WASHINGTON—The FDIC has pulled back job offers to more than 200 new examiners due to a government-wide hiring freeze implemented by President Trump, the Washington Post reported.
The FDIC board last year approved a $3-billion operating budget for 2025 to fund 6,876 staff.
The Post noted the FDIC is already facing a staffing challenge, “particularly with a lack of examiners, undermining its ability to reduce the risk of bank failures.”
The Post added that while the FDIC historically operates independently of the White House, it is complying with the freeze, which President Trump announced through an executive order last week.
The cuts applied to entry-level positions for examiners, the Post said, citing a person familiar with the matter.