DOGE’s Next Target: Government Office Space

WSJ What’s News

The Wall Street Journal

News, Daily News

4.1 • 4.2K Ratings

🗓️ 25 February 2025

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for Feb. 25. Elon Musk’s Department of Government Efficiency is looking to end or consolidate nearly 100 leases for government agency offices. WSJ reporter Peter Grant discusses the impact on the recovering office market. Plus, thousands of employees on church retirement plans have lost some or all of their pension benefits. WSJ special writer Theo Francis explains how these plans sidestep federal oversight—and employees pay the price. And how a $25 gift card is tearing apart a community in the Hamptons. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Does it ever feel like you're a marketing professional just speaking into the void?
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0:27.2	your credit. Terms and conditions apply.
0:33.3	Why buying stuff in person is so much less enjoyable than it used to be.
0:38.3	Plus, Doja's next target, government buildings, and D.C.'s entire office real estate market could feel the impact.
0:45.7	By and large, with a shrinking government, a shrinking workforce, things do not look good for Washington in the immediate future.
0:53.3	And the pensions of thousands of employees on church retirement plans may be in trouble.
0:59.1	It's Tuesday, February 25th.
1:01.2	I'm Alex Sosl for the Wall Street Journal.
1:03.5	This is the PM edition of What's News,
1:05.4	the top headlines and business stories that move the world today.
1:16.3	Thank you. business stories that move the world today. First up, yet another sign that consumers are not feeling too chipper.
1:21.4	The conference board released its closely watched index of consumer sentiment for February.
1:26.6	Consumer confidence fell for the third
1:28.5	straight month with the biggest month-on-month drop in the last three years. Also, for the first
1:33.7	time since June 2024, consumer expectations cross the threshold that usually signals a recession
1:40.0	ahead. Economic worries and tariff fears dragged on U.S. markets today, with tech stocks among the
1:49.2	hardest hit after yesterday's sell-off.
	...

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