{
Matthew Akers

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001122334455554433221100

government contract cuts impact major consultancies and economic growth prospects

DOGE has terminated over 120 contracts with Deloitte, totaling more than $1.16 billion, claiming to save taxpayers approximately $371.8 million. This move, part of a broader effort to cut government spending, has significantly impacted consulting firms reliant on federal contracts, with analysts warning of potential revenue declines and job losses in the sector. The cuts follow a directive from the General Services Administration for consultancies to identify non-essential contracts, reflecting the administration's focus on fiscal responsibility.
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United States Dollar Booz Allen Hamilton Corp. Oracle AI USD Wells Fargo & Company Bank of America Corporation Accenture plc PwrCor, Inc. USA Matthew Akers Elon Musk Julie Sweet Donald Trump Show more
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13:04 03.04.2025
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