Real estate investment trusts are also up double digits this year outside the US. Property sectors in many geographies are vibrant, bolstered by low or falling interest rates.
with DOGE’s tactics but declined to restore the fired board members or bar DOGE staff from the headquarters.By then a DOGE associate, Kenneth Jackson, had been named as acting president of the organization by the ex officio board members. Employees held out hope that the organization would not be disassembled because Jackson was asking questions as if he might do an assessment of the organization’s work, said Scott Worden, director of the Afghanistan and Central Asia programs.
The staff knew what he’d done as the head of the U.S. Agency for International Development. Now Jackson was at the Institute of Peace, but they were hopeful “we would have a process of explanation or review of our work,” Worden said.Then came March 28. The notices came alphabetically. By the time it was finished, shortly before midnight, almost all the institute’s 300 employees had been let go.U.S. Institute of Peace (USIP) acting President George Moose, second from right, and USIP acting Counsel George Foote, right, to talk to the press outside the Institute, Wednesday, May 21, 2025 in Washington. (AP Photo/Kevin Wolf)
U.S. Institute of Peace (USIP) acting President George Moose, second from right, and USIP acting Counsel George Foote, right, to talk to the press outside the Institute, Wednesday, May 21, 2025 in Washington. (AP Photo/Kevin Wolf)The impact was “profound and devastating on a few levels,” Worden said. First, employees at the institute are not government employees so they got no government benefits or civil service protections. Insurance also was gone — critical for employees fighting health problems. Partners abroad also suddenly lost their support and contacts. It left “thousands of partners in a lurch,” he said.
The lawyers representing board members in their lawsuit asked for a court hearing as soon as possible to head off rumors of more mayhem to come. But when they walked into courtroom 26A of the E. Barrett Prettyman Courthouse at 10 a.m. on April 1, the headquarters and other assets were gone, too. It was,
at the hearing, “a done deal.”Members of the House Armed Services Committee also said they are concerned that the Defense Department is shifting about $1 billion from a variety of accounts — including base housing — to cover the costs of shoring up the defense of the southern border.
Spending for the parade has become a flashpoint since it comes at a time when the Trump administration is slashing funding for personnel and programs across the federal government, including the Defense Department.While the Army has long planned for a festival on the National Mall to celebrate its 250th birthday, the
President Donald Trump has long wanted a military parade in the city, after seeing an elaborate one in France on Bastille Day during his first presidential term, and June 14 is also his birthday.U.S. Rep. Salud Carbajal, D-Calif., questioned whether the additional cost of the parade was appropriate since all the military services are facing 8% budget cuts, and said perhaps it could be used to improve troops’ quality of life or warfighting capabilities. He prodded Army Secretary Daniel Driscoll on what he would prioritize if Congress wrote him a blank check for $45 million.