From Washingtonian: For decades, the booming capital has outpaced the rest of the country. Recent data paints a scarier picture. The collapse begins on Capitol Hill. In 2018, Congress’s failure to pass a budget leads to a 10-percent cut in federal discretionary spending in the Washington area. Contracting firms begin layoffs. The newly unemployed stop…
From The Washington Post: Many economists thought 2017 would be a tough year for the nation’s capital and its outlying suburbs. After all, in one of his first actions, newly elected President Trump imposed a federal hiring freeze as part of his promise to “drain the swamp.” His early budget proposals suggested Republicans would slash…
From The Washington Business Journal: Greater Washington’s high median income should have set up the region to reap more than its share of $1.5 trillion in tax cuts passed by Congress and signed by President Donald Trump this month — but the region’s high real estate values will blunt its impact for many regional taxpayers.…
From Northern Virginia Magazine: Multiple area locations could win the huge economic prize, but is it one we want? By the numbers, Amazon’s proposed second headquarters would entice any town: $5 billion in investment, $100,000 in average salary and 50,000 new jobs. But those benefits could carry some considerable baggage for Northern Virginia—a region whose homes are…
From The Frederick News-Post: Even though the federal government avoided a shutdown last week — at least temporarily — continued uncertainty in the nation’s budget process could hurt Maryland’s economy. Congress agreed Thursday night to a spending bill that will keep the government funded and running through Dec. 22, but the short-term extension may not…
