The FED Weekly

This week’s episode of The FED Weekly covers the ongoing Department of Homeland Security shutdown, now the longest in history at 68 days, triggered by Congressional disputes over immigration agency reforms. Severe operational impacts include staff shortages and a lack of basic supplies. A Senate budget resolution may end the shutdown by mid-May. The Postal Service’s suspension of retirement fund contributions raises concerns about pension solvency. The Office of Personnel Management faces pushback over its proposal to collect extensive health benefits data, prompting calls for stricter privacy protections. Tax changes from the “One Big Beautiful Bill” offer notable new deductions and credits. The Equal COLA Act aims to equalize cost-of-living adjustments for FERS and CSRS retirees. Severe retirement processing backlogs persist, with retirees waiting months for full benefits. Critical deadlines for required minimum distributions and Medicare enrollment have just passed. Positive news includes ongoing Social Security Fairness Act payments. Policy changes for current workers include the implementation of Schedule PC positions, agency relocations outside D.C., the consolidation of occupational series, and major disputes over union rights. OPM also moves toward skills-based hiring in technology fields.