Budget Cuts

News & Analysis as of

Strong Commentary From Washington Regarding IRS Budget Cuts

As reported in previous blog posts (January 17, 2014, January 21, 2014, and January 20, 2015), federal budget setbacks continue to severely impact the Internal Revenue Service (“IRS”) and its ability to carry out its lofty...more

America COMPETES Reauthorization Act Of 2015 Includes Cuts To Clean Energy Research Funding

On May 20, 2015, the House voted to pass the America COMPETES Reauthorization Act of 2015 (H.R. 1806) (COMPETES), a research funding bill that was originally enacted in 2007 to further U.S. scientific and technological...more

Budget Woes Continue to Hit IRS

Earlier this week, IRS Commissioner Koskinen delivered a speech that discussed the challenges that the IRS continues to face as a result of budget reductions. IRS staffing is already down 13,000 full time employees since...more

UK Bribery Act: Still Hostage to Budget Cuts?

According to a 22 July 2013 article in The Law Society Gazette, the Serious Fraud Office (SFO) is investigating only two cases relating to the Bribery Act more than two years after the law came into force. Response to a...more

Appropriations and Sequester – Laying Down Markers

With no budget framework in place, the House and the Senate are both marching to their own drummers and producing appropriations bills based on spending levels detailed in their respective budget outlines....more

Turning Lemons into Lemonade: Doing Real Estate Business with the Federal Government in These Challenging Economic Times

The Federal Government is one of the largest real estate players in the United States, owning or leasing a huge portfolio of office buildings and other real estate assets across the country. The Public Building Service...more

Cuts In Services May Leave Bigger Wounds

In a recent open letter, the Illinois Department of Financial and Professional Regulation (the "Department") advised providers of cuts in the Department's Medical Unit that will negatively impact the state's healthcare...more

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