The Department of Government Efficiency (DOGE), run by Elon Musk, has already put HUD programs under a microscope by leaving $12 billion of CMBS loans at risk. Also, it put federal office leases of private-sector buildings under suspected right-sizing.
These are examples of potential direct impact. As Josyana Joshua and Ethan Steinberg at Bloomberg pointed out, citing a Barclays Plc analysis, there might also be indirect effects on corporations.
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