Week In Review

more+
less-

It’s been quite a week in Washington and across the country. After weeks of political wrangling and posturing a compromise debt ceiling deal was finally reached at the eleventh hour, giving the President borrowing authority through 2012. However, markets remained uneasy after the debt ceiling vote as economic realities set in. And as Congress got over one impasse they hit another, causing a nationwide outcry as they failed to refund the FAA before leaving for summer recess, leaving the federal government unable to collect $1.2 billion in airline passenger taxes for five weeks (and all of it over a disagreement about a $16 million subsidy cut provision). Finally, the buzz about which members of Congress will be on the new Super Committee that will be responsible for coming up with $1.2 trillion in debt savings cuts is spurring an increase in lobbying activity, since the Super Committee’s membership will be a key to predicting which programs will be cut and which will be spared.

LOADING PDF: If there are any problems, click here to download the file.


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Turner Government & Public Affairs | Attorney Advertising

Written by:

more+
less-

Turner Government & Public Affairs on:

Readers' Choice 2017
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.
×
Loading...
×
×