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K Street pauses amid meltdown

Trade groups pivot strategy, eye market chaos After weeks of erratic economic activity and the collapse and government takeover of bedrock financial firms, K Street is in a “wait and see” mode, and many leaders say they fear the markets haven’t bottomed out yet.The tumult on Wall Street has shifted priorities inside the Beltway, and particularly in trade associations, here many leaders are taking a closer look at their reserve funds to reduce risk and ensure a financial cushion for their industry groups. It also means more groups are shoring up the bottom line, and holding off on some expenses until the economy returns to a more predictable pattern. “You have a lot of… Read More