It allowed the region to be one of the nation’s few economic bright spots after the financial crisis gutted the national economy in 2009, attracting job seekers to the District in droves and spurring a development boom here. But four years later, hiring ground to a halt as congressional gridlock forced a government shutdown and federal budgets were slashed as part of the sequestration process, even though the recovery was gaining momentum elsewhere.
Category: George Mason University
The Washington economy shows signs of weaning itself from federal dependence
It allowed the region to be one of the nation’s few economic bright spots after the financial crisis gutted the national economy in 2009, attracting job seekers to the District in droves and spurring a development boom here. But four years later, hiring ground to a halt as congressional gridlock forced a government shutdown and federal budgets were slashed as part of the sequestration process, even though the recovery was gaining momentum elsewhere.