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On this week's Capital Impact show, Bloomberg Government analysts will examine how the government shutdown is affecting contractors, and what some people are doing to to generate income during these tough economic times.
October 17, 2013
"I certainly hope what happened to you never happens again," says former DHS CHCO Jeff Neal in an open letter to feds. "If it does, maybe we would be better off if we really shut down the whole government when the money runs out. Open the borders, ground the airplanes. Bring the troops home. Let our fellow citizens see what would really happen if you were not on the job every day."
The bill passed by Congress reopening the federal government after a two-week shutdown grants retroactive pay for furloughed federal workers and clears the way for all federal employees to receive a 1 percent pay raise in January. The continuing resolution, which funds government operations through Jan. 15, also grants agencies some spending flexibilities to avoid sequestration-related furloughs over the next few months.
Two weeks into a government shutdown that has hamstrung federal agencies and sent large sections of their employees home without pay, Congress is heading for another last-minute showdown — this time over raising the government's borrowing authority, known as the debt ceiling.
House Republicans unveiled a proposal that would give the Treasury authority to borrow normally through Feb. 7 and reopen the government with enough money to last until Jan. 15. The White House quickly rejected the plan.