How Mass Federal Layoffs Could Impact the Economy

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  With record levels of dry powder available for investment,

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  find out what's in store for private markets in 2025 and beyond.

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  Listen to Kraft in Capital, in partnership with UBS, at partners.wst.com slash UBS, Spotify and Apple Podcast.

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  Here's your money briefing for Wednesday, February 26.

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  I'm Mariana Aspuru for the Wall Street Journal.

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  Recent layoffs and hiring freezes from the Trump administration have left Americans employed by the federal government on shaky ground.

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  If you're a federal worker and you lose your job,

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  you're going to spend less money until you're able to find new employment.

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  If you're a federal worker and you don't lose your job,

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  but you've seen these mass layoffs, maybe you're not going to think about buying that new washing machine.

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  Maybe you're going to be a little bit more conservative with your cash.

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  That could have an effect on businesses.

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  We'll talk to Wall Street Journal reporter Justin Leihard about what it could mean for the economy

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  if hundreds of thousands of those jobs go away.

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  That's after the break.

• 01:20

  Americans love using their credit cards.

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  The most secure and hassle-free way to pay.

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  A DC politicians want to change that with a Durban Marshall credit card bill.

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  This bill lets corporate megastores pick how your credit card is processed,

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  allowing them to use untested payment networks that jeopardize your data security and rewards.

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