List of Flash News about federal spending cuts
Time | Details |
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2025-04-25 23:40 |
US Government Terminates $1.03B in Wasteful Contracts: Key Impact on Federal Spending and Market Trends
According to @DOGE and shared by @WhiteHouse on Twitter, US government agencies have terminated 226 contracts deemed wasteful, with a combined ceiling value of $1.03 billion and estimated savings of $555 million over the last two days. Major terminations include a $5.4 million IRS consulting contract and a $20,000 NSF management development contract. These contract cuts could signal tighter federal spending, potentially impacting companies reliant on government contracts and influencing market sentiment towards public sector investments. Source: @DOGE, April 25, 2025. |