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…
Sarah Pochin at Reform Scotland’s manifesto launch event: “I really wanted to come on in a Reform tartan burka, but apparently I wasn’t allowed… One day let’s do one of these events not live-streamed. We’ll do all the naughty stuff…”