- Mark Cuban warned the federal government's abrupt and deep cuts are having spillover effects across the economy, eventually leading to a downturn. The latest jobs report showed solid gains, but it pointed to early effects of DOGE cuts and didn't capture the wave of layoffs that have come more recently. Meanwhile, Wall Street is pricing in greater odds of a recession.
Billionaire investor Mark Cuban warned the spillover effects of the federal government's massive cuts could send the economy into a downturn.
