From WTOP: It still needs Congressional approval, but as proposed, President Donald Trump’s federal budget would have a big impact on the D.C. area. In order to direct a huge new influx of money toward the military and the border wall with Mexico, the budget includes major funding reductions elsewhere, including cuts of 21 percent for the…
The net direct effect of the Trump budget, if implemented as proposed, would result in a decrease of from 20,000 to 24,600 federal jobs, taking between $2.3 and $2.7 billion of federal salaries out of the economy, a decrease of from $800 million to $1.2 billion in federal procurement spending, resulting in a loss of…
From The Washington Post: Washingtonians are beginning to worry that President Trump might do what wars, peace, recessions and government shutdowns could not: upend the historically stable regional economy. Bolstered by the federal government, the metropolitan area has largely avoided the sharp ups and downs that have made life unpredictable for the rest of the…
From The Washington Business Journal: Greater Washington’s job growth in the second half of 2016 has been revised downward and that has regional economists worried about the region’s resilience in the face of potential federal spending cuts. The D.C. region added 55,600 jobs in 2016, according to final data released Tuesday by the Bureau of…
From The Morning Call: Hardware stores that hawk rock salt and landscapers who moonlight by plowing snow may be hearing a cha-ching sound at the approach of a major snowstorm, but for most Lehigh Valley businesses, keeping the wheels of commerce grinding is a challenge at the very least. Some, like Keith Royal, owner of…
