The Debt Ceiling Standoff Has Federal Contractors on Edge
Source: Inc.com
As the debt ceiling crisis looms over Capitol Hill, federal contractors are on high alert and preparing for the worst if Republican hardliners force the government into default.
"It's the unknown that we're all trying to navigate, so it makes us nervous," says Hugh Shaw, the chief financial officer at Ventera, a consulting and contracting firm based in Reston, Virginia. "We lose sleep, definitely. We lose more sleep on top of the sleep we're already losing in today's environment."
The United States hit its debt ceiling in January, which happens when the government reaches the limit of its borrowing authority. Normally when this occurs, a bipartisan congressional agreement is reached to raise the debt ceiling so that the government can continue to operate. It would be fair to say that normal might not describe Congress these days.
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