The ongoing debt ceiling negotiations are approaching the “X Date” with little certainty of a resolution. The X Date, the date on which the U.S. Government runs out of money to pay all of its bills, is estimated to be June 1. Failing to raise the debt ceiling by that date would be unprecedented and, by most accounts, would have dire consequences for the economy.
Want to avoid the next Government shutdown? Bring the Postal Service back into the fold of Government-run agencies that must cease operations during a shutdown.
Once again, the government stands on the precipice of a shutdown. As the clock counts down—the deadline for a budget or another continuing resolution is midnight on Friday, April 8, 2011—agencies have started preparing for the consequences. Contractors should be prepared as well.