The Debt Ceiling and Its Potential Implications for Government Contractors

Contractors face potential payment uncertainty as a result of the current congressional inability to agree to increase the federal government’s debt ceiling. The government reached the official debt limit months ago, on January 19, 2023.  Yet by all appearances it continues to operate “as normal.” The appearance of normalcy is due to the government’s considerable cash reserves and its use of certain “extraordinary measures” (such as not paying into trust funds).

View the full article