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Federal workforce reductions cast shadow over DC economy

Federal workforce reductions cast shadow over DC economy

The DC metro, long considered economically resilient due to the substantial federal presence, is now confronting significant economic challenges. The Trump administration's reductions to the federal workforce and curtailing of government spending will be felt across the region. Projected Economic Impact DC's Chief Financial Officer has

Breaking: $1 spending limit on federal purchase cards hampers agency operations

Breaking: $1 spending limit on federal purchase cards hampers agency operations

The Trump administration has imposed a $1 spending limit on government-issued purchase cards, effectively freezing their use for routine expenses over a thirty-day period, reports the Wall Street Journal. This measure, part of adviser Elon Musk's DOGE initiative, aims to curtail government spending but has led to significant

DOD orders civilian employees to respond to OPM work summary email

DOD orders civilian employees to respond to OPM work summary email

SecDef Pete Hegseth has directed all DOD civilian employees to comply with OPM's request for weekly work summaries, following an initial pause on the directive. On 22 February 2025, OPM requested that all federal civilian employees submit approximately five bullet points detailing their work from the prior week.

Defense-tech startups seize Pentagon opportunity amid shifting priorities

Defense-tech startups seize Pentagon opportunity amid shifting priorities

Silicon Valley-backed defense companies are capitalizing on shifting Pentagon priorities to secure new contracts, reports the Wall Street Journal, challenging the dominance of traditional military contractors. Companies like Anduril Industries, Palantir Technologies, and Epirus are lobbying aggressively to position their artificial intelligence, autonomous drone, and missile-defense technologies as essential for

Consulting firms defend federal contracts amid GSA's efficiency push

Consulting firms defend federal contracts amid GSA's efficiency push

Executives from leading U.S. consulting firms, including Ernst & Young and Guidehouse, are engaging with Trump administration officials to justify their federal contracts ahead of an impending deadline for agencies to assess these agreements. Notably, discussions have occurred with Josh Gruenbaum, Commissioner of the Federal Acquisition Service (FAS) within

GSA targets early-termination leases in Greater Washington

GSA targets early-termination leases in Greater Washington

GSA in collaboration with DOGE, is intensifying efforts to reduce the federal real estate footprint by targeting leases with early termination clauses, reports the Washington Business Journal. This strategy allows for swift cost-saving measures by ending lease agreements before their scheduled expirations. In the Washington metro area, fifty-eight GSA leases,

US shipbuilding push faces economic, labor hurdles

US shipbuilding push faces economic, labor hurdles

The US shipbuilding industry, once a global leader, has dwindled to producing just a fraction of the world’s commercial vessels, with most American shipyards now focused on naval contracts, reports the Wall Street Journal. President Donald Trump is proposing measures to revitalize the sector, including port fees on Chinese-built