Debt Ceiling

News & Analysis as of

Update on Government Fiscal Issues Impacting Government Contractors

With the threat of a government shutdown avoided by Congress’ passage of a short- term Continuing Resolution on September 30, Congressional focus has turned to the debt ceiling, the spending caps imposed by the Budget Control...more

Budget Deal Limits Payment to New Off-Campus Hospital Outpatient Departments

On November 2, 2015, President Obama signed the Bipartisan Budget Act of 2015 (the “Act”) into law. The Act, widely hailed as a rare act of bipartisan cooperation, raises the federal debt ceiling and sets federal spending...more

Congress Take Step Toward Site-Neutral Medicare Payments in Bipartisan Budget Act of 2015

On October 28, 2015, the U.S. House of Representatives approved legislation that, if enacted, would, among other things, substantially alter how and how much Medicare pays for outpatient services furnished by hospitals. The...more

Energy & Environment Update - October 2015 #4

Energy and Climate Debate - Following a busy week for the Obama Administration during which it held several energy and climate events in anticipation of the international climate negotiations at the end of the year in...more

Proposed Budget Deal Would Add Medicaid Inflation Rebates for Generic Drugs

As noted in our recent Health Industry Washington Watch blog post, outgoing House Speaker John Boehner and the Obama Administration have reached agreement on a two-year, $80 billion budget/debt-ceiling deal that includes...more

Pending Budget Deal Includes Medicare Sequestration Extension, Other Medicare/Medicaid Cuts

Outgoing House Speaker John Boehner and the Obama Administration have reached agreement on a two-year, $80 billion budget/debt-ceiling deal that includes Medicare and Medicaid “offsets” to finance other spending. For...more

Washington Healthcare Update

Elections for Speaker of the House and Potential Changes at Ways and Means Committee - Rep. Paul Ryan (R-WI) announced Tuesday (Oct. 20) that he will run for the House Speaker position if the major House Republican...more

Washington Healthcare Update

Bicameral Bill Introduced to Provide HHS Authority to Reject Proposed Insurance Rates - Before Congress left for its Columbus Day recess, Rep. Jan Schakowsky (D-IL) and Sen. Diane Feinstein (D-CA) introduced the Health...more

Now to End of 2015 – What to Expect?

Funding Crisis Averted & New Leadership in the House: A week ago no one could have predicted that the biggest story in Washington this week would not be the last minute avoidance of a government shutdown by passage of a...more

Washington Update - Government Shutdown and Debt Ceiling: A Primer

Even before Congress returned to work this week, House and Senate Republican leadership warned their caucuses about the political consequences of shutting the government down when this fiscal year ends on September 30. In...more

Tax Policy Update

NUMBER OF THE WEEK: 10 - The total number of legislative working days in September. Lawmakers returned from the August recess yesterday facing a daunting to-do list, including incendiary debates over foreign policy,...more

Tax Policy Update: The Emerging Fall Fiscal Cliff

If you read one thing... - Congress’ tax and budget challenges include funding the government for FY 2016 and a required federal debt ceiling increase to avoid catastrophic default on the nation’s debt. These legislative...more

Summer is (Almost) Over & Congress is Back!

While summer isn’t officially over until September 22, for most here in the nation’s capital the vacations are nearly completed and it is back to work as Congress returns from the long August recess and Labor Day...more

Under New Law, a Big Win for Small Community Banks

Under a law enacted this month, a small bank exemption to acquisition debt limits will cover a far broader group of banks. The measure, signed into law by President Obama Dec. 18, would extend the applicability of the Federal...more

Government Affairs and Public Policy - Feb 14, 2014

The Elevator Speech Overview - The House and Senate were in session this week, but left town as quickly as possible to avoid weather related delays due to the snowstorm that hit the east coast Wednesday evening....more

An Update from Washington – Debt Ceiling, Taxes, and Health Care – Oh My!

Election year politics already have arrived at the Capitol. Members of the House and Senate in both parties have their eyes on November 4th and are putting forward agendas and proposals to position themselves favorably in...more

2014 Legislative & Regulatory Outlook

The K&L Gates Public Policy and Law Group (“Policy Group”) has prepared a legislative and regulatory outlook for 2014 with the purpose of identifying potential risks and opportunities for stakeholders. Conventional wisdom...more

Which way forward for the sovereign debt crisis? Six thought leaders in sovereign debt restructuring share their observations of...

A crisis far beyond anything experienced in recent memory - The way in which regulators, investors, banks and governments respond to the current sovereign debt challenges will echo for many years. Decisions made today...more

Health Reform + Related Health Policy News - October 2013 - Issue 3

In This Issue: - Top News ..Deal to Raise Debt Ceiling, End Shutdown Yields No Major Changes to Health Care Law ..Problems with Website Continue; HHS Working to Fix Issues ..Kaiser Study...more

Congressional budget talks – an opportunity to advance tax reform?

Taxes will be a major part of the budget discussions now under way in Washington. Is this an opening for comprehensive reform? Earlier this year, the House and Senate passed very different proposals for the federal...more

Financial Services Legislative and Regulatory Update -- October 21, 2013

In This Issue: Leading the Past Week; Legislative Branch; Executive Branch; Miscellaneous; and Upcoming Hearings. Excerpt from Leading the Past Week - On October 16th, 16 days after the government shut...more

Washington Could Use A Little More Mediation

Most of us were at least slightly frustrated by Washington’s inability to reach agreement over budget and debt limit issues in the past weeks and months. In fact this kind of dysfunction and brinksmanship has become more of a...more

Lawmakers Reach Deal to End Government Shutdown, Raise Debt Ceiling

While the focus over the past 16 days has been on the shuttered government and the prospect of the United States defaulting on its debt obligations, there are subtexts that are relevant to the health care industry. This On...more

Events moving fast in Congress: the shape of things to come?

The next two days in Congress will be characterized by fast-moving developments on the government shutdown/debt ceiling issues. As of this morning the situation is as follows...more

U.S. Federal Government Shutdown: Daily Update #10

The Elevator Speech Overview - Wednesday is day nine of the Government Shutdown. Eight days until the Treasury says the U.S. will hit its debt ceiling. Democratic and Republican House leaders met today in a private...more

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