IRS Furloughs Nearly Half Its Staff As Government Shutdown Reaches Eighth Day

Benzinga

The IRS will furlough 34,000 workers—nearly half its staff—as the shutdown reaches day eight. Most operations are halted, and a leaked memo suggests the Trump administration may dispute back pay once funding resumes.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02The Internal Revenue Service said Wednesday it will furlough about 34,000 employees,

00:06nearly half of its workforce, as the government shutdown enters its eighth day.

00:10About 53.6% of staff will remain on duty.

00:13Angie said most operations are closed due to the lapse in appropriations

00:16and that non-exempt employees are placed in non-pay status until further notice.

00:21Furloughed workers are expected to receive back pay once the shutdown ends,

00:24though a leaked memo suggested the Trump administration may challenge that obligation.

00:27The address was already strained by mass layoffs that cut its workforce by about 25%,

00:32from roughly 100,000 to 75,000 employees.

00:36Reductions were carried out after Trump returned to the White House in January.

00:39For all things money, visit Benzinga.com.

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