Energy agencies face different fates in government shutdown
On 1 October 2013, after the US Congress failed to reach agreement on a continuing resolution (CR) to extend appropriations for most US discretionary programmes beyond 30 September 2013, the US government was forced to partially shut down, resulting in the closing of many US government offices, parks and programmes and the furlough of approximately 800,000 federal employees. Many government contractors have also been forced to furlough employees as a result.
In addition, the US Treasury Department has indicated that it will reach the $16.7tn (£11tn) limit of its statutory authority to borrow money to fund US government obligations — the federal debt ceiling — by 17 October 2013.
While it is expected that Congress will reach at least a short-term agreement to extend the debt ceiling by 17 October, opposing factions in Congress and the White House continue to be a long way from resolving the debt ceiling and CR impasse…
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Analysis from The Lawyer
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