The Deficit Reduction "Super Committee"--What it Means for Government Contractors and Healthcare Plans and Providers
September 14, 2011
The substantial increases in government spending that marked the past ten years are over. The passage of the Budget Control Act of 2011 earlier this summer has prompted Congress to engage in the first large-scale deficit reduction efforts in more than a decade. The legislation immediately capped discretionary spending and put into place $917 billion in spending cuts over the next ten years while raising the debt ceiling by $900 billion. The bill also required an additional $1.5 trillion in deficit reduction.
To pave the way, Congress has empowered a 12-person “Super Committee” to find significant savings from across the federal budget. If the Super Committee cannot reach agreement, or if Congress fails to pass their recommendations, then deep automatic cuts are ordered across the government.
Please join our panel of Public Policy and Government Contracts counsel and public policy advisors as we begin the first in a series of webinars designed to prepare you and your business for what is likely to be a fundamental shift in how the federal government operates and engages its vendors and contractors for the years to come.
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