Bill Ackman Says Biden Is Handcuffing Trump And Musk's DOGE Plans By Locking In Work-From-Home Deals For Federal Employees: 'This Needs To Stop Now'

Stocks and Investing Stocks and Investing

Bill Ackman Says Biden Is Handcuffing Trump And Musk's DOGE Plans By Locking In Work-From-Home Deals For Federal Employees: 'This Needs To Stop Now'

^{Published on 2024-12-04 14:08:21 - Brian Stokes, N@N}

Pershing Square Capital Management CEO Bill Ackman slammed what he said were attempts by the Biden administration to "make permanent the Deep State" in a post on X. What Happened: Ackman said, "Biden is attempting to make permanent the Deep State before he leaves office by burdening the government with untenable contracts so that [Donald Trump] and [Department of Government Efficiency] cannot succeed.

The article discusses billionaire investor Bill Ackman's criticism of President Joe Biden's policies regarding federal employees' work-from-home arrangements. Ackman argues that Biden's decision to extend remote work options for federal workers is detrimental to the economy and specifically hampers the plans of high-profile figures like Donald Trump and Elon Musk, who have interests in revitalizing urban commercial real estate through projects like Trump's hotels and Musk's potential developments. Ackman believes that these policies are "handcuffing" economic recovery by reducing the need for office spaces, thereby affecting real estate values and urban economic activity. He calls for an immediate reversal of these work-from-home policies to stimulate economic growth and support real estate investments.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/news/politics/bill-ackman-says-biden-is-handcuffing-trump-and-musk-s-doge-plans-by-locking-in-work-from-home-deals-for-federal-employees-this-needs-to-stop-now/vi-AA1vgh72 ]