The Trump administration’s overhaul of the federal government, carried out in large part by Elon Musk’s government efficiency team, has left tens of thousands in Washington without a job. That’s threatening a key economic engine of America’s capital city — consumer spending.

And with signs of strain already showing, economists at Moody’s say DC could slip into a recession as soon as this year.

  • Verdant Banana@lemmy.world
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    15 hours ago

    more misleading headlines

    whole United States is and has been in a recession since Obama

    food and housing alone have outpaced the minimum wage that has not moved for almost two decades

    medical care is unreachable for most and with the pollution combined with the available proteins health plus morals are at all time low

    we are in a recession and have been

    • hansolo@lemm.ee
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      12 hours ago

      A recession is defined as 2 consecutive quarters of negative GDP. So, by definition, you are repeatedly wrong, and we all know it.

      • CmdrShepard42@lemm.ee
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        12 hours ago

        Not to mention everything listed in their comment has been happening long before Obama took office.