Imagine if Washington-based politicians had run the first Christopher Columbus expedition. With the “New World” just over the horizon, a fast messenger ship arrives from Spain with startling news — the government has been shut down. The Niña, Pinta and Santa Maria are ordered to drop anchor. And do nothing.
Senate Majority Leader Mitch McConnell (R-Ky.) has promised that Congress will not shut down the government or threaten to default on the national debt. To do that, they'll need to pass a spending bill after the August recess and then address the debt ceiling. The Bipartisan Policy Center predicts a deadline for raising the borrowing cap will fall in November or December. Steve Bell is senior director of economic policy at the Bipartisan Policy Center. He joined Tom Temin on the Federal Drive with more on the budget outlook.
Bloomberg Government's Chris Payne and Cameron Leuthy will talk about the government shutdown and how it is affecting contracting and agency missions. October 15, 2013
Two weeks into a government shutdown that has hamstrung federal agencies and sent large sections of their employees home without pay, Congress is heading for another last-minute showdown — this time over raising the government's borrowing authority, known as the debt ceiling.
Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell spoke by phone Sunday but failed to agree on a deal to raise the nation's borrowing authority above the $16.7 trillion debt limit or reopen a government still shuttered on its 14th day.
On this week's Capital Impact show, Bloomberg Government analysts discuss how the debt limit and furloughs are affecting the economy, and how a case being reviewed by the Supreme Court, could impact future elections. October 10, 2013
House Speaker John Boehner says Republicans would vote to extend the government's ability to borrow money for six weeks, but the partial government shutdown would continue.
On this week's Capital Impact show, Bloomberg Government analysts will discuss the summer's employment numbers, and what Congress will be working on this month. September 12, 2013
On this week's Capital Impact show, Bloomberg Government analysts will discuss what's ahead for Congress, the implementation of Dodd-Frank, and possible changes to Fannie Mae and Freddie Mac. July 25, 2013
Michael Nelson talks about a Bloomberg Government study on the issues surrounding big data. Anthony Robbins of Brocade Communication discusses IT reform. Fedlink Executive Director Blane Dessy discusses how expanding his program will help cut government costs. Alex Bolton of The Hill newspaper fills us in on Congress' plans to solve the debt ceiling crisis.
Cindy Auten of the Telework Exchange talks about a new report on BYOD. Robert Khuzami explains why he is stepping down as the SEC's enforcement director. Peter Schroeder of The Hill newspapers discusses the looming debt-ceiling showdown.
New version of sequestration would reduce overall tab to DoD but compress across-the-board cuts into just seven months. A leading-think tank's "back of the envelope" calculations show the military would have to furlough almost every civilian.
Brian Friel of Bloomberg Government told The Federal Drive with Tom Temin and Emily Kopp Congress' latest piece of legislation both delays sequestration and reduces its potential effect.
Micro Focus\' Tod Thompkins, joins host John Gilroy to talk about launching and maintaining complex IT systems, in the age of austerity. October 25, 2011
It\'s showtime for Congress, the White House and members of the federal family. Odds are, Senior Correspondent Mike Causey says, you are not going to like what you see and hear for the next couple of weeks.