DOGE Cuts Pose Risk to Largest Government Contractors
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The Trump administration’s moves to trim government spending pose a short-term “understated risk” for companies all across the corporate credit market, according to a Barclays Plc analysis.
The efforts, led by Elon Musk’s Department of Government Efficiency, have sparked concern about companies with federal contract exposure, analysts led by Dominique Toublan wrote in a note Wednesday.