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Raw Story: 'Potentially catastrophic': Trump's (govt employee) purge has DC reeling
Raw Story - 'Potentially catastrophic': Trump's purge has DC reeling
Tom Boggioni
April 19, 2025 9:48AM ET
The mass firings of government workers by the Department of Government Efficiency (DOGE) has business leaders in the Beltway fearing a localized recession could be on the way.
According to a report from the Wall Street Journal, restaurants, hotels and other businesses are witnessing in real-time sales plunging as workers lose their jobs or dial back spending due to a possible job loss.
As the Journals' Paul Kiernan and Rachel Louise Ensign wrote, "Economists believe government layoffs and looming budget cuts will push the Washington, D.C., metro area into a recession, challenging its reputation for economic resilience."
In an interview, Julie Coons, president of the Northern Virginia Chamber of Commerce, painted a dark picture of the immediate future, explaining, "We see this as potentially catastrophic for the region," before adding, "This is our Detroit moment.”
/snip
Tom Boggioni
April 19, 2025 9:48AM ET
The mass firings of government workers by the Department of Government Efficiency (DOGE) has business leaders in the Beltway fearing a localized recession could be on the way.
According to a report from the Wall Street Journal, restaurants, hotels and other businesses are witnessing in real-time sales plunging as workers lose their jobs or dial back spending due to a possible job loss.
As the Journals' Paul Kiernan and Rachel Louise Ensign wrote, "Economists believe government layoffs and looming budget cuts will push the Washington, D.C., metro area into a recession, challenging its reputation for economic resilience."
In an interview, Julie Coons, president of the Northern Virginia Chamber of Commerce, painted a dark picture of the immediate future, explaining, "We see this as potentially catastrophic for the region," before adding, "This is our Detroit moment.”
/snip