How the Trump and DOGE terminations — perhaps the biggest job cuts in history — may affect the economy (1 Viewer)

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    Greg Iacurci, CNBC

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    The Trump administration's purge of federal workers may ultimately amount to the biggest job cut in U.S. history, which is likely to have ramifications for the economy, especially at the local level, according to economists.

    The White House, with the help of Elon Musk's so-called Department of Government Efficiency, has fired or offered buyouts to workers across the federal government, the nation's largest employer.

    While the precise scale of the job cuts is as yet unclear, evidence suggests it's at least in the tens of thousands so far, economists...

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