Discussion Paper
What Might Cuts in Federal Government Spending Mean for the Fifth District?
Abstract: In a previous post, we examined the concentration of the federal government workforce in the Fifth Federal Reserve District — a region that includes the government-concentrated District of Columbia and surrounding areas in Maryland, Virginia, and West Virginia. However, workforce concentration is just one aspect of federal government spending in our district. Virginia and Maryland, for example, have consistently been among the top recipients of federal contract dollars. To understand the extent to which the Fifth District relies on the federal government requires examining not only the federal workforce, but also the scope of federal spending in the region. Even though we cannot fully gauge the impact of potential spending cuts until we know which programs and agencies will be affected, we can assess where federal spending occurs in the district and which areas might be more impacted by a decline.
Access Documents
File(s):
File format is text/html
https://www.richmondfed.org/region_communities/regional_data_analysis/regional_matters/2025/cuts_federal_government_spending_fifth_district
Description: Discussion Paper
Bibliographic Information
Provider: Federal Reserve Bank of Richmond
Part of Series: Regional Matters
Publication Date: 2025-03-21