Trump Signs Executive Order to Decrease Federal Spending: 4 Ways That Could Impact Your Wallet

Trump Signs Executive Order to Decrease Federal Spending: 4 Ways That Could Impact Your Wallet

Nearly 30,000 federal workers were laid off or fired as a result of President Donald Trump’s executive order reducing government spending. It is uncertain whether that will stand — thousands of federal workers have since been reinstated and placed on leave, NBC News reported — but the economy may feel continued effects.

While federal spending cuts directly affect a comparatively small group of people, the ripple effects could impact everything from shrinking social safety nets to an increase in consumer costs. Follow link to read more from AOL.com. https://www.aol.com/trump-signs-executive-order-decrease-120111173.html