On March 28, D.C. Policy Center Executive Director was quoted in an article from the Associated Press on the potential impact of President Trump’s proposed budget:
Yesim Sayin Taylor, executive director of the pro-business D.C. Policy Center, said major federal job cuts triggered that fiscal crisis, showing the city can experience a “federally engineered recession.” She believes Trump’s budget could spark a similar recession.
Federal spending increases after Sept. 11, 2001, helped revive the city’s economy, and Washington was largely insulated from the impact of the Great Recession because new federal spending made up for the region’s private-sector job losses, Taylor said.
Of the 19 agencies that Trump wants to eliminate, 16 are headquartered in Washington, and another is just across the river in Arlington, Virginia. Most of the offices are clustered around downtown.
You can read the piece in full here.