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May 26 2023    Next issue: Jun 9 2023

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US debt default could delay or halt payments for contractors

SBA IG warns of ineligible self-cert SDB awardee risk; Also, FY2020 rule disallowed protests of disadvantaged

     Government contracting attorneys and analysts are warning of likely late or canceled payments to federal contractors and possibly other major disruptions to federal programs in the coming months if the U.S. defaults on its debt.

      The potentially negative impacts on contractors would be compounded by very harsh effects on the U.S. and global economy, according to many U.S. economists and policy makers.

      The US government reached the limit of what it could borrow on Jan. 19, 2023. Since then, it has been funded by “extraordinary” measures that will run dry on or around June 1, US Treasury Secretary Janet Yellen said.

      Congress determines government spending, and for many decades lawmakers raised the debt limit to cover funds already spent. Not so this year:...more....

     

Next issue: Jun 9, 2023

Inside this edition:

While 8(a) set-asides slump, are riskier SDB awards soaring?

Judge pauses Polaris GWAC

SBA’s six new vet biz centers

CIO-SP3 for 6 more months

Debt default starts June 1

Wide-ranging Govcon rule

FAA awards to small biz’s

GSA’s FAS Web catalog

Column: In-Person GovCon Industry Meetings Are Back!

Washington Insider:

  • DOD’s long-distance construction contractors
  • Cardin retiring
  • SBA lending update



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