Debt Debate: Implications for Greater Washington Business
July 28, 2011
As the debt ceiling debate continues between the White House and Congress, uncertainty looms for business operations in Greater Washington. Understanding how far-reaching the implications will be for things here is difficult to grasp: a shutdown looms if August 2 comes and goes; credit ratings for state and local governments may be downgraded, causing difficulty in borrowing at a critical cash-flow point in the year; almost every potential deal has drastic reductions planned for the federal workforce, contracting community and beyond. The Board of Trade is convening a special program on Thursday, July 28th, to help business leaders understand and prepare for the implications of the debt-debate.
This timely event will bring together regional thought leaders to address the impact to area firms, State/District and local governments (including discussion of potential rating downgrades, borrowing power, etc.) Topics will address any risks to major projects – such as funding for Rail to Dulles, HOT Lanes and the ICC. Special emphasis will be given to exploring implications for the contracting community, government-funded university research and federal/state/municipal workers.
Crowell & Moring Participant(s):
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