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Executive Summary
The End of the Powell Era
Rate Relief, but Not a Recovery
The Trump administration has proposed slashing more than 9,400 jobs and $1.5 billion from the Transportation Security Administration, a sweeping restructuring that would strip roughly one in six workers from the agency Sresponsible for screening nearly a billion air passengers annually.
A Calculated Ultimatum, Not Rhetorical Noise
Market Snapshot: A Bounce That Masks Deeper Weakness
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