RE your post on Twitter:
>Fun fact: Most 2025 spending is locked on autopilot
The market is using the Seasonally Adjusted Annual Rate. Would that make much of a difference in your estimate or is it still very difficult to cut $250 billion?
fred.stlouisfed.org/series/FGEXPND
RE your post on Twitter:
>Fun fact: Most 2025 spending is locked on autopilot
The market is using the Seasonally Adjusted Annual Rate. Would that make much of a difference in your estimate or is it still very difficult to cut $250 billion?
fred.stlouisfed.org/series/FGEXPND