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Reply to "ripple effects from government employment/contracting uncertainty in DMV economy?"
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[quote=Anonymous]Elon Musk has said DOGE has a target to cut 3/4 of Federal jobs. Do the math people. https://www.reuters.com/world/us/musk-speaks-jpmorgan-event-attended-by-ceo-dimon-source-says-2025-02-07/ Tesla CEO Elon Musk, who has been tasked by President Donald Trump to oversee a drastic downsizing and reshaping of the federal government, spoke at a JPMorgan Chase (JPM.N), opens new tab conference on Thursday and discussed his broad efforts to reshape the government, according to source familiar with the situation. The conference in Miami was attended by JPMorgan CEO Jamie Dimon and convened by Mary Erdoes, CEO of the bank’s asset and wealth management business. About 200 of JPMorgan's largest clients attended, according to the source, who declined to be identified discussing a private client event. Musk took the stage with his mother, Maye Musk, for a conversation moderated by David Rubenstein, co-founder of private equity firm the Carlyle Group (CG.O), opens new tab. The conversation covered a wide range of topics, including the scope of work of the Department of Government Efficiency, spearheaded by Musk. DOGE has goals of eliminating entire federal agencies and cutting three quarters of federal government jobs.[/quote]
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