Trump’s DOGE-Led Push to Cut Federal Spending Spurs Confusion
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I’m Chris Anstey, an economics editor in Boston. Today we’re looking at the Trump administration’s effort to reduce federal spending. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here.
In recent days and weeks, economists have been laying out scenarios for how varying levels of tariff hikes from the Trump administration might affect the trajectory for US growth and inflation. The community has also been inserting a range of immigration-crackdown possibilities through their models. Indeed, this newsletter has been highlighting a number of the projections.