Bloomberg Law
May 25, 2023, 6:28 PM

Agencies Lack Visibility on Contractor Payment if US Defaults

Patty Nieberg
Patty Nieberg

Federal agencies lack a consistent plan for contractors in the case of a US debt default and aren’t engaging with industry partners about their concerns, David Berteau, president of Professional Services Council, said at a media roundtable Thursday.

PSC is concerned that the government doesn’t have a mechanism to prioritize payments on existing obligations. “This is sort of the opposite of what you do in a government shutdown, where you decide what’s essential and what’s not essential,” he said.

PSC said contractors should keep submitting invoices and follow up with the agencies to ensure there are no unanswered questions and ...

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