills through a procedural vote.
Because House Minority Leader Hakeem Jeffries (D-N.Y.), Senate Majority Leader Chuck Schumer (D-N.Y.), and President Biden gave their stamps of approval to the deal, Johnson is likely to get more than enough Democratic support to make up for House GOP defections on final passage of the appropriations legislation.
But in the House, the normal process is to first pass a rule dictating terms of debate for the bill — which the minority party almost always uniformly opposes, as a test of party strength.
While it used to be unheard of for a majority party to sink rule votes, hard-line conservatives have repeatedly done so to protest other spending bills over the past year.
It was unclear as of Monday whether any Republicans would move to sink the procedural votes. Rep. Ralph Norman (R-S.C.), who is unhappy with Johnson’s deal, told The Hill in a text message that he will wait to see the specifics of each bill before deciding whether to oppose the rule.
Party leaders can use a process known as suspension of the rules — normally used for noncontroversial legislation — to bypass the procedural vote and clear the bill with two-thirds support of the chamber.
Rep. Tim Burchett (R-Tenn.), one of the eight Republicans who voted to oust former Speaker Kevin McCarthy (R-Calif.) in October, told The Hill that in a text message that some conservatives will “possibly” tank the rule if the appropriations bills are considered through regular order, noting Johnson will “possibly” have to bring up the bills under suspension.
Johnson previously utilized the suspension process to pass the two-step stopgap continuing resolution that set the Jan. 19 and Feb. 2 deadlines, as well as to pass the final version of this year’s National Defense Authorization Act.
But those moves were sharply criticized by the hard-line conservatives, who would surely be unhappy with massive spending legislation moving though the suspension process.
Shutdown deadline pressure
With a top line now set, the race is on to write the bills that meet those levels and pass them before the funding deadlines.
Johnson has previously said he will not pass another short-term continuing resolution, leaving open the possibility of a government shutdown if Congress cannot meet those deadlines.
Jan. 19 is the funding deadline for government programs and agencies covered under four regular appropriations bills: Agriculture, rural development, and Food and Drug Administration; Energy and water development; military construction and Veterans Affairs; and Transportation, Housing, and Urban Development. All other funding, corresponding to eight bills, expires Feb. 2.
The House is currently scheduled to be out the week of Jan. 22, further fueling the deadline pressure — though Johnson could call members to stay in session.
The Speaker has touted the two-tiered stopgap bill as a way to break Washington’s tendency to pass massive omnibus spending bills, but his letter to colleagues did not specifically say there would be 12 separate pieces of legislation and votes.
Conservative policy priorities
Johnson wrote in his letter to colleagues that the bills would “reprioritize funding within the topline towards conservative objectives, instead of last year’s Schumer-Pelosi omnibus” and give the conference an opportunity to “fight for the important policy riders included in our House [fiscal 2024] bills.”
But it is unclear which policies House Republicans will be able to pass.
Policy priorities in Republican appropriations bills have included targeting abortion access, cutting diversity efforts, and slashing salaries for Cabinet members — but many didn’t have unanimous GOP support.
New Freedom Caucus Chair Rep. Bob Good (R-Va.) and Rep. Chip Roy (R-Texas), policy chair of the group, suggested in posts on X that Republicans lost some leverage on ensuring their preferred policies by agreeing to a top-line spending level.
Good lamented that the deal has “no significant policy wins.” Roy said he will “wait to see if we get meaningful policy riders,” but warned that the annual defense bill — which included a short-term extension of foreign surveillance programs that conservatives opposed — “was not a good preview.”
Rep. Marjorie Taylor Greene (R-Ga.) also said on X she would oppose the budget deal because it “does nothing to secure the border, stop the invasion, or stop the weaponized government targeting Biden’s political enemies and innocent Americans.”
Schumer warned against conservatives insisting on some of those policy riders.
“If the hard right chooses to spoil this agreement with poison pills, they’ll be to blame if we start careening towards a shutdown,” he said on the Senate floor Monday.
Border policy demands
An additional curveball is the demand from some conservatives to make keeping the lights on in Washington contingent on getting a deal on the border.
A handful of hard-liners have said they will not fund the government unless Congress passes substantive border reform, a vow that grew louder after Johnson led a group of roughly 60 Republicans to the border.
“The prerequisite for any budget agreement HAS TO ADDRESS the main threat to our national security which is SHUTTING DOWN OUR BORDER!! Without this, NO DEAL!” Norman, a Freedom Caucus member, told The Hill by text message Monday.
That ultimatum comes as a bipartisan Senate group nears a long-awaited deal on border security, after months of talks. The conversations began after Republicans said they would not approve new Ukraine aid until Congress addressed migration policies at the southern border.
Lawmakers had hoped to see a deal this week, but Sen. James Lankford (R-Okla.), the top GOP negotiator, said Monday it’s unlikely text would be released this week.
Regardless, a bipartisan framework from the upper chamber would be unlikely to assuage the hard-line House Republicans, who have been insistent on enacting H.R. 2, a sprawling border bill that cleared their with only GOP support in May.
And Johnson in a recent interview was noncommittal on bringing a Senate deal to the House floor for a vote.
“It’s a hypothetical question. Again, they’ve not sent me any of these provisions,” he told CBS’s “Face the Nation” in an interview that aired Sunday.
House, Business, News Speaker Mike Johnson (R-La.) faces a daunting task in getting a deal to fund the government over the finish line amid strenuous opposition from conservatives in his conference. The Speaker, elected just a few months ago after his predecessor was tossed for working with Democrats to fund the government, is now himself likely to rely…
Business
Google Accused Of Favoring White, Asian Staff As It Reaches $28 Million Deal That Excludes Black Workers

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.
- A Santa Clara County Superior Court judge has granted preliminary approval, calling the deal “fair” and noting that it could cover more than 6,600 current and former Google workers employed in the state between 2018 and 2024.

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

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.

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.

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.
Business
Harvard Grads Jobless? How AI & Ghost Jobs Broke Hiring

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.
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.

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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