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Debt Ceiling U.S. Treasury

Holland & Knight LLP

Breaching the Federal Debt Ceiling: Healthcare Implications

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The federal statutory debt limit is currently set at $31.4 trillion. As congressional Republicans and President Joe Biden continue to haggle over a budget agreement that would include an increase in the debt ceiling, the date...more

Paul Hastings LLP

Proactive Recommendations to Private Equity Sponsors During Debt Ceiling Uncertainty

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Like most other enterprises that raise and spend capital, the federal government finances its spending in part through the issuance of debt. The federal debt limit is the maximum amount of money that the federal government is...more

McDermott+

Healthcare Preview for the Week of: May 22, 2023

McDermott+ on

Debt Limit Deadline Draws Nigh - President Biden and House Speaker Kevin McCarthy are scheduled to meet one-on-one today, just 10 days ahead of the June 1 debt limit deadline....more

Venable LLP

How Did We Arrive at the Debt Ceiling Standoff, and Where Do Government Contractors Go From Here?

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The United States is facing yet another standoff over its congressionally set debt limit. In addition to causing widespread economic harm, Congress's failure to raise the debt limit, also known as the debt ceiling, could...more

Holland & Knight LLP

What Hitting the Debt Ceiling Might Mean for Federal Contractors

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The United States is likely just weeks away from the federal government reaching the maximum debt ceiling. The U.S. Department of the Treasury is not permitted to expend funds beyond the current debt limit (because it has no...more

Morrison & Foerster LLP - Government...

The Debt Ceiling And Its Potential Implications For Government Contractors

Contractors face potential payment uncertainty as a result of the current congressional inability to agree to increase the federal government’s debt ceiling. The government reached the official debt limit months ago, on...more

Cozen O'Connor

Cozen Currents - The Banking Crisis: What Happens Next?

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The Cozen Lens- •As the dust settles on the most serious banking crisis since 2008, lawmakers and regulators are eying the policies, as well as the politics, necessary to restore stability to the banking system... ...more

Cozen O'Connor

Cozen Currents: Process Trumps Substance on the Debt Limit

Cozen O'Connor on

The Cozen Lens- •After reaching the $31.4 trillion debt limit last week, the clock is ticking to find a path forward and avoid a default. But raising the debt limit today has become a broader partisan fight, which may...more

Brownstein Hyatt Farber Schreck

U.S. Government Reaches Debt Limit: Current Landscape and Key Takeaways

On Jan. 19, 2023, the United States government reached its $31.4 trillion borrowing limit, which was signed into law (P.L. 117-73) by President Joe Biden on Dec. 16, 2021. Last week, Treasury Secretary Janet Yellen wrote to...more

Skadden, Arps, Slate, Meagher & Flom LLP

Protocols Exist for Operating the Government During a Shutdown but Not During a Debt Ceiling Crisis

The U.S. federal government once again confronts twin fiscal crises. Absent intervening legislation, the government’s appropriations will largely lapse on October 1, 2021, prompting a shutdown. Separately, the secretary of...more

McGuireWoods Consulting

The Debt Ceiling: The Gamesmanship Begins

The clock is ticking for Congress to reach a deal to raise the federal borrowing limit — the debt ceiling. On July 23, 2021, Secretary of the Treasury Janet Yellen notified Congress that, as of Aug. 1, the outstanding debt of...more

Bracewell LLP

SLGS Window Closing; Tax Reform Continues to Threaten Public Finance

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On December 6, 2017, the U.S. Department of the Treasury announced the suspension of sales of United States Treasury Obligations – State and Local Government Series (i.e., SLGS), effective 12:00 noon Eastern Time, Friday,...more

Miles & Stockbridge P.C.

Treasury Suspends Sales of State and Local Government Series Securities

The U.S. Department of the Treasury’s Bureau of the Fiscal Service (the “Treasury”) announced on December 6, 2017 the suspension of sales of State and Local Government Series (SLGS) nonmarketable Treasury securities,...more

Baker Donelson

Debt Ceiling Expected to be Breached at the End of September

Baker Donelson on

According to Treasury Secretary Steve Mnuchin, the U.S. will hit its debt limit at some point in late September. Congress has until then to raise the federal debt ceiling before the Department of the Treasury's so-called...more

Clark Hill PLC

Window on Washington - This Week in the Nation's Capital - Vol. 1, Issue 23

Clark Hill PLC on

CBO Confirms Size of Breach of Defense Cap for FY18 Bills: The House FY18 Omnibus Appropriations Bill scheduled to be taken up in September would bust the Defense cap by $72 billion. This would cause the Office of Management...more

Clark Hill PLC

Window on Washington - This Week in the Nation's Capital - Vol. 1, Issue 21

Clark Hill PLC on

US Budget Deficit Narrowed to $42.9 Billion in July: The federal budget deficit fell sharp­ly in July from a year earlier, largely because of a quirk in the calendar. The U.S. Treasury Department said that the budget gap came...more

Clark Hill PLC

Window on Washington - This Week in the Nation's Capital - Vol. 1, Issue 20

Clark Hill PLC on

McConnell Sets Next Senate Vote for Sept. 5 (The Washington Post). House Set to Bundle 8 Leftover Spending Bills in September: Republicans are set to tackle remaining appropriations bills after returning from August recess,...more

Clark Hill PLC

Window on Washington - This Week in the Nation's Capital - Vol. 1, Issue 19

Clark Hill PLC on

House Passes Spending Bill That Includes Over $1 Billion in Border-Wall Funding: The House passed a $788 billion spending bill that combines a $1.6 billion down payment for President Donald Trump's controversial border wall...more

Bracewell LLP

Public Finance Update – SLGS Window Closing

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On March 8, 2017, the U.S. Department of the Treasury announced the suspension of sales of United States Treasury Obligations – State and Local Government Series (i.e., SLGS), effective 12:00 noon Eastern Time, March 15,...more

McGuireWoods LLP

Washington Update - Government Shutdown and Debt Ceiling: A Primer

McGuireWoods LLP on

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

Skadden, Arps, Slate, Meagher & Flom LLP

"Shutdown and Debt Ceiling Crisis Would Pose Distinct Challenges for Government Operations"

Absent intervening legislation, the U.S. federal government’s appropriations will lapse on October 1, 2013, prompting a government shutdown. Separately, the secretary of the Treasury has informed Congress that, no later than...more

Mintz - Public Finance Viewpoints

Financial Services Legislative and Regulatory Update -- September 16, 2013

In This Issue: Leading the Past Week; Legislative Branch; and Executive Branch. Leading the Past Week - Congress returned this week from its August Recess period and hit the ground running, with the...more

Mintz - Public Finance Viewpoints

Financial Services Legislative And Regulatory Update -- February 4‚ 2013

In This Issue: Leading the Past Week; Legislative Branch; Executive Branch; Miscellaneous; and Upcoming Hearings. Excerpt from Leading the Past Week - Even though the Senate sent a debt limit extension to the...more

King & Spalding

113th Congress Underway by Thomas J. Spulak

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The 113th Congress opened this week. In many ways, however, it began in the long shadow of the 112th Congress, which ended on January 3. Numerous issues were either left unresolved or only partially addressed, requiring...more

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