SmartContracting Daily Intel for Jan. 15, 2013

In today's news...

Federal Times: OMB says 2014 budget request will be late

http://bit.ly/Xb5gMB

Washington Post: Fiscal issues put federal workers in crosshairs — again

http://wapo.st/106D7g8

Federal News Radio: OMB tells agencies to 'intensify' sequestration planning

http://bit.ly/VHYHVr

Federal Times: Feds will not get paid if debt ceiling is not raised, Obama says

http://bit.ly/TYakX5

SmartContracting Daily Intel for Jan. 14, 2013

Happy Monday! In today's news...

Washington Business Journal: Delay in federal cuts is debilitating

http://bit.ly/ZQ4upX

Government Executive: Special Afghanistan inspector blasts Pentagon, USAID waste

http://bit.ly/13w4nEH

The Hill: Ashton Carter is staying at Pentagon

http://bit.ly/RTtn58

Washington Post: How would Hagel affect defense contractors?

http://wapo.st/UkTFfw

FCW: GSA chief plans 10 strategic sourcing efforts by 2015

http://bit.ly/W0PeG3

SmartContracting Daily Intel for Jan. 9, 2013

In today's news, more on the economic front. 

NPR: After The 'Fiscal Cliff,' Businesses Say Some Uncertainty Remains 

http://n.pr/13ivVMK

Government Executive: U.S. could hit debt ceiling earlier than anticipated, report finds

http://bit.ly/RFYelD

Washington Business Journal: Small business owners still gloomy on economy

http://bit.ly/13ivYrQ

SmartContracting Daily Intel for Jan. 4, 2013

Happy Friday! In today's news, more news about sequestration. 

Government Executive: Consider sending layoff warnings, law firm tells federal contractors 

http://bit.ly/Xru48U

Washington Post: Trio of budget-related measures could affect federal workforce in coming months

http://wapo.st/UtfY2l

Government Executive: Tim Geithner is stepping down before the next fiscal fight

http://bit.ly/WboPTR

FedBizDaily: Contractors: Know when to walk away

http://bit.ly/Z3tCsX

DoDBuzz: Entire Defense Department workforce faces furlough threat

http://bit.ly/S9hVUo

PSC Discusses Debt Threat

With the debt limit breach just a few short days way, Smart Contractors are sure to be asking “What is going to happen to my contract and my business if Congress doesn’t reach an agreement and the administration can’t raise the debt ceiling?”

 

Since the U.S. government has never defaulted on a debt before, it is difficult to say with any certainty what will transpire. It’s not even clear that failure to raise the debt ceiling will result in a default, but there are some key points you should understand about operating when the government cannot borrow money: