Posts Tagged ‘Wall Street’

At the Edge of the Precipice.

Eric S Crusius, Esq.

At the Edge of the Precipice.


The two sides of the budget battle are no closer to a deal now even though the Government is less than 48 hours from running out of funding.  At midnight this Friday, we could witness the first Government shutdown since 1995-1996.  However, this shutdown would be in stark contrast to the 1995-1996 shutdown because contractors carry out many more governmental functions now than they did fifteen years ago.

If you are looking for the section of the Federal Acquisition Regulation (FAR) that outlines what happens in the event of a shutdown, you will not find one.  While some sections offer clues as to what may happen, there is no concrete guidance available.  Keeping that in mind, there are things contractors can do to prepare themselves for a shutdown.

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