You are so eager to justify your moronic vote for brain dead Biden and cackling Kamala that you don't even let the dust subside even a little bit. Jeff cheers negative growth! Then the real reason comes out and the stock market quickly recovers 400 points.
Hopefully, the Federal spending orgy is being reduced. I know for fact that Army contractors working remotely have been cut. All travel is being scrutinized including travel to Crimson Viper 2025 in Thailand. University research funding is being cut - and I recently came into some quality information from an overseas doctorate. US universities seem to take a much larger cut (say 20 percent) that goes to general operations - not the research itself. Foreign universities are much lower. As with everything, the correct answer is in the middle.
But, your boy Joe didn't care nor did your girl Kammy.