The Treasury is finalizing plans in response to an executive order signed by President Donald Trump, per a department official.

"The ongoing gutting of the FDA is likely to cause American deaths," said the CEO of one medical device developer.

The layoffs likely stem from a March 27 announcement from the US Department of Health and Human Services, which said DOGE would be restructuring the department.

In a note to clients on Tuesday, the analysts led by Shruti Mishra said that they do not anticipate the job reductions overseen the Tesla (NASDAQ: TSLA) CEO’s "Department of Government Efficiency" -- or DOGE -- would be a "sizeable drag" on the overall labor market.

President Trump’s senior adviser and tech billionaire Elon Musk, along with seven Department of Government Efficiency (DOGE) staffers, defended the number of federal government employees the

The Trump administration's decision to drastically reduce the federal workforce is impacting North Texas as dozens of vaccination events are canceled.

Some U.S. health regulators who review medical devices and tobacco products for safety and efficacy are struggling to meet deadlines mandated by Congress due to Trump administration layoffs, three scientists working on the projects told Reuters.

The Trump administration sent out the first round of reduction-in-force notices early Tuesday morning, telling employees the cuts are necessary to improve efficiency. “I’m in shock,” one worker said.

HHS Secretary RFK Jr., with help from DOGE, is planning a restructuring with sweeping cuts expected at multiple agencies.

"I've seen three people who went in, and then came back out and left with tears in their eyes," one HHS employee told BI. "People behind me are sniffling."

The cost-cutting strategy of the group, led by billionaire Elon Musk, has played out at more than 30 agencies so far.

A week of back-to-back housing data revealed a tiny boost in sales and modest improvement where home prices and mortgage rates are concerned. But don’t be fooled, housing is still unaffordable for many.