Commercial Space Flight -- Navigating the Gravitational Pull of Budget Cuts
Client Alert | less than 1 min read | 06.10.13
On May 2, NASA announced that Congressional funding cuts in the Commercial Crew Program have delayed its plans to transport U.S. astronauts to and from the International Space Station using commercial launch services offered by U.S. companies. In Commercial Space Flight: Recent Turbulence and Promising Future?, Crowell & Moring attorneys discuss NASA's plans to replace the space shuttle with commercially operated space lift capabilities, recent setbacks in those plans, and the potential future trajectory of the commercial space flight industry.
Insights
Client Alert | 4 min read | 08.21.25
FLSA Overtime Reporting and Withholding
The One Big Beautiful Bill Act (the Act), signed on July 4, 2025, allows a deduction from an individual’s personal tax return on Form 1040 for “qualified overtime compensation” as defined in new Code § 225. The amount that can be deducted from the employee’s return is capped at $12,500 with the maximum then adjusted down if the employee’s AGI exceeds certain limits. This deduction is permitted in 2025.
Client Alert | 4 min read | 08.20.25
Client Alert | 15 min read | 08.20.25
Client Alert | 2 min read | 08.19.25
