One year later: Lessons learned from the March 2023 bank failures

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One year later: Lessons learned from the March 2023 bank failures
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The federal government purchased $25.7 billion goods and services in the Washington area in 1999, an increase of $.9 billion over the prior year.


The purchases translate into about 214,000 jobs in the private sector, or 10.5 percent of all private sector jobs in the area. The 1999 annual increase was the twentieth consecutive one. Over those twenty years the area economy benefited from a 511 percent increase in federal purchases.