debt ceiling default

What’s in that 99-page debt ceiling deal for contractors?

The debt ceiling bill must traverse a tortured path to become law. Nothing’s guaranteed quite yet. But presuming it becomes law, it will put defense and…

Contracting

Will theoretical debt-ceiling deadline result in real deal?

Congress

(AP Photo/Susan Walsh)

FILE - In this photo March 22, 2013 file photo, the exterior of the Internal Revenue Service (IRS) building in Washington. Lawmakers are increasingly looking at boosting the IRS to help pay for infrastructure improvements. (AP Photo/Susan Walsh, File)

IRS faces $20B cut from modernization fund under debt ceiling agreement

Congress

Biden and McCarthy reach a final deal to avoid US default and now must sell it to Congress

Budget

Agencies know what to do during a government shutdown, but default is new territory

Management

Feds focus on TSP’s future, as Uncle Sam steps toward financial cliff

Federal Newscast

Success currency concept: arrows hitting the center of Green Dollar target on wall background, 3d render

A default isn’t a shutdown, but agencies could treat it that way

Budget

FILE- In this June 15, 2018, file photo, twenty dollar bills are counted in North Andover, Mass. Default on your federal student loans and the government can take up to 15 percent of each paycheck to satisfy your debt. The Education Department can also withhold federal benefits like tax returns and Social Security payments. Garnishment is an effective tool to recoup unpaid loans, private collection agencies enlisted by the Education Department took in over $841.6 million via wage garnishment in the 2018 fiscal year, but it inflicts serious financial strain on borrowers who are already struggling. (AP Photo/Elise Amendola, File)

If the government defaults, you might need that cash in your mattress

Pay & Benefits

What would happen to contractors in case of a debt default?

Contracting

That tick-tick-tick-tick-tick you hear? It’s the countdown to debt ceiling doomsday

Congress