DOGE Cuts Lead to Reduction in Credit Card Spending in DC Area – Guido Fawkes

DOGE Cuts Lead to Reduction in Credit Card Spending in DC Area

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Elon Musk’s campaign to force savings in US federal government spending has – hilariously – had an immediate knock-on impact on credit card spending in and around Washington DC. Those government credit cards not so easy to flex now, coupled with hundreds of DC fat cats losing their sinecures…

Bank of America found discretionary spending fell 0.5% in D.C. in February against a year ago today. Other cities on the East Coast are seeing higher spend, so DC is an exception…

BoA says: “DOGE cuts appear to be weighing on spending in D.C… total card spending growth is holding up for now, indicating that the impact of the DOGE cuts has been localised so far.” No more restaurant bills after those long bureaucratic lunches…