Remove 2013 Remove Contract Administration Remove Purchasing
article thumbnail

Strategies for Dealing with a Government Shutdown

SmallGovCon

For example, according to a report published by the White House Office of Management and Budget (OMB), the 2013 shutdown was estimated to reduce Gross Domestic Product growth by between $2 and $6 billion. ” In addition, the Antideficiency Act also might restrict an agencys ability to obligate new funds under existing contracts.

article thumbnail

Government Contracts Issues for a Recession

Procurement Notes

And, if bond investors will only purchase Government debt at elevated interest rates, that will influence the interest rates across the wider economy—working against any moves that the Fed. Louis, stlouisfed.org (July 1, 2013), available at [link]. [32] The second problem is that the growing debt hampers any move by the Fed.