Reducing the government’s real property portfolio: Meeting the moment

The hybrid and remote work paradigms spawned by COVID, coupled with the severe downsizing of the federal workforce, are resulting in a surfeit of federal office space, both owned and leased. Add the aging of the federal inventory and the growing cost and impact of decades of deferred maintenance, and literally hundreds of government properties nationwide have the potential to be vacated and disposed of. And yet, in the world of federal real estate, there persists the sense that despite all the alignment on the requirement for action, the government…

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Trump says 15% tariffs on South Korea won’t change after meeting with President Lee Jae-myung

President Trump said the U.S. trade deal with South Korea will remain in place, with 15% tariffs on South Korean goods, after meeting Monday at the White House with President Lee Jae-myung in talks that also covered a shipbuilding deal, a potential summit with North Korea and the cost of U.S. troops stationed on the peninsula. The Washington Times stories: White House

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‘Nothing Has Changed’ Since Feb. 1 Meeting, McCarthy Says on Debt Ceiling

President Joe Biden met with Republican and Democrat leaders Tuesday to discuss the debt ceiling as the U.S. could “run out of cash” in less than a month. Biden met with House Speaker Kevin McCarthy, R-Calif.; Senate Minority Leader Mitch McConnell, R-Ky.; Senate Majority Leader Chuck Schumer, D-N.Y.; and House Minority Leader Hakeem Jeffries, D-N.Y. at the White House. Biden and McCarthy previously met on Feb. 1. “Nothing has changed since then. The only thing that has changed is the House has raised the debt ceiling and passed the bill. That’s why we…

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