Federal Contract Spending Reaches Its Highest Level Ever in Fiscal 2019, Marking 4 Straight Years of Growth

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Federal contract spending grew for the fourth year in a row to reach $597 billion in fiscal 2019, its highest level yet and a 6% increase over the previous year, according to newly released data.  Spending is expected to exceed $600 billion in fiscal 2020, without even including spending on economic stimulus funds in the wake […]
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